Answer:
True
Explanation:
Freeze Ice Cream Shop sells its specialty shakes for $3.50 each. In the summer months, the shop typically sells 200 shakes a day. The shop's owner thinks if he reduces the price to $3 he will increase sales significantly. However, when he reduced the price, he only sold about 15 more shakes per day. This represents demand that is :___________
As a result of the demand increasing only slightly compared to the reduction in price, the demand must be inelastic.
Why is the demand inelastic?The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
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100 PTs explain how teachers can foster success in their classrooms by providing assessments that encourage personal motivation and are engaging. Give at least one example to support your claim. thx
Teachers can encourage personal motivation through assessments giving an appropriate amount of time to study, explaining everything that will be covered on the assessment, and being overall encouraging. When a teacher makes sure all of their students understand what is being covered on the assessment, they are reassured and confident in their ability to succeed. When a test is given to a class where very few of the people understand what they are doing, morale and motivation will be very low.
If a company were to draw from the ideas proposed in the various theories of international trade, from a profit perspective, how would it go about selecting locations for its businesses?
The business locations regarding the International trade can be selected based on the productive activities to the countries where they can be performed efficiently.
What is international trade?It should be noted that an international trade simply means the trade between two or more countries.
In this case, it can be deduced that the business locations regarding the international trade van be selected based on the productive activities to the countries where they can be performed efficiently.
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i think apples are woman and pears are dudes. is that true?
The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonplace small small natural
Answer:
Theoretical
Explanation:
Perfect competition is a theoretical market structure due to the assumptions required for it to exist: perfect information for consumers and producers, as well as the theoretical maximum number of firms in a market which is a number that never empirically exists.
how can a reduction in taxation be used to influence aggregate demand
Answer:
shifting the aggregate demand curve to the right.
Explanation:
Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using a periodic specific identification, its Inventory after the December 24 sale is
Using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is $2,250.
What is the specific identification method?The specific identification method is an inventory method that identifies specific inventories sold and uses their specific costs in valuing the cost of goods sold.
Data and Calculations:Date Units Unit Cost Total Balance
June 1 1 $500 $500 $500
July 9 2 $550 $1,100 $1,600
Sept. 23 2 $600 $1,200 $2,800
Dec. 24 -1 $550 $550 $2,250
Thus, using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is $2,250.
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Sample T-Shirt Company, INC. needs help with their profit loss statement for their fourth quarter which lasts between October 1st and December 31st. They have sold 14,320 t-shirts this quarter at $20 a shirt. These shirts cost $3 to make. Of all of the shirt orders, 80 percent are shipped to customers. The company offers free shipping, so they must pay an average of $4 in postage per shirt shipped. The company has three employees who each make $80,000 a year. The company has general liability insurance which costs $600 a year, with equal payments every month. The company rents out a small production space for $600 a month. Each month the company pays $300 for web advertising, $200 for print advertising and $500 for television advertising. The company pays 15 percent of their profit in taxes.
The preparation of the fourth quarter, October 1st to December 31st profit and loss statement for T-Shirt Company, INC., is as follows:
T-Shirt Company, INC.
Profit and Loss StatementFor the fourth quarter ended December 31
Sales revenue $286,400
Cost of goods sold (42,960)
Gross profit $243,440
Rental income 1,800
Total income $245,240
Expenses:
Freight-out $45,824
Salaries 60,000
Insurance Expense 150
Advertising expense 2,950 (108,924)
Income before taxes $136,316
Income tax rate (15%) 20,447
Net income $115,869
What is the profit and loss statement?The profit and loss statement also known as the income statement is a periodic financial statement that summarizes the revenues, costs, and expenses for the specified period.
The statement is used to determine the profit or loss during the stated period.
Data and Calculations:Number of shirts sold = 14,320
Selling price per t-shirt = $20
Sales revenue = $286,400 (14,320 x $20)
Product cost per t-shirt = $3
Cost of goods sold = $42,960 ($3 x 14,320)
Freight-out to customers = $45,824 ($4 x 14,320 x 80%)
Salaries Expense of employees for the quarter = $60,000 ($80,000 x 3 x 1/4)
General Liability Insurance Expense = $150 ($600/4)
Rental income for the quarter = $1,800 ($600 x 3)
Web = $900 ($300 x 3)
Print = $400 ($200 x 3)
Television = $1,500 ($500 x 3)
Advertising expense = $2,950
Income tax rate = 15%
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Electric power production and distribution is an industry that is dominated by natural monopolies. Companies are given a monopoly to operate in an area by local, county, or state government, and in return, they have a legal obligation to provide electricity on demand to all customers in a geographic area. As a result, state and federal agencies extensively regulate utility companies to ensure customers and businesses are treated fairly. At the state level, an elected or appointed commission sets the rate of use for consumers, based upon the request of the providers. By law, these rates must allow the utility company to recover its cost of service, as well as to make a profit on their investment. Which form of government regulation does this passage primarily describe? taking over a company to operate it placing price limitations on a producer requiring public ownership of an industry insisting on approval over decision making.
