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Amiraneli [1.4K]
4 years ago
6

The Wall Street Journal magazine offers a significant discount to students who purchase a one-year subscription. If the reason f

or the discount is price discrimination, we can conclude that:
Business
1 answer:
Over [174]4 years ago
7 0

The Wall Street Journal magazine offers a significant discount to students who purchase a one-year subscription. If the reason for the discount is price discrimination, we can conclude that:

Options:

a. students have a more elastic demand for newspapers than does the general public.

b. students have a less elastic demand for newspapers than does the general public.

c. there is no difference between a student's elasticity of demand for newspapers and any other person's elasticity of demand.

d. students have a perfectly inelastic demand for newspapers.

Answer:

a. students have a more elastic demand for newspapers than does the general public.

Explanation:

We can make this conclusion ased on the information we have about elastic demand.

A more elastic demand means that a consumer (in this case the students), are more sensitive to price and so desire things (the magazine) more as they become less expensive. In other words, their demand can quickly change negatively if there's a degree change in price.

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The following budget information is available for Crescent Company for January Year 2: Sales $ 800,000 Cost of goods sold 540,00
saw5 [17]

Answer:

$232,500

Explanation:

The computation of the amount of expected cash outflows for selling and admin expenses is shown below:

Utilities expense  $2,500

Administrative salaries $100,000

Sales commission ($800,000 ×  5%) $40,000

Advertising $20,000

Rent on administrative building $60,000

Miscellaneous administrative expenses $10,000

Total budgeted cash sales and administrative expenses $232,500

We added those expenses which affect the cash balance i.e decrease in cash balance so that the correct amount could arrive

All other items are not relevant. hence,ignored it

8 0
3 years ago
Precision Tool requires a 12 percent rate of return and uses straight-line depreciation to a zero book value over the life of it
7nadin3 [17]

Answer: -$273,747.85

Explanation:

EAC of machine = Net Present Value / Present value interest factor of Annuity(PVIFA)

Net Present value = Present value of cashflow - Initial investment

= -26,300 * PVIFA, 12%, 5 years - 892,000

= -26,300 * 3.6048 - 892,000

= -$986,806.24

EAC of machine = -986,806.24/ 3.6048

= -$273,747.85

6 0
3 years ago
Geoffrey is waiting for raw materials to be delivered to his company. He had asked the suppliers to deliver the materials by 8:0
almond37 [142]

Answer:

Government policies specific to the entrepreneurs business is the answer. This is the only external factor.

Explanation:

5 0
3 years ago
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True or False: When writing a check, it is not necessary to write the amount of the check in numbers and words.
lilavasa [31]

Answer:

false

Explanation:

3 0
3 years ago
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What are experiences best described as?
Andrej [43]
Experiences is best described as the collection of things a person has done. Explanation: Experience is knowledge in a particular job or activity that you have gained because you have done that job or activity for a long time.
8 0
3 years ago
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