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N76 [4]
2 years ago
8

If the number of memberships at the local gym increased from 400 to 500 when the membership price fell from $48 to $40 per month

, the absolute value of the price elasticity of demand coefficient, rounded to one decimal place, is:
Business
1 answer:
masya89 [10]2 years ago
8 0

The price elasticity of demand coefficient, rounded to one decimal place is 1.5

<h3>How to calculate price elasticity of demand</h3>

Change in price = $48 - $40

= $8

% change in price = 8/48 × 100

= 16.67%

change in quantity demanded = 500 - 400

= 100

% change in quantity demanded = 100/400 × 100

= 25%

Price Elasticity of Demand = percent change in quantity ÷ percent change in price

= 25% ÷ 16.67%

= 1.49970005998800

Approximately, 1.5

Learn more about price elasticity:

brainly.com/question/24384825

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7 0
2 years ago
During business cycle expansions when income and wealth are rising, the demand for bonds ________ and the demand curve shifts to
insens350 [35]

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5 0
1 year ago
Physicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $44,000; Allo
ivanzaharov [21]

Answer:

Entry: 1. Dr bad debts expense  5500

                    Cr Allowance for uncollectible accounts  5500

Explanation:

1.Account receivable =  $44000

Allowance for uncollectible accounts(Dec,31 2021) = $1100

44000* 15% = 6600 - 1100 = $5500 Allowance for uncollectible accounts

2.  Bad debts expense =  (44000* 15%) = 6600

3. Uncollecible accounts = (Open) Allowance for bad debts + Current year Allowance.

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6 0
3 years ago
ABC Corp., an issuer, is planning to implement an employee share purchase plan. Substantially all employee s that meet the limit
garri49 [273]

Answer:

The ABC Corporation is planning to implement an employee share purchase plan on the basis of the codification.

The codification that outlines that employees meeting the limited employment qualifications may participate on equitable basis is '718-50-25-1'.  

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8 0
3 years ago
Company A is considering a merger with Company B. A has 43,000 shares outstanding at a market price of $32 a share. B has 12,800
mrs_skeptik [129]

Answer: $1381400

Explanation:

From the question, we are informed that Company A is considering a merger with Company B and that A has 43,000 shares outstanding at a market price of $32 a share while B has 12,800 shares outstanding priced at $44 a share and the merger is expected to create $5,400 of synergy.

The total value of the merged firm will be:

= (43,000 × $32) + (12,800 × $44) + $5,400 - $563,200

= $1,376,000 + $563,200 + $5,400 - $563,200

= $1,944,600 - $563,200

= $1,381,400

6 0
3 years ago
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