Elasticity measures the responsiveness of one variable to changes in another. The correct option is A.
What are the measures of elasticity?The price of the commodity, the price of related goods, and consumer income are the three quantifiable factors that determine demand and are used to calculate its elasticity. Price, cross, and income elasticities of demand are the three types of elasticities of demand.
The degree to which the quantity of a good is demanded in response to a change in its price is known as its elasticity of demand. The formula for calculating it involves dividing the proportionate change in quantity demanded by the proportionate change in the price level.
Elasticity is a measure of a variable's receptivity to changes in another variable. Elasticities are unitless, so you can measure the underlying variables in any way you like and they won't affect the elasticity. Elasticity and slope are not the same.
Thus, the ideal selection is option A.
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Which eoc configuration allows personnel to function.
Answer:
Departmental Structure functioning in the EOC with minimal preparation.
Using the percentage-of-receivables basis, Continental Industries estimates it has total bad debts of $25,150. If Continentalâs trial balance shows an Allowance for Doubtful Accounts with a debit balance of $8,750, which of the following adjusting entries should the firm make? Bad Debt Expense = Debit of $16,400; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense =Debit of $16,400; Allowance for Doubtful Accounts = Credit of $33,900 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Answer:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Explanation:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Should the firm make the following adjusting entries:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
What is Bad Debt Expense?When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognized. For example, if a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000. A bad debt is any loan or outstanding balance that a company considers uncollectible. Bad debt is normal and expected for businesses that provide loans and credit to customers. There will almost certainly be customers who are unable to repay their debts.Therefore,
Should the firm make the following adjusting entries:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
When a firm's allowance account has a debit balance, the firm must add the debit balance ($8,750) to the required balance ($25,150) when making the adjusting entry (resulting in a credit of $33,900). The same amount should be deducted from the Bad Debt Expense.
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1. In a general sense, a business stakeholder is one who has made substantial financial investments in the business. 2. Ethics refers to how human beings should properly live their lives. 3. Values are the only guidance individuals need to act in ways that are positive or ethical. 4. The well-being promoted by ethical values is not a personal and selfish well-being. 5. In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent. 6. Identify a true statement about the field of business ethics. 7. The ________ asserts that ordinary ethical standards should be kept separate from, and not be used to judge, business decisions because business has its own standards of good and bad
The Separation Thesis is one business ethic that asserts that ordinary ethical standards should be kept separate from, because business has its own standards of good and bad.
What is Separation Thesis?This refers to the theory that states that ordinary ethical standards should be kept distinct from business standards because they both make use of different standards to judge good and bad.
We can note that ethics has to do with doing the right thing so as to maintain a healthy business relationship without subverting the right things to make a quick profit.
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Roosevelt created the fair employment practices commission to.
Answer:
The Fair Employment Practice Committee was created in 1941 in the United States to implement Executive Order 8802 by President Franklin D. Roosevelt banning discriminatory employment practices by Federal agencies and all unions and companies engaged in war-related work.That was shortly before the United States entered.
Explanation:
hope this helps
In step 2, when you added nitric acid to the copper wire, what gas was produced?.
Answer:
Nitrogen Dioxide.
Explanation:
That is the answer
______ refers to an increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes.
The increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes refers to diversification.
What is diversification?
Diversfication is the process by which a firm increases the product offerings to its customers in a particular region. The purpose of diversification is to increase the options avaiable to customers, increase profit margin and increase market share.
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A clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. What action would the store owner most likely take? The store owner would most likely raise the price of the spring jeans to encourage producers. The store owner would most likely lower the price of the spring jeans to encourage producers. The store owner would most likely raise the price of the spring jeans to encourage consumers. The store owner would most likely lower the price of the spring jeans to encourage consumers
The action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.
What is supply?
Supply refers to the quantity of goods that a seller is willing to sell at a given price in a given period of time. It has a positive relationship with price of commodity, which means supply increases with increase in the commodity's price.
