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iren2701 [21]
3 years ago
8

A customer, who needs to drive to work in a Wisconsin winter, has a critical need to use the product Ice Melt. For him as a cons

umer Ice Melt has an inelastic demand because he needs to drive to work. Which type of factor is affecting elasticity in this scenario?
Business
1 answer:
Blizzard [7]3 years ago
5 0

Answer:

Urgency / Postponement leads to customer inelastic demand of ice melt.

Explanation:

Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price

Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,

Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price

Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.

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The shareholder-debtholder conflict refers to:________
Lera25 [3.4K]

Answer:

C

Explanation:

The shareholder-debtholder conflict usually arises because shareholders would prefer the firm to engage in more risky business activities. This is because this has the potential to increase the income of the firm and as a result, the wealth of shareholders.

On the other hand debtholders would not want the firm to engage in risky activities because it might negatively affect the firm's ability to make its schedules payments to debtholders.

In order to protect themselves, debtholders usually draft a deb covenant which contains allowable activities of the firm

4 0
3 years ago
Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t
Pie

Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

= $18,000

Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

4 0
3 years ago
A researcher wants to test the order of integration of some time series data. He decides to use the DF test. He estimates a regr
pav-90 [236]

Answer:

a) H0: u = presence of a unit root

   HA: u ≠ presence of a unit root  ( i.e. stationary series )

b) t stat = -0.064

c) We will reject the Null hypothesis and the next step will be to accept the alternative hypothesis

d) It is not valid to compare the estimated t stat with the corresponding critical value because a random walk is non-stationary while the difference is stationary because it is white noise

Explanation:

<u>a) stating the null and alternative hypothesis</u>

H0: u = presence of a unit root

HA: u ≠ presence of a unit root  ( i.e. stationary series )

<u>b) performing the test </u>

critical value = -2.88

T stat = coefficient / std error

          = -0.02 / 0.31  = -0.064

c) From the test, the value of T stat > critical value we will reject the Null hypothesis hence the next step will be to accept the alternative hypothesis

d) It is not valid to compare the estimated t stat with the corresponding critical value because a random walk is non-stationary while the difference is stationary because it is white noise

   

5 0
3 years ago
Lego en tu cuaderno un cuadro como el siguiente banderín de causas consecuencias y propuestas para la salida de la crisis económ
Butoxors [25]

Answer:

hi im just getting my points

Explanation:

and im good btw

8 0
3 years ago
Ramone, a human resource manager, works for TelVille Inc. Initially, he was responsible only for recruitment. After a promotion,
Vinvika [58]

Answer: Both the roles that Ramone played were specialist roles.

Explanation:

From the question it can be noticed that both job roles handled by Ramone the human resource manager of his company are specialist roles. A specialist job role involves an employee just handling a single special task for his/her organization. Employee benefits and requirements are both specific job tasks in human resources.

4 0
4 years ago
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