Demand for a specific brand ______ demand for the corresponding product category.
Answers
Demand for a specific brand is more elastic than demand for the corresponding product category.
The extent to which demand needs to respond to a shift in an economic aspect is referred to as demand elasticity. One of most common economic aspect used to determine elasticity is price. Many other factors include level of income and substitutes that are available. Elasticity attempts to measure how demand changes in response to changes in economic factors.
Demand elasticity is the degree to which demand should respond to a shift in an economic standpoint. Price is a popular economic driver used to ascertain elasticity. Many other factors include level of income and readily accessible substitutes. Elasticity attempts to quantify how demand responds to shifts in economic factors.
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Related Questions
Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answers
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.
All of the following tests are included in the ethical decision-making metric exceptA) the admired observer test.B) the legality test.C) the moral mentor test.D) the publicity test.E) the transparency test.
Answers
The ethical decision-making metric typically includes tests such as the legality test, the moral mentor test, and the admired observer test.
What is the legality test?The legality test refers to whether the decision aligns with the laws and regulations in place. The moral mentor test involves considering what a respected moral authority, such as a religious figure or personal hero, would do in a similar situation. The admired observer test involves asking how one's actions will be perceived by those they admire and respect.
Option D, the publicity test, is not typically included in the ethical decision-making metric. The publicity test refers to whether a decision would be considered ethical based on how it would be perceived by the public. While public perception can be a factor in ethical decision-making, it should not be the sole determining factor.
Option E, the transparency test, also may not be included in the ethical decision-making metric but it is an important aspect of ethical decision making. Transparency refers to being open and honest about one's actions, and ensuring that all relevant information is disclosed. This helps to build trust and accountability, and ensures that decisions are made in an ethical and responsible manner. Ultimately, the specific tests included in an ethical decision-making metric may vary, but the aim is to help individuals make decisions that are in line with their values, principles, and the greater good.
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A plant nursery is having a sale. Potted begonias are marked down 27%, and tomato seedlings are marked down 35%. If you pay $6.57 each for two potted begonias and $2.60 each for three tomato seedlings, how much did you save? a. $3.83 b. $5.31 c. $6.92 d. $9.06 Please select the best answer from the choices provided A B C D
Answers
Answer:
d. $9.06
Explanation:
Potted begonias were purchased at $6.57 each. It means that $6.57 represents the original price less 27% discount.
$6.57 equal to 73% of the original price.
The original price is $6.57/73 x 100
=0.09 x 100
=$9.
Tomato seedlings cost $2.60 each.
$2.60 represents the original price less 35% discount
$2.60 is the equivalent of 65% of the original price.
100 % = 2.60/65 x 100
=0.04 x 100
=$4
Total savings will be as follows.
Each Potted begonias saves $9 - $6.57= $2.43
two potted begonias save $2.43 x 2 =$4.86
Each tomato seedlings saves $4-$2.60= $1.40
Three tomato seedling will save = $1.40 x 3 = $4.2
Total savings will be $4.86 + $4.2= $9.06
Answer:
D on ED2021
Explanation:
Got it right 2021 ED
Economics is the study of how fairly goods and services are distributed within society.
Answers
The discipline of economics examines how fairly goods and services are allocated across society. In general, economics is concerned with activities related to the creation and consumption of goods and services.
Efficiency in free market (or capitalist) economies is determined by how much gain can be made from the use of limited resources. Societies are more effective the higher the advantages attained.
No nation is completely capitalism or completely socialist, but some (like the US) lean more one way or the other (e.g. North Korea). Free markets and minimal government intervention are preferred in capitalist , which typically leads to greater income disparities, higher unemployment rates, but also more overall wealth. For this reason, social safety nets like Social Security, Medicare, welfare, and food stamps are developed in capitalistic nations.
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Karen works in a department store. Her coworkers have diverse cultural backgrounds. Which statement shows that Karen understands the importance of multiculturalism?
A.
She values a consistent focus on knowing and completing her daily tasks.
B.
She expects everyone to conform to the same ideas about punctuality.
C.
She appreciates how other perspectives enhance customers’ shopping experiences.
D.
She values completing a job on schedule more than taking time to build relationships.
Answers
A.
