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yulyashka [42]
3 years ago
7

Given Qx=20-5p where price is 3 units find the price elasticity​

Business
1 answer:
padilas [110]3 years ago
7 0

Answer:

Q_x=5

Explanation:

Given that,

The formula is :

Q_x=20-5p ....(1)

Where p is price

We need to find the price elasticity

Put p = 3 units in equation (1)

Q_x=20-5(3)\\\\=20-15\\\\=5

Hence, the price elasticity is 5.

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Owen Conner works part-time packaging software for a local distribution company in Indiana. The annual fixed cost is $10,000 for
Brut [27]

Answer:

break even point in units = 2,667

break even point in $ = $33,338

Explanation:

The break even point marks the point where a company is able to cover all its expenses. At this point the company is not losing money, but it is not making a profit either.

break even point in units = total fixed costs / contribution margin

  • total fixed costs = $10,000
  • contribution margin = $12.50 - ($4 + $4.75) = $12.50 - $8.75 = $3.75

break even point in units = $10,000 / $3.75 = 2,666.67 ≈ 2,667 units

break even point in $ = 2,667 units x $12.50 per unit = $33,337.50 ≈ $33,338

7 0
3 years ago
• Define the mergers and acquisitions of Tesla and define what has the company gained?
iris [78.8K]

Some of the mergers and acquisitions of Tesla company includes:

  • SolarCity
  • Perbix
  • Compass Automation
  • Maxwell Technologies, etc

<h3>What is a Merger?</h3>

This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.

Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:

  • They were making too many mergers at the same time
  • They spent over $2.80 billion on the acquisitions
  • They alienated themselves from other carmakers who were partnering and merging, etc

The size of the market and the growth strategy of Tesla company is:

  • Their target is to produce as many affordable cars as possible
  • They want to use their own technical know how and that of others to produce more eco-friendly cars
  • The growth strategy is to become one of the trusted and safest car brands in the world.

Read more about mergers and acquisitions here:
brainly.com/question/13709735

6 0
2 years ago
Money that can be easily divided into smaller units of value has the characteristics of
Anna007 [38]
A) Divisibility can easily be divided into smaller value.
8 0
3 years ago
Read 2 more answers
2.A company began 2019 with retained earnings of $23.45 million. During the year, it paid four quarterly dividends of 0.25 per s
Naily [24]

Answer: $23.63 million

Explanation:

First and foremost, we can calculate the quarterly common stockholder dividend which will be:

= $0.25 × 1 Million

= $0.25 million

Then, the annual dividend to the common stockholders will be:

= $0.25 million × 4

= $1 million

The quarterly preferred stockholder dividend will be calculated as:

= $0.50 × 0.50 Million

= $0.25 million

We would then multiply $0.25 million by 4 to get the annual dividend attributable to the preferred stockholders which will be:

= $0.25 million × 4

= $1 Million

Total Dividend would then be:

= Annual dividend to common stockholders + Annual dividend to preferred stockholder

= $1 Million + $1 Million

= $2 Million

The value of the retained earnings balance at the end of the year will then be:

= Retained Earnings at the beginning of the year + Net Income – Dividend

= $23.45 + $2.18 - $2.00

= $23.63 million

3 0
3 years ago
On November 1, 2018, Cullumber Farm entered into a contract to buy a $162000 harvester from John Deere. The contract required Cu
Vikki [24]

Answer:

The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:

Debit Cash $162,000

Credit Accounts Receivable $162,000

The company did not record revenue because they did not sell the harvester. This was only the advance payment.

3 0
3 years ago
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