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3 years ago

use the total revenue test to determine whether the demand for home heating oil is elastic or inelastic and why

1 answer:

6 0

Home heating oil is considered inelastic demand instead of elastic demand. Inelastic demand is when people will buy the same amount whether the price of the good drops or rises. People who buy home heating oil want their homes to be kept heated and warm, since they are buying it to serve a purpose like this, whether the price rises or drops they still will need it. Since they will need it regardless of price, they will continue to buy it and therefor it is inelastic.

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Ede4ka [16]

Cindyliz is wrong in this situation

Both Cindyliz and The Hutch Fashions did not signed any contract that specify the obligation that The Hutch Fashions need to sell a certain type of product to Cindyliz. She just obtained a summer catalogue, not a purchase order. A catalogue only filled with list of product information that company sold.

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3 years ago

Read 2 more answers

In designing health promotion efforts, it is important to set clear goals and measure how successful you are compared to the mon

Advocard [28]

Answer:

c. Accountability

Explanation:

This is known as accountability. In other words its making sure that you are holding yourself accountable for doing what you need to do and making sure that your efforts are not for nothing. This is done by staying on top of your choices and adjusting your decisions so that the money and time you invest are paying off with and pushing you towards the goals that you have set forth.

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3 years ago

SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face

Mashutka [201]

It should be the Second one that fits the best answer

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3 years ago

On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail method?

Misha Larkins [42]

Answer: The ending inventory is $43,500

Explanation:

Cost. Retail

$ $

Beginning inventory. 125,000 166,667

Add :Purchases 235,000 313,333

-------------------- -----------------------

Cost of good available for sale 360,000 480,000

Cost to retail ratio

360,000 ÷ 480,000

= 0.75

Cost. Retail

$ $

Cost of good available for sale 360,000 480,000

Less:Sales. 230,000 250,000

360,000. 172,500

187,500

-------------------- ----------------

(417,500) 58,000

Ending inventory × 0.75 (58,000 × 0.75) = 43,500

Cost to retail ratio.

Ending inventory. $43,500

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3 years ago

Dwight, the general manager of a hotel, knows that one of his housekeeping employees has a serious substance-abuse issue. Dwight

Oksana_A [137]

Answer: relaxed change

Explanation: In simple words, it refers to a situation when a manager knows that he or she is stuck in an unavoidable issue but rather than facing it he or she chooses the second best alternative that involves low risk.

In the given case, Dwight knew that substance abuse with an employee is a serious issue but rather than facing it on his won he decided to put it into his subordinate.

Thus, the given case is an example of relaxed change.

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3 years ago