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evablogger [386]
3 years ago
14

When joe's coffee nook raised the price of a latte, joe noticed a substantial change in his daily latte sales. a price reduction

caused his sales to increase. from this information, you can assume the demand for lattes is ________. asymmetrical elastic supply-driven static inelastic?
Business
1 answer:
Andreas93 [3]3 years ago
5 0
<span>When Joe's coffee nook raised the price of a latte, Joe noticed a substantial change in his daily latte sales. A price reduction caused his sales to increase. F
From this information, you can assume the demand for lattes is elastic.

Elasticity of demand refers to to whether or not price and other factors have an effect on the quantity of something sold or not sold. This is most common when trying to evaluate what would happen when the price of an item changes. 
</span>
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The last custodian of the petty cash fund was hospitalized and you have been asked to take stock of the fund and replenish it. W
Arlecino [84]

Answer:

                               General Journal

Accounts Titles and Explanation          Debit     Credit

Office supplies                                        $295

Advertising expense                               $120

Transportation expense                          $75

<em>Cash short and over                                $11 </em>

Cash ($800 - $299)                                                 $501

(Being replenishment of fund recorded)

5 0
3 years ago
Can someone please help
snow_lady [41]

the answer is true because of the competition

8 0
4 years ago
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Disney employed ________ marketing strategy for its Disneyland Paris, particularly when it came to the eateries in the park. The
jek_recluse [69]

Answer:

Multidomestic

Explanation:

Multidomestic marketing strategy is one where a company modifies it's products to meet the local needs of the country in which it is located. For example introducing a particular flavor of a drink that is well accepted in a country.

Companies that practice multidomestic strategy tend to have many differentiated products to serve different countries.

In this instance Disney featured recipes that were revised for local tastes, alcoholic beverages (not permitted in previous parks), and increased outdoor seating.

8 0
4 years ago
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What is the present value of $2,025 per year, at a discount rate of 7 percent, if the first payment is received 6 years from now
Marysya12 [62]

Answer:

The correct answer is $20,369.65.

Explanation:

According to the scenario, the computation of the given data are as follows:

Payment (pmt) = $2,025

Discount rate ( rate) = 7%

Time period ( Nper) ( 6 -23 years) = 18 years

So, we can calculate the Present value by using financial calculator.

Attachment is attached below.

So, Present Value = $20,369.65

7 0
4 years ago
Describe the differences between power and authority.
Arisa [49]

Answer:

Power is an entity's or individual's ability to control or direct others, while authority is influence that is predicated on perceived legitimacy.

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3 years ago
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