Economists compute the price elasticity of demand as the percentage change in the quantity demanded divided by the percentage change in the price.
What is Price Elasticity of Demand?Price Elasticity of Demand (PED) is a measure of the responsiveness of the demand for a good or service to variations in its price. It's defined as the percentage change in quantity demanded divided by the percentage change in price, all other factors being equal.
The PED formula is as follows: Percentage change in quantity demanded / Percentage change in price.
The PED coefficient is always negative in practice because the denominator is negative due to the inverse relationship between the quantity demanded and the price. As a result, a good's price elasticity of demand is typically represented as an absolute value.
Economists calculate price elasticity of demand as the percent change in quantity demanded divided by the percent change in price. If the quantity demanded rises by 10% as a result of a 5% reduction in price, for example, the price elasticity of demand is 10% / 5% = 2.0. A coefficient greater than one indicates that demand is highly sensitive to price fluctuations.
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31.4X R. James drew up the following statement of financial position on 31 December 2017. Statement of Financial Position of R. James as at 31 December 2017 $ Non-current assets Furniture and fittings Motor vehicles Current assets Inventory Accounts receivable Cash at bank Less Current liabilities Accounts payable Net current assets Capital 1 January 2017 ⁸0 7,870 When checking the books, the following errors and omissions were found. (i) A purchase of fittings, $140, had been included in the ******ebook converter DEMO Watermarks******* purchases account. (ii) Motor vehicles should have been depreciated by $280. (iii) A debt of $41 included in accounts receivable was Required: (a) show your calculation of the correct net profit (b) draw up a corrected statement of affairs as at 31 December 2017.
(a) the corrected net profit is: Capital 1 January 2017 + Net current assets - Non-current assets = $7,870 + ($0 - $140) - $7,590 = $140 b) Total capital $8,010
a) To calculate the correct net profit, we need to adjust for the errors and omissions found. Firstly, the purchase of fittings that was included in the purchases account should have been included in the furniture and fittings non-current asset account.
Therefore, we need to deduct $140 from the purchases account and add it to the furniture and fittings account. Secondly, the motor vehicles should have been depreciated by $280, which means we need to reduce the value of the motor vehicles account by $280. Finally, the debt of $41 that was included in accounts receivable was not paid, so we need to deduct it from the accounts receivable account.
So, the adjusted statement of financial position is:
Non-current assets:
Furniture and fittings $140
Motor vehicles $7,590 (original value of $7,870 - $280 depreciation)
Current assets:
Inventory
Accounts receivable $0 (original value of $41 - $41 debt)
Cash at bank
Less Current liabilities:
Accounts payable
Net current assets:
Capital 1 January 2017
Therefore, the corrected net profit is:
Capital 1 January 2017 + Net current assets - Non-current assets = $7,870 + ($0 - $140) - $7,590 = $140
(b) The corrected statement of affairs as at 31 December 2017 is:
Non-current assets:
Furniture and fittings $140
Motor vehicles $7,590
Current assets:
Inventory
Accounts receivable $0
Cash at bank
Less Current liabilities:
Accounts payable
Net current assets: $0
Capital 1 January 2017 $7,870
Add: Corrected net profit $140
Total capital $8,010
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what is the most accurate description of person-organization fit?
Answer: a match between an individuals personality and values, and those of the organization
Explanation:
select all that apply x-co issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to record this event includes: multiple select question. $10,000 credit to preferred stock. $100,000 debit to cash. $90,000 credit to additional paid-in capital. $100,000 credit to preferred stock. $90,000 debit to cash.
Select all that apply x-co issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to record this event includes: $100,000 credits to Preferred Stock; $100,000 debit to Cash.
Inventory consists of all of the shares by using which possession of a business enterprise or agency is divided. A single percentage of the stock manner fractional ownership of the company in proportion to the entire variety of stocks.
Stocks represent possession in a publicly traded company. while you buy a organization's stock, you become element-proprietor of that agency. as an example, if a corporation has one hundred,000 shares, and also you purchase 1,000 of them, you own 1% of the enterprise
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When Angel has a comparative advantage over Blake in cooking, it means that:
A. Angel can cook faster than Blake can.
B. the opportunity cost of cooking is lower for Angel than Blake.
C. the opportunity cost of cooking is higher for Angel than Blake.
D. Blake can cook faster than Angel can.
B) When Angel has a comparative advantage over Blake in cooking, it means that: the opportunity cost of cooking is lower for Angel than for Blake."
