A certain product has supply elasticity 0.4 and demand elasticity 2.7. If a tax were placed on the product, what is most likely to happen

Answers

Answer 1

Answer:

Sellers will bear more of the tax burden.

Explanation:


Related Questions

The percentage of times a customer service representative is able to resolve a customer issue in just one phone call is an example of a ______ used for performance appraisal.

Answers

Answer:

quantitative metric

Explanation:

Quantitative metrics can be regarded as click-through rates, as well as time on sites, or some other measure that is used in online marketing which can be well represented numerically. quantitative data is been chosen by Many marketers since it be solve on spreadsheet and creation of statistics and comparison points is possible.

It should be noted that percentage of times a customer service representative is able to resolve a customer issue in just one phone call is an example of a quantitative metric

used for performance appraisal.

Institutions that help to match one person's saving with another person's investment are collectively called the

Answers

Answer:

Financial system

Explanation:

At January 1, 2014, Alligator Industries reported retained earnings of $130,000. During 2014, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2014, the amount of retained earnings is

Answers

Answer:

the ending retained earning balance is $85,000

Explanation:

The computation of the ending retained earning balance is shown below:

= Opening retained earnings - net loss - dividend paid

= $130,000 - $30,000 - $15,000

= $85,000

Hence, the ending retained earning balance is $85,000

The same should be considered and relevant

Reliable Industries is a maker of component parts in heating and cooling ventilation systems. The company is looking for a site on which to build a new production facility. Major considerations the company must take into account are that any area selected has adequate rail access and is at the hub of major highways to quickly move products. Reliable is in the process of

Answers

Answer: facility location

Explanation:

Based on the information given, it can be infered that Reliable Industries is in the process of facility location.

Facility Location simply refers to the selection of the rightt location for the manufacturing facility. The location selected should be easily accessible for the customers and transportation.

Selecting a suitable facility location is essential for an effective operation.

According to RET, unanticipated changes in the price level, or ______, cause temporary changes in real output.

Answers

Answer:

price-level surprises

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. Also, the price of goods and services are primarily being set by the seller or service provider.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

The rational expectations theory (RET) is an economic theory which states that consumers would always make decisions based on the best information that is made available to them at a given time.

According to rational expectations theory (RET), unanticipated changes in the price level, or price-level surprises would cause temporary changes in real output. Thus, macroeconomic policy such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels are ineffective in both the short run and long run

Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determines that there is a 1 percent risk of a significant ransomware attack in any given year. Overall annual revenue for the company is valued at $10,000,000 and estimates are that a large ransomware attack would cause approximately $1,000,000 in damage. What is the Estimated Threat Impact (ETI) in this scenario? Group of answer choices $1,000,000 $10,000 $10,000,000 $100,000

Answers

Answer: $1,000,000

Explanation:

Risk impact assessment refers to the method of assessing the probabilities of a particular risk and its consequences in case they are realized.

Based on the question, since there's an estimate that a large ransomware attack would cause approximately $1,000,000 in damagez then the estimated threat impact is $1,000,000.

In order to encourage more interdepartmental communication and cooperation, Angelica is thinking about setting up groups of workers from different departments to work together on a long-term basis. She is even thinking about asking people from some of Mucho Dinero's suppliers, customers, and distributors to join these groups. The type of group that Angelica is considering is known as a(n)

Answers

Answer:

Cross functional team

Explanation:

When a team or group is composed of individuals with different functional expertise, technical skills or prowess, then we could call the group a cross functional group or team. The word cross function means that the group with the help of team work is capable of performing or functioning across a number of differ roles and taking up diverse responsibilities. A cross functional team may be composed of a finance expert, a human resource specialist, an engineer and so on. The team my be assembled depending on the task at hand and what the organization aims to achieve.

You are working several plans and community organizations to sponsor an educational event. When putting together advertisements for this event, what should you do

Answers

Answer: Ensure that the advertisements indicate it is an educational event

Explanation:

Defining an advert and tailoring it's message to the exact plan you want is really important. where this can be implemented well is with the contents the advert is done. The content drives home the message, if the content is not designed to meet what you want or it's target audience well, it would drive a different message.

