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3 years ago

If total revenue rises as a result of a decrease in the price of a given good, it follows that demand is

1 answer:

5 0

The answer is elastic. Elastic demand is when the price of a product or other elements have a big outcome on the number consumers want to buy. It is most frequent when customers respond to price fluctuations. If the price goes down by a slight amount, they'll buy in bulk. But if the price rises just a jiff, they'll stop buying bulks and wait for the price of the product to return to normal. Price is included in the five determinants of demand. If a good or service has an elastic demand, it means consumers will do a lot of judgment shopping. That is because they are not frantic to have it, they do not need it everyday living or there a lot of similar options.

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Media richness most directly refers too

Marat540 [252]

The media richness most directly denotes to the number of helpful cues and abrupt feedback a medium provides or the data carrying capacity of a communication medium. In addition, the early computer-mediated communication theory named the media richness theory absorbed on categorizing each medium conferring to the difficulty of the messages it handles proficiently.

4 0

2 years ago

Explain the difference between a checking and a savings account

lianna [129]

Answer: Heyaa! :)

Saving Account

→ income not spent, or deferred consumption. Methods of saving include putting money aside in

Checking Account

Offers easy access to your money for your daily needs ←

The main difference between checking and savings accounts is that checking accounts actually used on the daily while savings accounts are primarily for saving money.

Hopefully this helps you !

- Matthew ~~

6 0

1 year ago

You work on the marketing team for a software development company. You have sales representatives in different locations around

seropon [69]

Answer:

b. a wiki

Explanation:

A Wiki is an electronic communication tool that works with resources similar to a website, but with the differential of the possibility of jointly editing authorized users while accessing the content, for updates, implementation of new information, resources, etc.

This tool would be essential for the marketing team with global sales representatives, because through it it would be possible to demonstrate the new resources through the sharing of information and exclusive materials made available through the wiki that can be accessed from any location and at any time.

4 0

3 years ago

Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat

ra1l [238]

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

Now let determine the Ending inventory

Ending inventory=300 units x $4.00

Ending inventory = $1,200

Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

5 0

2 years ago

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me

vazorg [7]

Answer:

Budgeted amounts: June July August

1. Purchases $1,480,000 $1,570,000 $1,220,000

2. Cost of goods sold $1,240,000 $1,770,000 $1,190,000

Explanation:

The computations are shown below:

Budgeted amounts: June July August

Ending accounts payable $130,000 $300,0000 $120,000

Payments on account $1,500,000 $1,400,000 $1,400,000

Subtotal $1,630,0000 $1,700,000 $1,520,000

Beginning accounts payable ($150,000) ($130,000) $300,000)

Purchases $1,480,000 $1,570,000 $1,220,000

Budgeted amounts: June July August

Beginning inventory $260,000 $500,000 $300,000

Purchases $1,480,000 $1,570,000 $1,220,000

Cost of goods available for sale $1,740,000 $2,070,000 $1,520,000

Ending inventory (500,000) (300,000) (330,000)

Cost of goods sold $1,240,000 $1,770,000 $1,190,000

7 0

2 years ago