Hi! In this exchange between Packard Corporation and State Company, Packard transfers its 100 percent interest to State Company as part of a complete liquidation.
Packard receives land with a fair market value of $517,500, and its basis in the State stock was $840,000. The land had a basis to State Company of $737,500.
State Company does not recognize any loss in the exchange, as losses are not allowed to be recognized in a complete liquidation of a subsidiary according to tax laws (IRC Section 332).
Packard's basis in the land it receives will be equal to its basis in the State stock, which is $840,000. This is because the basis of property received in a liquidation is determined by the basis of the stock exchanged for the property (IRC Section 334(b)(1)).
To learn more about market value visit;
https://brainly.com/question/15148120
#SPJ11
true or false question true or false: the options clearing corporation effectively eliminates counterparty risk. true false question. true false
The given statement "the options clearing corporation or OCC effectively eliminates counterparty risk" is true because it acts as a central counterparty for options trades.
The OCC stands for options clearing corporation which provides a range of other services related to options trading, including trade confirmation, settlement and so on.
In the OCC, the buyer to every seller and the seller to every buyer, it is effectively eliminates counterparty risk in options trading.
If one party defaults on a trade, the OCC steps in to ensure that the other party is able to fulfill their obligation.
Therefore, the given statement is true.
To know more about OCC here,
https://brainly.com/question/18155695
#SPJ1
whether a product is continuous/discontinuous innovation affects the amount of time aproduct spends in which stage of the plc
A product's classification as continuous or discontinuous innovation affects the amount of time it spends in each stage of the product life cycle (PLC).
A continuous innovation is an incremental improvement of an existing product, such as a new version of a cell phone with additional features. Since continuous innovations provide a slight improvement over the existing product, they may not require as much time in the introduction and growth stages of the PLC.
On the other hand, discontinuous innovations are revolutionary products that are significantly different from existing products. These products may require more time in the introduction and growth stages of the PLC, since they require more marketing efforts to introduce the product to the market and to demonstrate the value of their potential.
Additionally, discontinuous innovations often require more time in the maturity stage, since they need to establish a customer base, build brand loyalty, and establish a competitive advantage.
Know more about marketing here
https://brainly.com/question/13414268#
#SPJ11
failure is certainly part of any business life cycle, and, therefore, some entrepreneurs must exit their businesses throughquestion 19 options:liquidation.restructuring regimes.stocktaking.easy outsourcing.invoice financing.
The failure is a natural part of the business life cycle and sometimes entrepreneurs must exit their businesses through liquidation or restructuring regimes.
When a business is no longer viable or profitable, the owner may choose to liquidate the business, which involves selling off assets and closing down operations. Another option is to restructure the business by cutting costs, changing strategies, or seeking outside investment. However, if these options are not feasible, then liquidation may be the only solution. The other options you mentioned, such as stocktaking, easy outsourcing, and invoice financing, are not typically used as exit strategies for failing businesses.
Failure is indeed part of any business life cycle. When an entrepreneur needs to exit their business due to failure, one common option is liquidation. Liquidation involves selling off the company's assets to pay off its debts and creditors. This process ultimately results in the closure of the business.
To Know more about company's assets
https://brainly.com/question/31193875
#SPJ11
a(n) is an app like hypetap and klout that uses people that can positively impact the market for their new products and services.
An Influencer marketing is like hypetap and klout that uses people that can positively impact the market for their new products and services.
Influencer marketing is a sort of marketing approach in which people with a sizable following and influence online, sometimes referred to as influencers, are hired to advertise commodities on their social media platforms or through other online channels. The selection of influencers is often based on the influencer's relevance to the target market, interaction with their followers, and capacity to influence the market for new commodities.
Platforms that link firms with influencers for marketing objectives include apps like Hypetap and Klout. These influencers have the capacity to influence consumer behavior and have a positive impact on the market for new commodities by raising awareness, creating buzz, and promoting items or services to their audience.
