Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.
<h3>What is total revenue?</h3>
- Total revenue is the total amount of money a seller can earn from offering clients goods or services.
- The formula for this is PQ, or the purchase price times the quantity of the products sold.
- A calculation or equation that describes how certain sources of revenue will behave on a graph.
- The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
- The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.
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By producing motorcycles that do more than get riders to their destinations and back, Harley-Davidson is addressing consumers'<u> Functional and psychological</u> needs.
Harley Davidson was acquired through eastern-owned Kawasaki Motor Corporation LTD. Milwaukee, April 1, 2014 — Harley-Davidson, Inc. (HOG) has introduced a settlement to be obtained with the aid of Japanese-owned Kawasaki Motor organization LTD nowadays, Tuesday, April 1, 2014, for an undisclosed sum.
The stock Is Falling. Harley-Davidson inventory turned falling after the motorcycle maker stated its first-zone running income declined due to semiconductor shortages and other deliver-chain problems.
All Harley Davidson bikes for our marketplace are assembled within the US. Harley Davidson contracts elements to be products of diverse factories around the sector in places together as Germany, Taiwan, Japan, Mexico, and Italy.
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<u>SOLUTION AND EXPLANANTION:</u>
Let us define :Protection period” = P = Reorder period + Lead time = 7 + 3 days = 10 days
Z value for service level of 99% as per Z table= 2.33
Demand during protection period = = D = 80
Standard deviation of demand during Protection period = Sd = 10
Safety stock during protection period =
<u>Therefore,
</u>
Gross quantity to be ordered = Demand during protection period + Safety stock during protection period = 80 +73.67 = 153.67
However, number of items already in hand = 30 units
<u>Hence,
</u>
Net quantity to be ordered = Gross quantity to be ordered – Number of items already in hand = 153.67 – 30 = 123.67 ( 124 rounded to nearest whole number)
Answer:
The answer is $30,000
Explanation:
Solution
Given that:
Dorchester in 2001 purchased investment realty for = $25,000.
The value of the reality = $52,000
Dorchester's Adjusted gross income = $100,000
Now,
We find the maximum present year contribution deduction of Dorchester
Thus,
The amount of deduction is shown as follows.
The reality value = $52,000
50% of the adjusted gross income is = $100,000 * 30% =$30,000