Explanation: Comparative advantage refers to the ability of one individual or entity to produce a good or service at a lower opportunity cost than another individual or entity. In this scenario, if Angel has a comparative advantage over Blake in cooking, it means that Angel can produce meals with a lower opportunity cost compared to Blake. This implies that Angel can cook meals more efficiently, either by using fewer resources or by producing more output with the same resources, than Blake. The lower opportunity cost for Angel suggests that if both individuals were to allocate their time and resources to cooking, Angel would have a relatively smaller sacrifice in terms of alternative opportunities forgone. Therefore, option B is the correct answer as it accurately describes the concept of comparative advantage in this context.
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Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?
A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education
Answer:
c
Explanation:
As part of the bond indenture, XYZ Corporation has pledged a warehouse property owned by the company as collateral for its recent bond issue. Identify which type of bond has been issued by XYZ. A. Secured bond B. Insured municipal security C. Private activity bond D. Revenue bond
As part of the bond indenture, XYZ Corporation has pledged a warehouse property owned by the company as collateral for its recent bond issue. The type of bond has been issued by XYZ is "Secured bond". The correct option is A.
The secured bond is a type of bond that is property or assets, that the issuer pledges as security to the bondholders.
The bondholders have a claim on the collateral to recover their investment. In this case, XYZ Corporation has pledged a warehouse property as collateral for its recent bond issue which makes the bond a secured bond.
Therefore, the correct option is A that is secured bond.
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The insured party has no part in determining the wording of an insurance contract. in this respect, insurance contracts are considered to be __________.
Standardized contracts.
Why are insurance contracts considered to be standardized?Insurance contracts are considered to be standardized because the insured party has no role in determining the wording of the contract. Insurance companies draft the contracts to establish the terms and conditions of coverage. These contracts are designed to be consistent and uniform, providing a standardized framework that applies to all policyholders within a particular insurance product or line of business.
The standardization of insurance contracts serves several purposes. First, it ensures fairness and equal treatment among policyholders by providing consistent terms and conditions for coverage. Second, it helps streamline the underwriting and claims processes, as insurers can rely on predefined contract provisions. Lastly, standardization facilitates regulatory oversight and compliance, as authorities can assess the fairness and adequacy of insurance products more easily when contracts follow a consistent format.
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Boal and Hooijberg (2000) suggested in their analysis of research on strategic leadership that strategic leaders need to have the ability to learn, the capacity to adapt, and managerial wisdom. Provide an example from your own life for each ability. real-life example as a student.
PLEASE ANSWER THE EXAMPLE PART.
Strategic leaders need the ability to learn, adapt, and possess managerial wisdom. As a student, I have demonstrated these abilities
Learn: In my academic journey, I have consistently exhibited a strong desire to acquire new knowledge and skills. For instance, when I encountered a challenging subject, instead of shying away from it, I proactively sought additional resources such as textbooks, online courses, and educational videos to deepen my understanding. This commitment to continuous learning has allowed me to grasp complex concepts, expand my intellectual horizons, and excel academically.
Adapt: As a student, I have often encountered unexpected changes or obstacles that required me to adapt quickly. For example, when faced with a sudden change in my class schedule due to a teacher's absence, I swiftly adjusted my study routine and leveraged online resources to independently continue my learning. By being flexible and resilient in the face of change, I have been able to maintain my academic progress and stay focused on my goals.
Managerial Wisdom: As a student, I have honed my managerial wisdom by effectively organizing my time, prioritizing tasks, and making sound decisions. For instance, when faced with multiple assignments and extracurricular commitments, I have learned to carefully allocate my time and energy to ensure optimal productivity and success. Additionally, I have developed the ability to assess risks, consider various perspectives, and make informed choices regarding my academic pursuits, which has contributed to my overall growth and achievement.
In summary, as a student, I have exemplified the ability to learn by actively seeking knowledge, the capacity to adapt by responding flexibly to unexpected circumstances, and managerial wisdom through effective time management and decision-making. These abilities have not only helped me navigate the challenges of education but have also fostered personal growth and academic success.
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Which group tried to learn American Indian languages and customs?