There is also law of supply which states that the quantity of a good supplied increases as the price increases and vice versa.
Hence, the action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.
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Answer:
D
Explanation:
Why did the oil industry damage texas environment in its early years.
Answer:
water, air, and land was destroyed in the quest of money.
Explanation:
PLEASE HURRY
This year, teachers can earn a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the teachers’ tax returns?
The $250 will come directly off of the amount of taxes the teachers owe.
The $250 will be subtracted from the teachers’ gross incomes.
This credit will put them in higher tax brackets.
This credit is not big enough to make any impact on the teachers’ taxes.
Answer:
The $250 will come directly off of the amount of taxes the teachers owe
Explanation:
that's what the answer would be in real life scenario
Which of these is a consumer right recognized by the united nations? a. right to equality b. right to openness c. right to education d. right to collaboration
Consumer's right means information about the products or services to a consumer. The WHO recognized the right to education as a consumer right.
What are consumer rights?It means a consumer right to information about the products or services quality, quantity, purity, price and standard. The consumer has the right to be protected against unfair trade practices.
US President John F Kennedy in 1962 declared 15 April as World Consumer Rights Day and recognizes basic consumer rights such as right to safety; to be informed; to choose and to be heard. So option c right to education is recognized by WHO as a consumer right.
Therefore, option c right to education aptly describes the statement.
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Answer:
C. Right to education
Explanation:
In negative self talk, personalizing is when a person _______. a. focuses only on their problems, ignoring their successes b. blames themselves for every problem, whether it was their fault or not c. believes that every situation will end badly d. see themselves as a failure for not living up to impossible standards please select the best answer from the choices provided a b c d
Answer:
I believe that the answer is A. Focuses only on their problems, ignoring their successes.
In the personality development of an individual, sometimes the person tries to shrink his thinking capacity and his own willpower; he starts blaming himself without any fault. This is termed "negative self-talk."
What causes negative self-talk?The main reasons for negative self-talk are a lack of self-confidence and depression. When a person fails in doing something, their self-confidence collapses so much that they give up easily, which makes them lose their confidence. This cause is common among those who are easily affected by others' views of them.
Sometimes others' points of view become so heavy on a person's mind who has less or no self-confidence that he starts the blame game. He becomes a self-blamer, believing that whatever happens, especially when something goes wrong, he will be held responsible even if he was not the cause of the problem.
Thus, the correct answer is B, where the person blames themselves for every problem, whether it was their fault or not, because they become the victim of the judgment of other people rather than their own judgment.
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What are the 5 factors taken into account when calculating a credit score?.
Answer:
Payment history. Payment history is the most important ingredient in credit scoring, and even one missed payment can have a negative impact on your score. ...
Amounts owed. ...
Credit history length. ...
Credit mix. ...
New credit.
Explanation:
In a recent annual report, General Electric reported the following in its inventory note:
December 31 (dollars in millions) Current Year Prior Year
Raw materials and work in progress $5,613 $5,325
Finished goods $2,813 $2,576
Filled shipments $252 $277
$8,678 $8,178
Less revaluation to LIFO (2,286) (2,096)
LIFO value of inventories $ 6,392 $ 6,082
It also reported a $22 million change in the cost of goods sold due to "lower inventory levels".
Required:
Compute the increase or decrease in the pretax operating profit (loss) that would have been reported for the current year had GE employed FIFO accounting for all inventory for both years
Based on the LIFO reserve for both years, the increase in pretax operating profit would have been $190 million.
What is the change in pretax operating profit?The change in pretax operating profit if GE used FIFO instead of LIFO is:
= Revaluation to LIFO in current year - Revaluation to LIFO in previous year
Solving gives:
= 2,286 - 2,096
= $190 million.
Because this shows a larger value for ending inventory under FIFO, it means that the Cost of Goods sold would be less thereby increasing profits by $190 million.