When putting together advertisements for this event, you should ensure that the advertisements indicate it is an educational event unless it would be seen as a marketing program, you can ensure this by the content through the content displayed

Jack is conducting a risk assessment for his firm and is evaluating the risks associated with a flood inundating the firm’s data center. Consulting FEMA maps, he determines that the data center is located in a 100-year flood plain. He estimates that a flood would cause $5M of damage to his $40M facility. What is the annualized loss expectancy? Group of answer choices $5,000,000 $500,000,000 $50,000 $500,000

Answers

Answer: $500,000

Explanation:

Firstly, we should note that the annualized loss expectancy will be 10% of the estimated damage.

Since we are informed that Jack estimated that a flood would cause $5M of damage to his $40M facility, then the annualized loss expectancy will be:

= 10% × $5 million

= $500,000

1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)'

Answers

Answer:

0.31

0.27

Explanation:

Here is the full question used in answering this question

Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: (Enter your answers in millions, not in dollars.)

($ in ,millions)

Current assets:

Cash and cash equivalents $307

Current investments 82

Net receivables 218

Inventory 122

Other current assets 138

Total current assets $867

Current liabilities:

Accounts payable $1,165

Short-term debt 709

Other current liabilities 904

Total current liabilities $2,778

Required:

Calculate the current ratio and the acid-test ratio for Queen's Line

Current ratio is an example of a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations. the higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations

Current ratio = current asset /current liability

867 / 2778 = 0.31

Acid test ratio also known as the quick ratio measure the ability of short term assets to meet current liabilities

Acid test ratio = (current asset - inventory) / current liabilities

(867 - 122) / 2778 = 0.27

4) The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000, would be replaced by a new machine. The new machine would be purchased for $516,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $173,000 per year in cash operating costs. The simple rate of return on the investment is closest to:

Answers

Answer:

17.86%

Explanation:

Calculation to determine what The simple rate of return on the investment is closest to:

First step is to calculate the Depreciation

Depreciation = $516,000 ÷ 6years

Depreciation= $86,000

Second step is to calculate Incremental operating income

Incremental operating income = $173,000-$86,000

Incremental operating income=$88,000

Now let determine the simple rate of return on the investment

Using this formula

Simple rate of return = incremental operating income ÷ initial investment

Let plug in the formula

Simple rate of return = $87,000÷$516,000

Simple rate of return =17.86%

Therefore The simple rate of return on the investment is closest to:17.86%

With the advent of cloud storage and other online storage tools, Micah's company is now able to save all the data it collects from internal sources, external sources, and marketing research studies. The company wasn't able to store all of this with its former database management system. What phenomenon is Micah's company experiencing

Answers

Answer:

big data

Explanation:

From the question we are informed about an instance whereby With the advent of cloud storage and other online storage tools, Micah's company is now able to save all the data it collects from internal sources, external sources, and marketing research studies. The company wasn't able to store all of this with its former database management system. In this case, the phenomenon Micah's company is experiencing is big data.

Big data can be regarded as phenomenon involving exponential growth of business data which is attributed to the 21st-century as well as the challenges that is been associated with with it, these could be storage, management as well as holistic collection and analysis of series of data for the owner of the business.

A _____ is a qualified individual who is not actively looking for work but might be interested if the right job comes along.

Answers

Answer:

passive job candidate

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Cyclical unemployment rate (CU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Natural Rate of Unemployment (NU).

A passive job candidate can be defined as a qualified individual with the requisite experience and academic degree who is not actively seeking for employment (work) but might be interested in taking up one, if the right job comes along. Thus, a passive job candidate isn't actively seeking employment but whom recruiter seeks out and as such may be open to a good career job or relevant opportunities.

A simple, direct space heating system is currently being used in a professional medical office complex. An upgraded "variable air-volume system" retrofit can be purchased and installed for $200,000 (investment cost). Its power savings in the future will be 500,000 kilo-Watt hours per year over its estimated life of 8 years. The cost of electricity is $0.10 per kilo-Watt hour. If the firm’s cost of capital is 12% per year and the residual value of the system in 8 years is $20,000, should the new system be purchased? Use the present worth method.

Answers

Answer:

Since the present worth (PW) is $56,459.65 and positive, the new system should be purchased.

