1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scZoUnD [109]
3 years ago
5

A company increases the price of its clock radios by 10 percent and the company's total receipts fall significantly. What term b

est describes the demand for its product
Business
1 answer:
Galina-37 [17]3 years ago
3 0

Answer:

Price elasticity of demand Relation

Explanation:

The reason is that the price and demand are inversely proportional to each other. If the price of the product increases the demand of the product will decrease and vice versa. So this means that if the organization wants to generate maximum profit then it will have to set a price that generate maximum demand which means which generates maximum profit. The Bugatti is very expensive and the result is that very fewer people own it in the world but the Mercedes with an above average price has customers in millions, Honda has more than million customers because it is priced average. So the thing is that the pricing matters in deciding how much of the total customers you want.

You might be interested in
A home furniture store, David's Furnishings, lowers its prices below those of
blagie [28]

Answer:

D

Explanation:

8 0
3 years ago
Read 2 more answers
Oriole Company purchased equipment for $41600. Sales tax on the purchase was $2496. Other costs incurred were freight charges of
Aleksandr [31]

Answer:

The cost of the equipment is <u>$45,416</u>.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

Sales tax on the purchase = $2.496.

Freight charges = $624

Installation costs = $696.

Substituting the values into equation (1), we have:

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is <u>$45,416</u>.

5 0
3 years ago
Explain the importance of thoroughly checking your SAR and what steps you can
melisa1 [442]

Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."

Generally, the financial aid awards depend on the accurate details given in the SAR report.

However, should there be an error in the SAR report, here is the step you can take:

Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.

The FAFSA form can be filled online.

SAR is an acronym for Student Aid Report.

Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.

Learn more here: brainly.com/question/24801462

5 0
3 years ago
Identify whether the following paragraph uses a direct, indirect, or semi-indirect organizational pattern.
Anna007 [38]

Answer:

Correct answer is B that is <u>Indirect Organizational Pattern</u>

6 0
3 years ago
Read 2 more answers
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
jek_recluse [69]
A and then d i’m pretty sure
7 0
3 years ago
Other questions:
  • The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh
    8·1 answer
  • "what are the key steps in retirement planning
    12·1 answer
  • Select the correct answers from the drop-down menus,
    8·1 answer
  • The Dlabay Company had a quick ratio of 1.4, a current ratio of 2.75, an inventory turnover of 6 times, total current assets of
    15·1 answer
  • Schwartz Industry is an industrial company with 102.6 million shares outstanding and a market capitalization​ (equity value) of
    15·1 answer
  • At the beginning of the accounting period, Nutrition Incorporated estimated that total fixed overhead cost would be $50,600 and
    12·1 answer
  • Why can a price discriminating monopolist be both more profitable and more efficient (i.e., produce greater net benefits for soc
    11·2 answers
  • John wants to purchase a new motorcycle that costs $10,000 in five years. If John wants to have $10,000 in five years, how much
    8·1 answer
  • Which market characteristic could best be described as market participants focusing production on a selection of goods and servi
    8·1 answer
  • Marie purchases a test to use for customer service representative applicants. The vendor that sells her the test explains that t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!