What programs are always running when your computer is turned on? Enter the names of the programs in the space provided.
Answer:
The French
Explanation:
Edge babyyyyy
having money set aside for retirement is a common long-term financial goal. if your goal
It is true that Having money set aside for retirement is a common long-term financial goal.
What is financial goal?Financial goal can be decribed as the long term goal that anyone planonng for his or her future should be make so that he can have enough during the time of retirement.
It should be noted thast this is been consdidered as a long term goal because it involves the planning of it right from the time one get the job so that he can save enough by the time he will retire from the civil service and can styill be financial bouyant.
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Complete questions;
TRUE/FALSE having money set aside for retirement is a common long-term financial goal. if your goal
What are the key qualities required for an individual starting a new business?
The key qualities required for starting a new business are ambition, resilience, and financial management skills.
Ambition is essential in order to have the drive and determination to start and manage a business. Resilience is also important, as it helps to face the challenges that come with running a business and to remain focused on the main goal.
Financial management skills are also essential, as this help to understand the finances of the business, budget properly, and make informed decisions.
Furthermore, good communication and networking skills are essential in order to create business relationships, and marketing skills help to create an effective presence in the market and attract customers.
Additionally, problem-solving and decision-making skills are important to help deal with the issues that may arise in a business. Finally, the ability to stay organized and prioritize tasks is necessary to ensure that all tasks are completed in a timely manner.
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in times of rising prices, cost of goods sold determined using the lifo inventory assumption typically will be than cost of goods sold determined using the fifo inventory assumption.
When prices are rising, the Cost of Goods Sold according to LIFO will be higher than cost of goods sold under FIFO.
Last-In, First-Out (LIFO) refers to a company selling off the latest inventory that it receives first before the inventory it received earlier.
When prices are rising, LIFO will result in a higher COGS because:
Purchases will be high Closing stock will be low on account of only the earlier cheaper inventory being leftIn conclusion, LIFO results in cost of goods sold being higher because the closing stock which is deducted from COGS will be lower.
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What is the present value of $11000 paid at the end of each of the next 101 years if the interest rate is 13% per year?
The value of a sum of money that will be received in the future in the present. Therefore, $1,000 today equals $1,100 after a year (at 10% interest).
If the proper interest rate is 10%, then $100 divided by 1.10, or $91, represents the present value of $100 spent or earned one year from now.
Is the value of money that will be paid or received in the future expressed in today's dollars or something else?The idea of present value holds that a sum of money is worth more today than it will be tomorrow. Or, to put it another way, money received in the future is not as valuable as money obtained today in an identical quantity. Getting $1,000 today is more valuable than getting $1,000 in five years.
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Using demand curves, what would happen if the price of pop increases?
o. Demand for pop will increase
b. The demand curve will shift to the right
c. Demand for pop will decrease
The demand curve will shift to the left
Using demand curves, if the price of pop increases, then, the demand for pop will decrease. The Option
How does demand for product change in response to a change in price?According to demand law , as the price of a product increases, the quantity demanded of that product will decrease. This inverse relationship between price and quantity demanded is illustrated graphically by a downward-sloping demand curve.
Therefore, if the price of pop increases, the demand for pop will decrease. This can be shown by a movement up along the demand curve, resulting in a lower quantity demanded at each price point.
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If the price of an Economics e-text was equal to $45.00 and the quantity sold was
equal to 125, then the total revenue would equal $3,625. True or False?
The total revenue is not equal to $3,625.
Given that,
The price of the economics e-text is equivalent to $45.The quantity sold is 125So, the following formula to be used for determining the total revenue:
= Price × quantity sold
= $45 × 125
= $5,625
Therefore we can conclude that the total revenue is not equal to $3,625.
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Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
An organization's comprehensive, or overall, financial budget may typically encompass the:
A.
budget to acquire capital assets for future use (an 8- to 10-year future range).
B.
capital expenditures budgets for the next 5 years.
C.
operations budget for the next 12 months.
D.
All of these are correct
All of the options A, B, and C are typically part of an organization's comprehensive financial budget.
An organization's comprehensive financial budget usually includes all of the options mentioned: budget to acquire capital assets for future use, capital expenditures budgets for the next 5 years, and operations budget for the next 12 months.
A comprehensive financial budget takes into account the long-term financial planning of the organization, including the acquisition of capital assets that will be used in the future (option A) over a range of 8 to 10 years.
