1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
3 years ago
5

6. If consumers always spend 30 per cent of their income on food, then the income elasticity of demand for food is

Business
1 answer:
exis [7]3 years ago
3 0

Answer: ?

Explanation:

You might be interested in
In a barter system, a baker is MOST LIKELY to A) earn money from creating bread. B) buy wheat from a farmer. C) sell bread to a
Archy [21]

Barter means exchange since there was no currency back then so the answer  would be D.

3 0
3 years ago
Read 2 more answers
________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in
Serggg [28]

Answer:

Social responsibility

Explanation:

Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.

It suggest that a business firm must be concerned about the welfare of the people in the community.

It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.

Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.

Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.

4 0
4 years ago
ACEM Hardware purchased 8400 gallons of paint in March. The store had 3200 gallons on hand at the beginning of March, and expect
disa [49]

Answer:

Sales will be equal to 8900 gallons

Explanation:

We have given hardware purchased = 8400 gallons

The store had 3200 gallons on hand at the beginning of the of march

So opening stock = 3200 gallons

And expected to have 2700 gallons at the end of march

So closing stock = 2700 gallons

So sales = purchases + opening stock - closing stock = 8400 + 3200 - 2700 = 8900 gallons

So sales will be equal to 8900 gallons  

5 0
3 years ago
CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $375,00
Shtirlitz [24]

Answer:

the company should buy and install the press because the NPV of the project is positive ($73,133.75)

Explanation:

the MACRS 5 year depreciation:

  1. $375,000 x 20% = $75,000
  2. $375,000 x 32% = $120,000
  3. $375,000 x 19.2% = $72,000
  4. $375,000 x 11.52% = $43,200
  5. $19,800, since salvage value at year 5 is $45,000
  6. $0 x 5.76% = $0

salvage value $45,000

total initial investment = $375,000, discount rate = 11%

  1. cash flow year 1 = {($142,000 - $15,000 - $75,000) x (1 - 34%)} + $75,000 = $109,320
  2. cash flow year 2 = {($142,000 - $2,000 - $120,000) x (1 - 34%)} + $120,000 = $133,200
  3. cash flow year 3 = {($142,000 - $2,000 - $72,000) x (1 - 34%)} + $72,000 = $116,880
  4. cash flow year 4 = {($142,000 - $2,000 - $43,200) x (1 - 34%)} + $43,200 = $107,088
  5. cash flow year 5 = {($142,000 - $2,000 - $19,800) x (1 - 34%)} + $19,800 + $45,000 = $144,132

the NPV of the project = -$375,000 + $109,320/1.11 + $133,200/1.11² + $116,880/1.11³ + $107,088/1.11⁴ + $144,132/1.11⁵ = $73,133.75

4 0
3 years ago
Sending products by _____ is the most expensive option available to producers. Answer rail truck ship plane
Anvisha [2.4K]
The correct answer for the question that is being presented above is this one: "plane." <span>Sending products by plane is the most expensive option available to producers. Using plane as a way to transport products can be quite expensive compared to rail, truck or ship.</span>
8 0
3 years ago
Other questions:
  • Why do firms pursuing global standardization or transnational strategies tend to prefer establishing wholly owned subsidiaries
    14·1 answer
  • Wait unemployment and search unemployment are both types of:
    7·1 answer
  • Read the scenario. Alfonso is 19 years old and has a high school diploma. Recently, he was promoted to assistant manager at the
    12·1 answer
  • Instead of living in a service economy, we now live in a(n) ________ economy.
    10·1 answer
  • Landmark Corp. buys $300,000 of Schroeter Company's 8% five-year bonds payable at par value on September 1. Interest payments ar
    15·1 answer
  • In January, Dieker Company requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and gener
    10·1 answer
  • If the appropriate discount rate for this bond is 6%, what would you be willing to pay for ABC’s bond?
    12·1 answer
  • The cost-recovery method of recognizing profit for accounting purposes is permitted if a. collections in the year of sale do not
    11·1 answer
  • You will receive annual payments of $20,000 to be paid at the end of each of the next 4 years. The appropriate discount rate is
    7·1 answer
  • a major criticism of industrial regulation is that a) it has been applied to virtually all major u.s. corporations in the post-s
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!