A 15 percent increase in the price will result in 18% decrease in quantity demanded.
What is Price Elasticity Of Demand?
Price elasticity of demand is defined as the the change in the rate of consumption of a particular product with respect to the change in its price. It is given as is the ratio of the percentage change in the quantity demanded of a product to the percentage change in price.
Simply put;
Price elasticity of demand = percentage change in quantity demand / percentage change in price
[tex]pEd[/tex] =[tex]\frac{percentage change in quantity}{percentage change in price, }[/tex] ; [tex]pEd[/tex] =[tex]\frac{Qd}{Pd }[/tex]
We were given that
Price Elasticity of demand; pEd 1.20Increase in the price ; 15%Plugging in our values, we have that
1.20 =[tex]\frac{Qd}{0.15}[/tex]
Percentage change in quantity demanded[tex]Qd[/tex] =0.18 =18%
Therefore, A 15 percent increase in the price will result to an 18% decrease in quantity demanded.
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Did anyone do business igcse paper 2 2020 may june?
Answer:what grade are you in maybe i can help you
Explanation:what’s the question.
All of the following are covered under the Securities Exchange Act of 1934 EXCEPT: A Registration of new issues B Stabilization of new issues C Registration of exchanges D Registration of broker/dealers
Answer:
A Registration of new issues
Explanation:
how a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship?
The commitment to a decision could assist the schooler leaver to adapt to the change of entrepreneurship by enabling them to remain focused.
What is entrepreneurship?Entrepreneurship refers to the ownership of a business. The entrepreneur is an innovative and insightful person who starts a business to enjoy the advantages accruing from entrepreneurship, including independence.
Thus, the entrepreneur, who wants to reap the profits after bearing some risks, needs to remain focused.
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When company managers formulate strategy decisions resulting from their internal analysis, they are primarily making decisions about how to Group of answer choices obtain and allocate critical and scarce resources. reduce costs in their industry. minimize foreign corporate income taxes. grow their company at any cost.
When the managers of a company formulate strategy decisions, they are primarily making decisions about A. how to obtain and allocate critical and scarce resources.
What is internal analysis?It should be noted that internal analysis simply means the examination of the internal components of a company such as resources, processes, etc.
In a situation where company managers formulate strategy decisions resulting from their internal analysis, they are primarily making decisions about how to obtain and allocate critical and scarce resources.
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A ______ is a relatively rare market situation in which average total cost is minimized when only one firm produces the good.
Answer: A natural monopoly is the answer.
Hope this helps!
Operational decisions are considered to be structured decisions. True false.
Answer:
True
Explanation:
Because they are not just decisions that are just taken easily
To define the ____ of the project accurately, it is very important to ensure consistency between the project charter, scope statement, WBS, Gantt chart, and related documents.
Answer:
scope
Explanation:
Using the same brand name for different products is an application of which concept from behavioral learning theory?.
Using the same brand name for different products is an application of behavioral learning theory known as stimulus generalization.
What is Stimulus generalization?This is defined as the ability to behave in a new situation which has been learned in other similar situations.
The use of the same brand name for a different product depicts the concept of the theory which is referred to as stimulus generalization.
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Claton Industries has revenues of $128,000 for 2020. Their operating expenses are $80,000, and the income tax is $12,000. What is the net income for this company
Based on the information given the net income for this company is $36,000.
Net incomeUsing this formula
Net income=Revenues-Expenses
Where:
Revenues=$128,000
Expenses=$80,000+$12,000=$92,000
Let plug in the formula
Net income=$128,000-$92,000
Net income=$36,000
Inconclusion the net income for this company is $36,000.
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Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld? federal tax of $92 Social Security tax that is 6. 2% of his gross pay Medicare tax that is 1. 45% of his gross pay state tax that is 22% of his federal tax a. $82. 66 b. $129. 13 c. $164. 01 d. $174. 66 Please select the best answer from the choices provided A B C D.
Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.
What is gross pay?The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.
The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.
The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.
Therefore the amount by which the gross pay will be reduced is:
[tex]\begin{aligned} \rm Federal\: tax &= \$92\\\\\rm Social\: security\: tax (\$816\times 6.2\%) &= \$50.592\\\\\rm Medicare\:tax (\$816\times 1.45\%) &= \$11.832\\\\\rm \end[/tex]
The state tax is calculated as a percentage of federal tax. The state tax is:
[tex]\rm State \:tax (\$92\times 22\%) &= \$20.24\\[/tex]
Therefore the total amount of reduction is:
[tex]\rm Total\:amount\:of\:reduction = \$92 + \$\$50.592 + \$11.832 +\$20.24\\\\\rm Total\:amount\:of\:reduction = \$174.664[/tex]
Hence, the correct option is d.
