1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semenov [28]
3 years ago
7

The quantity demanded of Blu-ray players increased 9% when the price of DVDs increased 5%. What is the estimated cross-price ela

sticity of demand for Blu-ray players? Round your answer to the nearest hundredth.
Business
1 answer:
Mila [183]3 years ago
8 0

Answer:

cross price elasticity of demand = 1.8

Explanation:

cross price elasticity of demand = % change in quantity of X / % change in price of Y

cross price elasticity of demand = 9% / 5% = 1.8

When the cross price elasticity of demand is positive, it means that the products are substitutes. If the cross price elasticity is negative, then the products are complements.

You might be interested in
"When a parent uses the partial equity method throughout the year to account for its investment in an acquired subsidiary, which
Sedaia [141]

Options for the first question:

a? Goodwill will be recognized if acquisition value exceeds fair value of net assets acquired.

b? Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

c? Subsidiary net assets are valued at their book values before consolidating entries are made.

d? Parent company net income will exceed controlling interest in consolidated net income when fair value of depreciable assets acquired exceeds book value of depreciable assets.

e? Parent company net income will equal controlling interest in consolidated net income when initial value, book value, and fair value of the investment are equal.

Information regarding the second question:

Book Value Fair Value

Buildings (10-year life) $10,000 $8,000

Equipment (4-year life) $13,000 $17,000

Land $5,000 $12,000

In consolidation at January 1, 2017, what adjustment is necessary for Hogan's Equipment account?

Answer:

Answer to the first question:

  • B) Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

Answer to the second question:

  • The fair market value of the equipment is higher than the book value, therefore the equipment account must increase by = $17,000 - $13,000 = $4,000

Explanation:

The partial equity method is used when the company's stake is not significant in the subsidiary or when the parent doesn't exercise operating control over the subsidiary.

3 0
3 years ago
The characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular so
Aleks04 [339]

Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.

Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.

#SPJ4

7 0
1 year ago
"recently, walmart asked that procter & gamble (p&g) link its computerized cash register scanning equipment and direct e
WINSTONCH [101]

Evaluating organizational buying criteria.

3 0
3 years ago
The production possibilities curve illustrates the basic principle that
krok68 [10]

Answer:

If all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced

Explanation:

The concept of production possibility curve shows the different commodities that can be produced in a given economy, given the prevailing level of technology, if all available resources are efficiently utilized.  The idea behind production possibility curve is that in other for in order to produce a particular commodity, the production of another commodity has to be scarified provided that i.e if all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced  

6 0
3 years ago
Assume the Continental National Bank's balance statement is as shown in the accompanying table. Assuming a legal reserve ratio o
Lerok [7]

Answer:$6,000

Explanation:

4 0
3 years ago
Other questions:
  • g Donald’s employer fires Donald after only four months on the job, a clear breach of Donald’s written twelve-month employment c
    15·1 answer
  • 4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand
    15·1 answer
  • PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
    6·1 answer
  • g Assume the GDP deflator falls from 162 to 157. This means that Group of answer choices the average price level is growing more
    14·1 answer
  • Use the following information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below] O
    7·1 answer
  • Jack is a manager in human resource department. He often conducts job interviews to select new employees for new opening positio
    7·2 answers
  • State 2 reasons that lead to foreign trade.plz answer asap!!!​
    9·1 answer
  • Fashion experts readily understand the power of ________________. Shortly after Kate Middleton married Prince William, throngs o
    5·1 answer
  • Explain the imortance of feedback in the communication process.(3marks)
    12·1 answer
  • Once an online catalog is in place, there are high costs in maintaining and accessing it.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!