Explanation:

C = Cost of the upgraded "variable air-volume system" retrofit = $200,000

S = Residual value of the system = $20,000

n = Estimated life of the upgraded "variable air-volume system" retrofit = 8

r = cost of capital per year = 12%, or 0.12

P = Amount of power savings per year = Number of kilo-Watt hours per year * Cost of electricity per kilo-Watt hour = 500,000 * $0.10 = $50,000

Using the formula for calculating the present value (PV) or ordinary annuity, the PV of P can be calculated:

PV of P = P * ((1- (1/(1 + r))^n) / r) = $50,000 * ((1- (1/(1 + 0.12))^8) / 0.12) = $248,381.99

The PV of the residual value (PV of S) can be calculated as follows:

PV of S = S / (1 + r)^n = $20,000 / (1 + 0.12)^8 = $8,077.66

The present worth (PW) can now be calculated as follows:

PW = PV of P + PV of S - C = $248,381.99 + $8,077.66 - $200,000 = $56,459.65

Since the present worth (PW) is $56,459.65 and positive, the new system should be purchased.

Based on the various costs of the heating system, the savings it will bring, and the present worth method, the system should be purchased.

Why should the system be purchased?

It should be purchased if the Net Present Worth is above $0.

Net Present Worth = Present worth of inflows - Present of outflows

Inflows = Savings + Residual value

Savings are:

= 500,000 kilo-wat hours x 0.10 kilo-watt per hour

= $50,000

Net present worth:
= ( (50,000 x (P/A,12%,8 years)) + (20,0000 x (P/F, 12%, 8 years))) - 200,000

= $56,458

In conclusion, the NPW is more than $0 so this system should be picked.

Find out more on the Present Worth/ Value Method at https://brainly.com/question/13228231.

If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on the:

Answers

Answer:

If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on: The last day of the current taxable year.

If workers and firms have rational expectations, they understand that ________ monetary policy will raise the inflation rate, so actual inflation ________ expected inflation. contractionary; will be equal to expansionary; will be less than expansionary; will be equal to contractionary; will be less than expansionary; will be greater than

Answers

Answer:

expansionary; will be equal to

Explanation:

Remember, monetary policies are basically divided into:

expansionary monetary policy, andcontractionary monetary policy.

Indeed, as the name implies, the expansionary monetary policy is meant to in a sense boost up economic growth in terms of reducing interest rates thereby theoretically increasing spending and also leading to an increase in the money supply. When there is an increase in the money supply, this thus leads to an increased inflation rate, which would be expected if workers and firms have rational expectations.

_____ is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.

Answers

Answer:

Enterprise resource planning is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.

Enterprise Resource Planning (ERP) is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.

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Income Summary has a credit balance of $12,000 after closing revenues and expenses. The entry to close Income Summary is credit Income Summary $12,000, debit the Dividends account $12,000. credit Income Summary $12,000, debit the Retained Earnings account $12,000. debit Income Summary $12,000, credit the Retained Earnings account $12,000. debit Income Summary $12,000, credit the Dividends account $12,000.

Answers

Answer:

debit Income Summary $12,000; credit Retained Earnings $12,000.

Explanation:

Based on the information given The entry to close Income Summary is:

Debit Income Summary $12,000

Credit Retained Earnings $12,000

(To close Income Summary)

The economic term that describes the satisfaction that consumers gain from consuming goods and services is

Answers

Answer:

utility

Explanation:

Answer:

Utility

Explanation:

I got the answer right on my test

A conservation organization conducted several negotiations with the government to prevent the dissemination of mercury in several food products. Since the negotiations with the government were unsuccessful, the organization prepared a press release and used its website, social media, and email to reach its audiences to support its cause. The term used to define the organization's approach is ________ lobbying because it resorted to indirect tactics to achieve its goal.

Answers

Answer:

grassroots

Explanation:

From the question we are informed about A conservation organization conducted several negotiations with the government to prevent the dissemination of mercury in several food products. Since the negotiations with the government were unsuccessful, the organization prepared a press release and used its website, social media, and email to reach its audiences to support its cause. In this case, the term used to define the organization's approach is grassroots lobbying because it resorted to indirect tactics to achieve its goal.

Grassroots lobbying can be regarded as an approach which is separated from direct lobbying using the act or process that involves asking out general public so they can contact legislators as well as government officials partaining to any issue that is at hand, this act is different from conveying the issue or message at hand directly to the legislators.

At Tuxedo Park Tire and Rubber, a number of striking workers are picketing at the plant entrance. Because the picketers have started threatening people entering the plant and are vandalizing some company property, Tuxedo Park management believes it has just cause to ask the courts for a(n) ________ placing limits on the number of pickets and their actions while picketing. Multiple Choice preemptive judgment writ of contention arbitration judgment injunction

Answers

Answer:

Injunction

Explanation:

An Injunction is a court order requiring a person or a group of persons to desist from carrying out certain activities. If the person or group of persons desist from obeying the  injunction, the individual(s) are in contempt of the court

Types of injunctions

Permanent InjunctionsTemporary restraining orders Preliminary injunctions.

