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cluponka [151]
3 years ago
14

If the elasticity of demand for a company’s product is estimated to be 1.72, what would you advise the company to do if their ob

jective is to decrease revenue?
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

Raise price

Explanation:

Elasticity of demand refers to the responsiveness of quantity demanded with any change in the price level of the product.

Here, the elasticity of demand is 1.72 which indicates that the demand for the product is more elastic. This means that a slightly increase in prices would reduce the quantity demanded by the a larger amount.

Therefore, if this company wants to decrease its revenue then it should raise the price of the product which results in lower quantity demanded and hence, reduction in the revenues.

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Amanda has no credit history. She asks her friend Tricia for advice on how to establish credit history. What is the BEST advice
pentagon [3]

Answer:

a) Apply for a home mortgage.

Explanation:

i just took a test that had this question on it and i got it right

3 0
3 years ago
The importance of management is based upon what
scoray [572]
<span>The importance of management is based upon the </span>economical and effective strategic planning & regulation of operations of an enterprise to  fulfill the  given purposes.

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7 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity.
valkas [14]

Answer:

The correct answer is $9432.31.

Explanation:

According to the scenario, The given data are as follows:

Par Value (FV) = $10,000

Time Period = 15 years

Time period (Semi annual) (Nper) = 30

Coupon rate ( semi annual) = 3.3% / 2 = 1.65%

So, payment (pmt) = $10,000 × 1.65% = $165

Yield (r) (semiannual) = 3.8% / 2 = 1.9%

By putting the value in financial calculator, we get

Hence, The price of the bond is $9432.31.

3 0
3 years ago
In a bill-and-hold arrangement, revenue only can be recognized after the sale of the goods to the end user.
Verdich [7]

The correct answer is True. When ownership of the items passes to the customer, revenue is realised. In addition to the requirements for determining when control transfers, a reporting entity must also satisfy certain additional requirements for a customer to have achieved control in a bill-and-hold arrangement.

A bill and hold sales arrangement allows for payment in advance of the item's delivery. This is a sales agreement when a product seller invoices a consumer up front but doesn't actually ship the thing until later.

In a bill and hold transaction, the vendor does not deliver the purchased goods to the customer, but the associated income is still recorded. Under this structure, revenue cannot be recognised until a number of severe requirements have been satisfied. The possibility of falsely recognising revenue too early exists otherwise.

To learn more on bill and hold arrangement

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8 0
1 year ago
The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

5 0
3 years ago
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