Targeted levels of customer service
Answer:
:(A) present value factors
Explanation:
Given that you need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 3% per year.
i.e. we have to calculate how much to invest when we want to have 35000 dollars on hand after 5 years from today.
Rate is given as 3% per year.
So we have to find the present value factor
The formula used is if P is to be invested
P(1.03)^t = 35000 $ assuming compound interest.
So P = 35000 (1.03)^(-t)
Thus we are calculating present value factor
Answer is
:(A) present value factors
Tariffs can be helpful if the imports are unfairly cheaper than the domestic counterparts. This would level the playing field and help the domestic companies compete more effectively.
Tariffs can be harmful for consumers because there is strong possibility that the increased costs will raise consumer prices.
Answer:
A. Disagree
B. Disagree
C. Disagree
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is elastic if a small change in price leads to a greater change in quantity demanded. The absolute value of elastic demand is usually greater than 1.
Demand is inelastic if a small change in price has little or no effect on the quantity demanded. The absolute value of inelastic demand is usually less than 1.
Demand is unitary, if a change in price has the same proportional effect on quantity demanded. The absolute value of unitary elasticity of demand is equal to 1.
The absolute value of elasticity for cocaine is 0.2 which indicates that it has an inelastic demand, if price increases, there would be no change in the quantity demanded. Amount spent on cociaine would increase and producers revenue would rise.
The absolute value of elasticity for Christmas three is 1.3 which indicates that it has an elastic demand. If price falls, the quantity demanded would rise and revenue earned by sellers would rise as a result.
When elasticity of demand is unitary, an increase in price leads to the same proportional increase in revenue.
I hope my answer helps you
Answer:
The answer is: B) Debit balance of $10,000
Explanation:
Accounts Receivable account is an asset, and when assets increase, they have to be debited.
Before any adjustment was made, Accounts Receivable had a $6,000 balance. The new contract is worth $24,000 hat shall be divided into 6 months, which means $4,000 per month.
So at the end of the month the $4,000 form the new contract must be added to Accounts Receivable. This has to be done be a debit record of 6,000, so the adjusted balance of the account is 10,000.