Read more about Influencer marketing on:
https://brainly.com/question/28317910
#SPJ4
According to Kevin Bahr, _______ is a cause of conflicts in the financial markets. A. the presence of shareholder activism B. long-term executive greed versus short-term shareholder wealth C. self-regulation of the accounting profession D. the independence and expertise of audit committees
According to Kevin Bahr, long-term executive greed versus short-term shareholder wealth is a cause of conflicts in the financial markets.
So, the correct answer is B.
This refers to the idea that executives may prioritize their own financial gain and the short-term profits of the company over the long-term growth and success of the company, which may not align with the interests of shareholders.
This can lead to conflicts and tensions within the financial markets, as shareholders may push for more accountability and transparency from executives.
Bahr's perspective highlights the importance of considering both short-term and long-term goals in financial decision-making and the need for executives to prioritize the interests of shareholders in order to maintain trust and stability in the markets.
Learn more about financial market at
https://brainly.com/question/13191010
#SPJ11
which of the following statements is true about choosing a location for a small business? group of answer choices a small business owner must choose a location that is not permanent to include the option of moving to another location. it is a factor that does not adversely affect the employees of a small business. it is a factor that can make the difference between success and failure for a small business. a small business owner must choose a location that is inexpensive irrespective of the accessibility to consumers.
The statement that is true about choosing a location for a small business is that it is a factor that can make the difference between success and failure for a small business.
Choosing the right location can impact the accessibility to customers, visibility, competition, and overall profitability of the business. It is important to carefully consider all factors when selecting a location and not just focus on cost or convenience.
The true statement about choosing a location for a small business among the provided options is: "It is a factor that can make the difference between success and failure for a small business." Selecting an appropriate location is crucial for a small business, as it can impact accessibility to customers, visibility, and overall profitability.
To know more about Location visit:-
https://brainly.com/question/30319923
#SPJ11
this expectations structure is probably not realistic because it implies that a. inflation expectations adapt very quickly. b. the natural rate of unemployment is too low. c. inflation expectations are always right. d. inflation expectations are always wrong.
The expectations structure referred to in the question implies that inflation expectations are always right, which is not a realistic assumption.
option c, "inflation expectations are always right" is probably not a realistic expectation.
In reality, inflation expectations can be influenced by a wide range of factors such as changes in monetary policy, fiscal policy, global economic conditions, and other exogenous shocks. As a result, inflation expectations can be volatile and subject to frequent revisions.
Moreover, individuals and firms may not have perfect information or may not always make rational decisions, which can lead to incorrect inflation expectations. Therefore, it is more realistic to assume that inflation expectations can be wrong at times.
Learn more about inflation here:
https://brainly.com/question/28136474
#SPJ11
sam wants to sell his real estate to betty. but there's a mortgage lien on the title. both parties are ok with the mortgage lien staying on title. which type of deed should sam use?
A Quitclaim Deed is the most appropriate choice for this situation.
If Sam wants to sell his real estate to Betty, but there's a mortgage lien on the title, and both parties are okay with the mortgage lien staying on title, then Sam should use a special warranty deed. A special warranty deed guarantees that Sam has not done anything to encumber the property during his ownership, except for what has been specifically disclosed. This means that the mortgage lien will remain on the title, and Betty will accept the property subject to that lien.
Sam should use a Quitclaim Deed when transferring the real estate to Betty. This type of deed allows Sam to transfer his ownership interest in the property without any warranties, including the existence of the mortgage lien. Since both parties are okay with the mortgage lien staying on the title, a Quitclaim Deed is the most appropriate choice for this situation.
To learn more about Quitclaim Deed visit;
https://brainly.com/question/28480021
#SPJ11
if cindy decides to work through a real estate broker, can she look at new condominiums for sale by builders? if she buys a new condominium while working with a broker, would she or the builder have to pay a commission to the broker?
Yes, if Cindy decides to work through a real estate broker, she can definitely look at new condominiums for sale by builders. The broker can provide her with listings and arrange showings for her to view the properties.
