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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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When the Sales Tax feature is enabled in QuickBooks Online, where must you record sales tax payments?
scoray [572]

Answer:

Sales Tax Center

Explanation:

          QuickBooks Online is an online service for accounting software package that is developed as well as marketed by Intuit. Its products are mainly small or medium sized business and other accounting applications and cloud based version which accept management and payment of bills, business payments, payroll functions, etc.

         In QuickBooks, we use the Pay sales tax window to create the sales tax payments. Intuit offers a new and advance version of sales tax feature in QuickBooks Online. We must record the sales tax payments in the sales tax center when the sales tax feature is enable in QuickBooks Online.

7 0
3 years ago
Sparkling Water, Inc., expects to sell 3.7 million bottles of drinking water each year in perpetuity. This year each bottle will
MrRa [10]

Answer:

$39,345,664.93

Explanation:

The computation of the company worth today is as follows:

Present value of revenues after tax is

= $3,700,000 × 1.46 × (1 - 0.25) ÷ (0.07 - 0.018)

= $77,913,461.54

And, Present value of costs after tax is

= $3,700,000 × 0.82 × (1 -0.25) ÷ (0.07-0.011)

= $38,567,796.61

So, the company worth today is

=  $77,913,461.54 - $38,567,796.61

= $39,345,664.93

3 0
3 years ago
If a transformational leader is supposed to be so smart and visionary, why would he or she emphasize empowerment in his or her l
love history [14]

Explanation:

A transformational leader is the one that identifies where changes are needed and guide this change by motivating and inspiring the group, <em>changing expectations and perceptions in order to achieve a common goal, this common goal is the reason why they enphasize empowerment.</em>

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
Below are several amounts reported at the end of the year. Currency located at the company $ 950 Supplies 2,800 Short-term inves
choli [55]

Answer:

$17,350

Explanation:

Calculation to determine the amount of cash to report in the balance sheet.

Currency located at the company $950

Add Short-term investments that mature within three months 1,850

Add Balance in savings account 8,100

Add Checks received from customers but not yet deposited 550

Add Coins located at the company 100

Add Balance in checking account 5,800

Total Cash $17,350

Therefore the amount of cash to report in the balance sheet is $17,350

8 0
2 years ago
If you were running a company, describe at least two things you would do to improve its productivity. (1-4 sentences.)
irakobra [83]

Answer:

Two ways I would improve productivity would be to increase labor and create incentives. By increasing labor, you'd have more opportunities to keep people at a specified area that they are competent in. If you were to create positive incentives for the workforce, people are more likely to work harder and increase the company's productivity.

Explanation:

6 0
2 years ago
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