It also includes the capital expenditures budgets (option B) that outline the planned investments in assets and infrastructure over the next 5 years.
Additionally, it encompasses the operations budget (option C) for the next 12 months, which includes the day-to-day expenses, revenue projections, and financial targets for the organization's ongoing operations.
Therefore, all of the options A, B, and C are typically part of an organization's comprehensive financial budget.
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List two things you could do now to further explore the career clusters you are interested in.
please help will give brainliest
-Reading and Researching. First, I strongly recommend that you create a separate and labeled folder for each of your top ten career/job options. ...
-Networking and Informational Interviewing
-Gaining Relevant Experience
Answer:
study the sybjects i wnt to do and pass the exsams
Explanation:
Under a contractionary taxation policy, the government can reduce the deficit by
A) increasing taxes.
B) reducing taxes.
C) increasing spending.
D) increasing inflation.
The Answer is A) increasing taxes.
Answer:
c
Explanation:
not sure but I tried may best tho
Answer:
A) increasing taxes.
Explanation:
In a transportation company, what is/are some of the total value
of the products/services that can be implemented?
Potential products/services that can be implemented in a transportation company include freight and cargo transportation, logistics and supply chain management, express delivery and courier services, third-party logistics (3PL) services, specialized transportation services, last-mile delivery solutions, and transportation consulting/advisory services.
How can transportation companies provide value?In a transportation company, there are several potential products and services that can be implemented to provide value to customers. Here are some examples:
1. Freight and Cargo Transportation: Transporting goods and cargo from one location to another is a fundamental service provided by transportation companies. This can involve various modes of transportation, including trucks, ships, trains, and airplanes. Companies can offer efficient and reliable transportation services to move goods domestically or internationally.
2. Logistics and Supply Chain Management: Transportation companies can provide end-to-end logistics and supply chain solutions. This includes managing inventory, warehousing, order fulfillment, and distribution to ensure the smooth flow of goods from suppliers to customers. By optimizing the supply chain, companies can reduce costs and improve overall efficiency.
3. Express Delivery and Courier Services: Offering time-sensitive delivery services is another valuable product in the transportation industry. This includes express delivery of parcels, documents, and packages to meet urgent deadlines. Companies can provide door-to-door delivery, tracking capabilities, and efficient route planning to ensure timely and reliable service.
4. Third-Party Logistics (3PL) Services: Many businesses outsource their logistics and transportation operations to third-party providers. Transportation companies can act as 3PL providers, offering services such as transportation management, inventory management, order fulfillment, and warehousing. This allows businesses to focus on their core competencies while relying on the expertise of the transportation company.
5. Specialized Transportation Services: Some transportation companies specialize in particular sectors or industries. For example, they may focus on transporting hazardous materials, oversized cargo, or perishable goods. Specialized services require specialized equipment, expertise, and compliance with industry-specific regulations.
6. Last-Mile Delivery Solutions: Last-mile delivery refers to the final leg of the transportation process, delivering goods from a distribution center to the end customer. Transportation companies can provide innovative last-mile solutions, including the use of drones, autonomous vehicles, or crowdshipping platforms. These services aim to enhance the speed, convenience, and efficiency of delivering goods to customers' doorsteps.
7. Transportation Consulting and Advisory Services: Transportation companies can offer consulting services to help businesses optimize their transportation operations. This includes analyzing supply chain processes, identifying cost-saving opportunities, recommending logistics strategies, and providing insights into industry trends and best practices.
It's important to note that the specific products and services a transportation company implements will depend on factors such as their resources, expertise, target market, and industry demand.
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What is the term for a legally-binding document outlining the terms and conditions of a business transaction?
Answer:
A contract.
Explanation:
Daniel is organizing a business seminar. He’s writing an email to attract participants. Which sentence would make a good motivational closing for Daniel’s persuasive message?
A. Learn how successful companies hire the best talent!
B. There will be six presentations by human resources experts.
C. Many successful companies use our proven hiring techniques.
D. Register today and get an early bird discount of 20 percent.
E. The keynote address is by Dr. Jenkins, a reputable staffing consultant.
its D I HAVE THE SAME TEST
Explanation:
The product positioning strategy based on a category or type of product is the positioning approach of:
A) product user
B) product class
C) use or application
The product positioning strategy based on a category or type of product is the positioning approach of product class.
