Suppose the demand function for good X is given by: where is the quantity demanded of good X, is the price of good X, and is the price of good Y, which is related to good X. Using the midpoint method, if the price of good X is constant at $10 and the price of good Y decreases from $10 to $8, the cross price elasticity of demand is about:_________
Answers
Answer:
Quantity demanded is -0.4
Explanation:
Quantity demanded is -0.4 if the prices decline from $8 to $10. The cross price elasticity is the change in quantity demanded for the goods when the price of other goods changes. The price change can be minor and the quantity demanded change can be high.
Related Questions
use 3 different insurance company in canada and discribe its pros and cons on
life Insurance product
Answers
Whole, universal, and variable are the three primary categories of permanent life insurance.
Which life insurance policy is the most typical?Term life insurance is the sort of life insurance that is most popular. The most straightforward and cost-effective sort of life insurance is term. It offers protection for a set amount of time, or "term." Your beneficiaries will receive a death benefit if you pass away within the policy's term.
What is the term for insurance in Canada?concerning Medicare. Canada's publicly funded healthcare system is referred to as Medicare. There are 13 provincial and territorial health insurance plans, not a single federally regulated one.
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It is an attempt to combine separate economies into larger economic region.
Answers
Answer:
economic integration I believe
Due to a downturn the wage of entry level workers has declined by 10 per cent, as a
result 100 entry-level workers get jobs and around 30 senior workers (15 %) would be
laid off.
(a) (5 points) Calculate the cross elasticity of demand for senior workers? Are senior
workers and entry-level workers gross complements or gross substitutes?
(b) (7 points) Which effect dominates in our example: substitution or scale effect?
How?
(c) (6 points) How would the demand curve for senior workers change if the wage paid
to entry-level workers rises?
Answers
The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.
The scale effect dominates in this example.
If the wage of the entry level workers increase, the demand curve would shift to the right.
What is the crosss price elasticity?
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = 15% / 10 = 1.5
Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.
What is the effect on the demand curve if the wages of entry level workers increase?If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.
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need help in these question
Answers
Answer:
one sec i can help
Explanation:
An investment offers a total return of 12 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8.3 percent. What does Janice believe the inflation rate will be over the next year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Answers
According to Janice, the yearly rate of inflation will be 3.4%.
Why do you use the term inflation?The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps. nations have gone through protracted periods of instability due to inflation.The costs of products and services are always subject to change in a market economy. Some prices increase while others decrease. When the cost of products and services rises broadly rather than simply for specific items, it is said to be experiencing inflation.
(1 + R) = (1 + r)(1 + h)
H = (1 + .12)/(1 + .083) - 1
H = 0.0340 or 3.40%
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IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of the company. Sweden is a neutral country, so maybe this is the way to go for a global company, but is smart to be too centric to a specific country when you are a global corporation
Answers
Answer:
It can be a smart strategy if the country has a significant amount of soft power (power not on military or economic terms, but on cultural and social terms).
Explanation:
For example, Sweden is a country that enjoys a high level of prestige around the world, because it is a very well developed country, with a very high standard of living, an economic model that many people admire (the Nordic Model), and several cultural exports like Volvo cars, or ABBA, that enjoy popularity around the world.
IKEA, in that sense, is like another Swedish cultural export, and when people go to an IKEA, they go expecting to find something "Swedish", so in this sense, the strategy can clearly pay off because of the soft power that Sweden has.
Executive Summary Transaction Overview Davis Industries Corporation ("Davis Industries" Or The "Company"
Fill out the grey columns
Answers
The amounts shown in gray columns are as follows: 64.1, 21.2, and 126.0 make up the total of 211.3.
Why is it referred to as an executive summary?The report's most important points should be summarized in an executive summary. It ought to repeat the reason for the report, feature the significant marks of the report, and portray any outcomes, ends, or proposals from the report.
They are referred to as executive summaries because their intended audience is the busy executive who may be required to make decisions regarding funding, personnel, or policy based on project findings or recommendations. By using market research, project examples, independent data, testimonials, etc., but not generalizing or expressing opinions, The reader may be misled. Keep your audience from coming to an unintended conclusion or recommendation. Concentrate on the facts.
