Answer:
D 0.60.
Explanation:
Elasticity of Supply measure the responsiveness of supply against the change in price of the product.
Using mid point method
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 30 - 20 ) / [ ( 30 + 20 )/2 ]
Change in Quantity = 10 / 25
Change in Quantity = 0.4
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $20 - $10 ) / [ ( $20 + $10 )/2 ]
Change in price = $10 / $15
Change in price = 0.67
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = 0.4 / 0.67
Elasticity of Supply = 0.597 = 0.60
Answer: $1,195,200
Explanation:
Net sales = $1,440,000
Expenses = $504,000
Reductions = $604,800.
We then calculate the initial mark up which will be the addition of the net sales, expenses and the reduction. This will be:
= $1,440,000 + $504,000 + $604,800
= $1,195,200
Answer:
True
Explanation:
The good guy-bad guy routine is one usually adopted by two people looking to buy a product. They both role play, and while one comes off as hostile and unreasonable, the other seems nice and friendly and even apologizes for the behavior of his or her partner.
They do this to unsettle the seller and purchase the product at a price favorable to them.
It is important for the seller to be able to recognize this good guy-bad guy routine, be well aware of his products and maintain control of the negotiations to sell at the right price.
Answer:
No ; $625 ; cut down expenses
Explanation:
Annual Gross =$96000
Amount after tax : (1 - 0.3) * 96000 = $67,200
Monthly Total Expenses :
$(700 + 610 + 1200 + 200 + 520 + 275 + 250 + (350*4)) = $5,155
After - tax monthly :
67,200 / 12 = $5600
Amount left :
$5600 - $5155 = $445
If total amout left is saved for 2 years :
Amount saved = ($445 * 24) = $10,680
$10,680 < $15,000 ; therefore, it won't be enough for the purchase.
Monthly saving to earn $15000 in 2 years
2years = 24 months
$15000 / 24
= $625
Grocery expenses , clothing, discretionary cost and cable expenses could be all be cut down in other to increase saving.
