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MrRa [10]
2 years ago
8

Ghose and Han​ (2014) found that the elasticity of demand for Google Play apps is negative 3.7. This elasticity applies to a sma

ll college town where approximately​ 1,000 apps per month are sold. If price rises by 10​%: 1) What would be the effect on quantity​ demanded? The quantity demanded will decrease decrease increase by 37 percent.(Enter your response rounded to one decimal​ place.) 2) Would revenue rise or​ fall? Revenue would fall remain unchanged rise fall . 3) What is the percentage change in​ revenue? The change in revenue is 43.30 percent.(Enter your response rounded to two decimal​ places.)
Business
1 answer:
scZoUnD [109]2 years ago
5 0

Answer:

1) The demand will decrease by 37% as a result of a 10% increase in price:

0.10 x -3.7 = -0.37 a ngevative impact in the maginitude of 37%

2) Revneue will fall

3) The decrease in revenues will be for 30.7%

Explanation:

<u>Revenues Price x Quantity</u>

P (1 + 0.1) Q (1 - 0.37) = (1.1)(0.63) = 0.693

we apply to the price the 10% increase

and we apply to the demand the 37% decrease in quantity

The revenue will fall to 0.693 = 69.3%

100 - 69.3 = 30.7%

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Copper and nickel electroless plating processes are under consideration for printed circuit boards. The copper process has fixed
aleksley [76]

Answer:

see explanation

Explanation:

The question has missing sales price information, however explanations are provided below

Break even point is the level at which a company makes neither a profit nor a loss.

Break even point (units) = Fixed Costs ÷ Contribution per unit

Step 1 :

Find Contribution per unit of each process and add the unit contributions to find the total unit contribution

Contribution = Sales - Variable Costs

Step 2

Find the Total Fixed Costs for both the  copper process and nickel process.

Step 3

Determine the sales mix for copper process and nickel process

Step 4

Calculate the Break even units for the 2 processes combined. After that multiply the respective mixes to the break even point

7 0
1 year ago
You are a landlord for an office building. You just received a claim letter from a tenant asking for a refund of $2,000 for extr
Tanya [424]

Answer:

See the explanation below.

Explanation:

The Accounting Officer,

ABC Co.,

12, Ogbere Road,

Ibadan, Nigeria.                                                                            

                                                                                                   28 July 2019

Dear Mr. James,

Re: Refund of $2,000 Excess Receipt and Rent Adjustment

Kindly take this as response to your request for a refund of $2,00 for extra rent that was paid in June.

After a careful examination of my bank statement, I discovered that my account was credited twice with the sum of $2,000 for the rent due to a bank error.

The adjustment is hereby made as follow:

<u>Details                                                $  </u>

Amount received                           4,000

Refund of excess payment        <u>  (2,000)  </u>

Actual rent paid                           <u> 2,000   </u>

Kindly find enclosed in this letter an amount of $2,000 as the refund of the excess payment.

I look forward to receiving your response and acknowledgment of the receipt of the refund.

Yours sincerely,

Amcool.

4 0
2 years ago
Armstrong Corporation manufactures bicycle parts. The company currently has a $19,800 inventory of parts that have become obsole
FinnZ [79.3K]

Answer:

If sold without Modification, Armstrong Corporation will incur a loss of $12,500.

If the Corporation modifies the Stock and then Sell it, its loss will be $9,200.

Explanation:

<u>Workings</u>

Without Modification:

Selling Price                   = 7,300

Less: Cost of Inventory = 19,800

Loss                                = $12,500.

Modification:

Selling Price                   = 20,900

Less: Cost of Inventory = 19,800

        Modification Cost = 10,300

Loss                                = $9,200.

If you have any queries, feel free to ask. Thanks!

4 0
2 years ago
The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambu
babunello [35]

Answer:

Explanation:

A) using 2-year moving average :

Year 6 : (3800 + 3700) = 7500 / 2 = 3750

2) Mean absolute deviation based on the forecast above :

(3000 + 4000) = 7000/2 = 3500

(4000 + 3400) = 7400/2 = 3700

(3400 + 3800) = 7200/2 = 3600

3000

4000

3400 __3500__100

3800__3700__100

3700__3600__100

Mean absolute deviation = (100 + 100 + 100) /3 = 300/3 = 100

C) weight of 0.4 and 0.6

(0.4*3000 + 0.6*4000) = 3600

(0.4*4000 + 0.6*3400) = 3640

(0.4*3400 + 0.6*3800) = 3640

3000

4000

3400 __3600__200

3800__3640__160

3700__3640__60

(200 + 160 + 60) = 420 / 3 = 140

5 0
2 years ago
Why is it considered bad manners to leave the Subject field blank?
Bogdan [553]

It is noted as so due to the fact the reader would like to know the reasoning behind the message. Following that the bots used to monitor emails for scams, spam, or viruses typically send off empty subjects as a spam.

3 0
2 years ago
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