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padilas [110]
3 years ago
6

A local paintball business receives total revenue of $10,000 per month when it charges $12 per person, and $15,000 in total reve

nue when it charges $8 per person. Over that range of prices, the business faces elastic, unitary, or inelastic demand?
Business
1 answer:
bija089 [108]2 years ago
6 0

Answer:

Elastic

Explanation:

For determining whether the business faces elastic, unitary, or inelastic demand, first we have to find out the change in price and change in quantity percentage which is shown below:

Quantity would be = $10,000 ÷ $12 = 833

                               = $15,000 ÷ $8 = 1,875

Now change in quantity would be

= ($1,875 - $833) ÷ ($833) × 100

= 125%

And the change in price would be  

= ($8 - $12) ÷ ($12) × 100

= -33.33%

As we can see that price is decreased by 33.33% which increases the revenue by 125% reflect the high change so the demand is elastic. If the change in price impacts the demand by less change then the demand is inelastic.  

And, if the price and demand are equal with respect to change then it would be unit elastic

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Rus_ich [418]

Answer:

A. $450

Explanation:

In 2014, the Medicare surtax for high-income taxpayers started when married couples filing jointly earned over $250,000. in this case, Christine and Doug made $300,000, so the surtax = ($300,000 - $250,000) x 0.9% = $450

The Medicare surtax income threshold has not been adjusted to inflation and remains at the same level for 2020.

Total medicare contributions for high income taxpayers = 1.45% + 0.9% = 2.35%

3 0
2 years ago
Sales management at universal containers wants product managers to become more involved with sales deals that are being delayed
pickupchik [31]
If these were the given choices and I had to choose 2 answers.
<span>A. Use an assignment rule to notify product managers when opportunities are updated.
B. Create a Chatter group to share product information with the sales team, product managers, and customers. 
C. @mention product managers in Chatter posts on relevant sales deals. 
D. Add the opportunity team, product managers, and customers to libraries containing files relevant to sales deals.

My answers are:
</span>B. Create a Chatter group to share product information with the sales team, product managers, and customers. 
C. @mention product managers in Chatter posts on relevant sales deals.<span> 
</span>
Chatter group is real time. It is faster and more convenient to discuss product details that are needed to boost sales. Rather than looking for a product manager, one can simply post questions and clarifications on the chatter group and everybody can see the answers. It reduces redundancies. 
6 0
3 years ago
A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $50
Artyom0805 [142]

Answer:

a. $(8000)

b. Company should choose alternative 1 and make bottles.

Explanation:

Particulars               Make Bottles            Buy Bottles  Differential

                                Alternative 1             Alternative 2

Purchase Price                  0                       $37                               $(37)

Freight Charges                 0                       $4                                $(4)

Variable cost                    $33                                                          $33

Fixed Cost                        $17                     $17                                  0

Cost per unit                    $50                    $58                              $(8)

Income / (Loss)                 $50,000            $58,000                      $(8,000)

b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.

7 0
3 years ago
A newly issued bond has a maturity of 10 years and pays a 7.7% coupon rate (with coupon payments coming once annually). The bond
Sliva [168]

The convexity of the bond is 61.810 and the duration of the bond is 7.330 years.                                                                                                      

<u>Explanation</u>:

  • A newly issued bond has a maturity of 10 years. It pays a 7.7% coupon rate. The coupon payments will receive each year. Using the coupon payments the year will be reduced.
  • The maturity year will get reduced. So the duration of the bond is approximately 7.330 years. If the bond is sold at par value the convexity can be calculated using the number of years.
  • So the convexity of the bond is 61.810.                                                                            

3 0
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larisa86 [58]

Answer:

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Explanation:

22400 beginning  60% materials 20% conversion

140,000 started

33600 ending 90% materials 40% conversion

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DL 26,610

MO 20,110

Conversion Cost  46,720

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DM 618,800

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MO 513,600

Conversion Cost 754,930

Equivalent units Materials

22,400 * .4     8,960

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33,600 * .1    (3,360)

                  145,600

DM Cost per Equivalent unit: 4.25

7 0
3 years ago
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