The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.
What is meant by the price of elasticity of demand?The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.
Given values:
Change in water consumption (fall): 10%
Price elasticity of demand: 25%
Computation of percentage change in the price of water:
[tex]\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%[/tex]
Therefore, there is an increase in water price by 40%.
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Your friend is developing a marketing plan for her new business. What should she put in this plan?
My friend's marketing plan should be:
Where she wants to sell her product.Description of the people in her target market.What is marketing plan?These are plans a business devise to sell or advertise its products. The purpose of the plan is to help identify the target market and how best to reach them.
Hence, she should put in these her plan; where she wants to sell her product and a description of the people in her target market.
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Milo Millworks Incorporated has maintained a sustainable competitive advantage for its framing style. In order to accomplish this, the framing style must be
In order to accomplish this, the framing style must be difficult to substitute for.
What is Competitive advantage?Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to increase their sales than that of their market competitors.
Based on the scenario in order for Milo Millworks to accomplish the competitive advantage for their framing style, the framing style must be difficult to substitute for.
Therefore the framing style must be difficult to substitute for.
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Logan's Roadhouse has become popular with a variety of people. It recently identified a primary customer segment in Millennials. To win over this demographic group, traditional media is less authentic in the perception of Millennials; therefore, Logan's Roadhouse does not use traditional media, and its marketing and promotion focus on maintaining a large online and social media presence. Here Logan's is likely to use _______.
If he does not use traditional media. Here Logan's is likely to use concentrated targeting.
What is concentrated targeting?Concentrated targeting can be defined as a marketing strategy in which a sales promotion or brand promotion is targeted, concentrated or focus at a specific audience.
Most companies business owner tend to make use of concentrated targeting so as to cost effectiveness.
Therefore Logan's is likely to use concentrated targeting.
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Which method for calculating a credit card balance does not take into
account the purchases made during the current billing cycle but does take
into account the payments made during the current billing cycle?
The method for calculating a credit card balance does not take into account the purchases made during the current billing cycle is known as the adjusted balance method.
What is a billing cycle?It should be noted that a billing cycle simply means the interval from the end of a billing period to another.
In this case, the method for calculating a credit card balance does not take into account the purchases made during the current billing cycle is known as the adjusted balance method.
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Answer:
previous balance method
Explanation:
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Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases. This confirms the .
Your task on constructing the supply and price of soda confirms the Law of Demand.
What does the law of demand state?The law of demand posits that for normal goods, the quantity demanded will decrease if the price increases. And vice versa.
This was why the quantity demanded for soda decreased as the prices increased.
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Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the second resource is 1.5 diners per hour. Demand for this process is 0.9 diners per hour.Instruction: Round your answer to three decimal places. What is the cycle time of this process (in minutes)
The cycle time of this process for the firm is 2.89.
What is a Cycle Time?This refers to the average time between the start of production of one unit and the start of production of the next unit of production
Cycle Time = Net time available to work / Customer demand
Cycle Time = 1.1 + 1.5 / 0.9
Cycle Time = 2.88888888889
Cycle Time = 2.89.
Therefore, the cycle time of this process for the firm is 2.89.
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The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blank______.
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.
What is a Motivation?This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.
Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.
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Why do promises make a difference in people ives
Answer:
It gives people hope and trust in that person. Promiss are a mere social construct however they add that bit of extra trust to the mix
From which organization can you request free information about your credit score?
the office of the comptroller
equifax
the federal insurance corporation
fico
The organization from which one can request free information about one's credit score is Equifax. Hence, option B. Equifax is correct. Read below on where to get free information on one's credit score.
Where can one get free information about one's credit score?One is provisioned to a free credit information every 12 months from each of the three major consumer reporting companies which are: Equifax, Experian and TransUnion. Hence, the answer (option B) chosen.
Therefore, the correct answer from above is option B. Equifax.
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Answer:
The correct answer is B. Equifax
Explanation:
In your lesson from FLVS, it states that the three recording agencies are: TransUnion, Equifax and Experian.
Equifax is in the answer choice and the other two are not, so Equifax is correct.
Labor costs charged to manufacturing overhead represent ______ labor costs.
The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.
What are the types of overheads?
Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.
Business overheads may be divided into two categories:
administrative and manufacturing.Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost
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A bank receives a demand deposit of $10,000. The bank is now in a position to extend additional loans of $8,000. What is the legal reserve requirement
If the bank is now in a position to extend additional loans of $8,000. The legal reserve requirement is: 20 percent.
Legal reserve requirementUsing this formula
Legal reserve requirement=( Demand deposit -Additional loans/Demand deposit
Let plug in the formula
legal reserve requirement=($10,000-$8,000)/$10,000
Legal reserve requirement=$2,000/$10,000×100
legal reserve requirement=20%
Therefore the legal reserve requirement is: 20 percent.
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What is one of the main reasons why businesses need to keep accurate accounting records?.
Businesses need to keep accurate accounting records so as to know if they are acheiving their financial goals.
What are Accounting records?Accounting records can be regarded as those documentation that help to display the financial performance of a company.
Therefore, it is easy to keep track of ones goals financially with Accounting records.
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professionals who take onwership of their mistakes are said to have: A: a work ethic B: integrity C:dishonesty D:ingenuity
The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice question. higher prices for goods investment in new machinery increased technology better pay and working conditions
The goals of labor are such that they want better pay and working conditions.
The ultimate goal of workers/laborA business is in operation to make a profit, likewise, labor or workers work to the end of being paid for the services rendered.
In addition to good pay, labor also requires good perks like health cover, safe and secure work conditions, and the environment.
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Interview a business owner on this crisis experienced in the workplace
There are several crises experienced by employees during recent pandemic. So, in an interview with a business owner regarding the crisis experienced, one can ask about how can businesses deliver better outcomes in times of a crisis.
What is an interview?An interview is a meeting or a formal consultation at which information is obtained (as by a reporter, television commentator, or pollster) from a person.
It is a conversation in which you and an employer exchange information. The main features of the interview are conducted in the form of conversation, which is shaped by certain guidelines and questions between the researcher and the respondent. It is used in surveys and participant observation methods.
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PLEASE HELP ME!! please, please,, please explain how you got it, thank you
Answer:
I think the second one.
1/10 cookies per pizza
When starting a small business, government agencies such as the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency are possible sources of: Multiple select question. customers information interest free loans capital
The government agencies like SBA and farmers' home administration are possible sources of capital. Thus the correct answer is D.
What is capital?Capital refers to the total amount of capital assets required to generate goods or services in a business. This amount can be used to start a business, manage daily operations of the business, or grow and extend it.
These institutions the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency help to provide small businesses with financial assistance in terms of capital and loans and provide training to manage things in the business.
Therefore, option D capital is the correct answer.
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Based on this scenario,Do you want to change any of your business strategy.
Answer:
Yes , You can change your location.
Question 8 of 10
What is the best strategy when considering a financial aid package?
A. Consider grants as a last resort.
B. Attend the most expensive school, regardless of aid.
C. Settle on the school that is least costly, even if you don't really
want to attend.
D. Consider private loans as a last resort.
The best strategy when considering a financial aid package is to Consider grants as a last resort.
What is a financial aid package?
This is the aid that is provided to the people of the United States as an aid that would help them in their education.
The financial aid helps to take care of the tuition of the students who have issues with finance.
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Answer:
D.
Explanation:
just took it
A dollar today is worth Blank______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more than less than
Answer:
A dollar tomorrow is worth less than a dollar today, because if you invest the dollar you have today, you'll have more than a dollar tomorrow.
Choose those characteristics that best describe a command system. Multiple select question. The division of output between capital and consumer goods is decided by market forces. A central planning board makes all economic decisions concerning resources. The government owns most property resources. Firms produce according to the demands of consumers.
A central planning board makes all economic decisions concerning resources and. The government owns most property, resources are the characteristics that best describe a command system.
What is command system?Command system is the economic system where government has a special and major role. That detects the economic with the real world problem like the coordination problem, moral problem, hazardous problem and others.
Thus, option B and C are correct.
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Is allowance for doubtful accounts a debit or credit.
