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lions [1.4K]
3 years ago
10

Demand is likely to be most elastic for which of the following: Ground beef O Footwear O Bread O Concert tickets​

Business
1 answer:
-Dominant- [34]3 years ago
6 0

Answer:

O Concert tickets​

Explanation:

Elastic demand is the demand that is highly responsive to changes in prices. A small change in price causes the demand to change by a big proposition. When the demand is elastic,  the change in demand is not propositional to changes in price.

Non-essential goods tend to have elastic goods. These are the goods that consumers can survive without. Demand for non-essential tends to decrease or increase in a big proposition when prices rise or fall by a small margin. From the list provided, concert tickets are non essential goods.

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Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
ipn [44]

Answer:

$31,000

Explanation:

decrease in accounts receivable = $1,000

Sales = $30,000

Cash collected from customers = Sales plus decrease in accounts receivables

                                                    = $30,000 + $1000

                                                    = $31,000

The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.

5 0
3 years ago
While JIT systems have many benefits, they:______.
Fiesta28 [93]

Answer:

Option A

Make the logistics function more complicated

Explanation:

The JIT inventory system refers to the Just In Time inventory system.

The just-in-time (JIT) inventory system is a management strategy where warehousing of parts is minimum. Rather, the raw material supply is aligned accurately with the production schedule of a particular good.

For example, in car production, the various car parts are supplied by various manufacturers at just the right time so they can be assembled to make up the car in the assembly line. The car assembly companies may not necessarily have to store raw materials in their ware house since the raw materials arrive "Just in time".

However, aligning the supply of raw materials accurately with production time, is a complicated task especially when a lot of manufacturers are involved and can need to plant down time if care is not taken. This makes the logistics function more complicated.

5 0
3 years ago
Read 2 more answers
Why would a large publically traded corporation likely prefer issuing bonds as a way to raise new money as opposed to issuing mo
Setler79 [48]

Answer:

B. more shares will dilute the existing value of the stock, causing its market price to fall

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.

Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.

The reason a large publicly traded corporation would likely prefer issuing bonds as a way to raise new money as opposed to issuing more shares is because more shares will dilute the existing value of the stock, causing its market price to fall and may negatively affect by reducing the value and proportional ownership of the investor's shares in the corporation.

8 0
2 years ago
Suppose you have the following information about a fictitious economy. Assume there are no taxes in this economy. Disposable Inc
djyliett [7]

The equilibrium level of consumption is $28500.

The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.

If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.

Given this condition, we can conclude in economics that consumption is at its level of equilibrium.

Read more on brainly.com/question/14670879?referrer=searchResults

4 0
2 years ago
What is the major advantage of processing information automatically?
Lady bird [3.3K]
The answer is we can use our cognitive resources for other more important matters. In addition to social cognition, it brings up to the way people select, understand, remember, and use social data to make conclusions and decisions about themselves and others and Schemas are the cognitive constructions we use to establish our information of the social world.
7 0
3 years ago
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