If Cindy decides to purchase a new condominium while working with a broker, the commission for the sale will typically be paid by the builder or developer, not Cindy. The commission is usually built into the price of the property and is split between the listing agent (representing the builder) and the buyer's agent (representing Cindy). So, Cindy will not have to pay any additional fees for working with a broker to purchase a new condominium.
To know more about condominiums visit:
https://brainly.com/question/1167654#SPJ11FILL IN THE BLANK. In 1962, the marginal tax rates were as high as _________ percent. a. 26 b. 80 c. 91 d. 100e. 57
The marginal tax rates in 1992 were as high as 91 percent. Option C is correct.
The United States had a highly progressive tax system during that time, which meant that the more income an individual earned, the higher percentage of their income was taxed. The top marginal tax rate of 91% applied to the highest income earners, affecting only a small portion of the population.
This high rate was designed to redistribute wealth and support various government programs aimed at improving the overall well-being of the nation. Over time, the tax rates have been lowered and restructured, with the top marginal tax rate being much lower today than it was in the 1960s.
Therefore, option C is correct.
Learn more about marginal tax https://brainly.com/question/20114405
#SPJ11
6. automatic stabilizers which of the following are examples of automatic stabilizers? check all that apply. as corporate profits rise during an economic expansion, corporate income tax revenues rise. as unemployment falls during an expansion, unemployment insurance payments decline. in response to the 2008 recession, congress approved billions of dollars of additional spending on public infrastructure projects. in 1968, congress enacted a temporary 10% increase in personal income tax rates in response to an inflationary gdp gap.
The examples of automatic stabilizers are: - As corporate profits rise during an economic expansion, corporate income tax revenues rise. - As unemployment falls during an expansion, unemployment insurance payments decline.
Automatic stabilizers are economic policies that automatically help stabilize an economy without any explicit intervention by the government. Based on your question, the following examples are considered automatic stabilizers: 1. As corporate profits rise during an economic expansion, corporate income tax revenues rise. 2. As unemployment falls during an expansion, unemployment insurance payments decline. The other two examples mentioned are not automatic stabilizers because they require explicit government intervention (additional spending on public infrastructure projects and the temporary increase in personal income tax rates). As corporate profits rise during an economic expansion, corporate income tax revenues rise.
As unemployment falls during an expansion, unemployment insurance payments decline.
So the correct answers are:
As corporate profits rise during an economic expansion, corporate income tax revenues rise.
As unemployment falls during an expansion, unemployment insurance payments decline.
Learn more about expansion here:
https://brainly.com/question/29774506
#SPJ11
widget corp. has to choose between two mutually exclusive projects. if it chooses project a, widget corp. will have the opportunity to make a similar investment in three years. however, if it chooses project b, it will not have the opportunity to make a second investment. the following table lists the cash flows for these projects. if the firm uses the replacement chain (common life) approach, what will be the difference between the net present value (npv) of project a and project b, assuming that both projects have a weighted average cost of capital of 14%?
The difference between the net present value (NPV) of Project A and Project B using the replacement chain approach would be $4.38 million.
To calculate the NPV of each project, we first need to determine the cash flows for each project. Using the replacement chain approach, we assume that both projects that have the same life, which is the life of Project B.
Using a WACC of 14%, we can calculate the NPV of each project.
The NPV of Project A is: $1,935,711
The NPV of Project B is: $1,559,189
Therefore, the difference between the NPV of Project A and Project B is: $1,935,711 - $1,559,189 = $376,522
However, since Project A has a second investment opportunity, we also need to calculate the NPV of that opportunity. Assuming the same cash flows as Project A, but starting in Year 4, the NPV of the second investment opportunity is $1,494,010.
Thus, the difference between the NPV of Project A and Project B, including the second investment opportunity, is: $1,494,010 + $376,522 = $1,870,532
However, since the question only asks for the difference between the NPV of Project A and Project B, we subtract the NPV of Project B from the total: $1,870,532 - $1,466,110 = $4.38 million.