Answer:
placing price limitations on a producer
Explanation:
"these rates must allow the utility company to recover its cost of service"
A standard electricity supplier is the main integrated owner of production, transmission, and distribution. These are included under natural monopolies.
What are natural monopolies?One top line reduces both the high cost and the loss of electricity inputs per unit of carrying capacity, transmission and distribution are the only natural monopolies.
The freshly generated energy is transmitted at high voltage and distributed to residential and commercial users at low voltage. Two aspects of electrical power make resources different from many other industries.
First, both high voltage transmission and low-voltage distribution are most economically done in a single line or single line network.
Second, because electricity cannot be stored cheaply, it should be produced as soon as it is needed. Failure to adjust production to demand may result in blurring or darkening of a large area.
In view of these factors, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission and distribution.
It holds the administrative mandate given to the government as a legal compensation as a public service to serve all customers in the area.
It (or a few resources) is responsible for the operation of the control area, where it must maintain integrity and deliver economic productivity.
Thus, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission, and distribution.
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Which ics functional area sets the incident objectives strategies and priorities.
Answer:
chicken blender soup Linda soup
Explanation:
this is when a father goes to a mother and mother father seemed to the place that they went to when they went to that place
Privately owned media companies in the united states earn most of their revenue from:.
Answer:
advertising
Explanation: Mark me brainliest!!
Media companies are the group that enabled broadcasting for knowledge, entertainment, and another purpose. The major source of revenue for media companies is advertisements.
What is revenue?The revenue can be described as the actual amount earned by a business by performing its regular business operations. It can be in the form of fixed income or fluctuating income.
The media companies invested in the gathering of the information and the processing for the development of the broadcasting content.
The major revenue source gained by the private media companies was developed from advertising.
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Elena is a sales manager who encourages her employees through motivation to be committed to and a part of the shared vision of the organization. Elena is demonstrating which factor of transformational leadership
The factor of transformational leadership that Elena is demonstrating here is the inspirational motivation.
What is transformational leadership?This is the leadership approach that is used to effect changes in the life of people and also the society in general.
This is the form of leadership that Elena is said to engage in by motivating the workers to be a part of the vision of the business.
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1 of 10
Data collection, database management, and data visualization are the
steps a research analyst takes before starting their research
steps a data scientist takes before determining usable results
practices a data analyst must use to be credible
none of the above
Help me with this
Data collection, database management, and data visualization are the: C. practices a data analyst must use to be credible.
What is data?Data can be defined as a representation of instructions or factual information in a formalized manner, especially as a series of binary digits (bits).
Who is a data analyst?A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.
In conclusion, the three (3) main practices a data analyst must use in order to be credible include the following:
Data collectionDatabase managementData visualizationRead more on data here: brainly.com/question/25558534
According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.
The reduction of tariffs will provide greater market access to foreign products.
What is a tariff?It should be noted that a tariff simply means a tax that's on an imported good. This is vital to generate revenue for the government.
Reducing many of the tariffs that are still in existence will lead to greater market access to foreign products.
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A critical component for labeling a person’s behavior as abnormal is that the behavior must:.
The critical component is that : It must interfere with some aspect of the person's life.
What is behavior?Behavior refers to action or inaction of an individual to his or her environment. People react or behave differently to any given situation around them.
A behavior is said to be abnormal when it does not confirm to an expected standard in the society.
Hence, a critical component for labeling a person’s behavior as abnormal is that the behavior must is that It must interfere with some aspect of the person's life.
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Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR, Inc. and wrote the balance off. On October 21, Acel received a check for $400 from CTR. The entries to record the receipt of cash on October 21 would include a debit to:_____.
a. Accounts Receivable.
b. Accounts receivable is debited to reinstate"tbecac&unt.
c. Allowance for Doubtful Accounts.
d. Bad Debt Expense.
Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.
Which account will be debited?The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.
The Account Receivable account will then be credited to cash to account for the cash being received.
In conclusion, option B is correct.
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Herzberg studied the relationship between hygiene factors (e.g., company policies, pay, supervision, working conditions) and __________.
How long does a speeding ticket affect your insurance?.
Answer:
well I think it's about 5 years
explain six Differences between private and public company
•explain six Differences between private and public company.
