Answer:
The answer is C. decrease the number of skis sold
Explanation:
This satisfies the popular law of demand which states that other things being equal, the higher the price the lower the quantity demanded and vice-versa.
Ski lift is a normal good which also satisfies the law of demand. The elasticity of demand is elastic meaning 1% increase in price will lead to a significant decrease in quantity demanded.
<span>The 4Ps of marketing are Price, Product, Promotion, and Place. The 4Ps of marketing is also called the marketing mix in marketing procedure. It is the group of control, tactics and marketing tools that a company used to achieve their their product goal. It is a combination of everything that a company can do to influence demand for its product.Hope it helps.</span>
Answer:
Those who sell their goods and services abroad benefit from devaluation.
Explanation:
The firms and people who sell their goods and service abroad benefit from a US Dollar devaluation. Since their products are sold abroad, a devaluation increases the competitiveness of their offer compared with other countries, making more attractive their offer because they sell the same quality and value at a lower price
Answer:
a. Particulars Amount
Gross sales $925,000
Less: COGS <u>$490,000</u>
EBITDA $435,000
Less: Depreciation <u>$120,000</u>
EBIT $315,000
Less: Interest on notes payable <u>$8,800 </u> (220000*4%)
EBT $306,200
Less: Tax (35%*306200) <u>$107,170</u>
Net Income <u>$199,030</u>
<u />
b. Operating cash flow = Net income + Depreciation
Operating cash flow = $199,030 + $120,000
Operating cash flow = $319,030
