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Zigmanuir [339]
2 years ago
9

As the manager of a golf resort, you want to increase the number of tee times sold by 10%. Your staff economist (and junior cadd

y) has determined that the price elasticity of demand for tee times is –1.5. To increase sales by the desired amount, how much should you decrease the price of a tee time in percentage terms?
15.5%
20%
8%
6.67%
Business
1 answer:
ZanzabumX [31]2 years ago
8 0

Answer:

6.67%

Explanation:

Given:

Aimed increase in the number of tee sold = 10%

The price elasticity of demand for tee = -1.5

Now,

Elasticity in demand is calculated using the formula as:

Elasticity in demand = \frac{\textup{Percent change in quantity Demanded}}{\textup{Percent change in price}}

on substituting the respective values, we get

-1.5 = \frac{\textup{10}}{\textup{Percent change in price}}

or

Percentage change in price = -6.67%

here the negative sign depicts the decrease in price

Hence,

The correct answer is option 6.67%

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reative Sound Systems sold investments, land, and its own common stock for $36.0 million, $14.4 million, and $38.8 million, resp
Bingel [31]

Answer:

$18.4 million

Explanation:

The computation of the net cash flows from financing activities is shown below:

Cash flows from financing activities

Issuance of the common stock $38.8 million

Less: Purchase of treasury stock -$20.4 million

Net cash flows provided from financing activities $18.4 million

The positive sign represents the inflow of cash and the negative sign shows the outflow of cash and the same is shown above

5 0
2 years ago
Main Street Antiques is planning on paying an annual dividend of $2.20 per share next year. The company is slowly downsizing and
goldenfox [79]

Answer:

The current value of this stock should be $20.

Explanation:

The current value of this stock should be calculated by applying the formula to find present value of growth perpetuity. The formula is shown as below:

Stock price = D1 / ( Rate of required return - Growth rate of annual dividend)

in which: D1 = next year dividend = 2.20;

               Rate of required return = 8%;

               Growth rate of annual dividend = -3%.

So, Stock price = 2.2 / [8% - (-3%) ] = $20.

So, the answer is: the current value of this stock should be $20.

5 0
2 years ago
A chain of dry-cleaning outlets wants to improve its operations by using data from devices at individual locations to make real-
Alenkasestr [34]

Answer: edge computing

Explanation:

Edge computing refers to an open and distributed IT architecture which possesses features such as decentralized processing power, and Internet of Things (IoT) technologies.

Data is not transmitted to a day center but rather being processed by the device itself or the server. It helps in bringing data storage and computation closer to the data sources and this helps in saving bandwidth and improving response times.

Since the company wants to improve its operations by using data from devices at individual locations to make real-time adjustments to service delivery, then the technology that would be combine with its current Cloud operations to make this possible is the edge computing.

6 0
2 years ago
Tyare Corporation had the following inventory balances at the beginning and end of May:
Oksana_A [137]

Answer:

a. $5,460

Explanation:

The computation of the ending amount of direct labor cost is shown below:

First we have to compute the direct labor hours which is

= Ending work in process - direct materials cost

= $17,578 - $7,750

= $9,828

The total per direct labor hours is

= $12 + $15

= $27

So, the direct labor hours would be

= $9,828 ÷ $27

= 364 hours

So, the ending direct labor cost is

= 364 hours × $15 per hour

= $5,460

6 0
2 years ago
In a department meeting, Jamira engages in a thoughtful dissent aimed at constructively challenging her manager, Shivana, to ret
kvasek [131]

Answer:

The correct answer is a) Constructive resistance.

Explanation:

Constructive Resistance is the ability of structural elements to withstand the efforts to which they are subjected without breaking. It depends on many factors among which the material used, its geometry and the type of union between the elements stand out.

6 0
2 years ago
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