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
iVinArrow [24]
3 years ago
6

Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou

ld increase sales by
Business
1 answer:
vitfil [10]3 years ago
5 0
Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes. 

If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
You might be interested in
No Edges Left Behind Enterprises has book income of $1,200,000 which consist of income tax expense of $380,000, municipal bond i
damaskus [11]

Answer:

$1,645,000

Explanation:

The computation of the taxable income is shown below:

Taxable income is

= Book income + income tax expenses - muncipal bond interest + (50% ×  meal expenses)

= $1,200,000 + $380,000 - $10,000 + ($150,000 × 50%)

= $1,645,000

We simply recognized only 50% of meal expenses and with the help of above items we calculated the taxable income

6 0
3 years ago
Knowing yourself is the basis for all steps in career planning. is this statement true or false?
Fynjy0 [20]

Of course, the answer for this is <u>TRUE!</u> Career planning needs basis and the best basis you could have is knowing yourself.

How to know yourself as a basis for career planning? You must answer these questions about you:

- Who are you and what do you want to become?

- What are your skills and talents?

- What is your educational background?

- What are your dreams and ambitions?

Among the steps in career planning are:

  1. Assessing your abilities, interests, values, and personality to learn more about yourself.

  2. Knowing what you desire by determining where, how, and how much money you need to live and survive.

  3. Making preparations for an interest-based career will help you get ready for a career.

  4. Discovering job trends, transferrable skills, and professional growth will help you maintain your career.

Learn what mentors should teach a recent graduate about career planning if the recent graduate's mentor is explaining the importance of career planning: brainly.com/question/28275628

#SPJ4

3 0
1 year ago
Quince Holman Corporation reports: Cash provided by operating activities $250,000 Cash used by investing activities 110,000 Cash
mash [69]

Answer:

Holman's ending cash balance is $350,000.

Explanation:

The Ending Cash Balance can be obtained by Preparing a Cash Flow Statement as follows :

<u>Quince Holman Corporation </u>

<u>Cash Flow Statement</u>

Net Cash from Operating Activities                                        $250,000

Net Cash from Investing Activities                                          ($110,000)

Net Cash from Financing  Activities                                        $140,000

Movement during the Year                                                     $280,000

Cash and Cash Equivalents at the Beginning of the year      $70,000

Cash and Cash Equivalents at the End of the year               $350,000

Conclusion :

Holman's ending cash balance is $350,000.

5 0
3 years ago
What is the residual value of a leased vehicle
strojnjashka [21]
The vehicles worth at the end of its lease.
6 0
3 years ago
An estimated demand curve does not necessarily match actual data perfectly because A. it is not possible to accurately calculate
LekaFEV [45]

Answer:

C. some factors that are not measured or observed may affect the curve.

Explanation:

a lot of unforeseen circumstances might occur. these occurrences would not be measured in the estimated demand curve. this would lead to the estimated demand curve not matching the actual demand curve.

for example, the factors affecting the demand for bread are ; price, income, price of a substitutes. these are included in estimating the demand curve for bread. Assume that a study comes out stating that bread is harmful to the health.this reduces the demand for bread. this study wasn't anticipated and included in estimating the demand curve. as a result, the actual data would differ from the estimated data  

5 0
3 years ago
Other questions:
  • Knowledge Check 01 Product A Product B Selling price per unit$20 $15 Variable cost per unit 12 9 Contribution margin per unit$8
    8·1 answer
  • Assume you have a system that does not provide a usleep(unsigned long usec) call to suspend the execution of the thread for a gi
    14·1 answer
  • If you lose your ATM card and the person who finds it withdraws money from your account, you will lose no more than $50 from you
    5·1 answer
  • The communication advantages of social media use by businesses can best be summarized as _____.productivitydistractionself-promo
    8·1 answer
  • Without effective due diligence the
    8·1 answer
  • Which of the following is NOT one the responsibilities of the the Federal Reserve
    11·2 answers
  • In conducting interviews and observing factory operations to implement an activity-based costing system, you determine that seve
    15·1 answer
  • Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand
    9·1 answer
  • The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company.
    6·1 answer
  • If the banking system has demand deposits of $100,000, total reserves equal to $15,000, and a required reserve ratio of 10 perce
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!