True or false:

_______are independent businesses that do not own the products they sell. They act as intermediaries to brinna

ratelena [41]

Answer:

Agents and brokers

Explanation:

Agents and brokers connect buyers and sellers. They are contracted by either sellers or buyers to help them increase sales or find items to buy. Agents and brokers act on behalf of their clients.

Wholesalers and retailers take ownership of the goods they sell. They first buy the goods, which gives them title to the goods before selling to retailers or consumers. Agent and brokers do not buy goods. They look for buyers or sellers for their clients' merchandise.

3 0

3 years ago

Jeffery Brooks has just landed a job as the produce manager for a large grocery store. The store manager mentioned that last sum

tiny-mole [99]

Answer:

The correct answer is: a 10% increase in the price of cantaloupes will increase the quantity demanded of water melons by 11%.

Explanation:

The produce manager of a large grocery store is informed that the cross-price elasticity of demand between cantaloupes and water melons is 1.10.

The cross-price elasticity of demand is a measure to calculate the change in demand for a commodity due to a change in the price of another commodity.

It is calculated as a ratio of the percentage change in demand and percentage change in price.

A positive price elasticity implies that the two goods are substitutes. An increase in the price of one good leads to an increase in the demand for another.

The cross elasticity can be calculated as,

= $\frac{\% \Delta Qy}{\% \Delta Px}$

Let's assume that the price of cantaloupes increases by 10%.

Then,

1.10 = $\frac{\% \Delta Qy}{10 \%}$

ΔQy = 11

So we see that a 10% increase in the price of cantaloupes will cause the demand for water melons to increase by 11%.

7 0

3 years ago

In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.

il63 [147K]

Answer:

It helps giving you the ability to choose what you think is best for your business

Explanation:

Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.

Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.

6 0

4 years ago

Hagar Industrial Systems Company (HISC) is trying to decide between two different conveyor belt systems. System A costs $275,000

ad-work [718]

Answer:

System A = $535,733

System B = $593,130

Explanation:

The NPV for Hagar Industrial Systems Company (HISC) is as follows,

For system A:

Annual depreciation = $275,000 / 4 years = $68,750

Pretax annual operating cost = $81,000

Present value of total cost = - $275,000 - [$81,000 * (1 - 22%) + $68,750 * 22%] * PVIFA 9% 4 years.

Present value of total cost = - $275,000 - ($63,180 + $15,125) * 3.329720

Present value of system A = - $275,000 - $260,733

Present value of system A = - $535,733

For system B:

Annual depreciation = $355,000 / 6 years = $59,166

Pretax annual operating cost = $75,000

Present value of total cost = - $355,000 - [$75,000 * (1 - 22%) + $59,166 * 22%] * PVIFA 9% 4 years.

Present value of total cost = - $355,000 - ($58,500 + $13,016) * 3.329720

Present value of system B = - $355,000 - $238,130

Present value of system B = - $593,130

4 0

3 years ago

At the beginning of the day, a company has a cash balance of $11,450 and no float. During the day, the company wrote three check

Naily [24]

Answer:

$2955

Explanation:

company's disbursement float is basically the money that the company has written check for but not yet paid from the bank account. In this case it is $640,$975,$1340 and their sum = $2955

8 0

3 years ago