An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand. The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).
Answer: A. the price of dairy products
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Answer:
- 4.12%
- 46.15%
Explanation:
1. The Return on Assets can be calculated by;
Return on assets = Profit margin * Assets turnover
So,
Profit Margin = Return on Assets/ Assets Turnover
= 7%/1.7
= 4.12%
2. The amount of debt in the company is the capital less equity and the Percent of Equity in the company is;
= Return on Assets / Return on Equity
= 7% / 13%
= 53.85%
Debt - to - Capital = 1 - 53.85%
= 46.15%
Answer:
B. is a franchisor.
Explanation:
A franchisor is a business that sells the right to use its name and sell its product to another business.
A franchisee is the business that buys the right from the franchisor.
A limited partnership is a form of partnership where one or more of the partners have a limited liability.
A subsidiary company is a company owned by the parent company.
I hope my answer helps you.
Answer:
Total labor cost= $70,000
Explanation:
<u>The supervisor salary is a fixed labor cost, it is unlikely that would change with production.</u>
<u>First, we need to calculate the unitary variable direct labor hour:</u>
Unitary variable direct labor hour= 30,000 / 3,000
Unitary labor hour= $10
<u>Now, the flexible budget for 5,000 hours:</u>
Fixed cost= 20,000
Variable cost= 10*5,000= 50,000
Total labor cost= $70,000
Answer:a) --A -$50.00
Explanation:
Using days of year = 360 days
Interest due = Principal x rate x period
= $1500 x 10% x 120/360
= $50
The total interest due on the maturity date is:__$50.00___
