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3 years ago

3) When there are more substitutes for a product, the for the product is . A) demand; less price elastic

Business

1 answer:

balu736 [363]3 years ago

6 0

Answer:

Explanation:

When there are more substitutes for a product, the demand for the product is more price elastic. The implication of this is that the demand of such product will drop when there is increase in it price because people can get another product which will play the same role with the previous at a lesser price. Hence, the demand for the product vis more price elastic.

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Haberdashery Company has a beginning Work-in-Process Inventory of 37,000 units (40% complete). During the period, 122,000 units

Nataly [62]

Answer:

152,600 units

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Units Completed in the period = 37,000 + 122,000 - 32,000 = 127,000

Equivalent Units = 127,000 + (32,000 x 80%) = 152,600 units

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3 years ago

__________________________ objectively look at public policy to ensure decision makers are fully informed about the decisions th

exis [7]

Answer:

Professional approaches

<h3>Explanation:</h3>

1)of, relating to, suitable for, or engaged in as a profession.

2 engaging in an activity for gain or as a means of livelihood.

3 extremely competent in a job, etc.

4 undertaken or performed for gain or by people who are paid.

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2 years ago

The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 320,000 $ 40 B 420,000 45 C 520,000 10 D 720,

Alja [10]

Answer:

The correct answer is $7.94.

Explanation:

According to the scenario, the computation of the given data are as follows:

Total value of shares = ( 320,000 × $40 ) + ( 420,000 × $45) + (520,000 × $10) + 720,000 × $15)

= $12,800,000 + $18,900,000 + $5,200,000 + $10,800,000

= $47,700,000

So we can calculate the net asset value by using following method:

Net asset value = (Total value - Expenses ) ÷ Shares Outstanding

By putting the value, we get

= ( $ 47,700,000 - $ 40,000) ÷ $6,000,000

= $7.94

3 0

3 years ago

If the demand for donuts is elastic, then a decrease in the price of donuts will a. not change total revenue of donut sellers. b

ad-work [718]

Answer:

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes

If demand is elastic and price is decreased, the quantity demanded would increase more than the change in price. As a result, revenue would increase

5 0

3 years ago

The revenue recognition principle states that: Multiple Choice Revenue should be recognized in the period goods and services are

lidiya [134]

Answer:

Revenue should be recognized in the period goods and services are provided.

Explanation:

IFRS 15 requires revenue to be recognized when control of goods or services has been made to the customer. Control is when all the risks and benefits associated with the product or service has been transferred to the customer.

5 0

4 years ago

3) When there are more substitutes for a product, the ________ for the product is ________. A) demand; less price elastic

3) When there are more substitutes for a product, the for the product is . A) demand; less price elastic