Which of these is an example of an inelastic good?
A. Medicine
B. Jordans
C. Cell Phone
D. Big Zax Snack

Answers

Answer 1

Answer:

A. Medicine

Explanation:

Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.

Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.


Related Questions

YO GUYS mator12 IS A BIG BABY

Answers

Answer: lol

Explanation:

Kyle has experience in tracking inventory. What company might be interested in hiring Kyle?

a city clinic offering night classes to adults
a grocery store looking for a produce manager
a city manager’s office interested in balancing the budget
a state safety agency looking for an inspector

Answers

Answer:

a grocery store looking for a produce manage

Explanation:

Inventory refers to products a business holds for sale. Tracking inventory will refer to managing inventory movement in and out of business.  A grocery store will need Kyle's experience much more than the businesses. The core business of a grocery store is to sell groceries.

Because Kyle is good at tracking inventory, he will help the store maintain optimal stock levels and guard against losses due to theft and spoilage.

What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio

Answers

The answer is c hoped this helped

which of the following types of attire typically consists of button-down shirt and dress pants for men and blouses and dress pants or skirt for women

Answers

Answer:

The answer is Business casual for  

Explanation:

I just took the quiz

The type of attire that typically consists of a button-down shirt and dress pants for men and blouses and dress pants or skirts for women is business casual.

Which of the following types of attire typically consists of button-down shirt ?

This dress code is commonly used in professional settings where a certain level of formality is expected but not as strict as a formal business attire.

Business casual attire for men usually involves a collared shirt such as a dress shirt, polo shirt, or a button-down shirt. Dress pants such as khakis, chinos, or wool trousers are appropriate, and leather shoes, such as loafers or dress shoes, are recommended. However, a tie is optional.

For women, business casual attire typically includes blouses or collared shirts, dress pants, or skirts. Skirts should be knee-length or longer, and pants should be tailored and not excessively tight or revealing. Shoes should be closed-toe and comfortable, such as loafers, flats, or heels with a moderate height.

Overall, business casual attire is a versatile dress code that balances professionalism with comfort and flexibility. It is commonly used in office settings, meetings, and other business-related events where a formal dress code is not required.

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What is the key difference between a transaction account (checking) and a time deposit (savings, CD, etc.)?

Answers

Answer:

A checking account is operated using a cheque book while a time deposit is operated by the use of a pass book

Explanation:

Here, we want to examine the difference between a transaction account and a time deposit account.

While both of these are accounts types used in banks, there are some key differences between them.

For a checking account, it is operated using a cheque book to request for funds inside while bearing a very little amount of interest due to the fact that withdrawals can be effected regularly.

For a time deposit account, although it bears a small difference with normal savings account due to the fact that the interest rate is lower. However, the difference here is that a passbook is used in requesting funds from it and it bears a higher interest rate compared to a checking account

You lost $65,000 out of your original $105,000 investment. What percentage of your initial investment was lost?

Answers

Answer:

The answer is 62% (B)

Explanation:

The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.

Also, I just got this question and I got it correct.

Hope this helps!!

Percentage of lost in initial investment is 61.90%

Given that;

Amount lost = $65,000

Original investment = $105,000

Find:

Percentage of lost in initial investment

Computation:

Percentage of lost in initial investment = [Amount lost / Original investment]100

Percentage of lost in initial investment = [65,000 / 105,000]100

Percentage of lost in initial investment = 61.90%

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Using the Supply and Demand data below, graph the equilibrium price and quantity for the market for oats. Identify the equilibrium price and quantity. (DO NOT list every price and quantity in your graph.)



Price

Quantity demanded

(bushels of oats)



Price

Quantity supplied

(bushels of oats)

$4.40

10,000

$4.40

40,000

4.20

15,000

4.20

35,000

4.00

20,000

4.00

30,000

3.80

25,000

3.80

25,000

3.60

30,000

3.60

20,000

3.20

35,000

3.20

15,000





Equilibrium Price $
Equilibrium Quantity



Describe the market at a price of $4.20.

At $4.20, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.



Describe the market at a price of $3.60

At $3.60, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.



Describe the market at a price of $3.20

At $3.20, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.

