Answer:830
Explanation:
simply follow the demand fomula and plug variables into desired location.
If the firm lowers the price of product x by 1%, the change in the total revenues will be $-34520
What is price elasticity of demand?The degree to which a commodity's quantity desired is responsive to a change in its own price is known as own price elasticity of demand. For commodity x, this is stated as -1.5 in the question.
The level of responsiveness of the quantity required of the first commodity to a change in the price of the second commodity is known as the cross-price price elasticity of demand between any two commodities. This is specified in the question as -0.8 for the range of commodities x and y.
As per the given data, calculation is as follow:
ΔTR = [(rx * (1 + ex)) + (ry * cexy)] * Δpx ..................... (1)
ΔTR = Change in the total revenues = ?
rx = revenues from x = $70,000
ex = own price elasticity of demand for x is = -1.5
ry = revenues from y = $60,000
cexy = cross price elasticity of demand between x and y = -0.8
Δp = Change in the price of product x = -1%
Substituting the values into equation (1):
ΔTR = [( 70,000 * (1 + (-1.5 ))) + (60,000 * (-0.8)] * (-1%)
ΔTR = (70000 * -0.5) + (60,000 * -0.8) * -0.01
ΔTR = -35,000 + (-48000)*-0.01
ΔTR = -35000+480
ΔTR = -34520
Therefore, if the firm lowers the price of product x by 1%, the change in the total revenues will be $-34520
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3. In which type of economy would both private businesses and the government influence the factors of production, and why? (1 point)
territor
The type of economy in which both private businesses and the government influence the factors of production is:
Mixed economy. The reason is to allow government maintain a level of controlWhat is a Mixed Economy?This is a type of economic system which allows both private businesses and also the government to have an influence in the factors of production so that the government can regulate things.
With this in mind, we can see that mixed economies are useful because it does not give the government total control but allows private businesses to influence the market
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Which is NOT an expense account?
Answer:
Interest is found in the income statement, but can also is the most common non-operating expense
Example
Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.In Mali, the provinces were monitored by ________________.
a.
the king’s sons
c.
local rulers
b.
generals
d.
all of the above
Please select the best answer from the choices provided
A
B
C
D
Answer:
B
Explanation:
Answer:
The Answer is B. Generals
Explanation:
On December 1, 2021, Wolverine receives $3,600 cash from a company that is renting office space from Wolverine. The payment, representing rent for December and January, is credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year-end of December 31.
Answer: The adjusting entry is as follows:
Debit Deferred Revenue $1800
Credit Rent Revenue $1800
Explanation: In this scenario, it says that $3600 cash has been received for Dec and Jan. As of yet, the company has not yet earned the revenue.
On Dec 31, the company would have earned the revenue. Thus, we would debit deferred revenue and credit rent revenue of $1800, since 1/2 if that amount has been earned.
Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.
Sarah is shopping at Sylvia’s thrift store, and notices that the inside of the store needs repainting. Sarah offers to paint the store for $400. Sylvia does not respond to Sarah’s offer. Later that day, Sarah returns to the store with painting supplies in hand and begins painting the store. When Sarah is finished, she demands payment of $400 from Sylvia. Will Sylvia have to pay Sarah for painting the store?
A. Yes, Sylvia will have to pay Sarah for painting the store because silence is always an acceptance of an offer.
B. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
C. No, Sylvia will not have to pay Sarah for painting the store because silence can never be an acceptance of an offer.
D. No, Sylvia will not have to pay Sarah for painting the store because Sarah did not verbally agree to the contract.
The weekly Kroger advertisement states that five-pound chubs of ground chuck are available for eighty-nine cents per pound. Arlene sees the advertisement; she realizes that ground chuck has not been priced this low in quite some time, so she hurries to the store to purchase some. Arlene loads seven chubs of ground chuck in her shopping cart. When she goes to the checkout to pay, however, the cashier informs Arlene that the price in the advertisement is a typo and that the correct price is $1.89 per pound. Arlene insists that the store must honor the price listed in the advertisement, because it is an offer that she has just accepted. The cashier calls the store manager for a decision. The store manager will likely explain to Arlene:
A. that the advertisement is a valid offer because it is in writing.
B. that the advertisement is a valid offer, and the store must honor the price in the advertisement.
C. that advertisements are not offers, but merely a request for offers.
D. that the advertisement is a valid offer because its terms are definite.
1. If Milo should try to sue Jess, the court will decide that
that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.2. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
3. The store manager is most likely to explain to Arlene here that the advertisement is a valid offer, and the store must honor the price in the advertisement.