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A local pharmaceutical firm of Pakistan has decided to restructure its end to end process as per the quality standards of DRAP (Drug Regulatory authority of Pakistan). The management is keen to implement Quality Management organization wide. You are asked to analyze the entire transformation. • Employee involvement and its benefits • The role of the top management in enforcing quality management • Guidelines of quality costing system ensuring no damages • Requirement for ISO certification
Answers
Answer:
The restructure of the local pharmaceutical firm will cause a great change which is discussed below
Please mark brainliest
Explanation:
The restructure of the local pharmaceutical firm will cause a great change which is discussed below:
Employee involvement and its benefits:
The employees will be greatly involved in the restructure as they will be required to take more precautions while preparing or carrying the medicines, the employees involved in the procedure will be provided with a better health.
The role of the top management in enforcing quality management
The top management will play a vital role in the restructure of the firm because they are responsible for managing its employees and they will be the one imposing all the strict rules which will be required to be followed by the firm.
Guidelines of quality costing system ensuring no damages
This restructure will effect the finance department as well in a way to calculate the cost of the quality measures which will be taken, the operating cost is likely to be increased.
Requirement for ISO certification
The firm will have to get an ISO certificate which will be the proof that the firm follows proper safety measures, the certificate will be provided upon careful investigation of the firm by ISO.
Explain the reason for conducting a sample survey rather than a
full-scale survey
Answers
Answer:
Samples are easier to collect data from because they are practical, cost-effective, convenient, and manageable. It also reduces the time needed to collect and process the data and produce results as it requires a smaller scale of operation.
Explanation:
The reason for conducting a sample survey rather than a full-scale survey is primarily based on cost and time considerations.
Sample surveys are often more feasible and cost-effective than conducting a full-scale survey, especially when the population size is very large.
For instance, in social studies or business research, sample surveys are often conducted to gather information on a particular demographic group or industry sector.
Sample surveys provide an accurate representation of the population under study and allow for the collection of data that can be analyzed to make informed judgments and decisions.
Furthermore, in the economy and accounting fields, sample surveys can provide insight into the demand for certain goods or services, helping businesses adapt to changing market conditions.
While full-scale surveys may be more comprehensive, they may not always be necessary or practical. By using a representative sample, researchers can gather data that is statistically significant and can provide insights into the overall population.
Overall, sample surveys are an essential tool for gathering data in a cost-effective and efficient way.
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The following are effective means of internal cash controls except OA. using checks in pre-numbered sequence to help trace deposits back to the original document B. having signature cards for all employees so anyone can make deposits OC. paying by electronic funds transfer OD. sending checks for verification A
Answers
The following are effective means of internal cash controls except:(B) having signature cards for all employees so anyone can make deposits
What are internal cash controls?
The internal cash controls are mechanisms put in place by the company to ensure the safety of its cash and account balances, I mean so as to avoid fraud and collusion by employees to defraud the company, which means that having pre-numbered sequence for checks so as to be able to trace deposits made into bank account source document is an internal control procedure.
Besides, making payments through electronic means rather than by cash nips in the bud situation where large sum of money can be stolen, so also, the verification of checks to serve second level authorization that the checks were issued is an internal cash control step.
However, creating signature cards for all employees is a breach of internal control since giving cash or checks to all employees to make deposits means that everyone has access to the cash or checks where the responsibility is meant for selected few who can be trusted not divert funds or checks belonging to the company.
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pllzzzzzzzzzzzzzzzzz
Answers
Answer:
liability risk
Explanation:
Answer:
liability risk is right opstion
Jim buys a 5 percent bond in the amount of $100. If the market interest rate increases to 10 percent Jim can sell his bond for up to:
Answers
Answer:
$50
Explanation:
Jim buys a 5% bond
The amount is $100
The market interest rate increases to 10%
Therefore the price at which the bond cann be sold is calculated as follows
= 5×100
= 500×0.01
= 50
Hence it can be sold for $50
Mortgage Details
Principal $150000
Loan Length 30 years
Interest Rate 4%
Monthly Payment $716
After 10 years, the
principal on this
mortgage is $113,900.
How much of the next
payment will go
towards principal?
A. $455.61
B. $379.67
C. $336.33
D. $404.39
Answers
The answer is C. $336.33. In a typical mortgage payment, a portion goes towards the principal (the amount borrowed) and a portion goes towards the interest (the cost of borrowing).
In the first few years of a mortgage, most of the payment goes towards interest, while the amount towards the principal is relatively small. As time goes on and more of the principal is paid off, a larger portion of each payment goes towards the principal and less towards interest. In this scenario, after 10 years, the principal on the mortgage is $113,900. This means that $36,100 ($150,000 - $113,900) has been paid towards the principal over the first 10 years.
