Answer:
A ). Look at competitors' sales and profitability
Explanation:
A new business is a fresh entrant in the market. It does not have records to use in projecting future sales. The company will operate in a competitive industry. To be able to predict its sales, the business will have to rely on data from other firms in the industry.
A study of its competitor's sales and profits will provide the business with a clear picture of what to expect. The new entrant figures should not vary with its competitors with huge differences.
Using guesswork is will probably mislead the directors of the business. Most likely, they will get over-ambitious, which will frustrate them when they begin operations. As they are new, they cannot use the previous year's receipts.
Answer:
The correct answer is: a 10% increase in the price of cantaloupes will increase the quantity demanded of water melons by 11%.
Explanation:
The produce manager of a large grocery store is informed that the cross-price elasticity of demand between cantaloupes and water melons is 1.10.
The cross-price elasticity of demand is a measure to calculate the change in demand for a commodity due to a change in the price of another commodity.
It is calculated as a ratio of the percentage change in demand and percentage change in price.
A positive price elasticity implies that the two goods are substitutes. An increase in the price of one good leads to an increase in the demand for another.
The cross elasticity can be calculated as,
= 
Let's assume that the price of cantaloupes increases by 10%.
Then,
1.10 = 
ΔQy = 11
So we see that a 10% increase in the price of cantaloupes will cause the demand for water melons to increase by 11%.
Answer:
correct answer A. 415
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<em>Multiples choices for the question : a. 415 b. 300. c. 290 d. 335</em>
Explanation:
The law of demand explains the relationship between the price of a product and the quantity demanded. According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.
If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand. From the choices available, option A is higher than the current sales of 335. The reduced price will increase demand, pushing the sales higher.
When the aggregate demand curve shifts rightward, this will increase Economia's real output and the price level.
<h3>What happens when the aggregate demand shifts rightward?</h3>
The aggregate demand curve is a curve that shows the total quantity of all goods and services demanded by the economy at different price levels. The aggregate demand curve slopes downward.
When aggregate demand curve shifts to the right, there would be an increase in the real output and the price levels.
To learn more about the demand curve, please check: brainly.com/question/25140811
Answer:
A. $302,000
Explanation:
The computation of the net income under accrual basis accounting is shown below:
= Billed in revenues on credit - incurred expenses
= $496,000 - $194,000
= $302,000
The prepaid expenses and the received amount would not be considered in the computation part. Hence, ignored it
Only revenues on credit and incurred expenses are considered in the computation part. No other item values would be taken.
