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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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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pound
Naily [24]

Answer:

                                                      K1               S5                  G9

                                                       $                    $                 $

Contribution per pound           17.51           5.11      17.99

Explanation:

Contribution is he excess of selling price over variable cost. The following relationships would help in solving the question:

The contribution per Selling price - variable cost

The contribution per pound of a material = Contribution per unit/ Material per unit

                                                      K1               S5                  G9

                                                       $                    $                 $

Selling price                           155.8               108.92          202.55

Variable cost                             <u>(91.00)          ( 90.00)         (136.00)</u>

Contribution per unit                 64.8       18.92          66.55

Material per unit                            3.7             3.4               6.1

Contribution per pound           17.51           5.11      17.99

6 0
3 years ago
Make a list of some typical documentation you would request from a loan applicant and/or the verifications you would perform?
Fudgin [204]

Answer:

a. Items that are important to double check before submitting a loan application to underwriting:

  • Personal ID Documents
  • Proof of Income
  • Personal Credit Bureau Report

b. Things you would be sure to tell a borrower in preparation for closing:

  • Proof of Property Ownership or Guarantee Pledge
  • Contact details of 2-3 relatives or guarantors

c. Calculations that are typically used during the course of a mortgage loan transaction:

  • Loan to Value ratio
  • Debt to Income ratio
  • House expense ratio

Explanation:

3 0
3 years ago
The operations manager suggests a hike in the prices to improve productivity. However, the marketing manager rules this option o
Nadya [2.5K]

Answer:

ORGANIZATION EFFECTIVENESS IS MORE IMPORTANT THAN ORGANIZATIONAL PRODUCTIVITY.

Explanation:

Organizational productivity refers the skills of the company to produce the best results with the lowest costs. In this case the organization effectiveness refers to the skills that the company has to reach is objectives, hiking price increase organizational productivity, however in marketing terms it can be an obstacle to reach company objectives in the market reducing company effectiveness.

8 0
3 years ago
In the current year, Tanager Corporation (a calendar year C corporation) had operating income of $480,000 and operating expenses
Lera25 [3.4K]

Answer:

a.

Total Taxable Income = $105,000

Tax of the year = $24,200

b.

Total Taxable Income = $65,000

Tax of the year = $11,250

Explanation:

a.

Given

Operating Income = $480,000

Operating Expenses = $390,000

Capital Gain = $55,000

Capital Loss = $40,000

From the above

Taxed Operating Income = Operating Income - Operating Expense

Taxed Operating Income = $480,000 - $390,000

Taxed Operating Income = $90,000

Capital Gain (Loss) = Capital Gain - Capital Loss

Capital Gain (Lossl = $55,000 - $40,000

Capital Gain (Loss) = $15,000

Total Taxable Income = Taxed Operating Income + Capital Gain (Loss)

Total Taxable Income = $90,000 + $15,000

Total Taxable Income = $105,000

Calculating Tax of the year...

For $0 to $50,000; the tax is $7,500

For $50,000 to $75,000; the tax is $6,250

For $75,000 to $100,000; the tax is $8,500

For $100,000 to $335,000; the tax is $1,950

Total Tax of the year = $7,500 + $6,250 + $8,509 + $1,950

Total = $24,200

b.

Given

Operating Income = $480,000

Operating Expenses = $390,000

Capital Gain = $15,000

Capital Loss = $40,000

From the above

Total Taxable Income = Operating Income - Operating Expense

Total Taxable Income = $480,000 - $390,000

Total Taxable Income = $90,000

Capital Gain (Loss) = Capital Gain - Capital Loss

Capital Gain (Lossl = $15,000 - $40,000

Capital Gain (Loss) = -$25,000

Total Taxable Income = Taxed Operating Income + Capital Gain (Loss)

Total Taxable Income = $90,000 - $25,000

Total Taxable Income = $65,000

Calculating Tax of the year...

For $0 to $50,000; the tax is $7,500

For $50,000 to $75,000; the tax is $3,750

Total Tax of the Year = $7,500 + $3,750

Total = $11,250

5 0
3 years ago
When did the stock market crash 2008 start?
aniked [119]
Occurred on September 29, 2008

hit pre-recession high on October 9, 2007




more info in link:
https://www.thebalance.com/stock-market-crash-of-2008-3305535
7 0
3 years ago
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