Product class positioning is a strategy that focuses on the characteristics and benefits of a particular category or type of product. It involves positioning a product relative to other products in the same category or class. For example, a company that produces a high-end line of laptops may position their products as the premium option in the laptop category.
On the other hand, product user positioning focuses on the characteristics and benefits of the target market or user of the product. Use or application positioning, as the name suggests, focuses on how the product is used or applied by the consumer.
While all three positioning approaches can be effective in certain situations, product class positioning is particularly useful when there is a clear distinction between categories of products and when consumers are highly familiar with those categories.
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The product positioning strategy based on a category or type of product is the positioning approach of B) product class.
In a product positioning strategy, companies aim to create a unique and distinct image of their product in the minds of their target consumers. This helps the product stand out in a competitive market and establishes its identity.
When using the product class positioning approach, businesses focus on differentiating their product based on the specific category or type of product it belongs to. This allows them to highlight the product's unique features, benefits, and advantages compared to other products within the same class. This strategy is particularly useful when there is a large variety of similar products available in the market, as it helps consumers to quickly and easily distinguish between different offerings.
By concentrating on the product class, the positioning strategy enables the business to showcase its product's superiority within its category. This can lead to increased brand recognition, consumer loyalty, and overall market success. To achieve the desired positioning, companies need to invest in effective marketing and communication strategies that clearly convey the unique attributes of their product class.
In conclusion, when positioning a product based on its category or type, the product class positioning approach is the most appropriate method. This strategy helps businesses create a distinctive image for their product, allowing it to stand out among competitors and appeal to target consumers.
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What are concerns of risk of Sovereignty? Include some examples.
Tasha works as an information technologist for a company that has offices in New York, London, and Paris. She is based out of the New York office and uses the web to contact the London and Paris office. Her boss typically wants her to interact with customers and to run training seminars to teach employees new software and processes. Which career pathway would have this type of employee?
Network Systems
Programming and Software Development
Information Support and Services
Interactive Media
Answer:
network systems i think
Explanation:
Answer:
d: interactive media
Explanation:
According to the national institute for occupational safety and health, how many united states employees feel stressed at work?.
The national institute indicated that about 40% of U.S. workers feel stressed at work.
What is a job stress?This refers to any harmful physical and emotional responses that occur when the requirements of the job do not correspond with the resources or need of the worker.
These job stress have a tendency to result to bad mental health, risk of anxiety, burnout, depression etc.
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A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Cross-functional team
C. Management team
d. Corporate team
Answer:
B. Cross-functional team
Explanation:
A writer, an illustrator, a publisher, and an agent would form a Cross-functional team. The correct option is B.
What are cross-functional skills?A Cross-Functional Candidate, according to Glassdoor, is a candidate with jack-of-all-trades abilities. In other words, a candidate with cross-functional skills is someone who is proficient in one or more related technologies or skills while also being knowledgeable in other technologies or skills.
Working cross-functionally, also referred to as working with teams other than your own, will inevitably occur at some point in your career. And doing it well can inspire innovative ideas, enhance your ability to interact with others, and improve your workplace's culture, productivity, and happiness.
Thus, the ideal selection is option B.
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What do you think the letters in SMART stand for?
Answer:
SMART
Explanation:
I hope this is what you you were looking for!
Have a good one!
at the outbreak of the american civil war, many believed that the conflict would be over in a month _____ others had a dreadful premonition of the future.
At the outbreak of the American Civil War, many believed that the conflict would be over in a month (American Civil War, conflict), while others had a dreadful premonition of the future. (dreadful premonition, future)
The belief that the Civil War would be short-lived stemmed from several factors, including the initial enthusiasm and optimism of both the Union and Confederate sides. Additionally, the lack of experience in modern warfare and the underestimation of the opposing forces led to the perception that victory would come swiftly.
However, those with a dreadful premonition recognized the deep-rooted divisions within the nation and the magnitude of the issues at hand, such as slavery and state sovereignty. They foresaw a long and devastating conflict that would reshape the course of American history.
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What is a source of equity financing?
A. securing short-term loans from a family member
B. receiving trade credit from suppliers
C. selling personal assets to raise funds
D. securing government loans
E. borrowing money from friends