She values a consistent focus on knowing and completing her daily tasks.Answer:
Explanation:
Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
whether a contract is bilateral or unilateral depends on what response the offeror( the party proposing the contract) expects from the oferee (the person agreeing or accepting the contract) true or false
Answers
The answer that the offeror—the party proposing the contract—expects from the offered—the party consenting or accepting the contract—determines whether a contract is bilateral or unilateral.
What factors determine whether a contract is unilateral or bilateral?The number of parties involved in bilateral contracts is one. A single party will form a contract or pledge for a particular or broad group of people under a unilateral agreement. However, in bilateral contracts, a commitment must be negotiated, accepted, and carried out by at least two parties.
Is the nature of a contract—bilateral or unilateral—determined by the reaction that the offeror anticipates from the offeree?Whether a contract is bilateral or unilateral is determined by the response that the offeror anticipates from the offeree. Explanation: A bilateral contract—often referred to as a promise in exchange for a promise—is one in which the offeror requires a promise from the offeree in order to create a legally binding agreement.
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1.In a free market society, the answer to the question about how much to produce is determined
by -
A. census data
B. profit projections
C. consumer demand
D. government quotes
Answers
Answer:
C
Explanation:
Supply is relative to demand, and how much you produce will depend on how much you'll need to produce, which is demand.
If an error is found when posting to the ledger, how would it be corrected?
Answers
Most time, when an error is found when posting to the ledger, it would be corrected by reversing the incorrect entry and use a second journal entry to record the transaction correctly,
What is a ledger error?In a ledger, the error can be called a wrong posting may be in the forms of posting a wrong amount to a ledger account or posting to the wrong side of an account or double posting.
All these type of errors affect mostly only one side of ledger accounts and they are mostly revealed by the trial balance through disagreement of debit and credit totals.
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when must interest and principal payments on a Stafford Student Loan begin
Answers
Answer:
The interpretation of the issue is listed throughout the clarification section below.
Explanation:
As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.
1. You are paying into a mutual fund that earns 6% compound interest. If you are making an annual contribution of $10,000, how much will be in the funds in 20 years?
2. You want to save money from your business operation to replace a truck that has been used in delivery. The truck will be replaced after 10 years from now and the replacement cost would be about $50,000. If you earn 6% interest on your savings, how much must you deposit at the end of each year to meet the needs?
Can you solve those questions above. Thank you!
Answers
1. After 20 years, the mutual fund will have approximately $332,386.98.
2. You must deposit $3,984.72 at the end of each year to meet the needs.
1. To find the future value of the mutual fund, we use the formula for the future value of an annuity: FV = P * [(1 + r)^t - 1] / r, where P is the annual contribution, r is the interest rate, and t is the number of years. In this case, P = $10,000, r = 0.06, and t = 20. Plugging these values into the formula, we get FV = $10,000 * [(1.06)^20 - 1] / 0.06 ≈ $332,386.98.
2. To find the amount to deposit each year, we use the formula for the present value of an annuity: PV = P * [1 - (1 + r)^-t] / r, where PV is the present value, r is the interest rate, and t is the number of years.
In this case, PV = $50,000, r = 0.06, and t = 10. Rearranging the formula to solve for P, we get P = PV * r / [1 - (1 + r)^-t] = $50,000 * 0.06 / [1 - (1.06)^-10] ≈ $3,984.72.
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A licensed business entity acting as an insurance agent MUST
Notify the Bureau of Insurance of any fictitious name used
Report commissions to the Bureau of Insurance
Complete continuing education requirements every 5 years
Have been conducting business in Virginia for 3 years
Answers
A licensed business entity acting as an insurance agent MUST have all of the above. The correct answer is option e.
A licensed business entity acting as an insurance agent must adhere to certain obligations in Virginia.
Firstly, it is required to notify the Bureau of Insurance if it uses any fictitious name while conducting its operations. This ensures transparency and accountability in the insurance industry. Secondly, the entity must report commissions earned to the Bureau of Insurance, enabling the regulatory authority to monitor financial transactions and ensure compliance with applicable regulations.
Additionally, the business entity is obligated to complete continuing education requirements every five years. This ensures that agents stay updated with industry developments, enhancing their knowledge and skills.
Lastly, the entity must have a minimum of three years of business experience in Virginia, establishing a foundation of expertise and reliability within the state's insurance market.
The correct answer is option e.
