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zloy xaker [14]
2 years ago
11

According to the classical view,a.velocity is constant, which means changes in price will cause changes in price or quantity.b.q

uantity is constant, which means changes in the money supply could cause either changesin velocity or changes in prices.c.velocity and price are constant so that changes in the money supply causes changes in quantity.d.velocity and quantity are constant so that changes in the money supply cause changes in prices.e.velocity is constant while quantity is variable so that changes in the money supply change both price and quantity
Business
1 answer:
Viefleur [7K]2 years ago
6 0

Answer:

d

Explanation:

The quantity theory of money was developed by Irving Fisher

According to the the quantity theory of money :

Money supply x velocity = price x quantity

Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price

According to the equation, changes in money supply leads to equal and proportional changes in price

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Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres
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Answer:

b) overall low-cost leadership

Explanation:

By Michael Porter, this is one of the <em>generic strategies</em>. This strategy implies that the company is dominating the market by securing a low-cost approach across all channels (supplier side, customers, rivals). This is generally achieved by low operating costs and by the factors listed out in the example itself (influencing rivals and suppliers). This type of strategy puts a company ahead of most of its competitors.

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3 years ago
Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. The home office provides
lakkis [162]

Answer:

c) 10% more peanut butter on the shelves

Explanation:

Since peanut butter has a negative income elasticity of demand (-0.5) with a decrease in income, there should be an increase in the demand. This is usually true for cheaper goods or goods with low added value. The change in demand (D) is represented as follows:

D=20\% * 0 .5\\D=10\%

As a result, you should stock 10% more peanut butter on the shelves.

The answer is c).

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3 years ago
What is gross profit
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Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
6 0
3 years ago
Read 2 more answers
Anna is willing to spend $500 for the bike she wants. if she finds a bike store where the price of the bike she wants is only $4
muminat
The answer is $100. The consumer surplus is $100 because that is the difference between what Anna has set as her ceiling for the purchase of the bicycle, $500, and then subtracted by the amount that she actually does pay, $400, that difference is what is referred to as consumer surplus. What the consumer is mentally committed to paying minus what the consumer actually pays.
8 0
3 years ago
The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Balance Sheet Sales $23,500 Assets $12
finlep [7]

Answer:

$20,370.5

Explanation:

Net Profit Margin = Net Profit / Sales= 5,168 / 23500 = 0.219915 = 21.99%

Dividend Payout Ratio = Dividends / Net profit = $1,560/$5,168 = 0.3018576 = 30.19%

Increase in Assets = Total Assets / Current Sales * Change in Sales

Increase in Assets = 121,000 /23,500 * (28,300-23,500)

Increase in Assets = 5.1489362 * 4800

Increase in Assets = $24714.89

Increase in Current Liabilities = Current Liabilities / Current Sales * Change in Sales = 0

Earnings Retained = Revised sales * Net profit margin * (1- dividend payout ratio)

Earnings Retained = $28,300 * 21.99% * (1 - 30.19%)

Earnings Retained = $28,300 * 0.2199 * 0.6981

Earnings Retained = $4344.39497

Earnings Retained = $4344.39

External Financing Needed = Increase in Assets - Increase in Current Liabilities - Earnings Retained

External Financing Needed = $24714.89 - $0 - $4344.39

External Financing Needed = $20,370.5

7 0
2 years ago
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