What is a business contract?A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.
A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.
One has to fully understand the terms of a contract before they go ahead to sign documents.
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A recent Samsung Galaxy ad highlighted the advantages of its smartphone relative to Apple’s iPhone. What type of product advertisement is the Samsung ad?
Answer:
comparative
Explanation:
Find the partial derivative of f(x, y) =x2y+sin x+cos y
Answer:
(x²y + cos y + y sin x)
Hope it helps!#CarryOnLearningSuppose Charlie has made great progress in planning to improve the security program at the company. After many weeks of planning and careful implementation, a formal plan is ready for presentation to the Board of Directors. Gladys asks Charlie to prepare a written report and a presentation for Gladys to give to the Board. Gladys edits the presentation to make it seem that she prepared the work herself with Fred's assistance, but without any mention of Charlie's contributions. Is Gladys acting ethically
Due to the fact that Gladys has taken the presentation made without mentioning the contributors, she is not acting ethically.
What is ethics?
This is used to refer to the guidelines that seeks to guide the behavior of people. The ethics are used in organizations to modify behavior.
What is required of Gladys is to make sure that all the contributors to the work are well acknowledged for the input they made.
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I know I'm being annoying by asking questions but if you had a choice and your parents were close to death by falling of a mountain, who would you save your mom or your dad
Answer:
I would save the one who cares for you the most
Explanation:
because if a person you save and that's not nice or grateful the person who you left falling was the one who cared
Answer:
who i would save is both of my parent because they were there when i need them and when they needed me so i would save them because they brought me in this world for a reason and i think that i would die over my parents and be there with them even if they are about to be on death bed
Explanation:
Which strategy would help you save the most money?
Answer:
making a savings back acounnt or put half your money your saving into a piggy bank
Find the partial derivative of f(x, y) =x2y+sin x+cos y
Answer:
#CarryOnLearningHope it helps
How do IP rights differ between India and China? What distinctive competencies in IP exist for India and China?
IP rights differ between India and China through the following:
In China, it helps in the enforcement of copyright-related issues.In India, it helps prove ownership during criminal proceedings against infringers.What is IP rights?This is also known as intellectual property rights and is given to persons over the creations of their mind in a certain period of time.
In India and China, IP rights ensure that justice is served by punishment being meted out to the infringers.
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Bill wants to calculate the width of each interval by using the approximation formula. He first created a frequency distribution with 5 intervals. The minimum and maximum for the variable are -32.4 and 65.09 respectfully. Calculate the width of each interval for Bill.
A. 13.018
B. 6.480
C. 19.498
D. -19.498
Based on the maximum and minimum values, the width of each interval is C. 19.498.
What is the width of each interval?
This can be found by the formula:
= (Maximum value - Minimum value) / Number of intervals
Solving gives:
= (65.09 - (- 32.4)) / 5
= 97.49 / 5
= 19.498
In conclusion, option C is correct.
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agricultural businesses in Uganda
Answer:
Examples of agricultural businesses in Uganda are farming.
Explanation:
A farming company in Uganda is “One Orchid“
I hope this helps a bit! Have a great day!
Lilac~
Which concept combines revenue cycle management with clinical, coding, and health information management decision making?
a. PAC
b. OPU
c. IRC
d. RARC
Answer:
Which concept combines revenue cycle management with clinical, coding, and health information management decision making?
c. IRC
Answer:
IRC
Explanation:
What is an IPO and how does it work?
What is the S&P 500 and how does it work?
What is the NYSE and how does it work?
What is the Nasdaq and how does it work?
Answer:
1. An initial public offering (IPO) is when a private company becomes public by selling its shares on a stock exchange.
2. The S&P 500 is a stock market index that tracks the stocks of 500 large-cap U.S. companies.
3. The NYSE provides a location where its members can trade stock in listed companies.
4. The Nasdaq is the second-largest stock exchange in the world. It became the first electronic stock exchange in 1971.
Explanation:
THANKYOU (*.*)
A wise mechanical engineering graduate began saving money for early retirement by depositing $1400 per month into a fixed rate account that pays 6% per year compounded semiannually. If she started saving 1 month after she started working, what is the expected value of the account at the end of 30 years
The expected value of the investment based on the information is $1369649
What is an expected value?An expected value simply means the anticipated value for an investment in the future.