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Josh is a full-time college student who is not working or looking for a job. The bureau of labor statistics counts josh as.
The bureau of labor statistics counts Josh a full-time college student who is not working or looking for a job as labor force.
What is labor force?Labour force can be defined as the number of people in the country who work and are also capable of working. They are people who are willing and able to work.
It is to be noted that the total number of people who are currently employed plus the number of people who are unemployed and seeking employment refers to labor force.
Hence, Josh a full-time college student who is not working or looking for a job can be termed as labor force.
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Select the correct answer from each drop-down menu.
Which two points must Ajay keep in mind when writing content for his web page?
Ajay is writing web page content for a county health department’s website. He should make sure that the text on the web page . He must also be careful to use a tone for the content
The points that must be kept by Ajay in mind when writing content for his web are key or important such that it establishes his professionalism and the interest of the department coupled with the fact that it is a matter of national interest. Hence the sentences are given below.
Ajay is writing web page content for a county health department’s website. He should make sure that the text on the web page . He must also be careful to use a tone for the contentWhat is content writing?Content writing is the art of writing, editing, and publishing content in a digital format. The content may be in form of blogging, video or podcast scripts, ebooks or whitepapers, press releases, product descriptions, page landing or social media.
Therefore, when Ajay is writing such, he needs to keep in mind the sentences identified above.
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Which of the following factors are considered when calculating GDP? I. Goods produced within a country by citizens of that country II. Goods produced within a country by residents who are not citizens III. Goods produced within a country for use in production of other goods IV. Goods produced by a country’s citizens outside of its borders a. II and III b. I only c. I and II d. I, II, III, and IV.
GDP refers to the total value of goods and services produced by resident and non-resident during a year in a country.
What is GDP?Gross Domestic Product refer to the gross value (in terms of money) of finished goods and services produced in a country within a year by resident and non-resident in domestic territory of the country.
The above option I and II describes the factors considered for calculation of GDP, i.e. Goods produced by citizens as well as non-resident within a country.
Therefore, option c aptly describes the factors considered for calculating GDP.
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Answer:
C. I and II
Explanation:
which line represents the flow of final goods and services?
which line represents the flow of consumer spending?
which line represents the flow of land, labor, capital, entrepreneurs?
which line represents the flow of rent, wages, interest, and profits?
The Household line represent the flow of final goods and services and consumer spending while the Business line represent the flow of rent, wages, interest, and profits.
What is the circular flow diagram?This is an economic diagram that illustrate the flow of money through the economy.
The four parts of the circular flow diagram includes:
individuals,firms, market for goods and services,market for factors of production.In conclusion, these economic diagram illustrates the system functions through the interactions of households and firms.
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________ analytics finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints.
It should be noted that Extension of goal-seeking analysis, finds the optimum value for a target variable .
What is Goal seeking?Goal seeking serves as one of the tools used in "what-if analysis" on computer software programs.
This analysis is performed by repeatedly changing other variables, subject to specified constraints.
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How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by eliminating tariffs and taxes on imports and exports by encouraging countries to provide open access to trade by helping smaller countries compete in the world market
Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.
Why are trade agreements important?Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.
Thus Option C is correct about the trade agreement.
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Answer:
C on egde<3
Explanation:
Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.
Coca Cola follows a price discrimination strategy in its marketing mix and the target market is younger customers within the age bracket of 10-25.
What is Marketing mix?These are set of marketing tools that the firm uses to pursue its marketing objectives in the target market.
Coca Cola follows a price discrimination strategy in its marketing mix means that they charge different prices for their products and its target market are young customers.
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From 2004 to 2006 the Fed raised the federal funds rate gradually in a series of steps. The Fed's purpose was to raise the prime interest rate so that: a banks would reduce lending that was building up unmanageable consumer debt. b aggregate demand would continue to grow consistently and with low inflation. c high inflation rates would fall. d aggregate supply would grow, increasing output and lowering the price level.
