The price of gasoline rises by 10 percent, and the quantity demanded falls by 25 percent. the number and demand for this good are inelastic.
If the price of excellent increases by means of ten percent and the amount demanded decreases via the simplest five percent, that correct is said to have an inelastic call. the amount demanded does now not stretch much relative to the change in fee. gasoline is an incredibly inelastic product, which means adjustments in prices have little effect on demand.
Price elasticity measures the responsiveness of demand to modifications in price. nearly all price elasticities are poor an increase in price ends in a lower call for, and vice versa. The demand for a good is inelastic if the percentage lower in the quantity demanded is much less than the percentage growth in its price. In this example, a ten percent fee upward push brings a two percent lower in the amount demanded so the call is inelastic.
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In economics, the pleasure, happiness, or satisfaction received from a product is called.
Utility is the term used in economics to describe the joy, happiness, or satisfaction derived from a product. When economists argue that people make rational decisions in their own best interests, they mean that people actively seek out and take advantage of chances to maximise their utility.
Economics uses the idea of utility to imitate worth or value. Its use has significantly evolved throughout time. The word was initially used to characterise pleasure or happiness as a component of the utilitarianism hypothesis by moral philosophers like Jeremy Bentham and John Stuart Mill.What four distinct utility kinds are there?People buy goods and services in order to be happy or get an advantage. People can satisfy a need or want as a result of drinking it. This situation is referred to asTo Learn more About Utility in Economics, Click the links.
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b decides to buy a single premium immediate annuity with a straight life only income option. how long will the insurer make payments to b?
Only for as long as b is alive, the insurer makes payments to b.
An entity that provides insurance is referred to as an insurer, an insurance company, a coverage carrier or an underwriter. a person or entity who buys coverage is called a policyholder, at the same time as someone or entity blanketed beneath the policy is called an insured.
Insured is the individual that is covered by chance. alternatively, the insurer is the employer that is offering coverage. it is a carrier that an insurer presents underneath a selected insurance coverage against a premium paid by the policyholder.
An insurer usually has the responsibility to guard or pay the prison charges of an insured who is concerned to criminal action for the protected chance.
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Business Assignment. 10) Explain 5 factor that managment of a business should consider before buying an office machine?
Price, function, quality, security and profitability are the 5 factor that management of a business should consider before buying an office machine.
A business is defined as an organization or enterprising entity engaged in commercial, commercial, or professional activities. Businesses may be for-income entities or non-income agencies. Commercial enterprise sorts variety from confined legal responsibility organizations to sole proprietorships, organizations, and partnerships.
Businesses help the society first through the distribution of products and offerings which can be critical for survival. Moreover, they create employment opportunities that assist individuals in the society earn an earnings to manage to pay for their wishes.
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the 1-page marketing plan: get new customers, make more money, and stand out from the crowd free pdf
Building your brand; The one-page marketing strategy: gain more clients, earn more money, and differentiate yourself from the competition.
What do you mean by marketing plan?A comprehensive business plan could include a marketing strategy. A well-written marketing plan must start with a strong marketing strategy in order to accomplish goals. While a marketing strategy includes a list of tasks, it is of little use to a business without a strong strategic base. A marketing plan is a thorough report or blueprint that describes the advertising and marketing strategies to be used in the upcoming calendar year. It covers the commercial operations involved in achieving particular marketing goals within a predetermined time frame. A marketing strategy also contains a discussion of the target market, a description of the target market, and a description of the marketing mix that will be used by the company to meet its marketing objectives.
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After designing the research project, the next step for the marketing researcher is to.
the next step for the marketing researcher is to collect data
Economic sectors across the board use marketing researchers. While many marketing researchers begin with research vendors, many also go on to work for specific firms, which we shall discuss below. Firms that provide focused research for their client companies are known as research providers. Major enterprises, governmental organizations, and mid-sized advertising agencies are examples of clients who frequently use research vendors on a project-by-project basis. Research providers are an excellent area for marketing researchers to gain expertise in a variety of projects, techniques, and survey designs because they have a wide range of clientele. In order to better serve their clients, research providers may offer data from a variety of sources, have a focus on digital and social media research, or offer specialized research.
