Answer:
Increasing the sales price is a bad idea since total revenues will decrease.
Explanation:
The question is incomplete since we are not given the information about other costs, but we are given enough information to calculate the price elasticity of demand:
PED = % change in quantity demanded / % change in price = -12% / 7.5% = -1.6 or |1.6| in absolute terms.
Since the PED is |1.6|, it is price elastic. This means that a change in price will result in a proportionally larger change in quantity demanded. E.g. assume original price is $100 and the original quantity demanded is 100. Total revenue = $10,000. If the price increases to $107.50, the quantity demanded will decrease to 88, resulting in a total revenue of $9,460.
The campaign type that is good for Mimi is the Search
Network only – all features. For this will be directed to people who are
searching for the baked good related in which will feature her ad of which
shows her baked goods during the hours of open business.
Answer:
Role of management accounting :
1. provide internal information on operations
2. help in decision making
Utilization of management accounting principles
1. make or buy decisions
2. continuing or discontinuing of operations
Useful managerial Accounting Activities
1. planning
2. deciding on the alternative causes of action
Explanation:
Role of Management Accounting is to provide managers with information related to their operations.This includes the costs and revenue incurred, the deviations from the planned costs and revenue and profit targets.
This information would help to control costs and revenues or make certain decisions of continuing or discontinuing operating of a product or segment.
Thus managerial accounting activities that are useful are planning, deciding on the alternative causes of action, implementation, monitoring and control
Answer:
$5,775
Explanation:
The computation of the interest payment is shown below:
= Note payable amount × rate of interest × number of months ÷ total number of months in a year
= $110,000 × 9% × 7 months ÷ 12 months
= $5,775
We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense
And, the seven months is calculated from June 1, 2013 to December 31, 2013
Answer:
job preview
Explanation:
when Randy apply supermarket for butcher's assistant position
and after complete process, manager aware him about responsibilities of assistant
but after all that process he feel sick and say to manager that he is not get this job
so we can this is job preview because job preview is that process which occurs during the hiring of an employee and which clearly highlights all the pros. and cons. of the job profile and giving candidate the most accurate information about the job.