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Mademuasel [1]
4 years ago
12

Christy enjoys baking pies from fresh fruit, especially blueberries, blackberries, and strawberries. When she goes to the market

intending to buy blackberries, she finds the price of blackberries has risen slightly. She decides to buy blueberries or strawberries instead. Christy's demand for blackberries is:
Business
1 answer:
Bess [88]4 years ago
6 0

Answer:

Christy's demand for blackberries is elastic.

Explanation:

Christy purchases blueberries, blackberries, and strawberries. When the price of blackberries rises to a small extent, Christy will instead purchase strawberries or blueberries.  

This shows that the demand for blackberries is elastic. Elastic demand refers to the situation when a small change in price causes the quantity demanded to change to a great extent.

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Match the items below by entering the appropriate code letter in the space provided. Plant assets Book value Salvage value Strai
disa [49]

Answer:

1. Small expenditures which primarily benefit the current period. REVENUE EXPENDITURES

2. Cost less accumulated depreciation. BOOK VALUE

3. An accelerated depreciation method used for financial statement purposes. DOUBLE DECLINING BALANCE METHOD

4. Tangible resources that are used in operations and are not intended for resale. PLANT ASSETS

5. Equal amount of depreciation each period. STRAIGHT LINE METHOD

6. Expected cash value of the asset at the end of its useful life. SALVAGE VALUE

7. Process of allocating the cost of equipment over its service life. DEPRECIATION

8. Material expenditures that increase an asset's operating efficiency, productive capacity, or useful life CAPITAL EXPENDITURES

9. An accelerated depreciation method used for tax purposes. MACRS

10. Useful life is expressed in terms of units of production or expected use. UNITS OF ACTIVITY METHOD

Explanation:

7 0
3 years ago
Smith Company sponsors a defined benefit pension plan. The beginning balance of plan assets is $5 million; the beginning balance
sergejj [24]

Answer:

$330,000

Explanation:

Calculation for the interest cost

Using this is

Interest cost=Beginning balance of the PBO * discount rate

Let plug in the formula

Interest cost=$5.5 million * 6%

interest cost=$330,000

Therefore the interest cost is equal to:$330,000

8 0
3 years ago
Fine Stationery makes personalized stationery of the highest quality. The company maintains a stock of blank note cards, calling
miskamm [114]

Answer:

The manufacturing cycle efficiency is 0.219

Explanation:

In order to calculate the manufacturing cycle efficiency we would have to calculate the following formula:

manufacturing cycle efficiency=value added time/throughput time

value added time= 40 min

throughput time=Process time+Inspection time+movie time+Queue time

throughput time=40+5+15+2+120

throughput time=182 min

Therefore, manufacturing cycle efficiency=40/182

manufacturing cycle efficiency=0.219

The manufacturing cycle efficiency is 0.219

4 0
4 years ago
systems play a key role in helping organizations achieve goals, which are set forth in a(n) statement. Computers can be used by
Sergio [31]

Answer:

The following are those which helps in playing a key role in helping organizations to achieve their goals:

O. Computers can be used by people at all levels of an organization.

O. Workers use information systems to produce and manipulate information.

O. Managers depend on information systems to supply data that is essential for long-term planning and short-term tactical planning.

O. A decision system helps workers and managers make non-routine decisions by constructing decision models that include data collected from internal and external sources.

O.  A(n) engine evaluates the facts and rules to produce answers to questions posed to the system.

O. Using a technique called logic, these systems can deal with imprecise data and problems that have more than one solution.

Explanation:

8 0
3 years ago
Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware
Galina-37 [17]

Answer:

Customer relationship management system​ (CRM)

Explanation:

A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

7 0
3 years ago
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