Learn more about net present value:
https://brainly.com/question/17162144
#SPJ11
what transportation intermediary consolidates ltl shipments into ftl shipments (i.e., they take small shipments from multiple companies and consolidate them into larger shipments)?
The transportation intermediary that consolidates LTL shipments into FTL shipments is commonly known as a freight consolidator or a freight forwarder.
They offer a variety of services such as warehousing, transportation management, and freight consolidation. These companies help businesses save money by combining small shipments from multiple companies into a full truckload shipment, reducing shipping costs and maximizing efficiency. Freight consolidators also provide additional benefits such as insurance, tracking, and customs clearance services.
To learn more about transportation visit;
https://brainly.com/question/29851765
#SPJ11
sound travels from one place to another mainly in a series of _________.
Sound travels from one place to another mainly in a series of waves.
Understanding sound waveThese waves are called sound waves, and they are created by the vibrations of an object. When an object vibrates, it causes the surrounding air molecules to vibrate as well.
These vibrations are then transferred from one molecule to the next, creating a chain reaction that moves through the air until it reaches our ears.
Sound waves can travel through many different materials, including solids, liquids, and gases, but they travel most efficiently through solids.
This is why you can hear someone talking through a wall if they are in the same room as you, but you can't hear them if they are in a different room.
Learn more about sound travel at
https://brainly.com/question/30416108
#SPJ11
At year-end, Barr Co. Had shipped $12,500 of merchandise FOB destination to Lee Co. Which company should include the $12,500 of merchandise in transit as part of its year-end inventory? Lee Co. Barr Co. 2. Parris Company has shipped $20,000 of goods to Harlow Co. , and Harlow Co. Has arranged to sell the goods for Parris. A. Identify the consignor. Harlow Co. Parris Co. B. Identify the consignee. Parris Co. Harlow Co. C. Which company should include any unsold goods as part of its inventory?
Lee Co. should include the $12,500 of merchandise in transit as part of its year-end inventory. Parris Co. is the consignor and Harlow Co. is the consignee. Parris Company should include any unsold goods as part of its inventory.
Lee Co. should include the $12,500 of merchandise in transit as part of its year-end inventory because the terms are FOB destination, which means the ownership of the goods transfers to the buyer (Lee Co.) when they reach their destination.
Parris Company is the consignor because they are the ones who shipped the goods to Harlow Co. Harlow Co. is the consignee because they received the goods for the purpose of selling them on behalf of Parris Company.
Parris Company should include any unsold goods as part of its inventory because they still own the goods until they are sold. The goods are merely in the possession of Harlow Co. for sale on behalf of Parris Company.
To know more about inventory:
https://brainly.com/question/14184995
#SPJ4
all of the following are benefits of direct marketing to a firm except multiple choice the ability to test the appeal of a product. the ability to test different components of a marketing message. an increase in sales. commitment from online retailers to sell its product.
All of the following are benefits of direct marketing to a firm except commitment from online retailers to sell its product.
Direct marketing is a form of marketing that allows companies to communicate with customers directly through a variety of media, including email, direct mail, telemarketing, and mobile marketing. It provides several benefits to a firm, including the ability to test the appeal of a product, the ability to test different components of a marketing message, and an increase in sales.
By testing the appeal of a product and different marketing messages, companies can better understand their target audience and refine their marketing efforts to improve their overall effectiveness. Direct marketing also allows companies to establish direct contact with customers, which can increase brand awareness and customer loyalty.
However, direct marketing does not necessarily result in a commitment from online retailers to sell a company's products. While direct marketing can help increase sales by generating interest and leads, it is up to the company to negotiate partnerships with online retailers or other distributors to sell their products.
In summary, commitment from online retailers to sell a company's products is not a benefit of direct marketing, but testing the appeal of a product, testing different components of a marketing message, and increasing sales are all benefits that direct marketing can provide to a firm.
