The demand for a good is more likely to be elastic if the good is a luxury item. The correct answer is option D.
If consumer demand for a commodity or service does not vary in response to price changes, this is referred to as inelastic demand. Luxury products and specific foods and drinks are examples of elastic goods since demand is affected by price variations. Tobacco and prescription medications are examples of inelastic products since their demand is frequently consistent despite price fluctuations. The correct answer is option D.
Income level and the availability of replacements are two other factors that affect the demand elasticity of products and services. When a job is lost, people may decide to save their money rather than upgrade their cellphones or purchase designer handbags, which would result in a dramatic shift in the way that people consume luxury goods. The correct answer is option D.
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What do individuals and households provide to the government?
Case study: Bangladesh - the importance of economic
sectors over time
In 1970, Bangladesh had an economy largely based on agriculture. A high proportion of
the population worked in farming, either to produce crops for their own consumption ar
to sell in local markets. Secondary manufacturing activities were not very important and
the tertiary sector was also small as incomes were very low and people had little span
cash to spend on 'services.
By 2017, Bangladesh had undergone significant changes. Although 40 per cent of the
workforce still works in agriculture, primary production of goods such as jute, tobacco
and food has fallen in relative terms. Manufacturing industries - mainly food processing
and clothing - have expanded rapidly. Tertiary services such as telecommunications,
transport and finance now contribute approximately half of total national output.
Economic sectors in Bangladesh - World Bank estimates of % share of GDP
Primary
Secondary
1970
2017
53
15
15
29
Tertiary
32
56
Activity 2.3
Refer to the case study above.
a Explain two possible reasons why the relative importance of primary output has
fallen.
b Would workers who formerly worked in agriculture find it easy to obtain jobs in the
secondary or tertiary sectors of industry? Explain your answer.
What do you expect to happen to the relative importance of tertiary industries if
incomes continue to rise in Bangladesh? Explain your answer.
(A). The two possible reasons why the relative importance of primary output has fallen were Natural resources and The tertiary sector's production.
What are resources?All materials acquirable in our state of affairs that are technologically accessible, economically accomplishable, and culturally property that assist us to satisfy our needs and desires are referred to as plusses. Resourcefulnesses are divided into two types based on their availability.
As the two possible reasons are as follows.
Natural resources - As in the primary sectors, the production has fallen and lose the significance. As the inability of the secondary and the Tertiary sectors.
Tertiary sector's production - As in the tertiary sector's production, there was the increasing of the value. As there was the result that consumers will spend a large percentage.
Therefore, As a result, the above are the two possible reasons if primary output has fallen.
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A new supermarket is being built. The country has required the owner to designate at least eight handicap parking spaces. The county installed a sign in front of each space to indicate that it is reserved for vehicles with a proper sticker. The sign also announces a $250 fine for violators.
The intention behind the sign is to announce to the community at large that there will be a stiff penalty to pay for violating the rule. The belief is that drivers who risk a small fine by parking illegally elsewhere, such as against the curb, will not risk the large fine for parking illegally in the handicap spaces. This point of view is known as ____________.
Answer: General deterrence
Explanation:
Based on the information given, the point of view is known as general deterrence.
General deterrence is the effect of a threat regarding legal punishment on everyone in the society or the public at large. The aim of general deterrence is to send a message to the public and this is done by making them fearful of the consequences when they commit a particular crime. In this case, the fine of $250 is to make the public fearful of violation of the rule.
explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Terron has monetary assets that total $8,500 and monthly living expenses that total $2,000. His emergency fund ratio is
Terron has monetary assets that total $8,500 and monthly living expenses that total $2,000. His emergency fund ratio is 0.75.
An emergency fund is a good thing to ought to preserve you out of debt. You should have three-6 months' worth of dwelling charges on your emergency fund.
Charge hazard is the chance that the truthful fee of economic instruments will trade when hobby costs alternate. for example, buying and selling portfolios, held-for-sale mortgage portfolios, and loan servicing properties contain rate hazards.