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Complete question
A licensed business entity acting as an insurance agent MUST
a. Notify the Bureau of Insurance of any fictitious name used
b. Report commissions to the Bureau of Insurance
c. Complete continuing education requirements every 5 years
d. Have been conducting business in Virginia for 3 years
e. all of the above
If a firm wished to maximize total revenues, it should produce where: a. marginal revenue is equal to marginal cost. b. marginal revenue is zero. c. marginal cost is zero. d. marginal revenue is equal to price.
Answers
Answer:
A. marginal revenue is equal to marginal cost
If a firm wished to maximize total revenues, it should produce where marginal revenue is equal to marginal cost. Thus, option A is correct.
What is the marginal cost?The marginal cost is the rise in production costs caused by the manufacture of more product units. It's also referred to as the marginal cost of manufacturing. Measuring the marginal cost enables businesses to determine how volume produced affects cost and, eventually, profits.
The marginal cost is the incremental cost of producing an additional item. Assume that it costs $100 to produce 100 vehicle tires. It would cost $80 to create one extra tire. This is the marginal cost: the cost of producing one more unit of an item or service. The marginal cost is determined by the costs of production.
To maximize overall revenues, a company should create where marginal revenue equals marginal cost. As a result, option A is correct.
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What is defined as a budget surplus? (1 point)
O Spending exceeds income.
OA spending necessity.
OA spending desire or luxury.
O Take-home pay exceeds spending.
Answers
Take-home pay or income exceeds spending is defined as a budget surplus.
When income surpasses expenditure, there is a budget surplus. Since people often have "savings" rather than a "budget surplus," which is a sign that a government's finances are being handled well, the word is frequently used to describe the financial situation of the government.
A budget excess might be put to use for a purchase, debt repayment, or retirement planning. If a community has a budget surplus, it could utilize that money to make renovations, such reviving a run-down park or downtown. There is a budget imbalance when expenses go beyond revenues. Similar to when someone spends more than they make and pays interest on a credit card debt, deficits require borrowing money and paying interest. When spending and revenue are equal, a budget is balanced.
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Define logistics management. Click the answer you think is right. It is the management of the movement of materials and information within, into, and out of a firm. It is the management of processes used to identify, acquire, and administer inputs to a firm. It is the management of the customer interface, including all aspects of order processing and fulfillment. It is the management of functional groups such as distribution, sales, order fulfillment, and customer service.
Answers
Answer:
The correct answer is the first option: It is the management of the movement of materials and information within, into and out of the firm.
Explanation:
To begin with, the term of "Logistics" refers to the detailed organization and implementation of a complex operation. When it comes to the business field, the companies that have logistics and they need to manage it, tend to organize as much as possible what they use as materials and information of the company that needs to be moved from one place to another and they use the management of the logistics so that process can be improve and the company can count with its resources whenever they need to.
Which are OECD countries?
Answers
Answer: The Organization for Economic Cooperation and Development (OECD) is an international organization that promotes economic development and cooperation among its member countries. The OECD was founded in 1961 and currently has 37 member countries, including:
AustraliaAustriaBelgiumCanadaChileCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIrelandIsraelItalyJapanSouth KoreaLatviaLithuaniaLuxembourgMexicoNetherlandsNew ZealandNorwayPolandPortugalSlovakiaSloveniaSpainSwedenSwitzerlandTurkeyUnited KingdomUnited StatesThe OECD member countries are generally considered to be developed countries with high levels of economic development and quality of life. The organization's main focus is on improving economic and social outcomes for its member countries through research, policy analysis, and the sharing of best practices.Answer:
theyre organizations for economic cooperarion and development
Explanation:
Which of the following is true? Volatility smile for European calls is the same as that for American calls Volatility smile for American puts is the same as that for American calls Volatility smile for European puts is the same as that for American puts O Volatility smile for European puts is the same as that for European calls
Answers
To answer your question, the correct statement is: "Volatility smile for European puts is the same as that for European calls."
This means that the pattern of implied volatility for options with different strike prices but the same expiration date is similar for both European puts and European calls. This is due to market participants being willing to pay a higher price for options that are farther out of the money, which leads to an increase in implied volatility.
In contrast, the other statements are not true. The volatility smile for American calls is different from that for European calls because American options can be exercised before expiration, leading to different pricing behavior. Similarly, the volatility smile for American puts is different from that for American calls due to the difference in the option's payoff structure.
