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Sindrei [870]
3 years ago
14

An accountant increases the price he charges for his services by 14 percent. In​ response, the demand for his services decreases

by 6 percent. Will the​ accountant's revenue from his accounting services​ increase, decrease, or remain​ unchanged?
Business
1 answer:
blondinia [14]3 years ago
5 0

Answer:

Decrease

Explanation:

Given that

Change in quantity demanded = 6%

change in price = 14%

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

= 6% ÷ 14%

= 0.42

Price elasticity of demand is greater than 1 that which means demand is elastic. Therefore the increase in price, the revenue will decrease because demand is elastic.

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Answer:

D) make mutual investments in specialized assets.

Explanation:

I'm not sure about the exact background of the question, but if you are trying to build a trust relationship with another company, the best way to do it is by investing together.

E.g. if company A is interested in securing an important supplier, instead of trying to acquire it, they might try to invest together in some assets or another business. That way, when it comes to deciding which company should receive discounts or prioritize their requirements, the supplier will always favor their business partners.

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3 years ago
General mills actively researches people who​ don't buy their products to find out why they are not adopters. this practice is m
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Answer:

The answer is idea generation.

Explanation:

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3 years ago
Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro
r-ruslan [8.4K]

Answer:

a)

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

    Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

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Dr Investment in Silva Company 349,560

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b)

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

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Liability rules, property rights, contract enforcement, and standards for weights and measures affect the for people to produce
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Incentives is the answer


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The Claxton Company manufactures children's toys and also has a division that makes automobile parts. Due to a change in its str
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B. Report it as a discontinued operation.

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