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Using the discriminant analysis techniques to predict the bankruptcy, answer the following credit worthiness questions regarding Honda and Toyota. The informations for both corporations are shown as follows. Current assets Total assets Current liabilities Shareholders' equity Book value of shareholder's equity Net Revenue Retained earnings Earnings before interest and taxes Market price per share Honda (in million) 7,877 13,535 7,519 a. Calculate the market value for both corporations b. What is the book value of debt for Honda and Toyota? 4,694 8,788 6,168 1,364 1,731 0.20 c. Compute the Z-score for both corporations. d. Explain why Honda have different Z-score from Toyota e. Which corporation has the high possibility of going bankrupt? Explain. Toyota (in million ¥) 9,726 13,670 6,778 5,622 9,835 6,888 839 3,194 0.40
Calculation of the market value for Honda and Toyota:Market value = Total number of shares x Market price per shareMarket value of Honda= Total number of shares x Market price per shareMarket value of Honda = 1.731 billion shares\(x $35.89\)per share \(= $62.08\)
Calculation of Z-scores for Honda and Toyota:Z-score for Honda =\(1.2A + 1.4B + 3.3C + 0.6D + 1.0\)EZ-score for Honda =\(1.2(7.877/13.535) + 1.4(4.694/13.535) + 3.3(0.20) + 0.6(1,364/13.535) + 1.0(0)\)Z-score for
Honda = 0.40Z-score for Toyota \(= 1.2A + 1.4B + 3.3C + 0.6D + 1.0EZ-score for
Toyota = 1.2(9.726/13.670) + 1.4(8.788/13.670) + 3.3(0.40) + 0.6(839/13.670) + 1.0(6,888/13.670)\)
Z-score for Toyota = 3.50d.
This difference in ratios leads to differences in Z-scores.e. Explanation of which corporation has the high possibility of going bankrupt:Toyota has a lower Z-score of 3.50 compared to Honda's Z-score of 0.40. This indicates that Toyota is more likely to face bankruptcy than Honda. A Z-score of less than 1.81 indicates a high probability of bankruptcy within two years. Therefore, Toyota is more likely to face bankruptcy in the next two years than Honda.
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The interest rate that equates the present value of payments received from a debt instrument with its value today is the:_________
The interest rate that equates the present value of payments received from a debt instrument with its value today is the Yield to maturity (YTM).
What is Yield to maturity (YTM)?Yield to maturity (YTM) is the amount of money an investor will get paid when they purchase a bond and hold it until it expires, expressed as an annual percentage rate. The yield to maturity (YTM) is a measure of the anticipated return on a fixed-income investment if it is kept to maturity, assuming that all interest payments are reinvested at the same rate.
Yield to maturity (YTM) is the total return predicted on a bond if it is held until it matures. Yield to maturity is a long-term bond yield, calculated as the present value of all future cash flows generated by a bond until it matures, divided by the bond's current price. This is expressed as an annual percentage rate. Yield to maturity (YTM) is also referred to as redemption yield.
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why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report? everfi
Answer:
It notifies creditors and other financial institutions that the individual's identity may have been compromised. This prompts them to take extra precautions to verify the individual's identity before granting credit or opening new accounts.
Explanation:
the south by southwest (sxsw) festival is held in what city?
Answer:
The South by Southwest (SXSW) festival is held in Austin, Texas.
Please help now its culinary
In general, what are the two main parts of a recipe?
equipment required and ways to duplicate recipe
the ingredients list and directions for what to do with them
the cooking temperatures and alternate ingredients
suggested timing and range of temperatures
The two main parts of a recipe include the ingredients list and directions for what to do with them (Option 3).
What is a culinary recipe?A culinary recipe can be defined as a sharply controlled mix of food ingredients in a sequentially ordered way in order to develop a unique food that may stimulate the taste of such ingredient combination.
The development of recipes represents one of the most important hallmarks of a given society living in a region and or country because food ingredient changes regarding the region and also taste preferences are distinct and shape a given society.
Therefore, with this data, we can see that a culinary recipe is based on the list of food ingredients that are mixed in an ordered and sequential manner in order to stimulate the taste, which is a culinary issue that characterizes a society.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
a) Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer. (2 points)
Answer: yes
Explanation:
Converting each to pounds it equals 13.3 pounds
Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
What do you understand by the supply of goods?The following are included in a supply of goods: the agreement-based transfer of property rights over things. the commission-based sale of moving items by an agent or auctioneer.
They must be carrying out an action in their own name under another person's orders. delivery of items under a hire-purchase agreement.
Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices.
Here,
Converting each to pounds it equals to 13.3
pounds
Standard 1 pound (lb) = 16 ounces (oz)
Metric 1 kilogram (kg) = 1000 grams (g)
Metric to standard 1 kilogram = 2.20 pounds
Standard to metric 1 pound = 0.45 kilograms
Therefore, Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
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Complete question is attached with the image.
