answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
2 years ago
11

When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is

Business
1 answer:
just olya [345]2 years ago
8 0

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

You might be interested in
Given a need to raise capital of $2 million and attorney costs of $150,000, with an underwriter's spread of 3%, the amount of bo
ipn [44]

Answer:

The amount of bond issuance is $2,085,500

Explanation:

The computation of the amount of bond issuance is shown below:

= Raise capital + attorney cost - underwriter spread

= $2,000,000 + $150,000 - 3% of $2,150,000

= $2,150,000 - 3% of $2,150,000

= $2,150,000 - $64,500

= $2,085,500

Hence, the amount of bond issuance is $2,085,500

We simply applied the above formula so that the correct value could come

6 0
2 years ago
A stadium has two sponsorship deals. Deal A has revenue of $100,000 and expenses of $10,000. Deal B has revenue of $50,000 and e
vladimir2022 [97]

Profit can be found by subtracting revenue from expenses.

The profit for Deal A is $100,000 - $10,000 = $90,000

The average profit as a percentage of revenue for the stadium for Deal A is Average profit divided by revenue multiplied by 100. That is 90,000/100,000 x 100 is 90%

The profit for Deal B is $50,000 - $20,000 = $30,000

The average profit as a percentage of revenue for the stadium for Deal B is Average profit divided by revenue multiplied by 100. That is 30,000/50,000 x 100 is 60%

8 0
2 years ago
Read 2 more answers
If inventory increases under the retail method, which of the following is true: a. Under the Average Cost retail method, a new l
NeTakaya

Answer:

d. Under the LIFO retail method, a new layer would be added.

Explanation:

The retail method is used to estimate ending inventory/cost of goods sold and is  widely used for financial reporting purposes, especially for quarterly financial statements. Retail methods are usually used with the weighted average cost flow assumption, FIFO or LIFO.

Now when the inventory increases under the retail method, LIFO retail method is the best to use because it gives you the highest cost of goods sold and the lowest taxable income. LIFO layer refers to a tranche of cost in an inventory costing system that follows the last-in, first-out (LIFO) cost flow assumption. Therefore when inventory increases under the LIFO retail method, a new layer would be added.

3 0
2 years ago
Wade paid $7,000 for an automobile that needed substantial repairs. he worked nights and weekends to restore the car and spent $
Brrunno [24]
Yes, it would matter. If Wade was primarily concerned with the tax effect, he should give the car to his daughter and let her sell it. Conveniently, the limit on how much one can give without paying federal taxes on that gift (other than to charity), is $13,000. This means wade will pay no tax when he gifts the car to his daughter. If he sells it himself, he will need to pay tax on the gain he realizes on the sale of the car, since he will have made a profit on the sale.

His daughter, when she sells the car, will also have to recognize the gain on the sale of the vehicle. However, she is apparently in a much lower income bracket than Wade, and thus may pay even less tax on her 13,000 gain than Wade would have paid on his $3600 profit.
8 0
2 years ago
Peter is the vice president of accounting and finance. For the past year he has solely provided the resources necessary to get t
Wewaii [24]

Answer:

This project is failing <u>organizational</u> feasibility analysis.

Explanation:

Organizational feasibility analysis is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.

8 0
2 years ago
Other questions:
  • A change from an inefficient mix to an efficient mix of output would best be represented with a production possibilities frontie
    15·1 answer
  • A firm has sales of $215,600, costs of $124,800, interest paid of $3,600, and depreciation of $11,400. the tax rate is 34 percen
    14·1 answer
  • An analyst needs to adjust the nominal GDP for the years 2000 and 2010 into real terms to conclude his comparison analysis. The
    6·1 answer
  • Mountain Breeze supplies air filters to the retail market and hires workers to assemble the components. An air filter sells for
    10·1 answer
  • Steve's basis in his SAW Partnership interest is $200,000 at the beginning of the tax year, including all adjustments. His alloc
    6·2 answers
  • A company reported net income of $200,000 during 2019. The company reported depreciation expense of $35,000, patent amortization
    15·1 answer
  • Duke’s Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value o
    9·1 answer
  • You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your
    5·1 answer
  • Army officers use the expression "not in my lane", which derives from the basic marksmanship function of establishing firing lan
    6·2 answers
  • andy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold 450 65
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!