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3 years ago

Help with Economics Unit 2 Portfolio?

1 answer:

7 0

<span> 1. Why are sports teams considering switching to a variable-pricing strategy for tickets?

Answer: The sports teams consider switching to variable pricing strategy since this strategy was proven to be effective by the application of other industries

</span><span> 2. How will the change in prices affect demand for each product?

Answer: The change in prices is indirectly proportional to the demand for each product. Since the decrease in price increases the demand for the product. </span>

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Would it be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration?

11111nata11111 [884]

Yes, It would be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration.

Since managers are charged with maximizing the potential of their own units, it is crucial to frequently assess their performance in the workplace.
Target measurements can be used to assess managers of investment centers' performance.
Businesses typically have a target or targeted rate of return they would like to reach in order to assess a project's viability.
It is profitable for the firm as a whole to move forward with the project in this case because the project's projected return of 18% is higher than the company's desired rate of return of 16%.

To learn more about investment visit:

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4 0

2 years ago

A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a yea

iren [92.7K]

Answer:

$52,000 is the correct answer.

Explanation:

8 0

3 years ago

Based on the following information, determine the amount of equipment on the balance sheet. Total liabilities and owner's equity

hammer [34]

Answer:

$9,950

Explanation:

The amount of equipment shall be determined through accounting equation which is given as follows:

Total Assets=Total liabilities+Total equity

Total assets=Current+Non current assets

Current assets+Non current assets=Total liabilities+Total equity

Non current assets=Cost of land+Cost of equipment-accumulated depreciation on equipment

Current assets+Cost of land+Cost of equipment-accumulated depreciation on equipment=Total liabilities+Total equity

Applying given data in the question to the above equation

$19,800+$15,000+Cost of equipment-$1,550=$44,750

$33,250+Cost of equipment=$44,750

Cost of equipment=$44,750-$33,250=$11,500

Amount of equipment on balance sheet=$11,500-$1,550=$9,950

6 0

3 years ago

Read 2 more answers

Suppose the cross-price elasticity of demand between goods X and Y is 4. How much would the price of good Y have to change in or

boyakko [2]

Answer:

Increase by 5%.

Explanation:

Given that,

cross-price elasticity of demand between goods X and Y = 4

Percentage increase in consumption of good X = 20 %

cross-price elasticity of demand = Percentage change in quantity demanded for good X ÷ Percentage change in price of good Y

4 = 20 ÷ Percentage change in price of good Y

Percentage change in price of good Y = 20 ÷ 4

= 5%

Therefore, the price of good Y must be increase by 5% in order to increase the consumption of good X by 20 percent.

3 0

3 years ago

Resort Hotel Company replaces Sharon, a forty-five-year-old employee, with Terry. Sharonfiles a suit against the employer under

Alenkinab [10]

Answer:

D. Qualified for the Position

Explanation:

Prima Facie Evidence

Prima Facie evidence is evidence that is sufficient to establish a fact or prove a proposition unless otherwise refutted.

Age Discriminationi in Employment Act

The age discrimination in Employment Act in the US was established as a labour law in 1967 and it was established to ensure that anyone who is at least 40 years of age does not suffer from employment discrimination.

The fact that Sharon is a forty-five year-old employee means she is qualified to file a suit against her employers under the Act. However, as previously stated before it can be established whether she deserves a higher pay or more dependable than her replacement or was discriminated against because of age, Sharon will need to establish the fact that she's qualified for the position taken away from her.

If she cannot prove that proposition or it ends up being refutted by the organisation, then the Age Discrimination in Employment Act cannot be invoked.

5 0

3 years ago