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Ilia_Sergeevich [38]
2 years ago
8

Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total

revenue of $35,000 when the price of a movie ticket is $10. Demand is elastic, inelastic, or unitary elastic?
Business
1 answer:
raketka [301]2 years ago
7 0

Answer:

Inelastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded =

35,000 - 40,000/40,000 = -0.125 = -12.5%

percentage change in price = $10 - $8 / $8 = 0.25 = 25%

Elasticity = -12.5%/25%= -0.5

Demand is inelastic because the elasticity of demand is a less than 1.

Elasticity of demand measures how quantity demanded changes when price change.

Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .

Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1

Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.

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Temka [501]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

Raw materials inventory $90,000  

      To  Cash  $90,000

(Being the raw material is purchase for cash is recorded)

Factory overhead $17,000  

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(Being the factory supplies is recorded)

Work in process inventory $66,100  

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(Being the work in process is recorded)

Only these three entries are to be recorded)

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2 years ago
A stability strategy is a grand strategy that involves little or no significant organizational change. For example, Love Forever
zloy xaker [14]

Answer:

The correct answer is True.

Explanation:

A stability strategy seeks to remain as long as possible in the maturity phase (or stability) of the company, reaping the fruits of the investments made. A survival strategy seeks to survive in a hostile environment, while retaining its market share.

In general, stability and survival strategies are defensive strategies, that is, strategies that seek to maintain the competitive position achieved by the company. This fact does not mean that the company cannot grow; in fact, on many occasions, to maintain market share growth is necessary (sustainable growth). In other cases, these strategies involve a decrease (organizational downsizing, outsourcing or outsourcing of activities).

These strategies are designed for the level of corporate strategy, although they can also be adopted for competitive or business strategies, as they allow the analysis for each business or activity to which the company is engaged.

4 0
2 years ago
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Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price i
Grace [21]

Answer: The answers are:

A) <u>$200,000.</u>

B) <u>$258,881.</u>

C) <u>$177,399.</u>

Explanation: The values to put in the financial calculator are:

Future value = $ 200.000.

Payment = $ 200,000 x 0,10 = $ 20,000.

n = 5 x 2 = 10. (Number of semesters in 5 years).

YTM = (a) ten percent,  (b) six percent, and  (c) 12 percent.

A) Price or Present value = <u>$200,000.</u>

B) Price or PV = <u>$258,881.</u>

C) Price or PV = <u>$177,399.</u>

<u></u>

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2 years ago
Imagine you've just gotten the first glimpse at your upcoming report card or transcript. 1. What are your steps for reviewing it
ludmilkaskok [199]

Answer:

Steps to Reviewing it:

  1. Look for the unweighted and Total GPA
  2. Look at the individual grades for the various subjects by semester then by GP.
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  4. Finally look at the comments made on the report

Sections drawn to:

  • Total GPA
  • Grades in certain courses such as Computer Science, Commerce and Chemistry.
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Important to me

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Actions if something looks wrong:

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Rachel lives and works on her father's dairy farm as a large animal veterinarian. The farm does not
djverab [1.8K]

Answer:

No, because Rachel's family farm does not employ outside workers

Explanation:

No, because Rachel's family farm does not employ outside workers. Under the OSH Act since Rachel's family does not employ outside workers they are not seen as an official business and therefore are not protected under the act. The workers on the farm are not seen as employees but instead family members helping one another and acting as co-owners of the farm. Therefore, the act does would not provide any coverage to Rachel in this scenario.

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