A portfolio is a collection of information about a person . A website layout is A format for text and images on your website .
Answer: The price elasticity of demand for good A is 0.67, and an increase in price will result in a increase in total revenue for good A
Explanation:
The following can be deduced form the question:
P1 = $50
P2 = $70
Q1 = 500 units
Q2 = 400 units
Percentage change in quantity = [Q2 - Q1 / (Q2 + Q1) ÷ 2 ] × 100
Percentage change in price = [P2 - P1 / (P2 + P1) ÷ 2 ] × 100
% change in quantity = (400 - 500)/(400 + 500)/2 × 100
= -100/450 × 100
= -22.22%
% change on price = (70 - 50)/(70 + 50)/2 × 100
= 20/60 × 100
= 33
Price elasticity of demand = % change in quantity / % change on price
= -22.22 / 33
= -0.67
This means that a 1% change in price will lead to a 0.67% change in quantity demanded. As there was a price change, there'll be a little change in quantity demanded because demand is inelastic. Thereby, he increase in price will lead to an increase in the total revenue.
Therefore, the price elasticity of demand for good A is 0.67, and an increase in price will result in an increase in total revenue for good A
Based on the given scenario Beverly could best be described as servant leader.
A servant leader is a type of leader that is has the best interest of their organization or company and employee on mind.
They are more concern about the wellbeing and the need of their employee and they tend to show support or render support to their employee.
A servant leader often show empathy and they help people to develop as well as encourage the development, growth and training of their employee or people.
Inconclusion Beverly could best be described as servant leader.
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Answer:please refer to the explanation section
Explanation:
Centralized Purchasing is when one head quarters department controls and handles all the purchasing that is undertaken by the business. Big companies often adopt this management strategy in controlling and managing purchasing activities undertaken by the business. while centralized purchasing strategy may have certain advantages, there are disadvantages associated wiht centralized purchasing.
- Possible Delay in processing purchase requisitions from business branches in other areas for ad hoc goods.
When Purchases are centrally controlled and managed, Purchasing department will be dealing with many purchasing requisitions from different branches which may cause a delay in the processing of purchase requisitions for goods that are needed immediately which may cause frustration for businesses operating in other areas.
- When the central purchasing department is located far away form when the business is operating the business may loose local discount
When the purchasing department is located far away from where the business is operating, for instance in another city or even in another country the business will not be able to take advantage of local discounts from local suppliers.
Wald corporations should credit reatined earnings as $20,000 credited as revenue balance.
<h3>What is retained earning?</h3>
After paying all direct and indirect costs, income taxes, and dividends to shareholders, a company's profitability ratios are the amount of profit left over.
This is the part of the statement of financial position that can be utilized to invest in new equipment, research and development, and marketing, for example.
Revenues will enhance the retained profits balance, while expenses will lower it the reason behind this is they both come under the Income statement.
Therefore, retained earnings are considered as profitable income of the organization it is credited as revenue balance in the financial statement.
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