Answers

Answer:

Id say probably 46 for this one

Explanation:

just took the test

Jonah had $25 to spend. He
decided to buy a new shirt
instead of going to the
amusement park with his
friends, Jonah has: purchased a
service, made an economic
tradeoff, made a poor
economic decision, or ignored
the concept of scarcity

Answers

Answer:

ignored  the concept of scarcity

Ollver is the vice president of production at his company and has been managing the launch of nen software systems. He worked with a

team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the

product. Which department managers were part of Oliver's team

Oliver's team induded the

manager, who would handle product awareness, and the

manager,

who would handle potential purchasers of the product

Answers

Answer:

Part 1. Marketing Department

Part 2. Sales Department

Explanation:

The Marketing department is the one which is responsible for creating product awareness among the target market segment customers. The marketing department assesses the best option to approach the customers present in the market segment. The option that will generate greater product awareness and is less costly to the organization is the best option that the market department tries to find to reach customers.

On the other hand, the Sales department is responsible to approach its potential customers to ensure that sales targets are met. They are the ones who will finalise the dealings between the company and the customer to sell the products or services.

Answer:

its advertising and sales

Explanation:

i took the test and got it right

Researchers conducted a study to determine the monthly rental cost of rent-controlled apartments in the five boroughs of New York City in 2012. The study randomly sampled 157 apartment records from the Bronx, obtained from a large collection of income- and expense-filing statements. The 95% confidence interval of rent-controlled apartment costs in the Bronx was $917.00 ± $22.10. The cost of all rent-controlled apartments in the Bronx has a standard deviation of $73.70. State the conclusion of the z-confidence interval for the mean. Researchers are certain that the interval ($894.90, $939.10) contains the mean.

Answers

Question Completion:

Researchers are ________certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____. (

all rent-controlled apartments in New York City.

all rent-controlled apartments in Bronx.

the 157 apartments in the sample.

all apartments in Bronx)

Answer:

Researchers are ___95%_____certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____.

all rent-controlled apartments in Bronx.

Explanation:

The 157 samples were from the Bronx, "obtained from a large collection of income- and expense-filing statements."  The concentration of the study was on "rent-controlled apartments in the Bronx."  So, the study or research is specific.  Therefore, the generalization from its findings can only be specific to the Bronx borough of New York City and affecting only rent-controlled apartments.



7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add

microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.


Besides the original investment, the company estimates it would spend $200,000 per year on production

costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens

each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent

interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.

Answers

Answer:

You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.

Explanation:

alternative 1, build and sell microwave ovens:

initial outlay = $500,000

net cash flow per year = $225,000 - $200,000 = $25,000

alternative 2, invest in US securities:

investment = $500,000

net cash flow per year = $500,000 x 10% = $50,000

Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.

If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.

Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.

You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.

The calculation is as follows:

alternative 1, build and sell microwave ovens:

initial outlay = $500,000

So,

net cash flow per year = $225,000 - $200,000 = $25,000

now

alternative 2, invest in US securities:

investment = $500,000

net cash flow per year = $500,000 x 10% = $50,000

In the case when  you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000

= -$25,000.

Now

Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000

= $25,000.

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HELP ME PLEASE !!!

which of the following is a benefit that computer technology has provided to the realm of financial administration?
a. financial records can be searched more easily
b. less data availability
c. less security of financial records
d. slower data entry

Answers

Answer:

a. financial records can be searched more easily

Explanation:

Computer technology has aided in the automation and integration of an organization's financial records in a single system. A business's financial data relating to several financial years are accessible from a single computer. Computer technology has made it easy to collect, analyze, report, and interpret financial records.

Through computer technology, financial records are organized and stored in a manner that is easy to retrieve. It takes very little time to access the required financial information as long as it was labeled correctly and stored.

Answer:

1 selling stock before telling about the downfall one

2 A or financial records can be searched more easily

3 crowdfunding

4 forecast

Write a short paragraph describing the benefits of working as a team to complete a project.

Answers

Answer:

A group of people who have to achieve common goal is known as team. If we work in team it increases our creativity and learning, it also builds trust. It boost the particular person when we work in team. We can also learn faster. There are more chances of getting success in particular area if we work in team. As there is saying, " together we can achieve more what each of us can achieve." It also enhances productivity and capability.

How much would $2000 dollars earn in 1 year at a rate of 4.4% compounded annually?

Answers

Answer:

2,088

Explanation:

Use calculator and do 2000(1.044)^1

Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.


Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)

Answers

Answer:

May 31, 202x, 23,500 units completed and transferred out

Dr Finished goods inventory 2,984,500

    Cr Work in process 2,984,500

Explanation:

beginning WIP 5,400 units

materials $17,300

conversion $329,940

ending WIP 3,600 units

materials 100% complete

conversion 80% complete (2,880 EU)

units completed and transferred out 23,500

units started and completed 18,100

costs added during the period

materials $497,600

conversion $2,519,100

total costs

materials $514,900

conversion $2,849,040

total EU

materials 18,100 + 5,400 + 3,600 = 27,100

conversion 18,100 + 5,400 + 2,880 = 26,380

cost per EU

materials $514,900 / 27,100 = $19

conversion $2,849,040 / 26,380 = $108

total = $127

costs assigned to finished units = $127 x 23,500 = $2,984,500

In a society with a market economy, property rights are generally enforced by
A. the banks
B. the courts
C. the producers
D. the consumers

Answers

Answer:

ccccccccccccccccccccccc

Explanation:

how do banks benefit of giving people loans

Answers

Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.

Explanation: Hopefully this helped!

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It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit. I agree with the other person it was on the internet. Hope this helped :)

Attorneys suing Chiquita believe that the most ethical choice for a company facing violent threats at an overseas business unit is to: a.make questionable payments to political groups. b.offer bribes to top leaders of the host country. c.do nothing. d.suspend all business activities and exit the country.

Answers

Answer: d. suspend all business activities and exit the country.

Explanation:

Chiquita Brands International is simply a multinational corporation that delas with fruit production. While in Columbia, the company was involved in bribery which was due to the political unrest in the country.

In order to keep the guerilla fighters away from their workers, Chiquita has to bribe them which later resulted in a court case. Attorneys suing Chiquita believe that the most ethical choice for a company facing violent threats at an overseas business unit is to suspend all business activities and exit the country.

The most ethical choice for a company facing violent threats for option d.

Ethical choices:

Chiquita Brands International should be the multinational corporation that deals with the production of fruit . While in Columbia, the company was included in bribery because of the political unrest in the country. For keep the guerilla fighters away from their workers, Chiquita has to bribe them that leads in a court case.

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What are the accounting heads that appear on the credit side of the T accounts?

Liability,(blank), revenue, gains, and capital (equity) accounts have credit balances in the T account.

Answers

Answer:

capital(equalty)

Explanation: I think this is the answers?

At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, she earned $82. On Thursday, she earned $78. How much must Polly earn on Friday, to have average earnings of $75 a day?

Answers

Answer:

Your answer is that she needs to earn $148 on Friday

Explanation:

Calculate Average:

(67 + 82 + 78) / 4 = 56.75    (Remember 67 is worth Monday and Tuesday)

We know that the number that the 4 numbers add up to has to be divisible by 5 because our we need to average 75 and we have 5 days to average on.

5 x 75 = 375

67 + 82 + 78 = 227

375 - 227 = 148

(67+82+78+148) / 5 = 75

Your answer is that she needs to earn $148 on Friday

On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee. The entry to record this transaction would include a A : credit to Service Charge Expense of $20. B : debit to Cash of $1,000. C : debit to Service Charge Expense of $20. D : credit to Cash of $980.

Answers

Answer:

C : debit to Service Charge Expense of $20

Explanation:

The complete journal entry used to record this transaction would be:

March 17, 202x, sales revenue

Dr Cash 980 (assuming the transaction is processed automatically)

Dr Service charge (or Credit card) expense 20

    Cr Sales revenue 1,000

Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.

Is it abc or cba
I wanna know thanks bro

Answers

Answer:

If your talking about Alphabetical order, it's ABC.

If your talking about anything else, it might be CBA.

Explanation:

If answer is 1, Go along with the alphabet.

ABCDEFGHIJKLMNOPQRSTUVWXYZ.

If it's two, (I actually don't know.)

Which are costs of a college education? Check all that apply.

•tuition

•federal grants

•books and fees

•room and board

•student loan interest

•academic scholarships

Answers

-tuition (you need to pay for your education)

-books and fees (materials you need and other miscellaneous fees)

-room and board (you obviously need a place to stay while in college)

-student loan interest (if you opt to get a loan instead of paying for your tuition on the spot)

The cost for college education are tuition, books and fees, room and board, student loan interest.

What is a cost?

A cost is the value of money that has been expended to create something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of a purchase cost, the money spent on the acquisition is considered the cost. In this instance, money is the resource used to obtain the item.

The cost of a college education involves:

tuition - The fees we need to pay for our education.books and fees - The materials we need and other miscellaneous fees.room and board - We obviously need a place to stay while in college.student loan interest - If we opt to get a loan instead of paying for our tuition on the spot.

Therefore, all the cost required for a college education is mentioned above.

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Damerly Company (a Utah employer) wants to give a holiday bonus check of $350 to each employee. Since it wants the check amount to be $350, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 5% Utah income tax must be withheld on supplemental payments.

