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Temka [501]
4 years ago
10

We would expect: a. the demand for Coca-Cola to be less price elastic than the demand for soft drinks in general. b. the demand

for Coca-Cola to be more price elastic than the demand for soft drinks in general. c. no relationship between the price elasticity of demand for Coca-Cola and the price elasticity of demand for soft drinks in general. d. none of these to hold true.
Business
1 answer:
givi [52]4 years ago
7 0

Answer: Option B

             

Explanation: In simple words, price elasticity refers to the degree of change that a commodity experiences due to change in its price.

   In case of coca- cola, the price elasticity will be high as it has a close substitute available in the market named Pepsi. Therefore, if coca-coal increases its prices,its consumers would shift their demand to Pepsi.

  Thus,from the above we can conclude that the correct option is B.

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Which of the following statements is true of a linear cost​ function? A. It presents total cost as an intercept. B. It presents
mixer [17]

Answer:

Option B It presents variable cost as a slope coefficient

Explanation:

The reason is that the total cost function is:

Y = a + bx

The total cost in this case is Y, a is fixed cost as an intercept, b is variable cost represented as an slope and coefficient and x is level of activity which is independent of Y.

So the right answer is option B.

8 0
3 years ago
National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales
zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0
3 years ago
Which of the following is a likely cause of​ globalization? A. Trade barriers have been added worldwide. B. Developing economies
Vesna [10]

Answer: Option B

Explanation: Globalization refers tot he process under which certain business entities starts operating their business in many different countries of the world.

One of the major reasons behind the increasing globalization is the condition in developing nations. The developing nations like India and Pakistan have a large population with a strong purchasing power, but due to lack of technology and capital these economies lack competitive producers.

Therefore, every second business firm with sufficient resources wants to operate in these economies for profit maximization.

4 0
3 years ago
On december 1, watson enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with erikson co
avanturin [10]
<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note: 1.Debit Accounts Payable $24,000 2.credit Notes Payable $24,000.</span>
4 0
4 years ago
Speedy Bikes could sell its bicycles to retailers either assembled or unassembled.
Feliz [49]

Answer:

Speedy Bikes

a. Incremental Analysis for the sell-or-process-further decision:

                                                       Cost of an              Cost an    Difference

                                                   unassembled bike  assembled bike

                                                     Alternative 1          Alternative 2 Increment

Sales price of unassembled bike      $450                     $495           $45

Manufacturing cost per unit              $290                      $312            (22)

Net operating income                        $160                       $183           $23

b. Speedy should process the bikes further.

c. It will generate an incremental net operating income of $23 per bike.

Explanation:

a) Data and Calculations:

                                                       Cost of an              Cost an

                                                   unassembled bike  assembled bike

Direct materials                                    $150                      $155

Direct labor                                               70                         80

Variable overhead (70% of direct labor) 49                         56 ($80 * 70%)

Fixed overhead (30% of direct labor)      21                          21

Manufacturing cost per unit               $290                      $312

7 0
3 years ago
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