In conclusion, understanding the concept of volatility smile is important for option traders and investors, as it can provide insights into market expectations and potential risks.
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giant co. acquired posey, inc., in a 100% acquisition on january 1, year 1. posey continued to exist and operate as a separate entity. depreciation expense on a consolidated basis for year 1 will be:
Answers
Posey's depreciation expense, the depreciation charge on the difference between the fair value and book value at the time of acquisition, and Giant's depreciation expense calculated using Giant's book values.
How is goodwill calculated in the quizlet "100�quisition"?The part of the acquisition price that is greater than the net asset fair values of the acquired firm is known as goodwill.
How are internal R&D activities accounted for under IFRS and GAAP?Under both IFRS and U.S. GAAP, research is capitalized and development is expensed.
How is the acquisition method used to calculate the reported goodwill amount?The amount of goodwill is determined by subtracting the net identifiable assets purchased from the total consideration given from the acquirer to the acquiree.
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beginning inventory is $60,000. purchases of inventory during the year are $100,000. cost of goods sold is $120,000. what is ending inventory?
Answers
Answer:
Beginning inventory is $60,000. Purchases of inventory during the year are $100,000. Cost of goods sold is $120,000. What is ending inventory? $40,000
Explanation:
if a company has $75,000 in net income and pays out $17,000 in dividends, then the rounded plow-back ratio will be: group of answer choices 77% 23% 17% 75%
Answers
The rounded plow-back ratio is 77%. Therefore, the correct option is A.
We are required to calculate the plow-back ratio for a company with $75,000 in net income and $17,000 in dividends.
Follow these steps to determine the plow-back ratio:1. Calculate the retained earnings by subtracting the dividends from the net income:
Retained earnings = Net income - Dividends
Retained earnings = $75,000 - $17,000
Retained earnings = $58,000
2. Calculate the plow-back ratio by dividing the retained earnings by the net income and multiplying by 100 to get the percentage:
Plow-back ratio = (Retained earnings / Net income) * 100
Plow-back ratio = ($58,000 / $75,000) * 100
Plow-back ratio ≈ 77.33%
Based on the given answer choices, the rounded plow-back ratio for the company is 77%.
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Greg and Jerry are depositing money into savings accounts. Greg deposits $500 into an account
for 2 years with 2% interest. Jerry despots $700 into a different account for 1 year with 3% interest.
Who eams the greatest overall percent interest? Show your work and explain.
Answers
Answer: Jerry
Explanation:
Greg deposits $500 into an account for 2 years with 2% interest, the interest gotten will be:
= $500 × 2 × 2%
= $500 × 2 × 0.02
= $20
Jerry despots $700 into a different account for 1 year with 3% interest, the interest gotten will be:
= $700 × 1 × 3%
= $700 × 1 × 0.03
= $21
Based on the calculation, Jerry makes a greater interest.
in an indirect message, valid reasons for the refusal are presented before the bad news. which option is most effective? a.if we accepted your rather dated desktops and laptops, we would risk software incompatibility, high repair bills, and substantial replacement costs for missing input and output devices.
Answers
Option A is the most effective indirect message, as it presents valid reasons for the refusal (software incompatibility, high repair bills, and substantial replacement costs) before delivering the bad news of not accepting the dated desktops and laptops.
In an indirect message, presenting valid reasons for the refusal before delivering the bad news is most effective.
What is an indirect message?
An indirect message is a communication strategy that is used to deliver unpleasant or unwelcome news to a person or group of people in a way that is diplomatic and gentle. The message may contain information about the refusal, bad news, or unfavorable news. The goal is to present the news in a way that avoids hurting the recipient's feelings or causing an emotional reaction.
How to make an indirect message most effective?
When it comes to making an indirect message effective, it's crucial to keep the following points in mind: Begin with a positive or neutral opening that sets the tone for the message's remainder. For instance, "Thank you for your interest in our product. "Next, provide a compelling reason for the rejection, such as "We have already received too many applications for the position. "Then, offer constructive feedback, such as "We appreciate the time and effort you put into your submission. "Finally, express goodwill, such as "We hope you'll consider us again in the future."So, in an indirect message, presenting valid reasons for the refusal before delivering the bad news is most effective.
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What is a sales quote?
