The price elasticity of demand for hot dogs is 4.0, option D.
Price elasticity of demand is a measure of the sensitivity of the quantity demanded of a good or service to a change in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.Using the method of average values, the price elasticity of demand for hot dogs can be calculated using the following formula:
Price elasticity of demand = [(Q1 - Q0) / (Q1 + Q0) / 2] / [(P1 - P0) / (P1 + P0) / 2]
Where: Q1 = quantity demanded at initial priceP1 = initial priceQ0 = quantity demanded at new priceP0 = new price
According to the problem, if the price of hot dogs is $2.00 each, you would buy 2 hot dogs. If the price is lowered to $1.20 each, you would buy 6 hot dogs.Using this information, we can plug in the values into the formula as follows:
Price elasticity of demand = [(6 - 2) / ((6 + 2) / 2)] / [(1.20 - 2.00) / ((1.20 + 2.00) / 2)]
Price elasticity of demand = [4 / 4] / [-0.4 / 1.60]
Price elasticity of demand = 1 / (-0.25)
Price elasticity of demand = -4
Therefore, the price elasticity of demand for hot dogs is d. 4.0.
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Strategic Management crucially define and determine the long term performance of a
business entity. This is with reference to, Nokia, who lost its pace in the smartphone
race. As quoted by source:"Nokia has been long the market leader in the mobile phone market and with its enormous reach and huge customer base, had successfully created significant entry barriers for any new player as such. Its Symbian OS being the backbone of the whole success story contributed to a great deal in its higher perceived ease of use. Customers used to enjoy the features, thanks to highly simplified GUI. It ruled the middle and low end market for long. But, Nokia did a blunder and lost its market share."(Source: https://www.marketing91.com/nokia-lost-market-share/) In the context of above case, define the term strategic management, discuss, what are the three major challenges to strategic management and specifically point out in relation to Nokia among the three challenges, out of these challenges which challenge hit hard to the Business Giant.
Strategic management is the process of setting and implementing long-term goals, plans, and actions to improve an organization's overall performance and competitiveness.
In Nokia's case, the three major challenges to strategic management were: adapting to technological advancements, maintaining competitive advantage, and responding to changing consumer preferences. Among these challenges, Nokia was hit hardest by failing to adapt to technological advancements, particularly in the smartphone market. Nokia was unable to keep pace with rapid technological advancements, specifically the rise of smartphones and their operating systems.
Competitors like Apple and Android-based devices quickly gained market share with innovative features and better user experiences. Nokia's inability to adapt and improve its Symbian OS played a significant role in its decline. The company also struggled to maintain a competitive advantage and respond to changing consumer preferences as they shifted towards new devices and platforms.
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Two way how the government impacts/affects the economy?
Explanation:
The government may also adjust spending, tax rates, or introduce tax incentives. ... As a result, these elected members of the government have a great deal of influence on the economy. Fiscal and monetary policies are intended to either slow down or ramp up the speed of the economy's rate of growth
Answer:
adjusting the cost of borrowing money (by lowering or raising the interest rate)
managing the money supply
and controlling the use of credit.
as a network administrator for your company, you want to set up a network device that manages traffic leaving and entering your network from the outside. which of the following would best meet your requirements?
The best device to manage traffic entering and leaving your network from the outside is a firewall. A firewall helps control, filter, and secure the network traffic, protecting your company's network from external threats.
To set up a firewall as a network administrator, follow these steps:
1. Determine the network requirements: Analyze the security needs and types of traffic that your network will handle to choose the appropriate firewall type.
2. Select a suitable firewall: Based on your requirements, choose either a hardware or software firewall. Hardware firewalls are standalone devices, while software firewalls can be installed on existing servers or computers.
3. Configure the firewall: Define the rules and policies to control the traffic entering and leaving your network. This includes setting up filters, blocking specific IP addresses or ports, and creating exceptions for trusted sources.
4. Install and deploy the firewall: If it's a hardware firewall, connect it between your company's network and the external network (internet). For software firewalls, install it on the designated server or computer.
5. Test and monitor the firewall: Regularly test the firewall's effectiveness and monitor its logs to ensure it's functioning as intended and providing the necessary protection for your network. Update the firewall's rules and policies as needed.