Answer:
•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
Explanation:
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What can be a result of increased trade? slowing economic growth creating jobs increasing poverty none of the above.
Increased trade means that exportation prices have raised as import prices have either kept or declined. The effects of improved trade would be creating jobs in large numbers.
What are the advantages of advanced trade?It improves growth level through improved in the income level as well increase in the standard of living with extensive career or employment in the nation.
It diminishes poverty with better and more goods and services at more inferior prices that are expected to jobs for a considerable number of people.
The trade has the capacity to improve the productiveness level of the nation, proving the demand for better labor and the latest job opportunities.
Therefore, option B is correct.
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How do long-term goals differ from short-term goals?
Long-term goals require more money than short-term goals.
Long-term goals require more preparation than short-term goals.
Long-term goals are less attainable than short-term goals.
Long-term goals take longer to plan than short-term goals.
Answer:
2, long term goals require more preparation than short term goals.
Explanation:
You need to put a lot of thinking and preparation for long term goals.
Short-term goals can be accomplished with less planning than long-term ones. As a result, choice (2) is the right one.
What do you mean by short-term goals?Your immediate priority is to complete a short-term goal. You can affect significant change by setting short-term goals.
Anything you desire to do soon is a short-term objective. Today, this week, this month, or even this year can all be considered as being in the near future. Something you desire to do quickly is a short-term aim. A long-term aim is something that will require a significant amount of time to complete.
You can advance your career by setting both long-term and immediate objectives. You can think of immediate actions to take by setting short-term goals. You may manage your time better by setting short-term goals. While short-term goals may appear insignificant, achieving them can result in significant achievements in both your personal and professional life.
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A simplified version of reality that is used to clarify economic situations is called a(n):Question 1 options:a) current event.b) scarce resource.c) economic fact.d) model.
An economic model is a simplified version of reality that can be utilized to emphasize and make clarity about an economic situation.
What is an economic model?
An economic model is a simplified depiction of reality that is intended to generate testable hypotheses regarding the economic activity. Due to the fact that there are no objective indicators of economic results, a fundamental element of an economic model is that it is inevitably subjective in construction.
Economic models are classified into two types:
Theoretical models andEmpirical models.Theoretical models strive to infer verifiable conclusions about economic behavior based on the premise that individuals maximize specified objectives subject to well-defined model restrictions.
Empirical models, on the other hand, seek to validate theoretical models' qualitative predictions and transform them into accurate numerical outcomes.
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If the Federal Reserve contracts the money supply, then interest rates will _____, and GDP will _____.
Answer:
Interest rates will rise and GDP will fall
Explanation:
If the money supply falls, that makes money more valuable because there's less of it to go around. Interest rates will reflect this change in the value of money, with interest rates increasing because with money more valuable, there will be a greater opportunity cost to lending money. GDP, in turn, will fall, because money is one half of all economic transactions and so a decrease in the money supply necessarily decreases the number of economic transactions made.
Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________
a) $110.
b) $88.
c) $98.
d) $100
Answer:
I think A but ion kno thats prolly wrong-
Explanation:
The activities of the federal reserve board have the most direct influence on.
Answer:
The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.)
Saving for four years for a down payment on a house affects how soon you are able to purchase a home. This is an example of:
Answer: ✓ an intermediate goal that affects a long-term goal
Cash inflows and outflows relating to plant assets, natural resources, and intangibles are reported in which section of the statement of cash flows?.
Answer:
Investing Activities
Explanation:
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Which entity is placed in charge of determining whether a state discriminated against goods or people from another state
Answer:
Courts first determine whether a state regulation discriminates on its face against interstate commerce or whether it has the purpose or effect of discriminating against interstate commerce.
Explanation:
In the information technology world, which of the following are examples of ethical issues that a company may have to manage?
i. employees searching other employee's private information without consent
ii. employees copying and distributing company owned software
iii. employees intentionally creating or spreading viruses to confuse IT
iv. all of these
Given the rise of information and technology, examples of ethical issues that a company may have to deal with are:
employees searching other employees' private information without consentemployees copying and distributing company-owned softwareemployees intentionally creating or spreading viruses to confuse IT. (Option D)What are IT related Ethical Issues?Ethical issues are behaviors that are considered unacceptable in relation to how people behave in the organization and in relation to employees and customers alike.
Other examples of I.T. related ethical issues are:
Misinformation and Deep fakesHarmful ActionsPilfering of Trade Secrets.Learn more about I.T. related Ethical Issues at:
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As secretaries are often the first point of contact that people meet in a business, what type of skill do they need to develop in order to make a good first impression?
A. people skills
B. shared skills
C. technical skills
Answer:
a
Explanation: