Answer:
C) Rise about 15 percent
Explanation:
The computation of the increase or decrease of real income is shown below:
Initial income equals to
= Nominal income ÷ Consumer price index
= $10,000 ÷ 100
= 100
If it increases, then it would be
= Nominal income ÷ Consumer price index
= $12,000 ÷ 105
= 114.28
So, the real income is increased from
= 114.28 - 100
= 14.28 approx i.e 15 percent
TRAINING provides employees with specific, identifiable knowledge and skills for use in their present jobs
Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.
How a change in price impacts consumer demand is assessed using the price elasticity of demand.
A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).
Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).
The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.
You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.
Learn more about price elasticity of demand here.
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Answer:
b. $311,600
Explanation:
For the computation of total contribution margin first we need to find out the contribution margin per unit which is shown below:-
Contribution Margin per Unit = Contribution Margin ÷ Units Sold
= 319,200 ÷ 8,400
= $38
Total Contribution Margin = Contribution Margin per Unit × Units Sold
= $38 × 8,200
= $311,600
Therefore for computing the total contribution margin we simply applied the above formula.
Answer: D. $2870000
Explanation:
Consolidated Assets are the assets that a company owes whether directly or indirectly through a subsidiary which will then be shown on the consolidated balance sheet of the company.
From the information given, the amount of total consolidated net assets will be calculated as:
= ($34000 × 35) + $700,000 + $980,000
= $1,190,000 + $700,000 + $980,000
= $2,870,000
