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DerKrebs [107]
3 years ago
12

g each collectible ship requires one pint of high-quality paint at a cost of $25 per pint. considering increasing the selling pr

ices of both models by 7.5%, which will cause volume of sales for both models to decrease by 12%. all other expenses would remain constant. should management implement this change and what is the best explanation
Business
1 answer:
bearhunter [10]3 years ago
3 0

Answer:

Increasing the sales price is a bad idea since total revenues will decrease.

Explanation:

The question is incomplete since we are not given the information about other costs, but we are given enough information to calculate the price elasticity of demand:

PED = % change in quantity demanded / % change in price = -12% / 7.5% = -1.6 or |1.6| in absolute terms.

Since the PED is |1.6|, it is price elastic. This means that a change in price will result in a proportionally larger change in quantity demanded. E.g. assume original price is $100 and the original quantity demanded is 100. Total revenue = $10,000. If the price increases to $107.50, the quantity demanded will decrease to 88, resulting in a total revenue of $9,460.

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Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
JulijaS [17]

Answer:

$10,410

Explanation:

Working capital is the difference between a company's current or short term assets and its current liabilities or short term obligations. It gives an insight as to how liquid an organization is.

Working capital = Current assets - current liabilities

= $82,530 - $72,120

= $10,410

Astin's Company's working capital is $10,410

8 0
3 years ago
If joe and mary smith have money market accounts of $100,000, real estate holdings of $300,000, loans of $25,000, and investment
kirill115 [55]

Answer:410,000

Explanation: 100000+300000+10000

7 0
1 year ago
Once the information is complete and conclusions are made, then management can make more confident business decisions. This is p
Dovator [93]

The act of making the decision is the part of this step of market research that makes management more confident business decisions.

<h3>What is market research?</h3>

This refers to the activity of gathering market information about consumers' needs and preferences.

Some steps of a market research includes:

  • present the findings
  • make the decision
  • develop the research plan
  • collect the information

Read more about market research

<em>brainly.com/question/24906199</em>

#SPJ1

5 0
2 years ago
The provisions of the Mayflower Compact would influence later documents
stealth61 [152]

Answer:

The provisions of the Mayflower Compact would influence later documents

like the Articles of Confederation. Which of the following is not a reason the

colonists created and signed the verry Mayflower Compact?

Explanation:

The provisions of the Mayflower Compact would influence later documents

like the Articles of Confederation. Which of the following is not a reason the

colonists created and signed the verry Mayflower Compact?

7 0
3 years ago
At December 31, Gill Co. reported accounts receivable of $268,000 and an allowance for uncollectible accounts of $750 (credit) b
Andrei [34K]

Answer:

: $4,610

Explanation:

The allowance for uncollectible accounts should be 2% of accounts receivable. So first we wil find out the 2% of $268,000.

($268,000 x 2%) = $5,360

Then we will subtract the $750 allowance for uncollectible accounts before any adjustments.

$5,360 - $750 = $4,610

The amount of the adjusting entry for uncollectible accounts would be: $4,610.

4 0
3 years ago
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