From the information given,
Interest, I = 6%/2 = 3%
Time, t = 30 × 2 = 60 semiannual period
Semiannual Deposit = 1400 × 6 = 8400.
FW of account = 8400 (F/A, 3%, 60)
= 1369649
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A 15-year bond is currently priced at $900 and pays a semi-annual coupon payment of 8%. The par value is $1,000. What is the yield to maturity
The yield to maturity of the bond given from the information will be 9.24%.
How to calculate the yield to maturityFrom the information given, the following can be deduced:
Current price = $900Coupon payment = 8%Semi annual payment = 1000 × 0.4 = 40Number of periods = 15 × 2 = 30The price at 5% will be:
= (40 × 15.37) + (1000 × 0.23)
= 846.27
Using 4%, the interpolation to calculate the value will be:
= 4 + [(1000 - 900)/(1000 - 846.27)] × 1
= 4.623%
Therefore, the yield to maturity will be:
= 4.623% × 2
= 9.24%
In conclusion, the yield to maturity is 9.24%.
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Gary and Lakesha were married on December 31 last year. They are now preparing their taxes for the April 15 deadline and are unsure of their filing status. Problem 4-46 Part-b (Static) b. Assume instead that Gary and Lakesha were married on January 1 of this year. What is their filing status for last year (neither has been married before and neither had any dependents last year)
a. Gary and Lakesha can either file as Married Filing Jointly or Married Filing Single.
b. Since Gary and Lakesha are married on January 1 of this year, they should file as Single.
What is a tax filing status?The tax filing status defines the taxpayer's status in a tax year. The tax filing status is used to determine the applicable rate of income tax.
The IRS rules recognize five filing statuses are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.
Thus, for a) Gary and Lakesha can file Married Filing Jointly or Married Filing Single but for b) Gary and Lakesha should file Single.
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The day sheet is a(n):
a. chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
b. abstract of all recent claims filed on each patient
c. electronic permanent record of all financial transactions between the patient and the practice
d. computer-generated list of procedures, services, and supples with charges for each
Answer:
chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
Explanation:
A day sheet is usually a document that stores all health care data's, payment details and all scheduled adjustments for whole dayOption A is correct
Answer:
[A] Chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
Explanation:
The manual daily accounts receivable journal is also known as the Day Sheet , and it is a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific date.
{RevyBreeze}
Financial planning involves building wealth in a short period of time
True
False
Answer:
I think its true, have an amazing day :D
Explanation:
Calculate the slope and elasticity of demand using the following information:
Price: $7.99
Quantity: 3 units
Price drops to $4.99
Quantity goes up to 8 units
Show your work to get full credit.
Based on the price and quantity changes, the following are correct:
Slope is -0.6.Elasticity of demand is -4.44.What is the slope of the above?Slope can be found as:
= Change in price / Change in quantity
= (4.99 - 7.99) / (8 - 3)
= -0.6
What is the elasticity of demand?This can be found as:
= Percentage change in quantity / percentage change in price
= ( (8 - 3) / 3) ÷ ( ( 4.99 - 7.99) / 7.99)
= -4.44
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During the gap analysis, the entrepreneur should be concerned with the hours of operation, the time you can dedicate to this new venture, and other commitments you have made. True False
The statement above about gap analysis is: True.
What is Gap Analysis?Gap Analysis is a measurement that an entrepreneur makes when he compares his present performance with that which he desires to achieve.
He evaluates the time money and resources spent on projects to know if they are fully optimized.
So, the statement above is right.
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Solve the following
Answer:
2x is equal to y is 15
Explanation:
therefore ox and oy is greater
The balanced scorecard was developed to help companies take a more ______________ and ______________ approach to measurement. Functional; Long-term Financial; Strategic Holistic; Functional Holistic; Strategic Short-term; Tactical
The balanced scorecard was developed to help companies take a more Short-term and Tactical approach to measurement.
Option B
Balance scorecard methodGenerally,Balance scorecard method is a tool use by groups to monitor there performance and the employee's performance with respect to the strategy The performance of the groups is scaled with aspects of the group in view
Therefore, The balanced scorecard was developed to help companies take a more Short-term and Tactical approach to measurement.
Option B
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What is the correct ICD-10-CM code for Obstructive hydrocephalus ?
Answer:
G91.1
Explanation:
It is a billable code.Simply it's too specific as there are unique ICD codes.It can be used for reimbursement process at any cause.