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Utilitarianism is an approach to ethics that means. A. Fairness is the fundamental aspect of ethical conduct and people in a dispute should look at the situation outside of their own interests in the outcome to decide what is right. B. Journalists often face conflicts among ethical principles in the course of their work and must often make difficult decisions. C. Whatever does the most good for the most number of people is best. D. Not all ethical precepts can be applied in all situations, but they do provide useful guidelines for media professionals in their behavior.
Answer:
C. Whatever does the most good for the most number of people is best.
Explanation:
Utilitarianism (utilitarian ethics) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarianism (utilitarian ethics) considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarianism (utilitarian ethics) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
This ultimately implies that, utilitarianism is a philosophical approach to normative ethics that means whatever does the most good for the most number of people is best.
What is usually the result when larger down payments are made?
A. The larger down payment gives the debtor less equity.
B. The larger down payment gives the debtor more equity.
C. The larger down payment shows the debtor has more cash.
D. The larger down payment shows the debtor needs the loan.
the larger down payment gives the debtor more equity
Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.
what difference would it make to the economy if there were no money? What commodities might serve as money instead? Provide reason for your answers.
Answer:
Well, we would simply be reduced to a barter economy. Therefore we would have to trade items for items.
Explanation:
This is the way it is because "Barter" is The exchange (goods or services) for other goods or services without using money. So if we needed beef, we would have to give the person trading the beef something of ours. As for countries who want to trade, if one needs wool, and one needs iron, and country A has Iron and country B has wool They'd barter the two items.
You are selling friendship bracelets online and you give very clear instructions to the ISP about how to post the listing and photos. The ISP
erroneously posts P. Navajo's pictures, at half price, and states that you give a certificate of authenticity. None of this was included in your
instructions. The posting goes viral and tweens and teens from all over the world order over 50 million bracelets in one day. You are liable.
Answer. false,
someone else answered it, same question on another brainly
Which of the following help to build credit?
Defaulting on a loan
Good rental history
Employment stability
A college degree
Opening a bank account
Answer:
Good rental history and employment stability are two things that help to bulid a good credit score.
Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming
When one is having an allergic reaction to something, one symptom that is not expected is Screaming.
An allergic reaction usually leads to the following:
Person has trouble breathing Person develops anxiety Person might faintIt is not a usual thing that a person will scream as a result of an allergic reaction.
We can therefore conclude that screaming is not associated with allergic reactions.
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The Graves Corporation was incorporated in 2018 and incurred a net op-erating loss of $35,000. The company’s operating income in 2019 was $47,000. Because of a downturn in the local economy, the company suffers a net operating loss of $21,000 in 2020. What is the treatment of the 2020 loss? How would your answer change if Graves were an S corporation?
Answer:
The 2018 loss was carried forward and decreased the corporation's tax liability during 2019. The 2020 loss should also be carried forward to offset any future gains and reduce future tax liabilities. A company can carry forward a loss indefinitely, since it is allowed to deduct a maximum of 80% of a future year's net income.
If this was an S corporation, it would be pass through entity that is not taxed directly, instead, the owners are taxed. Therefore, this $21,000 loss will be distributed proportionally among all the stockholders, and they must deduct their taxes independently.
The manager of East India Ice Cream Shop keeps track of the number of customers served at different periods of the day in an attempt to plan a schedule for workers that matches the demand for the restaurant's products. By using this tracking system, the manager of East India is utilizing ________ control.
Answer: Output
Explanation: The output control system refers to one of the organizational control systems which is employed by business strategist and establishment in tracking the progress, growth, flaws and ways whereby an organization can improve, provide better services and ultimately make more revenue. The output control system is focused on that aspect of a business offering which can be quantified, such that executives could analyze the feedback and thus use it as a guide to provide and improve on future projects or services. In the scenario above, data was studied to identify peak periods in other to schedule worker's shift so that the organization would not fall short of workers at the time which they are mostly required.
How does Ana spend her time in seedfolks?
Answer:
B
Explanation:
Got it right on edg 2020
The Sailfish County authorized issuance of $10,000,000, 4 percent regular serial bonds in 20X0 for construction of a new library. The bonds mature in
The bonds will mature over a period of time, and the maturity date will depend on the terms of the bond agreement.
The Sailfish County has authorized the issuance of $10,000,000, 4 percent regular serial bonds in 20X0 for the purpose of constructing a new library. These bonds are expected to mature over a specific period of time, which is the time frame within which the principal amount of the bond along with the interest must be paid off.