Answers
Answer:
Explanation:
A sales quote allows a prospective buyer to see the costs that will be involved for desired work.
A FEATURE FILM PROMOTING ENTREPRENEURSHIP SOLD ALMOST HALF OF THE TOTAL TICKETS. TICKETS WERE PRICED AT PHP 75 FOR STUDENTS. IF THE AMOUNT COLLECTED FROM THE TICKETS WAS PHP 11,250,HOW MANY TICKETS OF STUDENTS WERE SOLD?
Answers
Answer:
150 tickets
Explanation:
Writing out needed parameters :
Price per student ticket (price of one student ticket) = PHP 75
The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250
The number of student tickets sold will be:
Total amout earned from sale / cost per ticket
PHP 11250 / PHP 75
= 150 tickets
Which of these scenarios would lead to an industry requiring more productive workers?
A. Supply of goods increases, and demand for goods decreases
B. Supply of good decreases, and demand for goods increases
C. Supply of goods increases, and demand for goods remains the same
D. Supply of goods decreases,and demand for goods remains the same
Answers
Answer:
B- Supply of goods decreases, and demand for goods increases.
Explanation:
I took the quiz
Answer:
Supply of goods decreases, and demand for goods increases.
That a company may need security clearance is a possible reason for offering which type of tender?
Answers
A company may need security clearance is a possible reason for offering a Restricted tender.
What is a security clearance?Upon the execution of a comprehensive criminal record check, persons are given the status of having possession of restricted locations or classified material.
With restricted tendering, only a small group of manufacturers, suppliers, or telecommunications companies are invited to submit bids. This is due to the possibility that the firm requires clearance with regard to security.
This provides them with the security that the company is a legit one and would not be any complications in future.
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Chen is listing questions to help him evaluate his career choice of French language translator. Which question would best help him think critically about his career choice?
Answers
Answer:
This question is incomplete, it misses the options. The optiones are the following:
A. Which countries in the world have French as their first language? B. How much will it cost to train for this career choice? C. Which language other than French is beneficial to learn? D. Is translation a career that many people respect?
And the correct answer is the option B: how much will it cost to train for this career choice?
Explanation:
To begin with, the fact that the second question is the one that will best help him in order to think critically about his career choice is that because he needs to now how much will he need in order to learn that career and if the costs will be worth it in the case of choosing it and for that he will need to compare the costs with the approximates benefits that he will have in the future. That is why, Chen needs to questions himself if the costs will be worth it.
Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answers
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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please help!!!!!!!!!!!
Answers
Answer:
(1) Customers rating a new car model on social media - External info
(2) Company info
(3) External info
(4) Company info
Explanation: Company information is basically explaining information abt the product or what it is they're selling. External information is the feedback or in other terms "review" on a companies item. Hope this helped <3
(The #'s are the examples in the boxes starting from left to right btw)
Ivanhoe chemicals company acquires a delivery truck at a cost of $20,600 on january 1, 2025. The truck is expected to have a salvage value of $3,600 at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the straight-line method
Answers
Each year of an asset's useful life receives an equal amount of depreciation expense under the straight-line method of depreciation. We must first determine the truck's depreciable cost in order to determine the annual depreciation for the first and second years for Ivanhoe Chemicals Company's delivery truck. The asset's purchase price less the projected salvage value at the end of its useful life is the asset's depreciable cost.
The truck's depreciable cost can be computed using the formula below:
Depreciable cost is the asset's cost less its salvage value.
The depreciable cost is $20,600 - $3,600.
The depreciable cost is $17,000.
The annual depreciation expense for the first and second years can now be calculated using the straight-line method. The equation for straight-line depreciation the formula is:
Divide the depreciable cost by the useful life to get the annual depreciation cost.
The concerned truck has a five-year useful life. The annual depreciation expense can be computed as follows for the first and second years:
Annual Depreciation Cost = Depreciable Cost / Useful Life in Year 1.
The annual depreciation expense is $17,000 / 5.
The annual cost of depreciation is $3,400.
Year 2: As follows is how the cost of annual depreciation is calculated: Utilisable life / Depreciable cost
The annual depreciation expense is $17,000 / 5.
The annual cost of depreciation is $3,400.
As a result, the straight-line method results in an annual depreciation expense of $3,400 for the delivery vehicle owned by Ivanhoe Chemicals Company.
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