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zhuklara [117]
2 years ago
5

You are the manager of a retail store, and you have been tasked with finding the return rate on a certain brand of laptop comput

ers. You have assembled the data on the number of computers sold and the number returned over the past six months in the table below. Month Oct Nov Dec Jan Feb Mar Sold 1,621 1,752 1,848 1,634 1,725 1,780 Returned 223 415 421 560 330 304 Using the table as experimental data, if your store has 379 laptops returned in April, how many laptops are likely to have been sold in April? a. 1,578 b. 1,740 c. 1,743 d. 2,219
Business
2 answers:
Elena-2011 [213]2 years ago
8 0
Using the table as experimental data, if your store has 379 laptops returned in April, then the number of laptops are likely to have been sold in April is c. 1,743
barxatty [35]2 years ago
3 0

the answer is   C.   1,743    

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At the end of the day, the cash register's record shows $2,050, but the count of cash in the cash register is $2,058. the correc
pishuonlain [190]
The correct entry to record the cash sales is 

<span>Debit Cash $2058
       credit                   Cash Over and Short $  8
       credit                   Sales                            $2050

The cash over and short will record the amount of cash that is not recorded during the initial transaction. Almost all stores experience cash over and short daily, and usually will be taken monthly from an account set aside by the stores to cover the mistake by its employees.

</span>
8 0
1 year ago
The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks
Alborosie

Answer:

The correct answer is B. an oligopoly.  

Explanation:

An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence the price and amount of equilibrium.

In the oligopoly, competitors have market power, but at a lower level than in the case of monopoly. This, since, instead of having only one bidder, there is a small group of companies.

This means that although each of the companies has an influence on the market price and quantity (they do not take it as given), the freedom to choose the level of these variables is limited by the existence of other competing firms. A special case of oligopoly is the duopoly, where there are only two bidders.

3 0
2 years ago
Read 2 more answers
Agnes pays state income tax equal to 3.75% of her federal taxable income. She pays federal income tax equal to 28.4% of her fede
max2010maxim [7]

____________________________________________________

Answer:

Your answer would be D). $2,040.00

____________________________________________________

Explanation:

To find the state income tax in this situation, we would need to be doing a lot of multiplying and dividing in order to get our answer.

We would use this equation:

t = px

t = Total paid

p = percentage

x = unknown

In this case, we would need to find what x is.

Let's give you the equation:

15,449.60 = 28.4x

We would need to get x by itself, so we would divide by 28.4. But first, we would need to move the decimal place from 28.4 2 times to the left, so we would be dividing by .284

\frac{15449.60}{.284} = 54,400

Now, that;;s the federal income tax, but we have to find the state income tax. We would use 54,400 and miltiply it by 3.75 (move 2 decimal places to the left to get 0.0375).

54,400*0.0375= 2,040

Agnes payed <u>$2,040</u> in state income tax.

D). $2,040 should be your FINAL answer.

____________________________________________________

8 0
2 years ago
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the sa
Tamiku [17]

Answer:

1. PES for pancakes is 2.45

2. Supply in the market for motorcycles is  less elastic than supply in the market for pancakes.

Explanation:

Price elasticity of supply is the responsiveness of quantity supplied to a change in price. it is calculated by dividing the % change in quantity supplied by the % change in price. Generally, it can be of two types:

  1. Price Elastic: Change in quantity supplied is higher than change in price. PES > 1
  2. Price Inelastic: Change in quantity supplied is lower than change in price. PES < 1

When calculated using the mid-point formula, this is the formula used:

<u>(Q2 - Q1) / [(Q2 + Q1)/2]</u>

(P2 - P1) / [(P2 + P1)/2]

1. We will now substitute the actual values of pancakes in place after identifying them from the question:

Equilibrium Quantity - 27 (Q1)

New Quantity - 109 (Q2)

Equilibrium Price - $6.50 (P1)

New Price - $10.75 (P2)

<u>(109 - 27) / [(109 + 27)/2] </u>

(10.75 - 6.50) / [(10.75 + 6.50)/2]

<u>1.21 </u>

0.493

Therefore, PES for pancakes is 2.45 (approx. two decimal places) suggesting it is price elastic.

2. In order to check whether motorcycles or pancakes are more elastic, we calculate the PES of motorcycles using the same method:

Equilibrium Quantity - 27 (Q1)

New Quantity - 61 (Q2)

Equilibrium Price - $6.50 (P1)

New Price - $10.75 (P2)

<u>(61 - 27) / [(61 + 27)/2]</u>

(10.75 - 6.50) / [(10.75 + 6.50)/2]

<u>0.77</u>

0.493

Therefore, PES for motorcycles is 1.56 (approx. two decimal places) suggesting it is price elastic. However, it is less price elastic than PES for pancakes.

One reason for this could be production time. Pancakes can be produced much faster than motorcycles. Therefore, it is more flexible to price changes.

4 0
2 years ago
Stone and brick are substitutes in home construction. consider the market for bricks depicted below. suppose the price of stone
sp2606 [1]

Answer: Price of bricks will increase

Explanation: Since Stone and bricks are substitutes to each other, a rise in the price of stone due to the new regulation will lead to a rise in the demand for bricks. Since bricks are now relatively cheaper as compared to stones after the price rise, people will use more bricks than stones. This will shift the demand for bricks to the right driving upwards the price for bricks and also increase the quantity of bricks being sold in the market.  

8 0
2 years ago
Read 2 more answers
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