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Abc currently has the following quotes: market maker bid ask size mm1 10. 00 10. 50 3 × 2 mm2 10. 20 10. 45 4 × 3 mm3 10. 25 10. 60 3 × 2 the inside bid good is for a) 300 shares. B) 200 shares. C) 400 shares. D) 100 shares
Insider offer is for 300 shares.
An insider's bid is the highest bid, or the most a person is willing to pay. In this situation, MM3 is willing to pay 10.25 for 300 shares.
In economics, supply is defined as the seller's willingness to sell/deliver various quantities of goods at various price levels within a certain time and under certain circumstances. Certain times indicate a certain period or time, and certain conditions indicate a state of ceteris paribus. In order to answer consumer needs, producers provide various goods and services.
The goods and services produced are then sold to consumers in the market according to a certain price level. Demand has to do with buying and using, while supply has to do with supply and sale. So, supply is the amount of goods and services available for sale at various price levels and situations.
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does student loan forgiveness apply to graduate school loans for those who get pell grants as undergraduates
Student loan forgiveness does apply to graduate school loans for those who get Pell Grants as undergraduates
If they received a Pell Grant, students are eligible for up to $20,000 in federal student debt forgiveness on any federal student loans.
Pell Grants are often only offered to undergraduate students who "show severe financial need and have not earned a bachelor's, graduate, or professional degree."
However, some students might have gotten a Pell Grant while still an undergrad and then ended up taking out graduate-level federal loans. Such a person would be eligible for $20,000 in debt forgiveness under the White House's plan, regardless of whether the outstanding loans are merely for graduate school.
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. smith inherits a ranch in the midwest and without having seen it, wants to sell it. which is the best deed he can use to convey the ranch with the least liability to himself? select one: a. general warranty b. bargain and sale c. quitclaim d. trustee's deed
Mr. Smith can use quitclaim as the best deed to convey the ranch with the least liability to himself. Hence, Option C is correct.
What do you mean by quitclaim?In general, a quitclaim is a formal renunciation of a legal right to land or of a claim against another person. A person who quitclaims transfers a legal interest in land or renounces or relinquishes a claim to some legal right.
The least amount of buyer protection is provided by a quitclaim deed, which is typically used for title transfers within families or to fix a title issue.
Hence, Mr. Smith can use quitclaim as the best deed to convey the ranch with the least liability to himself. Option C is correct.
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a c corporation description
plico acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. plico uses the double-declining balance method. if the equipment is purchased on september 1, 20x2, then first-year depreciatrion is:
The first year's depreciation is $35,000.
What Is the DDB Depreciation Method (Double-Declining Balance)?
The lowering balance method, also known as the double-declining balance depreciation (DDB) approach, is one of two popular ways a company will often account for the cost of a long-lived asset.
When opposed to straight-line depreciation, The double-declining balance depreciation method accelerates depreciation and counts as an expense more quickly than the method that uses the same amount of depreciation each year over an asset's useful life.Similar to the falling balance approach, the double-declining method doubles the rate of asset depreciation.
In commercial accounting, an accelerated depreciation computation known as the double-declining balance (DDB) approach is employed.
Specifically, compared to the conventional declining balance technique, the DDB method depreciates assets twice as quickly.
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A dividend end pays $65 of a $3000 stock price. what is the percent the dividend pays? 5.5% 2.2% 3.8% 1.7% 4.2%
Based on the dividend paid, and the stock price, the percentage paid by the dividend is 2.2%
What percentage is paid by the dividend?The percent that the dividend pays can be found as:
= Dividend amount / Stock price x 100%
Solving gives:
= 65 / 3,000 x 100%
= 2.16%
= 2.2%
In conclusion, the dividend paid 2.2%.
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praxis when the economy is in a recession, the federal reserve might implement an expansionary monetary policy in an effort to increase aggregate demand, which will cause
Praxis The Federal Reserve may employ an expansionary monetary policy in an effort to boost aggregate demand during a recession, which will lead to a growth in real gross domestic product and the level of prices.
The Federal Reserve, the central bank of the United States, has two goals: it must try to reduce unemployment and keep prices steady across the board. A phenomenon called as deflation occurs when prices occasionally decrease and unemployment increases. The Fed may take drastic measures to reduce unemployment and boost prices in the event of severe economic downturns in order to fulfill its historic purpose and offer urgent support to the American financial system and economy.
