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Black_prince [1.1K]
2 years ago
10

If the price of walnuts rises, many people would switch from consuming walnuts to consuming pecans. But if the price of salt ris

es, people would have difficulty purchasing something to use in its place. These examples illustrate the importance of a. the availability of close substitutes in determining the price elasticity of demand. b. a necessity versus a luxury in determining the price elasticity of demand. c. the definition of a market in determining the price elasticity of demand. d. the time horizon in determining the price elasticity of demand.
Business
1 answer:
lilavasa [31]2 years ago
4 0

Answer:

b

Explanation:

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Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
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Step-by-step explanation:

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3 years ago
Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 2
blsea [12.9K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

June 1: $780/150 units= $5.2 per unit

June 10: $1,170/200 units= $5.85 per unit

June 15: $1,260/200= $6.3 per unit

June 28: $990/150= $6.6 per units

A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand.

Units sold= total units - ending inventory

Units sold= (150 + 200 + 200 + 150) - 210= 490 units

<u>The method with the lowest cost of goods sold will have the highest income:</u>

FIFO (first-in, first-out):

COGS= 150*5.2 + 200*5.85 + 140*6.3= $2,832

LIFO /last-in, first-out)

COGS= 150*6.6 + 200*6.3 + 140*5.85= $3,069

Weighted-average:

Weighted-average price= (5.2 + 5.85 + 6.3 + 6.6)/4= 5.99

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The inventory method that will provide the highest gross profit is FIFO.

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Explanation: Is the good enough???

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2 years ago
According to the U.S. Small Business Administration (SBA), to officially count as "small," _____.
VashaNatasha [74]

Answer:

Explanation:

im sorry i just need points sorry ask someone else sorry ;)

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