To calculate how much of the next payment will go towards principal, we need to first calculate how much of the payment goes towards interest. To do this, we can use the formula:
Interest payment = Current principal x Monthly interest rate
where Monthly interest rate = Annual interest rate / 12
Plugging in the values given in the question, we get:
Monthly interest rate = 4% / 12 = 0.003333
Interest payment = $113,900 x 0.003333 = $379.67
Now we can calculate how much of the next payment will go towards principal:
Principal payment = Monthly payment - Interest payment
Principal payment = $716 - $379.67
Principal payment = $336.33
Therefore, the answer is C. $336.33.
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. A firm has $5 billion outstanding in long-term bonds. The firm currently has sufficient cash flow to make the scheduled coupon payments but would struggle to make those payments in the future if a substantial weakening of the economy occurs. The most likely rating on these bonds is:
a. B.
b. CCC.
c. AAA.
d. BBB.
Answers
The most likely rating for these bonds would be CCC based on the information supplied. As a result, choice (B) is a correct response.
The most probable rating for these bonds, according on the information given, is CCC. According to the presented scenario, the company might have trouble making future coupon payments if the economy significantly weakens. This implies that the company's financial health and credit standing may be in jeopardy.
Bonds with a CCC rating often have a very high credit risk, meaning there is a high chance they will fail or have payments fall behind schedule. This grade is in line with the described circumstances and expresses worries about the firm's capacity to pay its debts in the future.
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What criteria do accountants use to decide whether to use present or future values in accounting statements?
Answers
Answer:
Present value is nothing but how much future sum of money worth today. It is one of the important concepts in finance and it is a basis for stock pricing, bond pricing, financial modeling, banking, and insurance, etc. Present value provides us with an estimated amount to be spent today to have an investment worth a certain amount of money at a specific point in the future. Present value is also called a discounted value. It is an indicator for investors that whatever money he will receive today can earn a return in the future. With the help of present value, method investors calculate the present value of a firm’s expected cash flow to decide if a stock is worth to invest today or not.
The formula for calculating PV is shown below
PV = CF/ (1+r)n
Here ‘CF’ is future cash flow, ‘r’ is a discounted rate of return and ‘n’ is the number of periods or year.
Example
Let’s say that you have been promised by someone that he will give you 10,000.00 Rs 5 year from today and interest rate is 8% so no we want to know what the present value of 10,000.00 Rs which you will receive in future so,
PV = 10,000/ (1+0.08)5
PV = 6805.83 (To the nearest Decimal)
So present-day value of Rs 10,000.00 is Rs 6805.83
Explanation:
The income statement of Trixle Motors Inc. is given to you. What is the net profit for the given period? A.
$1,600,000
B.
$ 43,500
C.
$1,665,600
D.
$1,556,500
Answers
Answer:
D.$1,556,500
Explanation:
Net profit is calculated by subtracting total expenses from total revenue.
In the case, total revenue is equal to sales revenue + interest revenue
=1,580,000 + 20,000
=1,600,000
Total expenses will be salaries + Rent + advertisement + repair
=26,000 + 6,000 + 7,000 +4500
=43,500
net profit = 1,600,000 - 43,500
net profit =1,556,500
Answer:
D.
$1,556,500
Explanation:
An owner of stocks is known as a
O A. bond
OB. percentage
O C. stock
O D. shareholder
Answers
Answer:
I believe it's a shareholder
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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what is a tax you pay on your income known as
Answers
Answer:
Income Tax.
Explanation:
Income tax is levied on incomes, especially an annual government tax on personal incomes.
Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.
law of demand
law of diminishing marginal utility
law of supply and demand
law of supply
Answers
Answer:
A. law of demand
Explanation:
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells
gross domestic products
goods
services
supplies
Answers
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells goods.