Some businesses start to collapse at the start of a recession usually as a result of a combination of genuine. Federal Reserve economic shocks or economic bottlenecks caused by the incompatibility of production and consuming activities as a result of previously distorted interest rate and credit circumstances.
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a $340,000 property sells at a 7% commission with a 50-50 co-brokerage split and a 50% agent split with her broker. what is agent's commission?
$11900 is the agent's commission.
What is commission?Although real estate commissions are negotiable, they normally range from 5 to 6 percent of the selling price of a home. The specifics of an agent's compensation can vary from sale to sale, depending on the region and the company they represent.
The typical commission paid to real estate agents in California is from 5 to 6%. But commission rates on more expensive home and property sales range from 4 to 5 percent. Prior to signing a listing agreement, the commission is typically discussed between the seller and the agent.
In Texas, a realtor makes an average of $91,014 year. Reported salary totaling 718 as of August 31, 2022.
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In order to add value to its business activities Sports Tours Ltd is considering two
options:
Option 1: using professional sports venues for tournaments
Option 2: providing teams with top class coaching when on tour.
(c) Justify which one of these two options Sports Tours Ltd should choose.
Answer:
Explanation:
Option 2 would be your answer.
Providing teams with top class coaching when on tour adds capital value to its business because you are hiring new employees which raise the value of a company. Using professional sports venues for tournaments would not add value to their business because they are not buying those venues and adding it to their business.
a $100,000 manufacturing tooling machine with a useful life of five years can be sold at the end of its useful life for $0. which depreciation method would depreciate the manufacturing tooling machine to a salvage value of $0 faster?
The depreciation method would depreciate the manufacturing tooling machine to a salvage value of $0 faster is Systematic and rational allocation.
To calculate depreciation the use of the directly-line approach, subtract the asset's salvage fee from what you assume it to be worth on the cease of its useful existence from its value. The result is the depreciable foundation or the amount that can be depreciated. Divide this quantity through the variety of years in the asset's beneficial lifespan. To calculate depreciation using a straight-line basis, virtually divide the internet charge buy price less the salvage charge by using the wide variety of beneficial years of lifestyles the asset has.
The double-declining balance method is a sort of elevated depreciation approach. in preference to dividing the value of an asset lightly among accounting durations, this approach shifts large depreciation prices towards the start of the asset's beneficial lifestyle so prices decrease as the asset nears its salvage fee. the age of the asset whilst bought, how often the asset is used, and the environmental conditions of the commercial enterprise that bought the asset.
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as a part of the interview process for his dream job – quality control at a small, luxury chocolate manufacturer – tony is asked to taste small pieces of chocolate and then describe what he tastes. tony is most likely being asked to provide a(n) .
as a part of the interview process for his dream job – quality control at a small, luxury chocolate manufacturer – tony is asked to taste small pieces of chocolate and then describe what he tastes. tony is most likely being asked to provide a(n) Phenomenological report
What is the purpose of Phenomenological report?
The phenomenological method aims to shed light on the particular by identifying phenomena based on how the players in a scenario experience them. In the human realm, this often entails obtaining "deep" data and perspectives using inductive, qualitative techniques like participant observation, conversations, and interviews, and expressing them from the viewpoint of the study subject (s).
Phenomenology is concerned with the investigation of experience from the viewpoint of the individual, "bracketing" presumptions and conventional modes of perception. Phenomenological techniques emphasize the value of a person's unique perspective and interpretation and are founded on an epistemological paradigm of personal knowledge and subjectivity.
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the benefits of economies of scale and increased competition to an economy include lower unit costs.
The economies of scale efficiently lead to lower per unit costs. There are several reasons for it. Firstly, production volumes are boosted through the specialization of labor and more integrated technology. Secondly, lower bulk orders can also result from bulk orders from suppliers, larger advertising buys, and lower costs of capital. Thirdly, awareness about internal costs across more units developed aids in reducing unit costs.
Economies of scale refer to cost advantages that are accessed by firms when production becomes more efficient. This is because costs can be spread over a larger amount of goods. Economies of scale can be both internal and external.
