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3 years ago

If the quantity demanded of a good does not change much when the price change, the good is relatively

Business

1 answer:

Vanyuwa [196]3 years ago

7 0

Answer:

i think the demand can be inelastic, unit elastic, or elastic, and can range from zero to infinity. If the quantity demanded doesn't change when the price changes, the price elasticity of demand is zero and the good as a perfectly inelastic demand.

Explanation:

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5. The demand for professional education is increasing these days. Put your views to support the

Alja [10]

Answer:

Professional education helps to rectify the errors in business

Explanation:

3 0

4 years ago

Sheridan Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports G

BigorU [14]

Answer:

b. $19500000.

Explanation:

Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.

Total Contribution can be determined by calculating adding estimated contribution of each division.

Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%

Fixed cost = $7,215,000

Break-even point = Fixed cost / Contribution margin ratio = $7,215,000 / 37% = $19,500,000

7 0

3 years ago

Read 2 more answers

Assume you can earn 9 % per year on your investments. a. If you invest $ 100 comma 000 for retirement at age 30, how much will

alekssr [168]

Answer:

(a) future value = $2041396.79

(b) future value = $862308.06

(c) financially suggest to invest early so that here amount fetch maximum returns

Explanation:

given data

rate = 9%

solution

when we invest = $100,000

time t = 35 year

so we get here future value FV

FV = Present value × $(1+r)^{t}$ ...................1

FV = $100,000 × $(1+0.09)^{35}$

FV = $2041396.79

and

when time will be 25 year

future value will be

FV = Present value × $(1+r)^{t}$ .................2

Fv = $100,000 × $(1+0.09)^{25}$

FV = $862308.06

and

we can see difference is large because of the compounding effect

so the financially suggest to invest early so that here amount fetch maximum returns

6 0

4 years ago

A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2021. Accounting records on that date indicated the following:

wel

Answer:

$1,040,000

Explanation:

The calculation of cost of the inventory is shown below:-

Cost of Goods available for sale = Inventory balance + Purchase to date + Freight In

= $2,000,000 + $5,900,000 + $500,000

= $8,400,000

Cost of Goods Sold = Sales to date - (Sales to date × Gross profits)

= $9,200,000 - ($9,200,000 × 20%)

= $9,200,000 - $1,840,000

= $7,360,000

Estimated loss from fire = Cost of Goods available for sale - Cost of Goods Sold

= $8,400,000 - $7,360,000

= $1,040,000

For computing the estimated loss from fire we simply applied the above formula.

3 0

4 years ago

When choosing quality assurance/improvement indicators, the nursing staff strives to:?

mafiozo [28]

If the nursing staff choose quality assurance/improvement as a work technique then they would be anxious to ensure their work was done to a high quality in terms of such things as giving their patients their medicine on time and having a good bedside manner and as far as improvement goes they could ensure that they listened to their patients' concerns and implemented corrections to their behaviour accordingly.

4 0

3 years ago