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vitfil [10]
3 years ago
6

Henry Ford famously mass-produced cars at the beginning of the twentieth century, starting Ford Motor Company. He made millions

because mass production made cars cheap to make, and he passed some of the savings to the consumer in the form of a low price. Cars became a common sight in the United States thereafter. Keeping total revenue and its relationship with price in mind, do you expect the demand for cars to be elastic or inelastic given the story of Henry Ford?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
6 0

Answer:

Elastic

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price of a good

Elasticity of demand = percentage change in quantity demanded / percentage change in price

demand is elastic if a small change in price leads to a greater change in quantity demanded

Because there are a lot of cars available, if the price of cars are increased, consumers can easily shift to the consumption of cheaper cars

Demand is inelastic if a small change in price leads to little or no change in quantity demanded

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Joe and karina depend on both of their salaries to afford their mortgage. karina recently lost her job and they are worried that
WINSTONCH [101]

Answer:

The Communication Privacy Management Theory

Explanation:

The Communication Privacy Management Theory studies the ways that people think about and make decisions surrounding how to reveal or hide private information.

7 0
3 years ago
On December 31, 2018, the balance in Megan's Products Accounts Receivable was $680,000 and net credit sales amounted to $3,800,0
Andru [333]

Answer and Explanation:

The Journal entry is shown below:-

a. Bad Debt Expense Dr, $36,800            ($40,000 – $3,200)

                    To Allowance for Doubtful Accounts $36,800

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited

b. Bad Debt Expense Dr, $40,730          ($40,000 + $730)

     To Allowance for Doubtful Accounts $40,730

For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited

7 0
3 years ago
Based on its perceived riskiness, the annual required rate of return is 11.5% for shares of Cyberdyne Inc. The company just paid
Ugo [173]

Answer:

the  estimated price of the stock in 5 years, using the Dividend Discount Model is $216.38

Explanation:

The calculation of the estimated price of the stock in 5 years is given below:

= 5th Year dividend ÷ (Required return - Growth Rate)

Dividend at year 5 should be

=Dividend at year 0 × (1 + Growth Rate)^5          

= $8.69 × (1.061)^5 ÷ (0.11.5 - 0.061)

= $216.38

Hence, the  estimated price of the stock in 5 years, using the Dividend Discount Model is $216.38

4 0
3 years ago
How is a provision for bad debt recognized in the income statement and balance sheet
prohojiy [21]

Answer: The provision for doubtful debts is an accounts receivable contra account, so it should always have a credit balance, and is listed in the balance sheet directly below the accounts receivable line item. The two line items can be combined for reporting purposes to arrive at a net receivables figure

HOPE THIS HELPS

6 0
3 years ago
g "At the start of the current year, Minuteman Corporation had a credit balance in the Allowance for Doubtful Accounts of $3,500
nordsb [41]

Answer: Allowance for the doubtful accounts with a credit balance of $29,600

Explanation:

From the information that is provided in the question, the following can be deduced and the year-end financial statements should show:

Allowance for the doubtful accounts with a credit balance will be calculated as: the beginning allowance for the doubtful accounts + (the sales × Provision % ) - accounts receivable that were written off.

= $3,500 + ($1,110,000 × 3%) - $7,200

= $3500 + $33300 - $7200

= $36800 - $7200

= $29,600

6 0
3 years ago
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