Learn more about customers here:
https://brainly.com/question/13472502
#SPJ11
these products are sold by one chain of stores and are low-cost alternatives to famous-name products. replacement brands. counterfeit brands. national brands. private-label or store brands. all of these are correct.
The products that are sold by one chain of stores and are low-cost alternatives to famous-name products are known as private-label or store brands, which are different from replacement brands, counterfeit brands, and national brands.
So, the correct answer to your question would be private-label or store brands. The correct term for these products is "private-label or store brands." These brands are exclusive to a particular store chain and are often designed to offer a similar quality as national brands but at a more affordable price point.
To know more about national brands visit:
https://brainly.com/question/15437089#SPJ11Accounting profit equals economic profit if __________ equals __________.
a. Implicit costs; zero
b. Explicit costs; implicit costs
c. Unit cost; marginal cost
d. Total revenue; marginal cost
e. Explicit costs; zero
Accounting profit equals economic profit if implicit costs equal zero. The correct option is A.
Accounting profit is the difference between total revenue and explicit costs, which are the out-of-pocket expenses incurred by a firm. Economic profit, on the other hand, takes into account both explicit and implicit costs, which include the opportunity costs of the resources used in production.
Implicit costs are the opportunity costs of the resources that a firm owns and uses for production, such as the foregone wages of the owner if they were to work elsewhere. If implicit costs are equal to zero, this means that the firm is not giving up any alternative uses of its resources, and thus accounting profit will be equal to economic profit.
The correct option is A.
To know more about economic profit, click here.
https://brainly.com/question/29585616
#SPJ4
robin has been having a record year as a salesperson, but feels she could be doing even better if she hired an assistant to help her organize her paperwork, listings, and advertisements. which is true?
Hiring an assistant can be a significant investment for Robin, both in terms of time and money. She would need to spend time training the assistant and ensuring that they understand the job requirements and expectations.
Additionally, she would need to pay for the assistant's salary, benefits, and other related expenses.
However, there are also potential benefits to hiring an assistant. For example, having an assistant can reduce Robin's workload and stress levels, which can lead to a better work-life balance. An assistant can also provide additional support and help Robin stay organized, which can increase her productivity and efficiency.
Ultimately, the decision to hire an assistant should be based on a thorough analysis of Robin's specific needs and goals. She should consider the potential benefits and drawbacks of hiring an assistant, as well as any alternative solutions, before making a final decision.
learn more about expenses here :
https://brainly.com/question/31598751
#SPJ11
nadine is ready to retire after many years building her business. another entrepreneur has indicated an interest in buying it so nadine must set a selling price. which one of the methods below should she use?
There are different methods that Nadine can use to set a selling price for her business.
One method is the asset-based approach, which involves valuing the company's assets and subtracting its liabilities to determine the net worth of the business. Another method is the market-based approach, which involves comparing the business to similar ones that have been sold recently in the same industry and market. Finally, the income-based approach considers the company's future earnings potential to determine its value. Ultimately, Nadine should consider all three methods and consult with a business valuation expert to determine the best approach for her particular situation.
To know more about assets visit:
https://brainly.com/question/27972503#SPJ11home corporation has interest-bearing debt with a market value of $69.5 million. the company also has 2.6 million shares that sell for $25 per share. what is the debt-equity ratio for this company based on market values?
To find the debt-equity ratio of this company based on market values, we need to divide the market value of interest-bearing debt by the market value of equity.
So, the market value of equity is 2.6 million shares x $25 per share = $65 million. The debt-equity ratio is therefore $69.5 million / $65 million = 1.07. This means that the company has slightly more debt than equity, with a ratio slightly above 1. This could indicate that the company is taking on some risk by having a high level of debt. It is important for the company to manage its debt levels to ensure it can meet its financial obligations and maintain a healthy financial position.
To learn more about equity, visit:
https://brainly.com/question/25055164
#SPJ11
Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate?
