It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.
<h3>What is elastic demand?</h3>
An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.
An inelastic demand entails change in quantity demanded due to a change in price is small.
Learn more about elastic demand at;
brainly.com/question/24384825
Answer:
<h2>In this case,the correct answer would be option b) given in the answer choices or More time to explore new revenue generation activities.</h2>
Explanation:
- From an economic or business perspective, outsourcing of operational activities or conducts refer to assigning the business functions, activities, projects, assignments etc. to any third party or external agency with a view to enhance work productivity and minimize overall average operational costs or expenses.
- The third party or the external entities involved in the outsourcing activities are typically not part of the parent or main company or are not commercially affiliated with the parent or main company.
- One of the advantages of outsourcing to the company executives is to be able to assign some of the major and time consuming business activities to outsourced companies or entities and focus more on other mediums or sources of revenue generation for business. It might include introduction of new product or service lines, restructuring of the internal organizational settings or venturing new markets to capture higher consumer or client base. Hence, higher work or labor division through outsourcing activities can provide more time and opportunity for executives to focus more on other revenue generating endeavors.
To help you i am going to need you to get more information. For example find a source of an article and find out their latest news. Fashion For example is easy just look at some of the newest trends an you can add in how famous people were these new types of fashion and styles. To write an article you need to get information! find websites and clothing lines of your choice. You can use anything you'd like. Just get the evidence to support it
Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r
Answer: Cost of keeping old machine is $469,000
Cost of Purchasing New Machine is $271,000
Explanation:
Keeping the old machine.
When calculating the cost of keeping the machine you use the disposal value.
Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime
Cost = ( 88,000 - 15,000) + ( 36,000 * 11 years)
Cost = 73,000 + 396,000
Cost = $469,000
Cost of keeping old machine is $469,000.
Cost of New machine
Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime
Cost = (239,000 - 76,000) + (12,000 * 9)
Cost = 163,000 + 108,000
Cost = $271,000
Cost if New machine purchased,
= $271,000
