gross sales are the grand total of sale transactions within a certain time period for a company.
net sales are calculated by deducting sales allowances,sales discounds,and sell returns from gross sales....
Answer:
The answer is: The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.
Explanation:
The price elasticity of demand measures the change in the quantity demanded of a product in relation to a change in its price.
The formula for determining the price elasticity of demand (PED) is:
PED = % of the change in Quantity Demanded / % of the change in price
If a good has a high PED (≥ 1) then it is called elastic, which means that any change in the price will change the quantity demanded in a greater proportion. If a good has a low PED (≤ 1) then it is called inelastic, which means that any change in the price will affect the quantity demanded in a smaller proportion.
Usually goods or services considered luxurious (e.g. gourmet cheese), tend to be very elastic (high PED). While products considered basic necessities (e.g. gasoline) tend to be very inelastic (low PED).
Answer: See explanation
Explanation:
The effect on Dodd's retained earnings as a result of the above transaction will be calculated as:
Common stock = 115000
Percent of stock dividend = 10%
Stock dividend = 10% × 115000 = 11500
Price per share = $30
Stock dividend = $30 × 11500 = $345000
Therefore, there'll be a $345000 decrease on Dodd's retained earnings. The options given are incorrect.
Assuming, the common stock was 120,000, then the answer will have been (120,000 × $3) = $360,000 decrease.
Answer:
Price strategy should be specific to the Target market
Explanation:
Price strategy is decided based on various factors which induce, market conditions, operating decision, taste, and demand/supply and target market. According to the theory of pricing strategy, the operating and market conditions vary based on population, country and cities. The only important factor is the target market and the price strategy must be based on that.
Answer:
The real income of landowners in Belgium would decline.
Explanation: Trade is the buying and selling of goods and rendering of services taking place between two or more parties.
When Organisations merge or when two countries wants to become trade partners, they both will bring parts of their resources or provide one of the factors required where they have a Competitive advantage to the trade or business.
AUSTRALIA WITH ITS LARGE LAND MASS WILL MAKE ITS LAND AVAILABLE TO BELGIUM WHILE BELGIUM WILL MAKE ITS CAPITAL AVAILABLE,THIS WILL MAKE THE REAL INCOME OF LAND OWNERS IN BELGIUM TO DECLINE AS THEIR WILL BE A SHIFT TO AUSTRALIA FOR LAND.