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Rashid [163]
3 years ago
15

Rising peanut prices have forced peanut butter makers to raise the price of a jar of peanut butter from $2 to $3 per jar, causin

g quantity demanded to fall. In addition, sales of jelly also dropped by 15%. Using the midpoint method, calculate the cross elasticity of demand between peanut butter and jelly.
Business
1 answer:
Vanyuwa [196]3 years ago
7 0

Answer:

37.5%

Explanation:

The percentage change in the price of a jar of peanut butter, using the midpoint method, is:

P_B = \frac{3-2}{\frac{3+2}{2}}*100=40\%

The percentage change in sales of jelly is 15%.

The cross elasticity of demand between peanut butter and jelly is:

E = \frac{15\%}{40\%}*100\%\\E=37.5\%

The cross elasticity of demand is 37.5%

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irakobra [83]

Answer:

A) Polonova has a strong sense of personal ambition and independence.

Explanation:

From the question we are informed Rainbow Corp. who hires a new secretary, Polonova, who differs from the vast majority of the company's employees in terms of her ethnicity. The company has a collectivist culture with a culturally diverse workforce and several policies to support the minorities. Yet, after a few weeks, she quits the company. In this case, she quit because Polonova has a strong sense of personal ambition and independence.

Personal Ambition can be regarded as strong desire as well as aspiration to work towards acheiving something or goals which requires alot of dedication and extra work. Personal independent also require the ability of someone to independently carry out some task productivity with freedom of choice in an organization.

4 0
3 years ago
If the supplies on hand at the end of January totaled $500 and the Supplies on Hand account before adjustment is $900, what shou
Natali5045456 [20]

Answer:

The adjustment at month-end is :

Supplies Expense $400 (debit)

Supplies $400 (credit)

Explanation:

The Supplies Account is an asset Account that decreases as the supplies are used in the business.

The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :

<em>Supplies Expense $400 (debit)</em>

<em>Supplies $400 (credit)</em>

4 0
3 years ago
What is the book of first entry​
taurus [48]

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Journals

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“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"

3 0
3 years ago
Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in n
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Answer:

B. $6,448,519

Explanation:

The computation of the present value of this growing annuity is given below:

PVA = [Cash flow at year 1 ÷ (interest rate - growth rate)] × {1 - [(1 + growth rate) ÷ (1 + interest rate)^number of years}

= [$675,000 ÷ (0.18 - 0.13)] × [1 - (1.13 ÷ 1.18)^15]

= $6,448,519

Hence, the correct option is b.

4 0
2 years ago
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SpyIntel [72]

Answer:

Manager gives a subordinate an unwarranted compliment instead of honest criticism.

Explanation:

Filtering is when the sender manipulates the information so its received more favorably. A compliment instead of an honest critique is an example of this. It doesn't help the employee improve.

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