Answer:
One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.
Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
Job training had a positive effect on the Group 1 and it would be beneficial for the second group to have had it too.
Explanation:
In series analysis one compares two set of data in terms of their initial points and their final results and within if there are fluctuations in the matter during the series. In ere, the data given is of two points that is the initial data and the final data.
The two data points clearly show that the two groups were equivalent in 2003 but the first group which received job raining ended up progressing more than the second group so it is beneficial to get the job training that was offered.
Answer:
In Tolan's 2014 income statement, the royalty revenue should be <u>$103,000.</u>
Explanation:
In Tolan's 2014 income statement the royalty revenue will be royalty for January to June received in September 2014, and for July to December 2014 in March 2015
In the year 2014 received in September 2014 = $98,500 which is for the period Jan to June 2014
Royalty = 15% of sales
Sales estimate for July to December 2014 = $30,000
Royalty = $30,000 X 15% = $4,500
Total royalty income for 2014 = $98,500 received + $4,500 to be received in 2015 Mar 15 = $103,000
In Tolan's 2014 income statement, the royalty revenue should be $103,000.
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Answer:
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Explanation:
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