Targeted levels of customer service
Answer:
(C) perfectly inelastic.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is perfectly inelastic if a change in price has no effect on quantity demanded. Quantity demanded remains unchanged no matter the change in price.
Water is assumed to be a necessity so demand would not change no matter the change in price.
Demand is inelastic when a change in price has little or no effect on quantity demanded.
Demand is elastic when a change in price has a greater effect on the quantity demanded.
Demand is unitary elastic when a change in price has an equal erfect on quantity demanded.
I hope my answer helps you
Answer:
The statement is: True.
Explanation:
A common-cause variation shows changes because of unknown reasons within a series of undifferentiated produced items. The method aims to measure the accuracy of the manufacturing process given expected factors that could bring fluctuations in the output. Common-cause variations can be attributed to natural reasons such as employees' fatigue or distraction.
Answer:
$15,000
Explanation:
The computation is given below:
The goods available for sale is
= $40,000 + $480,000
= $520,000
And the sales is $620,000
So, the gross profit
= $620,000 × 25%
= $155,000
So, the cost of goods sold is
= Sale - Gross profit
= $620,000 - $155,000
= $465,000
Now the ending inventory is
= $520,000 - $465,000
= $55,000
And, the reimbursement amount is
= ($55,000 - $5,000) × 70%
= $35,000
So, the loss from the explosion is
= $55,000 - $5,000 - $35,000
= $15,000
Answer:
Profit margin= 2%
Debt to capital= 0
Explanation:
We can find out Profit margin through the formula of ROA
Return on Assets= Asset turnover* Profit margin
We have been give ROA, and ATO
ROA=3%
ATO=1.5X
So, 3%=1.5*X
X=2%
Profit margin is 2%
Now debt to capital
It can be calculated from the Dupont analysis which is
ROE=ROA*Equity multiplier
Equity multiplier is Assets/Equity
so,
3%=3%*x
EM= 1
Now, Equity multiplier tells us how much our assets are financed through equity so if it is 1, means Assets/Equity =1
So, Assets= Equity
So, all the assets are financed through equity. None of the assets are financed through debt. So, it suggest debt is 0
Debt to capital = Debt/Capital = 0/capital = 0