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2 years ago

Which of the following statements is correct?

Business

1 answer:

Kay [80]2 years ago

4 0

Answer:

The correct answer is letter "C": The demand for bourbon whiskey is more elastic than the demand for alcoholic beverages in general.

Explanation:

Elasticity is a measure of the response of variables to a shift in a certain variable. It can explain to what degree the supply or demand for a product or service shifts with the price of the goods or the income of customers. Basic staples such as milk or gasoline tend to be low in elasticity. This is because to change the quantity demanded involves a meaningful change in price or customer income. It's said that luxury goods like high-end vehicles and electronics have high elasticity.

Thus, bourbon whiskey is considered as a luxury beverage compared to other alcoholic drinks. Thus bourbon whiskey is more elastic.

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Service Revenue for the year = $80,000. Of this amount, $70,000 is collected during the year and $10,000 is expected to be colle

galina1969 [7]

Answer:

Net Cash Inflow from Operating Activities = $16,000

Explanation:

In the given information, it is not provided that cash is paid or not for Supplies, thus, assumed it was paid at the time of acquisition, and not in the current period when it is only charge to expense.

In that case, Cash generated from operating activities using direct method, shall be:

Cash flow from Operating Activities

Cash revenue collected = $70,000

Cash collected in advance = $2,000

Total cash inflow = $72,000

Cash paid for salaries = - $35,000

Cash paid for advertising expense = - $10,000

Cash paid for utilities = - $11,000

Total Cash outflow = - $56,000

Net Cash Inflow from Operating Activities = $16,000

6 0

2 years ago

You are an industry analyst for the telecom sector. You are analyzing financial reports from two companies: tt & t Inc. and

Novay_Z [31]

B is carret because I try and solve this

3 0

2 years ago

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition.

Art [367]

Answer:

strength

Explanation:

When you are performing a SWOT analysis, you must analyze both internal and external factors. Internal factors include strengths and weaknesses, while external factors include opportunities and threats:

strengths: analyses what does your company do well and distinguish it from the competition.
weaknesses: analyses what are your company's weak spots and what does your competition do better than you.
opportunities: new situations that can favor your company.
threats: situations that can negatively affect your company.

6 0

2 years ago

Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslo

ioda

Answer:

Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslow hierarchy of needs?

Esteem level.

Explanation:

Maslow hierarchy of needs is a theory in psychology that comprises five levels of needs that are represented in a pyramid. The needs that are lower in the pyramid are fundamental needs that have to be satisfied before the needs in the higher levels can be satisfied. The needs lower down in the pyramid are mostly physical needs like food, shelter and finances while the needs higher up in the pyramid tend to focus more in improving the quality of life of a person. They include things like; safety, love, physiological needs and self actualization.

The needs in a five-stage model can be categorized into two groups; deficiency needs and growth needs. The first four levels from the bottom can be referred to as deficiency needs while the top most level is defined as a growth need. Deficiency needs are needs that arise due to deprivation while growth needs don't come from a lack of something but a strong desire to become better. The five categories of needs are; physiological, safety, love and belonging, esteem and self actualization.

In our case, someone carrying a high-end credit card is someone who does that out of prestige and thus is most likely in the esteem level in the Maslow hierarchy.

5 0

2 years ago

For the past year, Momsen, Ltd., had sales of $46,967, interest expense of $4,088, cost of goods sold of $17,184, selling and ad

Tatiana [17]

Answer:

The Net Income is $4416.1

Explanation:

The net income is calculated as follows,

Sales $46967

Less:Cost of sales (17184)

Gross Profit 29783

Less:Expenses

Selling & Admin exp (12051)

Depreciation exp (6850)

Interest exp (4088)

Net income before ta 6794

tax expense (2377.9)

Net Income 4416.1

4 0

2 years ago