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________ models software in terms similar to those that people use to describe real-world objects.
(a) Method-oriented programming
(b) Object-oriented design
(c) Procedural programming
(d) None of the above
There are seven main instruments used in trade policy with __________ being the oldest and the simplest. Group of answer choices local content requirements
There are seven main instruments used in trade policy with local content requirements being the oldest and the simplest.
What is Trade policy?Trade policy is used by government in terms of trade. It is known known to be one that uses seven main instruments They are:
TariffsSubsidies Import quotasLocal content requirements and others.Tariffs are known to be the oldest and simplest tool of trade policy.
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Annika is the manager of an auto parts manufacturing facility in a developing country. This facility does not meet the acceptable standards of the manufacturing facility based in her home nation. She knows that demanding a better facility will raise the cost of the auto parts that are mainly exported to other less-developed countries. However, she also realizes that by not demanding a better facility, the employees who work there are prone to serious health issues. This scenario represents
The scenarios represent the case of Business ethics and dilemmas
What is Business ethics?Business ethics refers to the standards and values of an organization. It defines what is morally right from what is wrong in business.
According to Annika, she is in between doing what is right or what is wrong. dilemmas
She must make decisions that will put her workers in serious health issues and at the same time, she must ensure the facility meets the acceptable standard laid down.
Therefore we can conclude that the scenarios represent the case of Business ethics and dilemmas
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Challenges faced by companies working with younger workers include creating stimulating work environments, offering reasonable work schedules, designing projects based on team work, and providing opportunities for ______.
The challenges faced by companies working with younger workers include providing opportunities for positive feedback.
What is positive feedback?This is the skill that is used in business to help motivate workers, boost people's confidence and also show that you value their input.
Positive feedback is very important in organizations given that it helps workers to be at their best.
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Maxwell Corporation had a net income of $40,000, interest of $4,000, depreciation of $5,000, additions to net working capital of $6,000, and capital expenditures of $20,000. Maxwell Corporation's free cash flow amounts to ______.
Maxwell Corporation's free cash flow amounts to $23,000.
Free cash flowFirst step is to calculate cash flow from operations
Cash flow from operations = Net income + Interest + Deprecation - Additions to net working capital
Cash flow from operations=$40,000 + $4,000 + $5,000 - $6,000
Cash flow from operations= $43,000
Second step is to calculate free cash flow
Free cash flow=Cash flow from operations -Capital expenditures
Free cash flow=$43,000 - $20,000
Free cash flow= $23,000
Inconclusion Maxwell Corporation's free cash flow amounts to $23,000.
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In the context of Henri Fayol's 14 principles of management, __________ refers to making expectations clear and punishing violations.
In the context of Henri Fayol's 14 principles of management, Discipline refers to making expectations clear and punishing violations.
What is Discipline in this context?In the context of Henri Fayol's 14 principles of management, Discipline is known as when one make expectations clear and punish violations.
Holding the idea that discipline is regarded as the respect for agreements which are aimed as getting obedience, application, etc. Fayol states that discipline needs good superiors at all kinds of levels, clear and fair agreements, and good application of any kind of penalties.
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If income rises by 20% and the quantity demanded of an item rises by 10%, the income elasticity of demand for this item is:
The income elasticity of demand for this item is the income elasticity is 0.4 and the good is a normal good.
What is Income Elasticity Of Demand?Note that for good or service that has a unique Income Elasticity Of Demand, is said to change in course of time.
The Income Elasticity Of Demand is known to be to how sensitive the quantity demanded for a said good is due to the changes in income levels.
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________ at IKEA include cost-consciousness, constant desire for renewal, and accepting and delegating responsibility.
Ikea has core business values such as consciousness, constant desire for renewal, and accepting and delegating responsibility.
What are the core values in a company?The fundamental values of a company are the purposes that guide the attitudes of all members of the company. Additionally, these values are related to the common objectives, mission and vision of a company.
In the case of Ikea, it is a company that emerged in Sweden that has led the market for the sale of furniture and other household items that has stood out for its business values.
Among the most outstanding values of Ikea are:
TogethernessCaring for people and planetCost-consciousnessSimplicityRenew and improveDifferent with a meaningGive and take responsibilityLead by exampleNote: This question is incomplete because the options are missing. Here are the options:
A. Core values.
B. Missions.
C. Strategies.
D. Competencies.
E. Competitive Advantages.
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Your boss has tasked you with writing a company story that will help make them stand out from their competitors. Keeping this in mind, what’s the most effective question you should start with?
Keeping the above in mind, the most effective question you should start with is that Why are you doing what you are doing?.
Why ask the above question?The question above is said to be the most effective question to start in this scenario because As a company, one should first state what one is trying to do.
If you are a firm selling bats to people then the question that comes is why are you doing it.
See options below
(A) What are you offering?
(B) How will this help your audience?
(C) Why are you doing what you are doing?
(D) None of the above
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The cost of the business process is the sum of the cost of the inputs and the ________.
Answer:
I believe the answer for your question is A, Cost of the activities. Hope this helped!
Fill in the blank: The goal of a commerce ad is to increase _____. engagement sales views lead generation
Answer:
Sales
Explanation:
Which of the following tips can hurt your cash flow?
A. Increase your sales.
B. Pay your bills early.
C. Keep a cash reserve.
D. Offer credit only to low risk borrowers
Answer:
D. Offer credit only to low risk borrowers
why did Nike use sweatshops to produce their products ?
Answer:
Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. During the Nike attempted to lower costs after increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in East Asian countries. ... Nike has participated into this right.
Which type of software is copyrighted and provided at no cost, though the developer retains all rights to the program
The type of software that is copyrighted and provided at no cost, though the developer retains all rights to the program is: Freeware.
What is Freeware?Freeware is a type of software that fully belongs to the original owner but which allows others to use them without any additional cost to them.
Freeware can come in the form of antivirus software. Users can access the free versions of the software although premium plans might require payment.
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What is the least liquid current asset for a company?.
The description of potential customers in a target market is commonly called a: A. target picture. B. Simpkins matrix. C. demographic detailing. D. customer profile.
There are ways to get potential customers to your product. The description of potential customers in a target market is commonly called a customer profile.
What is a Customers profile?Customer profiles is known to be the records about people or customers, and they are often used as a guide for knowing whom to target with a particular products.
The records includes details such as age, gender, spending patterns, etc. There is an Up-to-date and accurate customer profile information that is needed to have a successful marketing.
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You will need to revise your budget to account for a car payment. Which expense category would be the most difficult to change or reduce? entertainment rent savings groceries.
The expense category that would be most difficult to change or reduce in a budget is the rent.
What is the budget?A budget is a statement that shows the estimates regarding the income and expenditure of an individual or business for a specific period. A budget helps to allocate the resources between necessities and wants.
The expense that will be most difficult to revise is the rent expense. Rent is the fixed charge incurred for using a property. If one needs to revise our rent expense, we need to shift to a property with lower rent.
The entertainment, savings, and groceries can be easily revised by lowering down the expenses on the same.
Therefore the correct option is b.
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Answer:
b) rent
Explanation:
jus did assignment ed22
Kendra sells gourmet boxes of cookies. One box of cookies costs Kendra $6.75 to produce. She sells her boxes of cookies for $10. What is Kendra's return on investment (ROI)?
48%
30%
20%
58%
Based on the information given Kendra return on investment (ROI) is: 48%.
Return on investment (ROI)Using this formula
Return on investment (ROI)=Selling price-Cost of production/Selling price ×100
Where:
Selling price=$10
Cost of production=$6.75
Let plug in the formula
Return on investment (ROI)=10-6.75/6.75
Return on investment (ROI)=3.25/6.75×100
Return on investment (ROI)=48%
Inconclusion Kendra return on investment (ROI) is: 48%.
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he earliest known domesticated wheat, barley, and rice crops are thought to have originated in Asia about Group of answer choices 1.1 million years ago. 10 million years ago. 10,000 years ago. 100,000 years ago. 1,000 years ago.
Answer:
10,000 years ago
Explanation: The earliest known domesticated wheat, barley, and rice crops are thought to have originated in Asia about: 10,000 years ago.
PLEASE HELP ANSWER
What is a good way to include an example illustrating the point of a long section of text?
a) Reference
b) Footnote
c) Endnote
d) Textbox