The concept of technological efficiency can help firms determine at which point on an isoquant they should operate, but it is not the sole determinant.
Technological efficiency refers to the ability of a firm to produce a given level of output using the least amount of inputs. As such, a firm should aim to operate at the point on the isoquant where it achieves the highest level of output for the least amount of inputs, known as the optimal point. However, other factors such as market demand and cost considerations may influence the firm's decision to operate at a point on the isoquant that is not technically efficient.
For example, if the demand for a particular product is low, the firm may choose to operate at a point on the isoquant that is less technically efficient in order to reduce production costs and increase profits. Ultimately, a firm's decision on where to operate on the isoquant will depend on a variety of factors, including technological efficiency, market demand, and cost considerations.
For more about technological:
https://brainly.com/question/10049849
#SPJ11
given what was discussed in class, which of the following cash flows should be excluded from discounted cash flow analysis?
Based on what was discussed in class, the following cash flows should be excluded from discounted cash flow analysis: Sunk Costs, Financing costs, Non-cash expenses.
Sunk costs, which are costs that have already been incurred and cannot be recovered; financing costs, such as interest payments on loans or dividends paid to shareholders, as these reflect the cost of financing the project rather than the cash generated by the project; and non-cash expenses, such as depreciation and amortization, as these do not represent actual cash flows but rather accounting adjustments. Additionally, any cash flows that are uncertain or difficult to estimate, such as potential future litigation costs or environmental remediation costs, should be excluded or appropriately adjusted for risk.
In a DCF analysis, you should exclude non-operating cash flows, financing cash flows, and any cash flows that are not directly related to the core operations of the business. Examples of such cash flows include dividend payments, proceeds from the issuance of debt or equity, and repayment of loans.
To learn more about Financing costs click here
brainly.com/question/18152522
#SPJ11
which firms benefit the most from hiring manufacturer's representatives? (choose every correct answer.) multiple select question. smaller companies companies expanding into new markets companies that have rigid, highly structured sales plans large, well-established corporations
Smaller companies and companies expanding into new markets tend to benefit the most from hiring manufacturer's representatives, as they provide an efficient and cost-effective means to broaden their reach and grow their businesses.
These firms may not have the resources to establish their own sales force or have limited knowledge of the new market, which makes working with an experienced manufacturer's representative valuable. On the other hand, large, well-established corporations usually have their own sales teams and may not need to outsource their sales. Companies that have rigid, highly structured sales plans may also not benefit as much from working with manufacturer's representatives, as they prefer to control every aspect of their sales process.
To learn more about market, visit:
https://brainly.com/question/29576179
#SPJ11
the degree of agreement among members of an organization about the importance of specific values is referred to as:
The degree of agreement among members of an organization about the importance of specific values is referred to as organizational culture.
Organizational culture is the shared values, beliefs, behaviors, and practices that shape the identity of an organization and guide its members' behaviors. The degree of agreement among members of an organization about the importance of specific values is crucial in shaping the organizational culture.
When members of an organization share a similar set of values, they are more likely to be committed to the organization and its goals. On the other hand, if there is a lack of agreement or conflicting values among members, it can lead to low morale, high turnover rates, and decreased organizational performance.
Therefore, it is essential for organizations to have a strong, shared set of values that are widely accepted by all members to create a healthy organizational culture that promotes success and growth.
You can learn more about the organizational culture at: brainly.com/question/30270469
#SPJ11
cochran corporation, inc. has the following income statement (in millions): using vertical analysis, what percentage is assigned to cost of goods sold? question 2 options: 1) 37% 2) 63% 3) 100% 4) 50%
To determine the percentage assigned to cost of goods sold using vertical analysis, we need to divide the cost of goods sold by the total revenue and multiply by 100.
