1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lions [1.4K]
3 years ago
5

Fill in the blanks with given options:

Business
1 answer:
labwork [276]3 years ago
4 0

Answer:

1. fall

2. Larger

3. more

Explanation:

The price elasticity is relative measure of change in demand. When the demand of heating oil decreases due to increase in price then the heating oil is considered as price elastic. The elasticity of heating oil is 0.2 in the short run and 0.7 in the long run which means customers respond less in change of demand in short run due to change in price. When the price of heating oil increases, the demand will fall in the short run.

In the short run customers may not find time to respond to the change in price. The change in demand in short run is smaller and change in demand in Long run will be larger.  

The price elasticity of heating oil is more in long run because customer may find alternate sources at a cheaper rate and may switch to it causing a greater fall in demand of heating oil.  

You might be interested in
You can offer investment products and services only if you are a registered representative of Northwestern Mutual Investment Ser
ElenaW [278]

Answer:

The correct answer is (A) True.

Explanation:

Northwestern Mutual Investment Services, LLC products and services are only offered and sold by duly certified and designated entities and financial representatives. Financial representatives may not represent all the entities we show or all the services mentioned on this website. Not all products and services are available in all states.

8 0
3 years ago
The expense recognition (matching) principle, as applied to bad debts, requires: Multiple Choice That bad debts not be written o
Charra [1.4K]

Answer:

The use of the allowance method of accounting for bad debts.

Explanation:

We use the allowance method to match the expected ad debt with the sales or account receivables which generates.

As sales of a givne month can be declared uncollectible after several month using a direct method we are putting the burden of the uncollectible in another accounting period while leaving the one which did that sale untouched.

The allowance makesthe expense in the same time period thus, it follows the recognition principle.

5 0
3 years ago
Read 2 more answers
The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follo
IRISSAK [1]

Answer:

The Draper Corporation would be indifferent between continuing and discontinuing of Doombugs at 20,000 units.

Explanation:

The draper should be indifferent at the level at which they covered all of their Fixed Cost.

The sales price per unit is ⇒ 150,000/15,000 = 10 per unit

The Variable cost per unit is ⇒ 120,000/15,000 = 8 per unit

The Break-even units for Draper should be:

Break-even units = <u>            Fixed Cost              </u>

                                Sale price - Variable Cost

Break-even units = <u>40,000</u>

                                 10-8

Break-even units = <u>40,000</u>

                                    2

Break-even units = 20,000 units

                                   

4 0
3 years ago
Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a 2 percent real return per year. I
egoroff_w [7]

Answer:

a. 23%.

b. Frank should charge Sarah 2% more than the inflation rate.

Explanation:

a. Find the nominal rate of interest.

To find this value we must follow this equation:

NI=RI+IR

Where NI = Nominal Interest, RI= Real Interest, and IR= Inflation Rate.

a.1. Find the real interest rate.

The problem statement gives us this value: 2% real return per year, as agreed by Sarah and Frank.

a.2. Find the inflation rate.

Here we follow this equation:

IR=(\frac{CPI_{F} -CPI_{B} }{CPI_{B} } )*100

Where:

CPI(F) is the CPI of the final year, in this case, it would be 121 (the expected CPI for two years, which is the established loan time).

CPI (B) is the CPI of the base year, that is, the CPI in force at the time that Frank makes the loan, 100 in this case.

We replace these values:

IR=(\frac{121-100}{100} )*100

IR=(\frac{21}{100} )*100

IR=0.21*100

IR=21%

The inflation rate equals 21%.

a.3. Replace in the equation of the nominal rate of interest.

NI=RI+IR

NI=0.02+0.21

NI=0.23

So, the nominal rate of interest Frank should charge Sarah equals 23%.

b. Find out how much Frank should charge Sarah (regarding inflation and considering that it is unknown).

The inflation rate reduces the return expected by Frank. Therefore, the nominal interest rate charged must be higher than the inflation rate, in order to ensure a positive real returns. In this case, since it is not known exactly what that inflation rate is, Frank must charge 2% (expected return) above what the inflation rate can record.

Hence, the short answer is: Frank should charge Sarah 2% more than the inflation rate.

8 0
3 years ago
Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5. 2%
PSYCHO15rus [73]

Premium is often paid by people based on some kinds of services offered.

From the picture attached, we can see Royce' premiums for the previous year, which were;

  • Bodily injury $22.50
  • Property damage $144.75
  • Collision $275.75
  • Comprehensive $100

If you add all together, the total premium of the policy was $543

Note that the premiums will increase by 5.2%,

therefore, the new total premium will be = $543 x 1.052 = $571.24

Learn more from

brainly.com/question/13880376

7 0
2 years ago
Other questions:
  • Becoming informed about economics helps a person understand the
    15·2 answers
  • Multiple Choice Question 115 Sunland Company sells MP3 players for $50 each. Variable costs are $40 per unit, and fixed costs to
    5·1 answer
  • Exercise 7-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2, LO7-3]
    12·1 answer
  • RAM stands for _____.
    8·1 answer
  • Which of the following circumstances is (are) not an acceptance of the goods by the buyer
    12·1 answer
  • Martin, an employee at a boutique store, is required to handle store displays and also ensure that all the sales records tally a
    15·1 answer
  • The inefficiency associated with monopoly is due to a the monopoly's profits. b the monopoly's losses. c overproduction of the g
    9·1 answer
  • Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected re
    7·1 answer
  • The quantity demanded for money is higher in Japan than in the United States because: telecommunications and information technol
    15·1 answer
  • Help will give Brainly points
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!