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nirvana33 [79]
2 years ago
7

Suppose that Victoria and her friends are running a fundraiser by selling donuts. They want to know what will happen to their re

venue if they increase the price of each donut from $0.80 to $1. What concept do they need to apply to find out their expected revenue
Business
1 answer:
lapo4ka [179]2 years ago
6 0

Answer:

price elasticity of demand

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

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

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

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

If this change in price (a 25% increase) leads to a 50% decrease  in quantity demanded, demand is elastic and revenue would fall if price is increased

If this change in price (a 25% increase) leads to a 10% decrease  in quantity demanded, demand is inelastic and revenue would increase if price is increased

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On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split.
Naily [24]

Answer:

1. After the split, how many shares of common stock are outstanding and what is their par value per share?

40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split

par value of each stock = $2 / 2 = $1

Aren't both questions the same?

2. After the split, the number of shares outstanding is <u>80,000</u> and the par value per share is <u>$1</u>.

Explanation:

When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.

5 0
3 years ago
Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood i
mars1129 [50]

Answer:

C Housing prices in Country A will increase as wood imports become more expensive.

Explanation:

Since country A imports all wood from other countries, an increase in price of wood by suppliers means that they are now expensive. Country A will be paying much more money for the same amount of supply they imported before prices rose. This will lead to housing prices to increase as a way to pass over the costs to homebuyers and tenants through rising home prices and rents respectively.

6 0
3 years ago
NextStep Global is a consultation firm that specializes in preparing businesses for international negotiations. What action is N
JulsSmile [24]

Answer:

Ensure a senior executive is present at business negotiations

Explanation:

The action action NextStep Global is likely to suggest in order to ensure influence at the headquarters is that a senior executive is made available at round-table negotiation discussion at the headquarters so as to bring the desired influence.

The rationale for this is that the set of people whose work station is the headquarters are senior people,hence would not be disposed with having discussions with just a mere employee who cannot be said to represent the company.

3 0
3 years ago
on october 1, the beginning of the new term, Davis institite, a private school, recieves $168,500 in tuition for the upcoming se
Aneli [31]

The correct answer is $126,375.

If the term is four months long and Davis institute receives $168,500 in tuition for the four months then they receive $42.125 per month. You can calculate this by dividing $168,500 by 4, which equals $42,125. Three of the months are in the first fiscal year, so 3 months worth of revenue will be allocated to that year. $42,125 x 3 = $126,375.

8 0
3 years ago
An employee has​ year-to-date earnings of $ 114 comma 400. The​ employee's gross pay for the next pay period is $ 4 comma 800. I
NeTakaya

Answer:

$254

Explanation:

First we must calculate the employee's remaining taxable portion = wage base - year to date earnings = $118,500 - $114,400 = $4,100

Then we multiply the employee's remaining taxable portion times FICA-OASDI tax rate = $4,100 x 6.2% = $254.20, we round down to the nearest dollar = $254

5 0
3 years ago
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