Answers

Answer:

$350

Explanation:

Calculation for the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative

Social Security rate 6.20%

Medicare rate 1.45%

Federal Income tax 22.00%

State income tax 5.00%

Total tax percentage 34.65%

Calculation for the Required gross bonus

Required gross bonus =$350/(1-34.65%)

Required gross bonus=$350/1-0.3465

Required gross bonus=$350/0.6535

Required gross bonus=$535.57

Gross bonus amount $535.57

Federal Income tax withheld (117.82) ($535.57*22%)

OASDI tax withheld (33.20)

($535.57*6.2%)

HI tax withheld (7.76)

($535.57*1.45%)

Utah Income tax withheld (26.77)

($535.57*5%)

Take home bonus check $350.00

Therefore the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative will be $350.00

list any 5 important of wetland​

Answers

Answer:

Wetlands are highly productive and biologically diverse systems that enhance water quality, control erosion, maintain stream flows, sequester carbon, and provide a home to at least one third of all threatened and endangered species. ... improve water quality. provide wildlife habitat. maintain ecosystem productivity.

Answer:

Wetlands...

- protect and improve water quality by filtering water

- Provide fish and wildlife habitats

- Store floodwaters

- Maintain surface water flow during dry periods

Explanation:

Edge notes 2020.

A process for making financial decisions is called _____.

Answers

Answer:

ouybouybo

Explanation:

Sparkling Water, Inc., expects to sell 3.7 million bottles of drinking water each year in perpetuity. This year each bottle will sell for $1.46 in real terms and will cost $.82 in real terms. Sales income and costs occur at year-end. Revenues will rise at a real rate of 1.7 percent annually, while real costs will rise at a real rate of .8 percent annually. The real discount rate is 5 percent. The corporate tax rate is 25 percent. What is the company worth today?

Answers

Answer:

approximately $65,238,286

Explanation:

gross profit year 0 = $2,368,000, after tax profit = $1,776,000

gross profit year 1 = [($1.46 x 1.017) - ($0.82 x 1.008)] x 3,700,000 = $2,435,562, after tax profit = $1,826,672

gross profit year 2 = [($1.46 x 1.017²) - ($0.82 x 1.008²)] x 3,700,000 = $2,540,491, after tax profit = $1,905,368

gross profit year 3 = [($1.46 x 1.017³) - ($0.82 x 1.008³)] x 3,700,000 = $2,574,812, after tax profit = $1,931,109

gross profit year 4 = $2,646,550, after tax profit = $1,984913

gross profit year 5 = $2,691,542, after tax profit = $2,018,657

gross profit year 6 = $2,737,298, after tax profit = $2,052,974

gross profit year 7 = $2,783,832, after tax profit = $2,087,368

gross profit year 8 = $2,831,157, after tax profit = $2,123,368

gross profit year 9 = $2,879,287, after tax profit = $2,159,465

gross profit year 10 = $2,928,535, after tax profit = $2,16,401

Using linear regression (using an excel spreadsheet and the data from the first 20 years), the slope of the constant growth line is 39,078x, which represents a $39,078/$1,776,000 = 2.2% growth rate

once we are able to determine an approximate constant growth rate, we can use the formula for the present value of a growing perpetuity:

company's value = NCF year 1 / (Re - g) = $1,826,672 / (5% - 2.2%) = $65,238,286

This software application can be used to organize, analyze, and illustrate data.

Answers

Answer:

its Excel :)

Explanation:

I learned abt it

Answer:

person above me

Explanation:

Short-term bank loans (Select all that apply.) usually have a lower interest rate than long-term debt. usually have a higher interest rate than long-term debt. are not frequently used by large corporations as a significant component of capital structure. are frequently used by large corporations as a significant component of capital structure.

Answers

Answer:

A. usually have a lower interest rate than long-term debt.

D. are frequently used by large corporations as a significant component of capital structure.

Explanation:

A short-term bank loan can be defined as a type of loan that provides quick cash which mainly have a shorter repayment period when compared to a traditional loan.

Basically, when a small business owner (entrepreneur) or start-up needs to finance a temporal personal or working capital requirements but isn't eligible to apply for a line of credit from a bank; he or she can obtain a short-term bank loan.

Short-term bank loans usually have a lower interest rate than long-term debt and are frequently used by large corporations as a significant component of capital structure.

true or false losing inventory for the year ended 31 August 2018 will be closing inventory for the year ended 31 August 2019

Answers

true because they closed

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