The maturity date of these bonds will depend on the terms of the bond agreement. The maturity date is the date on which the principal amount of the bond must be repaid. This means that the bondholders will receive the full amount of their investment on this date. The interest payments will continue until the maturity date.
The term "regular serial bonds" means that the bonds are scheduled to mature in installments over a period of time. This allows the issuer to spread out the repayment of the principal over several years, which helps to reduce the overall financial burden on the issuer. In this case, the bonds will likely mature over a period of 10-20 years.
In summary, the Sailfish County has authorized the issuance of $10,000,000, 4 percent regular serial bonds in 20X0 for the purpose of constructing a new library. The bonds will mature over a period of time, and the maturity date will depend on the terms of the bond agreement.
The regular serial bond structure allows for the repayment of the principal amount to be spread out over several years, which reduces the financial burden on the issuer.
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Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your community that would do well, even if people did not have a lot of extra money to spend, and explain the advantages it has over larger businesses.
Answer:
A drug store is a type of business that is likely to do well even in an economic recession.
This is because drug stores sell an essential good, that often has a high price, and that is needed by many people, specially those who suffer from chronic diseases.
In other words, people will likely reduce their consumption of many other goods before reducing their consumption of prescription drugs.
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what color is a carrot plzzzzzz this teacher is on my a.ss about it
Answer:
BLUE Hope this helps :)))))
Explanation:
............
Answer:
totally megenta
Explanation:
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با ما
Outline two reasons why a business such as AEC could not be
Successful without other firms providing natural resources
Answer:
Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.
Explanation:
The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.
The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.
[04.04MC]
Which of the following actions would the Federal Reserve most likely take during
an economic recession? (5 points)
Increase reserve requirement
Raise interest rates
Lower discount rate
Sell government securities
Answer:
Lower discount rate
Explanation:
When commercial banks and other institutions borrow from the federal reserve, they repay at an interest rate known as the discount rate. The discount rate becomes the benchmark for inter-bank borrowing, and by extension, loans to customers. An increase or decline in the discount rate results in banks' interest rates moving in the same direction.
A recession is a business cycle where the growth rate is very low or negative. It is associated with low demand for goods and services, a high unemployment rate, and reduced production. The federal reserve intervenes by employing measures to stimulate production and growth.
In reducing the discount rate, banks' interest rates will reduce. The costs of borrowing money decreases. Firms and households can borrow money for consumption and investment. Reducing the discount rate increases the money supply in the economy. Demand for products and services goes up, which stimulates more production and growth in the GDP value.
Answer:
Lower discount rate
define current as it applies to assets and liabilities on a classified balance sheet.
The term "current items" refers to debts that are anticipated to be due within a year or the length of the business's operational cycle, whichever is longer.
What is the business's operational cycle?
An operating cycle is the period of time it takes for a business to purchase items, sell them, and receive payment for those sales. Alternatively said, it's the time it takes for a business to convert its inventories into cash.
What phases make up the operating cycle?
The operating cycle consists of the following three fundamental steps: purchasing goods outright, selling inventory on credit, and receiving payment for sales.
The accounts receivables period and the inventory period can be added to determine the operational cycle. In addition to the terms operating cycle and cash conversion cycle, the term cash-to-cash cycle is frequently used.
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What information do consumer reporting agencies provide banks and lending businesses for a person's credit history when a person applies for a loan?
Select all that apply. Thanks!
Employment
Email I.D. and password
Product preference
Bankruptcy history
Debt
Relationship history
Current and past loans
Kopper Ltd owns five large poultry farms in Parramatta. The City of Parramatta Council has taken legal action against the pollution in the Parramatta River, especially the pollution from chicken farms. The local council has sued Kopper Ltd for water pollution and is claiming that Kopper will have to pay fines. Kopper's lawyers have advised them that it is very likely that they will lose the case and have to pay damages. However, the lawyers are not able to estimate the amount ordered by the court. Required: Should Kopper Ltd recognize a liability for this event? Justify your answer by reference to the definition and recognition criteria as per the Conceptual Framework.
Yes, Kopper Ltd should recognize a liability for the legal action taken by the City of Parramatta Council. According to the Conceptual Framework for Financial Reporting, a liability is a present obligation arising from past events.
In this case, the legal action taken by the council is a past event that has resulted in a present obligation for Kopper Ltd to pay fines for water pollution from their chicken farms. Furthermore, Kopper's lawyers have advised them that they are likely to lose the case and have to pay damages. Therefore, it is probable that Kopper Ltd will have to settle this obligation by paying fines.
