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Black_prince [1.1K]
2 years ago
13

An increase price caused no change in quantity demanded. Thus, demand must be

Business
1 answer:
NNADVOKAT [17]2 years ago
8 0

Answer:

Perfectly inelastic

Explanation:

A demand is perfectly inelastic when quantity demanded does not change in response to a change in price.

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You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement
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Answer:

$223,370

Explanation:

See attached file

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3 years ago
When you gave your friend a fifty-dollar bill for an iPod, you used money as a
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<span>When you gave your friend a fifty-dollar bill for an iPod, you used money as a <u>medium of exchange.
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Products whose demand rises when another product’s price increases are called
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Products whose demand rises when another product's price increases are called: Substitute goods

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2 years ago
Assume that Crane Company uses a periodic inventory system and has these account balances: Purchases $630,000; Purchase Returns
Veseljchak [2.6K]

Answer:

Cost of goods sold =$61,5300

Gross Profit = $144,700

Explanation:

Given the information:

  • Purchase : $630,000
  • Purchase Returns and Allowances $25,700
  • Prchases Discounts $10,900
  • Freight-In $18,300
  • beginning inventory of $45,000
  • ending inventory of $64,600
  • net sales of $760,000

As we the, the fomular for total Goods Available for Sale

=   Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts

= $45,000 +  $630,000 + $18,300 - $25,700 - $10,900

= $67,9900

=> Cost of goods sold =  Total Goods Available for Sale - ending inventory

= $67,9900 - $64,600

= $61,5300

=> Gross Profit = Net sales - Cost of goods sold

= $760,000 - $61,5300

= $144,700

Hope it will find you well.

7 0
2 years ago
Read 2 more answers
Assume the real rate of return is 3.37% and the inflation rate is 1.47%. Find the nominal rate of return using the exact formula
Citrus2011 [14]

Answer:

4.89%

Explanation:

Real rate of return = 3.37%

Inflation rate = 1.47%

The nominal rate of return is computed as shown below:

= [ (1 + real rate of return) x (1 + inflation rate) ] - 1

= [ (1 + 0.0337) x (1 + 0.0147) ] - 1

= (1.0337 * 1.0147) - 1

= 1.04889539 - 1

= 0.04889539

= 4.889539%

= 4.89% approx.

7 0
3 years ago
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