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Equiano tells his own story. he writes an eye-witness account of his experiences on board a slave ship from first-person point of view. question 1 options: true false
The statement that Equiano tells his own story from first-person point of view is TRUE.
What did Equiano do?Equiano was a man who was kidnapped as a boy and taken into slavery where he was able to purchase his own freedom.
Equiano recounted his experience when he was on the ship that took him to the West Indies and because it was an eye-witness account, it was from a first-person point of view.
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one thing that distinguishes normative economic principles from positive economic principles is that:
One thing that distinguishes normative principles from positive principles is that normative principles tell us how people should make economic decisions, and positive principles tell us how people actually do make decisions.
Positive economics describes and explains various economic phenomena. Normative economics focuses on the cost of financial fairness, or what the economy "ought to be" or "need to be." At the same time as tremendous economics is primarily based on truth and can not be approved or disapproved, normative economics is based totally on price judgments.
2 superb & normative economic statements. Nice statements are statements about economics which may be demonstrated true or fake by way of proof. Normative statements are statements which can't with the aid of supported or refuted as they are cost judgements, i.e. reviews, approximately how economies and markets must work.
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apps-a-plenty is a small organization that develops games to be sold as smartphone applications. apps-a-plenty does not maintain an office. rather, its four employees work from their homes. one lives in los angeles, one lives in philadelphia, one lives in miami, and one lives in atlanta. they collaborate via conference calls, video, meetings, and specialized software that allows them to work together in real time. apps-a-plenty is an example of
Apps-a-plenty is a small organization that develops games to be sold as smartphone applications. Apps-a-plenty does not maintain an office. rather, its four employees work from their homes. one lives in los Angeles, one lives in Philadelphia, one lives in Miami, and one lives in Atlanta. they collaborate via conference calls, video meetings, and specialized software that allows them to work together in real time. apps-a-plenty is an example of Virtual Organization.
What is a Virtual Organization?
A virtual organization is defined as the collection of individuals who occupy different geographical location and are able to work together through the means of electronic connectivity such as the internet in other to facilitate a production process.
According to the question, since all four employees of App-a-plenty alive in different locations and are able to communicate through conference calls, video meetings, and specialized software, the company is said to be a virtual organization.
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building a high-performing organization with a capable leadership and workforce is an example of קיימות.
Building a high-performing organization with a capable leadership and workforce is an example of economic sustainability.
What is economic sustainability?
Economic sustainability refers to actions that promote long-term economic growth without having a negative effect on the community's social, environmental, and cultural facets.
Therefore,
Building a high-performing organization with a capable leadership and workforce is an example of economic sustainability.
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the net present value (npv) method assumes that cash flows will be reinvested at the weighted average cost of capital (wacc), and the internal rate of return (irr) method assumes reinvestment at the irr
Internal rate of return (IRR) is a metric used in financial analysis to estimate the potential profitability of an investment. IRR is the discount rate that drives the net present value (NPV) of all cash flows to zero in a discounted cash flow analysis.
IRR calculation is based on the same formula as NPV. Note that the IRR is not the actual dollar value of the project. It is the annual returns that drive the NPV to zero.
In general, the higher the internal rate of return, the better to invest. Because IRR is consistent across different types of investments, it can be used to rank multiple potential investments or projects relatively evenly.
In general, when comparing investment options with other similar characteristics, the investment with the highest IRR may be considered the best.
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you make no sense like at all
Answer: thank you I don't know why but i will take that compliment
which business orientation best characterizes the period of time when businesses began utilizing technology and production techniques, such as assembly lines, to manufacture products in a more efficient manner?
Production orientation characterizes the period of time when businesses began utilizing technology and production techniques, such as assembly lines, to manufacture products more efficiently.
A business strategy known as "product orientation" concentrates on a company's products as a way to represent the brand. It's a form of market orientation in which businesses put customers' requirements ahead of other considerations.
Product-oriented business leaders frequently make significant investments in R&D for new products and product lines.
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Inside traders ordinarily defend their actions by claiming that they don’t injure.
Inside traders ordinarily defend their actions by claiming that they don’t injure anyone.
