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
SCORPION-xisa [38]
2 years ago
7

Two goods, wool socks and shaved ice, have a cross price elasticity of demand equal to 0.4. Given this information, what can you

tell about the nature of the relationship between these two goods?
Business
1 answer:
zhannawk [14.2K]2 years ago
8 0

0.4 cross price elasticity of demand means that there is direct effect of change of price of wool socks on the demand of shaved ice but they are not very closely related to each other.

<u>Explanation:</u>

Cross Price elasticity of demand is the concept in Economics which focuses on the effect of change of price of one good leading to the change of the demand of the other good, but in this matter, the other things have to kept the same which is also known as ceteris paribus.

For example when the price of coffee increases, the demand of tea will increase because the people will start preferring to have tea because of the increase in the price of coffee.

You might be interested in
Tom is managing a project team responsible for building a new office building that started this week. He notices that team membe
Darina [25.2K]

Answer:

The answer to this question is E. Forming

Explanation:

The forming stage of team development is the stage where team members establish ground rules and try to find out what behaviors are acceptable and what performance expectations are.  

It is the stage where group members learn what to do, how the group is going to operate, what is expected, and what is acceptable.

The group members needs high degree of guidance from the team leader or the team manager in other to be able to understand their individual roles, understand the purpose of the team and organised the team structure.

Hence the answer is  E. Forming stage.      

8 0
2 years ago
Considere que a empresa vale dos lirios Ltda, recebeu por meio de caixa, o valor registrado an conta de clientes referente a ven
Maksim231197 [3]

Responda:

Por favor, verifique a explicação

Explicação:

O método de dupla entrada simplesmente se refere a um princípio contábil em que cada transação realizada tem um registro duplo, ou seja, se uma operação de crédito é realizada, o débito correspondente é registrado, da mesma forma, quando ocorre um débito, o lançamento a crédito correspondente também é registrado ao lado.

No cenário acima, a entrada de débito do ativo adquirido pelo cliente à vista de R 3.400 enquanto a vale Lirios Ltda é creditada com o dinheiro recebido na venda de seu ativo.

Ativo Caixa R $ 3.400 - - - - Débito

vale Lirios Ltda (ativo) R $ 3.400 - - - crédito

7 0
1 year ago
A company has an opening stock of 6,000 units of output. The production planned for the current period is 24,000 units and expec
Orlov [11]

Answer:

Explanation:

                                                Last year           Current year

Selling Price                      10                         10

Varaible Price                5                         6

Contribution Margin               5                               4

Break even is the point where total cost is equal to total revenue mean no profit and loss.

company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.

Break Even using FIFO method :  first In first out system

Fix Cost                                                                            =     86000

contribution from opening units(6000*5)                            =     30000

Remaining Fix cost that should be Covered from

current year products                                                            =     56000

 

Units to be sold for break-even ( 56000/4)   = 14000

so we have break even units   6000+14000 = 20000

Fix cost                              = -86000

Opening 6000*5              = 30000

Current   14000*4             = 56000

Profit                                   = 0

Break Even using LIFO method : Last in first out

Fix Cost                                                                            =     86000

Break even =  Fix Cost / Contribution margin

Break even =  86000/4 =21500

current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.

4 0
1 year ago
A company factored $30,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this trans
rosijanka [135]

Answer:

False

Explanation:

Given that,

Accounts receivable = $30,000

Factoring fee charged = 2%

Therefore,

Factory fee = 2% of Accounts receivable

                   = 2% × $30,000

                   = $600

The amount $600 has to be subtracted from the accounts receivable.

Hence, the journal entry is as follows;

Cash A/c ($30,000 - $600) Dr. $29,400

Factory fee Expense A/c     Dr. $600

      To Accounts Receivable                     $30,000

(To record the account receivable)

4 0
1 year ago
Assume that both firm A and firm B formally agree to each put up $10 million to form firm C. The operations of firm C are restri
Alchen [17]

Answer: a. joint venture.

Explanation:

A Joint Venture refers to when 2 or more entities come together and put up resources necessary to accomplish a certain task or venture that will be beneficial to all of them.

For example, BMW and Toyota jointly started research into utilizing hydrogen fuels and Google cooperated with NASA to create Google Earth.

Firm C is a Joint venture between Firms A and B.

8 0
2 years ago
Other questions:
  • Large retailers like walmart have enormous channel control due to their size and power. which type of channel arrangement does t
    12·1 answer
  • Ellie wants to use office 2016 for her catering business. for example, she plans to use word to maintain her collection of recip
    7·2 answers
  • When the supervisor-to-subordinate ratio exceeds manageable span of control, additional Teams, Divisions, Groups, Branches, or S
    7·2 answers
  • How much would an investor be willing to pay for an investment which promises to pay $200 per year in perpetuity if the investor
    14·1 answer
  • Mr. and Mrs. Napper are interested in funding their children's college education by taking out a home equity loan in the amount
    5·1 answer
  • Taunton's is an all-equity firm that has 152,500 shares of stock outstanding. The CFO is considering borrowing $251,000 at 7 per
    13·1 answer
  • What is an action that will not help you activate your network?
    8·1 answer
  • The owner of Miller Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month but the res
    15·1 answer
  • Loreal-American Corporation purchased several marketable securities during 2021. At December 31, 2021, the company had the inves
    11·1 answer
  • Generating ideas often includes brainstorming or brainwriting. These techniques can be an effective way to produce the best idea
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!