What is the answer for (17525) (0.04) (72)
Answer:
50472
Explanation:
Answer:
50,472.
Explanation:
If you do 17525(0.04) you get 701. then 701(72) is 50,472.
On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a
Interest is capitalized when incurred in connection with the construction of plant assets because_______.
Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue
What is Interest?This refers to the amount or rate that is added to a principal amount and this is usually done when a loan is collected.
Hence, we can see that when plant assets are being constructed, interest is capitalized and the main reason why this happens is that the asset is not generating revenue.
Furthermore, actual interest is the only thing that should be capitalized and this is because, during construction, the asset is not generating revenue and therefore companies should defer (capitalize) interest cost.
Thus, Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue.
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How does APR make borrowing money a more transparent process?
The interest rate on a credit card is known as the APR. It is the annual percentage rate of interest that you will be charged if you carry a balance, and it frequently changes from card to card.
What is APR stand for?The Accreditation in Public Relations (APR) accreditation distinguishes you from your colleagues and positions you as a leader and mentor in the cutthroat public relations industry by vouching for your ambition, professionalism, and ethical standards.
Is the accuracy of loan comparisons improved by APR?The cost of borrowing money is determined by the interest rate, but because the APR also accounts for additional fees related to getting a loan, notably a mortgage, it provides a more accurate picture of overall borrowing costs.
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
What is TRUE about the prevalence of diversity in the modern workplace?
Diversity in the workplace has continued to increase.
Diversity in the workplace has continued to decrease.
Diversity in the workplace has shown no increase or decrease.
There is no data to track diversity in the workplace.
In summary correct option for this question is Diversity in the workplace has continued to increase.
Why is it?
There has been a growing recognition among organizations of the importance of diversity and inclusion in the workplace. With increased awareness, companies have made efforts to increase the representation of diverse individuals among their employees.
This has resulted in a trend towards increasing diversity in the workplace over the past few decades. Diversity in the workplace refers to the representation of people from different backgrounds, including race, ethnicity, gender, age, sexual orientation, religion, and more.
Having a diverse workforce can lead to many benefits, including increased creativity, innovation, and problem-solving abilities, as well as greater employee engagement and job satisfaction
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In one year, a firm will pay a common stock dividend of $6. 35. The dividends have been growing at 6% per year. Based on analysts’ forecasts, you predict that you will be able to sell your stock for $48 per share after one year. If you require a rate of return of 13 percent on your stock, how much would you be willing to pay now for a share of the stock?.
Therefore, if you require a rate of return of 13 percent on your stock and expect to sell it for $48 per share after one year, you should be willing to pay $90.71 now for a share of the stock.
A stock dividend is a dividend payment made to shareholders in the form of additional shares instead of cash.
To solve this problem, we need to use the dividend discount model. We will calculate the intrinsic value of the stock, which will be equal to the price we would be willing to pay for one share of the stock. The intrinsic value of a stock is the present value of all expected future dividends plus the expected sale price of the stock.
Using the formula for the constant growth dividend discount model, we can calculate the intrinsic value of the stock, as follows:
V₀ = D₁ / (r - g) + P₁ / (1 + r)¹
V₀ = $6.35 / (0.13 - 0.06) + $48 / (1 + 0.13)¹
V₀ = $6.35 / 0.07 + $48 / 1.13
V₀ = $90.71
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Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answer:
The chart is placed in a database with five groups.
Hope this helped.
When analyzing a project, sunk costs ____ incremental cash outflows.
When analyzing the project, sunk costs are not incremental cash outflows.
Anything that has occurred in the past and which should be excluded from relevant cash outflows is referred to as Sunk costs. Thus, only cash flows that arise because of the decision being made should be included in it.
The sunk costs are not included in incremental analysis, as these costs will remain regardless of any decision. Incremental cash flow looks into future costs. So, the accountants has to make sure that sunk costs are not been included in the computation.
Hence, as sunk costs are not incremental, they are relevant to the investment decision.
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i need someone to talk to thats not in the 20's
Answer:
not in the 20s
Explanation:
whatsupwhatsuppppp
Suppose that each of the only two firms in an industry has the independent choice of advertising its product or not advertising. If neither advertises, each gets $10 million in profit; if both advertise, their profits will be $5 million each; and if one advertises while the other does not, the advertiser gets profit of $15 million and the other gets profit of $2 million. According to game theory, the Nash equilibrium is: Group of answer choices neither will advertise. both will advertise. one will advertise and the other will not. both may or may not advertise.