The recognition criteria for a liability are met in this case, as there is a present obligation arising from past events, and the settlement of the obligation is probable and can be reliably measured. Therefore, Kopper Ltd should recognize a liability for this event in their financial statements.
In summary, Kopper Ltd should recognize a liability for the legal action taken by the City of Parramatta Council against them for water pollution from their chicken farms. This is because the recognition criteria for a liability are met, and the settlement of the obligation is probable and can be reliably measured.
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A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the answer to nearest dollar.
Answer:
6,456
Explanation:
Substitute the given values into the formula: A=Pe^-rt, where A represents the future value and P represents the initial (current) value.
The amount of value after 7 years when the purchase value of the speed boat is $13,000 should be considered as the $6,456.
Calculation of the amount:Since the speed bought purchase value is $13,000
The depreciation rate is 10% per annum compounded continuously
The time period is 7 years
So here the amount should be
= $13,000 * e^-0.70
= $6,456
hence, The amount of value after 7 years should be considered as the $6,456.
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modern monetary policymakers work to reduce the volatility created by fluctuations in by adjusting .
Economic regulating aggregate supply and demand, modern monetary authorities aim to lessen the instability brought on by swings.
What is modern monetary policy? Simply put, according to contemporary monetary theory, such governments do not rely on taxes or borrowing for expenditure because they have the ability to print as much money as they require and hold the monopoly on currency issuance.According to the Federal Reserve Bank of Richmond, the Modern Monetary Theory (MMT) is an economic theory that contends that because the government is the one who issues currency, doing so would have no negative effects.Reserve requirements, the discount rate, and open market operations are the three instruments the Fed has historically used to implement monetary policy.The reserve requirement, open market operations, the discount rate, and interest on reserves are the four primary tools that central banks use to implement monetary policy. 1 Additionally, the majority of central banks have access to much larger resources in Dec 30.To learn more about monetary policy refer to :
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although accounting has several specific uses, the overall purpose of accounting can be summarized as
Although accounting has several specific uses, the overall purpose of accounting can be summarized as to provide financial information that is useful to decision makers.
Accounting is the process of compiling financial information data such that it is visible and clear for all stakeholders and shareholders. Recording and reporting a company's financial transactions, financial performance, and cash flows is accounting's primary objective. Accounting is the process of documenting, analysing, interpreting, and conveying a person's or an organization's financial activity. Accounting's goal is to make it possible for interested parties to base their decisions on truthfully documented data. Liabilities less assets equals net worth.
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What is TRUE about non-depository financial institutions?
Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct
true or false: depreciation expense accounts for the loss of value of fixed assets (plant and equipment).
The depreciation expense covers the decline in the value of fixed assets, such as machinery and equipment. This statement is true.
Depreciation is a method used in accounting to allocate the cost of fixed assets (such as buildings, machinery, and equipment) over their useful lives. As fixed assets are used to generate revenue for a business, they experience wear and tear, obsolescence, and other factors that reduce their value over time.
Depreciation recognizes this loss of value by gradually reducing the carrying amount of the asset on the balance sheet and charging a corresponding amount to the income statement as an expense.
Depreciation expense is calculated based on the estimated useful life of the asset, its salvage value (i.e., the estimated value at the end of its useful life), and the original cost of the asset. There are different methods of depreciation, such as straight-line, accelerated, and units-of-production, that allocate the cost of the asset differently over time. The method used should reflect the pattern of the expected use of the asset.
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Do you feel this truck is affordable for Cesar or should he consider other alternatives? Provide at least two reasons supporting your answer
What is the purpose of Journals in the accounting cycle?
A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts
Answer:
b. record transactions for business
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
if frank makes justin a night-shift supervisor, he would be engaging in which function of management?
If Frank makes Justin a night shift supervisor he would be engaging in the function of management that is called the Organizing function.
The organizing function is that stage that follows the planning stage. At this stage the resources would be distributed then the different tasks would be allocated to the personnel or employees that are responsible for them.
Delegation of these tasks to these personnel would be very useful because it helps to achieve those tasks that they set out in the planning stage.
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The money that is promised to be paid in a promissory note is called the ______________.
Question 7 options:
a)
Interest rate
b)
Payee
c)
Principal
d)
Amount
Answer:
The answer to your question is payee