Name 3 career paths trade schools offer.

A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the

sergiy2304 [10]

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= $\frac{new price\ -\ initial\ price}{initial\ price} \times100$

= $\frac{2.50\ -\ 2}{2} \times100$

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= $\frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}$

= $\frac{5}{25}$

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

3 0

4 years ago

Unions contribute to a. cyclical unemployment. b. frictional unemployment. c. structural unemployment. d. seasonal unemployment.

sveticcg [70]

Answer:

The correct answer is d. c. structural unemployment.

Explanation:

Structural unemployment is due to the fact that the number of existing jobs is insufficient to give employment to everyone who wants a worker (active population).

When a union raises wages above the equilibrium level, it increases the supply of employment and reduces demand. This generates unemployment.

• Internal workers benefit from high salaries earned in negotiation collective

• External workers have difficulties in find a job or have to accept a job in a non-union company.

4 0

3 years ago

Which of the following statements is NOT correct? Multiple Choice The description of a journal entry should include a reference

Rom4ik [11]

Answer:

The credit portion of a general journal entry is always recorded first.

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

Also, the total amount of money credited must equal the total amount of money debited.

The following statements are correct and true about the general journal;

I. The description of a journal entry should include a reference to the source of the information contained in the entry.

II. If goods are purchased on credit, the supplier's invoice number is used as the source document for the transaction.

III. A firm should be able to trace amounts through the accounting records and back to their source documents.

5 0

3 years ago

John Collins has been a sales rep for AdVance for 18 years. When he began his career with AdVance he followed the money and sold

love history [14]

Answer:

Honesty and sincerity build long-term partnering relationships with customers.

Explanation:

4 0

3 years ago

Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (

nydimaria [60]

Answer:

The amount of the incremental income from accepting the order is $21,750 .

Explanation:

<u>Incremental analysis of Accepting Special Order</u>

Hint : Consider Incremental Amounts Only

Sales (2,000 units × $36) $72,000

Less Expenses

Direct Materials ($5 × 2,000) ($10,000)

Direct Labor ($10 × 2,000) ($20,000)

Variable Overhead ($7 × 2,000) ($14,000)

Special stamping machine ($6250)

Incremental income/ (loss) $21,750

Note : There is excess capacity of 3,000 units (10,000 units - 7,000 units) to meet the Special Order. Hence

Fixed Overheads will be the same whether or not the special order is accepted, hence they are not included in the analysis.

Conclusion :

The amount of the incremental income from accepting the order is $21,750 .

5 0

3 years ago