Answer:
both will advertise.
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
The payoffs of advertising are either 5 or 15.
the payoffs of not advertising are either 10 or 2
the payoffs of advertising is higher than that of not advertising. Thus, the nash equilibrium is for the firms to advertise
Please find attached an image of the payoff matrix
Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.
Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.
What is Copywriting?Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.
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Randy owns and rents a residential duplex that he purchased 17 years ago in the month of May. The purchase price was $250,000. During August of the current year, Randy sold the duplex. What is the amount of depreciation that can be deducted in the current year (rounded to the nearest dollar)?
a) $6,410
b) $5,681
c) $9,090
d) $6,439
e) $4,006
Answer:
$5,681
Explanation:
As this is a residential property the Modified Accelerated Cost Recovery System (MACRS) depreciation rate is applicable.
Also as it was sold during the month, the mid month convention is also in effect which states that when an asset is sold during the month, only 15 days of that month are considered for depreciation assuming a 30 day month.
The straight line rate for MACRS after the first year for this residential property is 3.636% per annum.
The asset didn't last the entire year so this needs to be accounted for.
Out of 12 months it lasted 7 months till July and 15 days in August which means it lasted 7.5/12 of the year.
Depreciation for the year is, therefore,
= 250,000 * 3.636% * 7.5/12
= $5,681
A scrum master is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. He is using which estimating approach?
a. Apportion method
b. Range estimating
c. Learning curve
d. Parametric procedures applied to specific tasks
e. Template method
Based on the scenario above, He is using the Range estimating approach.
What is a range estimate?The Range estimating approach is known to be a kind of estimated distance that exist between a person and their target.
There are a lot of techniques in estimating range, An example is the:
100-meter-unit-of-measure method. The appearance-of-object method.The bracketing method, etc.Learn more about Range estimating from
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True or false Interpersonal workplace skills deal with your ability to get along with other people.
The given statement "Interpersonal workplace skills deal with your ability to get along with other people" is True because Interpersonal skills, also known as soft skills, people skills, or emotional intelligence, refer to the abilities that individuals possess to communicate effectively with other people and develop and maintain relationships.
Interpersonal workplace skills are critical in the workplace as it helps people in the organization interact with each other positively and enhances teamwork in the workplace. Individuals who possess strong interpersonal skills can work together effectively and efficiently, which leads to increased productivity in the organization. Some of the key interpersonal skills that people must have to thrive in a work environment include active listening, effective communication, conflict resolution, collaboration, time management, and empathy. Active listening is a vital interpersonal skill that individuals must have to thrive in the workplace.
It entails concentrating on the speaker, summarizing the information they provide, and asking relevant questions. Effective communication is another critical interpersonal skill. Clear communication ensures that every member of the organization understands the information and requirements communicated to them. Conflict resolution is also an essential interpersonal skill that individuals must have. It involves finding amicable solutions to disagreements between colleagues.
Collaboration is an essential interpersonal skill as it helps people work together towards common goals. Time management is also a critical interpersonal skill as it ensures that tasks are completed within the allocated time frame. Finally, empathy is an essential interpersonal skill that helps individuals understand and relate to the feelings and experiences of other people.
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Which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?.
Controlling management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed. Read below about management.
What is Management?Management refers to the process of dealing with or controlling things or people. Management is also the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.
Therefore, the correct answer is control management.
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The type of interest earned on a deposit account that is calculated on both the principal deposit
amount and on any previously earned interest is called:
A simple interest
B compound interest
C variable interest
D exchange rate
what type of tariff is applied to an import, with the purpose of raising money for the federal government?
Type of tariff that is applied to an import, with the purpose of raising money for the federal government is revenue tariff.
What is the revenue tariff?
As governments need huge resources to achieve their goals, they have to look for revenue from various sources. Governments operate public agencies to carry out a wide range of activities that are believed to improve the welfare of the population.Investments in infrastructure, human resources and numerous materials and services are required, so citizens and businesses are obliged to finance them. All taxes provide revenue, but some are specifically designed and implemented for this purpose. The common revenue tariff is a tax on imported goods in the form of a valorem tariff.To know more about revenue tariff, click the link given below:
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