Answer:
credit
Explanation:
because the allowance for doubtful accounts is a contra asset account
4. if you have two children, ages 2 and 4, how much should you record in step 3 of the form? (3 points)
Based on the information provided, you should record two (2) dependents in Step 3 of the W-4 form.
What is a W-4 form?A W-4 form simply refers to an internal revenue service (IRS) tax form which is used in the United States of America, so as to indicate the correct federal income tax that should be withheld from an employee's paycheck.
In Step 3 of the W-4 form, an employee is expected to indicate whether or not he or she has dependents. Thus, an employee would write (record) the number of dependents he or she has in Step 3 of the W-4 form.
In this scenario, we can logically conclude that you should record two (2) dependents in Step 3 of the W-4 form because you've two (2) children, aged 2 and 4.
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Which of the following types of business is most likely to use the subscription
business model?
A. Clothing companies.
B. Newspapers.
C. Furniture sellers.
D. Retail stores.
Answer:
B. newspapers
Explanation:
For adequate management of Newspaper sales and to avoid overproduction and underproduction, newspaper producers often use subscription methods to make sales. The subscription methods ensure the inflow of cash and customers getting their newspapers as at when due.
Newspapers of the following types of businesses are most likely to use the subscription business model. The correct option is B.
Industries that offer clients ongoing services or information frequently adopt the subscription business model. Newspapers in this instance offer subscribers consistent and ongoing material updates.
The newspaper's articles and news stories are only accessible to subscribers who pay a regular charge. Other content-based sectors, like publications, streaming services, and internet platforms that frequently provide access to unique content, all adopt this approach.
Thus, the ideal selection is option B.
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If a client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend _________ annuity.
When client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend variable annuity.
What is a variable annuity?It should be noted that a variable annuity simply means a contract between an individual and an insurance company where the insurer makes periodic payments.
In this case, when client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend variable annuity.
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Match each online banking security practice with the PCI security requirement that mandates it.
vulnerability management program
credit card data protection
strong access controls
secure network
encrypting transfer of card data
installing a firewall
installing antivirus software
assigning unique IDs and user names
The correct matches are as follows:- encrypting transfer of card data ⇒ strong access controls, credit card data protection⇒ installing a firewall, installing antivirus software⇒ vulnerability management program, Assigning unique IDs and user names⇒ secure network.
What do you mean by the PCI security?PCI stands for the Payment Card Industry security that deals with the credit card from the major credit card schemes.
PCI DSS refers to the Payment Card Industry Data Security Standard, that sets the standards for all those companies, which are dealing with the credit card information.
PCI DSS ensures the safe environment to maintain the security for the stores, process and transmit the data for the credit card.
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Answer:
Plato Gang Rise :)
Explanation:
100 Points! Please responde ASAP!!!
How did Marcus Samuelsson’s race and background impact him (in positive and negative ways) during his career?
Why did Samuelsson immediately appreciate New York City?
What bold decision did Samuelsson make regarding the menu for President Obama’s first state dinner?
In what ways did Samuelsson analyze how to best open his new restaurant, the Red Rooster, and how did this help the area?
Answer:
Who is Marcus Samuelsson’s anyways?
Assume that Widgets, Inc. uses a perpetual specific identification inventory system. During the period, it sold 4 units from beginning inventory, 8 units from the Jan. 5 purchase, and 2 units from the Jan. 29 purchases. Calculate the dollar value of its cost of goods sold for the period.
Based on the inventory system being used and the sales and purchases during the period, the dollar value of the cost of goods sold is $204.
What is the dollar value of the cost of goods sold?The cost of goods sold is:
= Beginning inventory + Purchase on Jan.5 + Purchase on Jan 29
Solving gives:
= (4 x 12 per unit) + (8 x 15 per unit) + (2 x 18 per unit)
= 48 + 120 + 36
= $204
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Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing:
Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase
What is opportunity cost?Opportunity Cost of a product is the amount of money or benefits that is lost when a particular products is not used again.
The product is left for another alternative that is better.
Therefore, Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase
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Putting criticisms or complaints on a professional e-mail will make a person look like a _______ and someone an employer would not like to hire.
Answer:
Putting criticisms or complaints on a professional e-mail will make a person look like a troublemaker and someone an employer would not like to hire.