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serg [7]
2 years ago
11

The demand for wooden pencils is very responsive to a change in price. That is, the demand for these pencils is highly elastic.

Suppose that workers in this industry are successful in negotiating a higher wage from management. As a result:______
A. The price and quantity of pencils purchased will fall, and gross revenues will rise.
B. Price and quantity purchased will rise, and gross revenues will fall.
C. Price will fall, quantity purchased will rise, and gross revenues will rise.
D. Price will rise, quantity purchased will fall, and gross revenues will fall.
Business
1 answer:
Natalija [7]2 years ago
4 0

Answer:

D. Price will rise, quantity purchased will fall, and gross revenues will fall.

Explanation:

It will lead to a higher price of the good as the management has to take into consideration the amount to wages to be paid to the workers, thus increasing the price of the goods. This will result to a lower demand at a higher price  because the price increases and competitions will take advantage of the situation and that will also reduce the revenue of the firm.

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Many gas stations with convenience stores sell gas at, or close to, cost. In these organizations, profit comes from the convenie
OLga [1]

Answer: build traffic.

Explanation:

The pricing model employed by such gas stations is built in a way to drive traffic. traffic is important and has an impact in many ways  1. low traffic can bog your business down at some level.

2. When you increase your traffic along with the quality of the visitors, the better you will be able to increase your sales.

traffic in this context refers to customers the more you are able to pull customers over the more sales you make.

4 0
3 years ago
The staff at a small company includes: 4 secretaries, 20 technicians, 4 engineers, 2 executives, and 50 factory workers. if a pe
lawyer [7]
Total staff = 4 + 20 + 4 + 2 + 50 = 80
P(Factory Worker) = 50/80 = 5/8

Answer: 5/8
8 0
3 years ago
On January 1, 2019, East Lansing, Inc., issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually
xenn [34]

Answer:

The issue price of the bond is the present value of  the future cash flows of the bond,which is $2,162,217.92.  

The calculation of the issue price is shown below.

Explanation

The bond will pay interest of $100000 for 10 periods plus $2000000 par at the end of the tenth period.

The formula applicable is: Future value of each period multiplied by applicable discounting factor.

Even though the bond is issued for only 5 years,but the fact that it pays interest semi-annually makes it 10 period duration(5years*2).

Interest rate should also be adjusted to show the time horizon of six month each by dividing 8% per year by 2.

The detailed computation of present value is as follows:

 Periods   Coupon Interest @10%/2   DCF=1/(1+r)^n   PV  

1.00                 100,000.00                     0.9615            96,153.85  

2.00                  100,000.00                       0.9246     92,455.62  

3.00                  100,000.00                        0.8890      88,899.64  

4.00                   100,000.00                          0.8548      85,480.42  

5.00                    100,000.00                            0.8219      82,192.71  

6.00                    100,000.00                            0.7903     79,031.45  

7.00                    100,000.00                             0.7599    75,991.78  

8.00                    100,000.00                             0.7307    73,069.02  

9.00                    100,000.00                             0.7026     70,258.67  

10.00                    2,100,000.00                     0.6756   <u>1,418,684.75</u>  

                                                                           <u> 2,162,217.92</u>  

7 0
2 years ago
Which of the following types of business ownership has the advantages of pass-through taxation and liability protection?
pickupchik [31]
That will be a <span>Limited Liability Company (LLC)</span>
4 0
3 years ago
An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:
rodikova [14]

Answer:

The cash (net) realizable value of the accounts receivable is accounts receivable less the ending balance in the Allowance for Doubtful Accounts.

800,000 - 65,000

This brings the total to $735,000.

5 0
2 years ago
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