Evaluating your results is important because it helps you to ________. a. prevent future problems from occurring b. implement your solution more efficiently c. identify possible causes of the problem d. all of the above
answer:
d. all the above.
It is important to evaluate results because this can help prevent future problems and identify sources of problems so d. all of the above.
Why should we evaluate results?Evaluating results means taking time to find out what happened during a project.
This helps us to find out problems in that projects as well as ways we can solve those problems. This ensures that problems are prevented in future.
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From an entrepreneurial perspective, ______ is a description of the future you envision for your business.
Answer:
The answer is , planning
Explanation:
I hoped it was helpful !
Regina is creating her competitive analysis. She understands why it's important to know her direct competitors, but she's not sure why indirect competitors matter. She asks you if indirect competitors are important to know about. What should you say?
Regina should understand that indirect competition is important to understand because the different product fulfills the same customers needs.
What is competitive analysis?A competitive analysis simply means a marketing strategy that's reunited to have edge over other competitors.
In this case, Regina should understand that indirect competition is important to understand because the different product fulfills the same customers needs.
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Mia puts money into a piggy bank so she can spend it later. What function of money does this illustrate?.
savings
Explanation:
your are putting your money back and being responsible
Marginal cost increases as the quantity of output increases. This reflects the property o
The property of marginal cost increasing as the quantity of output increases is known as diminishing marginal product.
What is diminishing marginal product?
Diminishing marginal product states that says as more units of a variable input of production is added to a fixed factor of production, output might increase initially but after a point total output would increase at a decreasing rate and marginal product would begin to decrease.
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Marginal cost increases as the quantity of output increases. This reflects the property of diminishing marginal product.
What do you mean by Marginal cost?Marginal cost refers to the change in total production cost by producing one additional unit.
A company can maximize its profits by producing to where marginal cost equals marginal revenue. The law of diminishing marginal product where an advantage can be gained for a factor of production.
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Dane is a single father with one qualifying dependent child. He has AGI of $154,000 and paid $9,100 to a qualified day care center for the two children. What amount of child and dependent care credit can Dane receive in 2021? Multiple Choice $0. $2,800. Incorrect $8,000. $9,600
Because Dane is a single father with one qualifying dependent child, the child and dependent care credit will be $8,000.
What is the child and dependent care credit?This is a tax benefit that is made for qualifying persons that provide care for someone else.
The child and dependent care credit is for up to of $8,000 in qualified expenses for a qualifying child, and up to $16,000 for two or more children.
Hence, because Dane is a single father with one qualifying dependent child, the credit will be $8,000.
Therefore, the Option D is correct.
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how can asking for help with your work be an advantage
It will be an advantage if you answer your questions again after getting help.But without looking at the answers you got from friends and compare it later to see if your answers were alike or not.
C&s operates large businesses but is not well-known by consumers. It has more than 75 high-tech facilities in 15 states and supplies supermarkets and institutions with more than 170,000 different products. C&s is a:.
Based on the fact that C&S is a huge business that supplies supermarkets, it is a wholesaler.
What is a wholesaler?A wholesaler is a company/ store that supplies retail outlets with the goods that they then sell to the final consumer.
C&S is a wholesaler because it supplies goods to supermarkets and institutions for them to then sell to the final consumer.
Wholesalers are also not very well known by consumers because they don't sell directly to them.
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A demand curve enables a firm to examine prices Blank _____. Multiple choice question. in terms of quantity sold relative to the costs to produce the product in terms of supply relative to its profits
The purpose of the demand curve is to allow a firm to examine prices in terms of quantity sold.
What does the Demand Curve show?The Demand curve shows the price at which various quantities of goods and services are bought and sold in the market.
A firm can therefore use a demand curve to see which prices they can sell their goods and at what quantity.
In conclusion, option A is correct.
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Answer: in terms of demand and the firm's objectives
Explanation: A demand curve enables a firm to examine prices based on the number of buyers who want the product.