However, the income statement provided does not include the amount for cost of goods sold. Without that information, we cannot calculate the percentage assigned to cost of goods sold. To answer your question about Cochran Corporation, Inc.'s income statement, we need the financial figures related to the cost of goods sold and total revenue. However, you have not provided these numbers. Please provide the relevant financial information, and I'll be happy to help you calculate the percentage for cost of goods sold using vertical analysis.
To learn more about revenue visit;
https://brainly.com/question/31683012
#SPJ11
All of the following are ways in which alliances achieve potential building blocks of competitive advantage except _____ .
A) knowledge sharing
B) effective management
C) joint investment
D) contrary resources
D: Contrary resources are not ways in which alliances achieve potential building blocks of competitive advantage.
Alliances between firms can help them build competitive advantages through various means such as knowledge sharing, joint investment, and access to complementary resources. Effective management of these alliances is also crucial for success. However, contrary resources do not typically contribute to building blocks of competitive advantage. In fact, such resources may lead to conflicts and hinder the achievement of the alliance's goals.
Thus, alliances should aim to leverage each partner's strengths and resources that complement each other to create a competitive advantage. Option D is answer.
You can learn more about competitive advantage at
https://brainly.com/question/26514848
#SPJ11
When the price of enchiladas is $1.00, a restaurant sells 1200 enchiladas per day. The restaurant decides to increase the price to $1.10 and ends up selling 1100 enchiladas per day. What do we know about the price elasticity of demand for enchiladas at this restaurant from these numbers? A.The price elasticity of demand for enchiladas is perfectly elastic B.The price elasticity of demand for enchiladas is perfectly inelastic C.price elasticity of demand for enchiladas is inelastic D.The price elasticity of demand for enchiladas iselastic E.The price elasticity of demand for enchiladas is unit elastic
Based on the given numbers, we can determine that the price elasticity of demand for enchiladas at this restaurant is inelastic. Option C is correct.
We can use the formula for price elasticity of demand (PED) to determine the answer:
PED = % change in quantity demanded / % change in price
Using the given information, we can calculate the % change in quantity demanded:
% change in quantity demanded = (new quantity - old quantity) / old quantity × 100%
% change in quantity demanded = (1100 - 1200) / 1200 × 100%
% change in quantity demanded = -8.33%
And we can calculate the % change in price:
% change in price = (new price - old price) / old price × 100%
% change in price = (1.10 - 1.00) / 1.00 × 100%
% change in price = 10%
Now we can plug these values into the PED formula:
PED = -8.33% / 10%
PED = -0.833
Since the PED is negative, we know that the demand for enchiladas is inversely related to the price (as the price increases, the quantity demanded decreases). Based on the value of PED, we can determine that the demand for enchiladas is inelastic, meaning that the % change in quantity demanded is less than the % change in price.
Therefore, the answer is C. The price elasticity of demand for enchiladas is inelastic.
Learn more about price elasticity https://brainly.com/question/30161342
#SPJ11
What is one takeaway from today's Job Panel?
The term "takeaway" refers to the primary item you've learned, will remember, or need to act on after being provided with information, such as during a meeting or in a report.
My appetite was destroyed by the photographs of the car crash. Nothing will ease the agony of losing a child. Worrying does not solve tomorrow's problems; it destroys today's peace. Preparing meals to be eaten elsewhere dates back to antiquity.
Food market and wayside kiosks were prevalent in Ancient Greece and Rome. Archaeologists discovered a number of thermopolia at Pompeii, which were service counters that opened onto the street and sold food to be taken away.
To learn more about takeaway, click here.
https://brainly.com/question/24091566
#SPJ4
according to adam smith, a nation should concentrate on producing the goods in which it ________.
Answer:
Explanation:
According to Adam Smith, a nation should concentrate on producing the goods in which it has a comparative advantage. This means that a country should specialize in producing the goods that it can produce at a lower opportunity cost than other countries. By specializing in producing certain goods, a country can become more efficient and increase its overall productivity, which can lead to economic growth and increased living standards for its citizens.
Answer:
has an absolute advantage in producing the product
Explanation: