Answer:
The price elasticity of demand for Twinkies in the given price range is 0.641.
Explanation:
The price of Twinkies is reduced from $1.45 to $1.25.
The quantity of Twinkies demanded increases from 2,000 to 2,200.
Price elasticity of demand for Twinkies
= 
= 
= 
= 
= 
= 0.641
Answer:
See explaination and attachment
Explanation:
Stockholders' equity is the amount of assets remaining in a business after all liabilities have been settled. It is calculated as the capital given to a business by its shareholders, plus donated capital and earnings generated by the operation of the business, less any dividends issued.
Balance Sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
See attachment for the step by step solution of the given problem.
64,576 miles.
Explanation:
When the companies advertise their new products they want to present the product in the best possible light as possible. This is due to edging out the competition as in many products small details make a huge difference. The same is the case with the tires and their endurance. The longer way a set of tires takes you the better, since they are expensive product so changing them less often is very beneficial.
In this case, the interval for the mean tire life varies by 2,026 from 62,550, both up and down. The minimum will be 60,524 miles, while the maximum a tire can pass is 64,576. The company will of course go for the maximum value to make the product look as attractive and as good as possible to the customers.
Answer:
Budgeted purchases of pounds of direct material B during May = 1,440 pounds @ $2 per pound.
Purchase cost = $2,880
Explanation:
Units required to be produced in April = Units required to be sold April - Opening Inventory + 40% of Sales of May
= 240 - 96 + (280 X 40%) = 256 units
Total units of raw material to be purchased = 256 X 5 pounds = 1,280 pounds
Now for the month of May
Units required to be produced in May = Sales for the month - Opening Inventory + 40% of Sales of June
= 280 - 112 + (300 X 40%) = 288
For 288 units purchase = 288 X 5 pounds = 1,440 pounds
Purchase cost for the month = $1,440 X $2.00 = $2,880
The finance cluster and the management cluster would be best for Scott because in finance he can work with money and others but in the management cluster he can be a leader working with others.