The striking workers are affecting the activities of the company they work for. The next step the company is supposed to take is to take legal actions to stop the striking workers. this can be achieved with an injunction

_______ unacceptable behavior may provide quick results but may lead to undesirable long-term side effects, such as employee dissatisfaction and increased turnover.

Answers

Answer:

Punishing

Explanation:

Punishing is the non-acceptable behavior that might give the fast results but at the same time it would result in the non-desriable side effects for the long term like dissatisfaction of the employee, turnover increment

So as per the given situation, it is the situation of the punishment

hence, the same should be relevant

The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question. has financial and nonfinancial measures. has multiple perspectives. has key indicators measured by all companies. has a focus on customer satisfaction. can only be used by small companies.

Answers

Answer:

has financial and nonfinancial measures.

has multiple perspectives.

has a focus on customer satisfaction.

Explanation:

A balanced scorecard is a strategic management performance metric in which it helps the companies to identifying and improve the operations internally for helping out the external results. Also at the same time it determined the performance data related to the past and according to this it gives the feedback so that better decisions could be carried out

So as per the given options, the above 3 options should be selected

Answer:

has financial and nonfinancial measures.

has multiple perspectives.

has a focus on customer satisfaction.

Explanation:

Even though there are many state-owned businesses in China, many Western businesses feel that they should still invest in the country because

Answers

Answer:

The nation is moving toward a market-based system

Explanation:

Capital

This is simply tools, equipment, machinery, and buildings used to produce goods and services.

Economic System

This is simply refered to as the way or method used by a society to allocates its resources (land, labor, capital and entrepreneurship) to satisfy its needs.

Command economy

This is known as an economic system that depends on the central government to make all of the decisions in terms of supply and demand rather than allowing the market to freely identify consumers' demands and industry's ability to supply

If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of popsicles

Answers

Answer:neither does

Explanation:

A document that refers to a customer billing for merchandise bought on credit is called a(n):

Answers

Answer:

Invoice

Explanation:

A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.

An invoice can be defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.

In conclusion, a document that refers to a customer billing for merchandise such as finished goods like television, smartphone, shirt, trouser, cup, radio, furniture, etc., bought on credit is called an invoice.

In Silicon Valley, California, it is not unusual for highly skilled employees to stay at one company for about three years. These specialized employees have a mind-set for rapid promotion. They believe that they have only themselves to blame if these high goals are not met. William Ouchi would categorize the management style that these employees operate under as Multiple Choice Type A. Type B. Type J. Type Z.

Answers

Answer:

Type A.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

William G. "Bill" Ouchi is an American professor who was famously known for his Theory Z in business management.

According to William Ouchi, the management style that the employees described in this scenario operate under is Type A.

. My typing speed isn't as fast as I would like, but this position doesn't require me to use the computer. b. To tell the truth, I become frustrated with lazy coworkers who don't pull their own weight. c. I've worked hard to eliminate every weakness, and I am confident you will find me the perfect employee for this position. d. Some people complain that I'm a workaholic with nearly too much passion for this field.

Answers

Answer:

b

Explanation:

Assuming all other factors remain constant, if fixed costs increase, then the break-even point will:

Answers

Answer:

Results are below.

Explanation:

To calculate the break-even point, the following formula is required:

Break-even point in units= fixed costs/ contribution margin per unit

Contribution margin per unit= selling price - unitary variable cost

If the fixed costs increase and the unitary contribution margin remains constant, the company would have to sell a larger amount of units to cover the fixed costs.

For example:

Fixed costs0= 120,000

Fixed costs 1= 140,000

Unitary contribution margin= 40

Break-even point in units= 120,000/40= 3,000

Break-even point in units= 140,000/40= 3,500

Rudy Company reports gross sales revenue of $5.2 million, net sales revenue of $5 million, and cost of goods sold of $3 million. Rounding to the nearest percent, the company's gross profit ratio would be

Answers

Answer:

40 %

Explanation:

Gross Profit ratio = Gross Profit / Net Sales x 100

where,

Gross Profit = Net Sales - Cost of Sales

                     = $2 million

thus,

Gross Profit ratio = $2 million/ $5 million x 100

                              = 40 %

The company's gross profit ratio would be 40 %

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