Goods are tangible products that people buy to satisfy their wants and needs. Goods can be classified into two categories: consumer goods and producer goods.Consumer goods are items purchased by consumers for their own use and enjoyment, while producer goods are used by businesses to produce other goods and services.Therefore, Nike sells goods, which are tangible products such as athletic shoes, apparel, and equipment.Nike is a leading producer and seller of athletic shoes, apparel, and equipment. The company is one of the largest players in the sportswear industry and is recognized globally for its high-quality products and innovative designs. As a producer and seller of these goods, Nike contributes significantly to the gross domestic product of many countries. The gross domestic product is the total value of goods and services produced in a country within a particular period.For more questions on Nike
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6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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Real GDP per capita is:
real GDP divided by GNP
real GDP divided by nominal GDP
real GDP divided by total businesses
real GDP divided by total population
Answers
Answer:
real GDP divided by total population
the amount of funds a company commands from a customer from various product categories is called
Answers
Share of wallet is the amount of funds a company commands from a customer from various product categories
for better understanding let us explain what market share means
Share of wallet simply means that for a given product category that your company deals in, what exact amount is being spent by a customer for your own brand of productsThe summary of market share is that most of total product bought by a customer of a product or service, some amount goes to a company this is what we call the companies market share. That is, if consumers as a whole buy 100 bags and 40bags comes from one company, that company holds 40% market share.From the above, we can therefore the answer share of wallet is the amount of funds a company commands from a customer from various product categories, is correct.
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Pretend you are a writer for a large public-relations firm. You have just been given a new assignment to write a biography for a new Web site promoting a famous hairstylist. Write a detailed biography in which you talk about the early life of this cosmetology professional who has risen to the top of his or her game. Be sure to include details about steps on his or her career path. If the hairstylist has a chain of salons or a line of hair products, be sure to talk about them. The biography should highlight what is special about this professional's style and how he or she has influenced the hairstyling industry. If you don't know where to start, here are five names of famous hairstylists: Horst Rechelbacher, Paul Mitchell, Vidal Sassoon, Trevor Sorbie, and Tabatha Coffey. You can use one of these hairstylists or research one of your own choice.
Answers
Biography
Introducing the visionary hairstylist extraordinaire, Vidal Sassoon, whose revolutionary approach to hairstyling has left an indelible mark on the industry. With an illustrious career spanning decades, Vidal Sassoon has become an icon in the world of cosmetology, known for his innovative techniques and unparalleled creativity.
Born in London, England, Vidal Sassoon's journey began with humble beginnings. Raised in a working-class family, he discovered his passion for hair at an early age. Determined to pursue his dreams, he embarked on a journey of self-discovery and honed his skills as an apprentice in prestigious London salons. Through hard work, dedication, and an unwavering commitment to his craft, Sassoon quickly made a name for himself, attracting a loyal clientele and gaining recognition within the industry.
In the 1960s, Sassoon revolutionized hairstyling with his iconic geometric cuts, introducing precision and asymmetry that challenged traditional norms. His innovative approach transformed the industry, leaving a lasting impact on fashion, popular culture, and women's empowerment. The Vidal Sassoon chain of salons emerged, showcasing his unique style and attracting a global following.
Building upon his success, Vidal Sassoon expanded his influence by launching his line of hair care products. Developed with the same attention to detail and precision, his products became synonymous with quality and became essential tools for hairstylists worldwide.
Today, Vidal Sassoon's legacy lives on, inspiring countless hairstylists and shaping the future of the industry. His avant-garde techniques and groundbreaking philosophy continue to resonate, emphasizing the importance of artistry, innovation, and individuality in hairstyling.
With his visionary approach, Vidal Sassoon has transcended the boundaries of hairstyling, leaving an indelible mark on the industry. His unwavering dedication to pushing the boundaries of creativity and his commitment to excellence have firmly established him as a legend and an inspiration to hairstylists around the globe.
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__________ are inputs used by organizations. Group of answer choices Raw materials Trademarks Incentives Contingencies Esprit de corps
Answers
Raw materials are inputs used by organizations
What are raw materials?They are some of the inputs used to produce an output or products in an organization.
They are products are required by company ] to generate a profit by selling.
Therefore, Raw materials are inputs used by organizations
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Please i need an answer
Answers
Answer:I need points
Explanation: by 7-4p 4
What two characteristics must an item possess to have monetary value?
A. scarcity and capital
C. transferability and utility
B. capital and transferability
D. utility and scarcity
Answers
The two characteristics that must be possessed is transferability and utility.
We can describe "monetary value" as the property of having a material worth and this allows the transfer-ability of an assets.
The amount that is paid in cash for an asset is referred to the monetary value of such asset.Money is one of the measure through which the monetary value on an assets is being exchange for the asset.In conclusion, a monetary value must be transferable to other person and must be able to be used to carry out transaction at any time..
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How did they get they find $200,000 loss?
Answers
Hi the answer to that would be $26,000,000
A firm is more likely to engage in horizontal foreign direct investment if
Answers
Answer:
a form is more likely to engaging horizontal foreign direct investment if ...