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inysia [295]
3 years ago
6

The Costa Rica Tourism Board proposed a 6 percent tax on airplane travel to pay for a public hospital. A New York University eco

nomist estimates that the tax would result in a 6 percent increase in the price of an airline ticket. If the elasticity of demand is 1.33, what is the expected change in quantity demanded
Business
1 answer:
Cloud [144]3 years ago
3 0

Answer: 7.98% or 8%

Explanation:

The price elasticity of demand shows how much quantity demanded changes in response to a change in price.

Formula is:

Price elasticity of demand = Percentage change in quantity demanded / Percentage change in price

1.33 = Percentage change in quantity demanded / 6%

Percentage change in quantity demanded = 1.33 * 6%

= 7.98% or 8%

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Assume that Horicon Corp acquired 25% of the common stock of Sheboygan Corp. on January 1 for $300,000. During the year Sheboyga
Misha Larkins [42]

Answer:

Option C. Debit Cash and credit Stock Investments

Explanation:

The reason is that in the equity method of recording the dividends receipts, it is always deducted from the stock investment and the relevant share of reported net income of the associate is added to the stock investment.

So mathematically,

Stock Investment Under Equity Method = Opening Value for the year + Share of Net Income - Dividend received

Stock Investment Under Equity Method = $300,000 + $160,000 * 25% + $60,000 * 25% = $325,000

The above treatment shows that the recording of dividends include credit to stock investment and the cash receipt is always debited.

So the double entry would be:

Dr Cash $15,000

Cr Dividends $15,000

So the option C is correct.

3 0
3 years ago
PLZ HELP BRAINLIEST The interview process ends when you walk out the door of the employer’s office. Please select the best answe
nalin [4]

Answer:

False

Explanation:

The interview process may or may not end depending on the type of interview conducted by the organization.

If it is on-spot offer: On-spot offer, interview the candidates and provide a spot offer and even do verification on the same day.

If it is walk-in: It depends on the process that the organization has planned each time. Mostly there will be multiple rounds, each will be conducted in one day depending on the strength of the candidate.

Job fairs: It is possible only to conduct the initial round. So it does not end in one day.

5 0
3 years ago
Select the correct answer.
UkoKoshka [18]

Answer:

B. customer relationship management

5 0
3 years ago
Type the correct answer in the box. Spell all words correctly. Which view in a presentation program displays your slides in full
Mariulka [41]
<h3><u>Answer:</u></h3>

The view in a presentation program displays your slides in full-screen mode is Slide Show view

<h3><u>Explanation:</u></h3>

Practice the Slide Show view to present your presentation to your viewers. Slide Show view engages the entire computer screen, precisely the form your display will view on a big screen when your viewers perceive it. One can guide to the SlideShow view from the taskbar at the base of the sliding window.

When in Slide Show view in PowerPoint, click the screen with your mouse to progress within the slides in your presentation. Alternatively, touch the “Space” bar on your keyboard to progress into the slide show.

8 0
3 years ago
Which of the following is an example of cannibalization? Group of answer choices A toothpaste manufacturer adds a new line of to
Elis [28]

Answer:

<u><em>The corrects answer is:</em></u> A toothpaste manufacturer adds a new line of toothpaste (that contains baking soda) to its product line.

Explanation:

Cannibalization is a market strategy that can occur without the company's intention, and can be defined as when a company replaces a product on the market with a similar new product, as in the example above, when a toothpaste manufacturer adds a new one line of toothpaste (containing sodium bicarbonate) to its product line.

This strategy can be detrimental to the company, since there may be less sales of an existing product for a similar product, which consequently generated higher production costs for the organization, therefore it would not be characterized as gains for the company, but as losses , as this strategy would not increase the company's market share, but a detriment of one product by another.

Therefore, it is necessary that there is constant monitoring of each product in the company so that cannibalization does not occur and each product contributes to the company's profitability individually.

8 0
3 years ago
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