Insider trading is that the trading of a company’s securities by individuals with access to confidential or material non-public information about the corporate. Taking advantage of this privileged access is taken into account a breach of the individual’s legal duty. a corporation is required to report trading by corporate officers, directors, or other company members with significant access to privileged information to the Securities and Exchange Commission (SEC). Federal law defines an “insider” as a company’s officers, directors, or someone up to speed of a minimum of 10% of a company’s equity securities. Congress has criminalized these insiders’ use of private information under the speculation that the employment fraudulently violates a legal duty with which the corporate has charged the insider.
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who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?
The buyer is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing.
A buyer is typically liable for paying for his or her own appraisal and residential inspection. However, there are times when a seller could opt to pay money for either or both of those costs. The mortgage lender orders the appraisal and is the appraiser's client.
There is no legal requirement for either the customer or the vendor to purchase a land survey. In general, the party who wants the survey is the one who pays. As an example, if the vendor wants the survey, then they have to get in the cash, and likewise for the customer.
One-twelfth of the annual taxes and payment in every month. a credit to the client and a debit to the vendor. Who pays the appraisal fee on the property? Usually the client pays for the appraisal, but that payment is often the topic of negotiation between the customer and therefore the seller. Title Companies Protect Both Buyers And Sellers.
Your title shows who's owned the property within the past, contains an outline of the property home inspection and shows if there are any liens on that. Your title company could be a neutral third party hired by you to research and insure the title of the house you're buying.
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hich would be most helpful when considering a large expenditure that might require repeating payments? select three options.careful consideration of short-term goalsrecording the number of assets you currently owncreating a budget to consider future income and spendinglearning more about different kinds of accounts to manage moneylearning about op
The options that would be most helpful when considering a large expenditure that might require repeating payments are-
Careful consideration of short-term goals
Creating a budget to consider future income and spending
Learning about opportunity cost.
When a person wants to consider a recurring payment based on the use of large expenditure, he must check the short term goals, create a budget and learn about opportunity cost.
What does recurring payment mean?
"Recurring payment is a payment model where the customers authorize the merchant to pull funds from their accounts automatically at regular intervals for the goods and services provided to them on an ongoing basis."
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on 8/1, supplies costing $500 were purchased on credit. record this transaction in the accounting equation by: multiple choice question. decreasing cash, and increasing supplies increasing cash, and increasing supplies increasing supplies, and increasing accounts payable increasing supplies, and decreasing expenses
Supplies being purchased on credit can be recorded as increasing supplies, and increasing accounts payable.
How are credit purchases recorded?When a good is purchased on credit, the account of the good will be increases and debited because it is increasing in value. Supplies are to be increased therefore.
The fact that the purchase was on credit means that we owe the people the supplies were bought from and so the accounts payable will increase.
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department a has 2,000 square feet and department b has 5,000 square feet. assuming an allocation rate of $4 per square foot, how much cost should be allocated to department b?
$20,000 should be allocated to Department B.
We are given the space occupied by each department. But we are specifically asked for the allocation to Department B. We will simply perform multiplication operation to find the cost that should be allocated to department b. Multiplication is required when the repeated addition of same number or repeated calculation of any quantity is to be performed. In this question, we need to repeat $4 according to area of department, thus, multiplication will be performed.
Cost for one square foot = $4
Cost for 5000 square feet = 4*5000
Performing multiplication to find the cost to be allocated to Department B
Cost for 5000 square feet = $20,000
Hence, Department B should be allocated $20,000.
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According to our fip lecture and the slides from dr. Matt mars, what term is used to describe development and implementation for advancing innovative solutions to economic, environmental, social, and/or technological problems or opportunities?.
Entrepreneurial leadership is the term for organizing and motivating a group of people to work together toward a common objective through innovation, risk mitigation, opportunity spotting, and management of the dynamic organisational environment.
It is a style of thinking that motivates companies to look for opportunities to address problems and advance society.Successfully harnessing the skills of successful individuals and putting those into practice within the parameters of the larger organisation may constitute entrepreneurial leadership within a division of a large corporation.
The most well-known individuals who are regarded as "natural-born" entrepreneurial leaders include Richard Branson, Bill Gates, Mark Zuckerberg and Steve Jobs.
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