The situation that have inelastic demand are:
- Very costly goods
- Very cheap goods
<h3>What is an inelastic demand?</h3>
This class of demand is one where the change in quantity demanded due to a change in price is very small.
Hence, when there is very costly goods or cheap good, the inelastic demand can happens
Therefore, the Option C is correct
Missing options " A. Very costly goods. B. Very cheap goods.C. Both A and B. "
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Answer and Explanation:
Partial balance sheet of Vaughn Corporation is as follows:
Particular Amount
Current liabilities
Interest payable $88,000
Long-term Liabilities
Bonds Payable $2,300,000
Less: Discount on bonds payable ($95,000)
$2,293,000
Answer:
$11,000
Explanation:
Calculation of the amount that Discontinuing Catalog Sales should increase the company profits
First step
Online sales were $100,000 × Percentage of sales increase 10% =$10,000
Second step
Online Sales contribution margin/ Online sales
=$60,000/$100,000
=0.6
Third step
$10,000×0.6
=$6,000
Last step is to find the amount in which Discontinuing Catalog Sales should increase the company profits
$6,000+ Catalog Sales segment margin $5,000 =$11,000
Therefore Discontinuing Catalog Sales should increase the company profits by $11,000
Answer:
ERP
Explanation:
Based on the scenario being described within the question it can be said that for this situation you should probably select an ERP system. This is a centralized system that provides the company with complete integration of all of the different functions or divisions of the company, allowing everything to be analyzed easily and in unison.