The firm's findings are best described as the

If the price elasticity of demand for apples is 1.20 (absolute value), then the demand is _____ and total revenue will ______ if

Ludmilka [50]

Answer:

The correct answer is: price elastic; increase.

Explanation:

The price elasticity of demand for apples is 1.2.

This implies that the demand relatively prices elastic.

Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.

A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.

3 0

3 years ago

Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500

sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................41,400

Taxable income $ 14,000...............16,800

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................10,920

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................41,400

Taxable income $ 14,000...............16,800

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................10,920

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Pay out ratio is 31.87% of Net income which is derived by Dividends/Net Income

4 0

3 years ago

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 per

katovenus [111]

Answer:

Explanation:

Forecast usage = 50 %

Actual Usage = 52%

smoothing constant = 0.10

⇒ 50 + 0.10 (52 - 50)

⇒ 50 + 0.10 (2)

⇒ 50 + 0.2 = 50.20

8 0

3 years ago

A news story on the bonuses received by executives of a bank that received bailout money from the federal government is an examp

alekssr [168]

A news tale on the bonuses received by means of executives of a financial institution that obtained bailout money from the federal authorities is an example of publicity.
it is gaining public visibility or cognizance for a product, service or your business enterprise through the media. it's miles the publicist that contains out exposure, while PR is the strategic control feature that helps a company speak.

3 0

3 years ago

When quantity demanded is greater than quantity supplied, the resulting shortage causes the price to fall?

anygoal [31]

No, the price will rise because more people are competing for the products

5 0

3 years ago