In anticipation of the college's athletic banquet, Lauren considered purchasing gifts for several members of the athletics club who had put a lot of time and effort into making it such a successful program. Lauren decided to buy roses for the women and a leather-bound portfolio and resume paper combination for the men. Which of the following scenarios corresponds to cross-price elasticity? A. Lauren worked overtime last week and made more money. As a result, she decided to purchase the more expensive portfolios that have the university logo on the front, and she decided to buy one more than she had originally planned. B. A local high school's prom is also the same weekend as the ceremony, so the price of roses has increased. C. Lauren cannot decide which color of roses to buy because they are all priced the same. D. The price of resume paper has decreased. Because of this, Lauren can now afford to purchase more paper and an additional portfolio and still be within her budget for gifts.

Answers

Answer 1

Answer: d. The price of resume paper has decreased. Because of this, Lauren can now afford to purchase more paper and an additional portfolio and still be within her budget for gifts.

Explanation:

Cross price elasticity has to do with how the quantity demanded of a particular good or service is affected by price of another different good or service which could either be a complement of the good or its substitute.

Therefore, the option that denotes a cross price elasticity based on the definition above would be the price of resume paper has decreased. Because of this, Lauren can now afford to purchase more paper and an additional portfolio and still be within her budget for gifts.


Related Questions

If the value of risk-sensitive assets exceeded that of its liabilities, the bank's profit from the interest rate will:_____

a. Increase
b. Decrease

Answers

Answer:

Increase

Explanation:

The rate of a bank work or performance is mostly acted upon or influenced by the interest payments earned on its assets (loans and investments) relative to the interest paid on its liabilities (deposits). Bank will get profit from increasing interest rates only if the said assets have floating (adjustable) rates.

When the value of risk-sensitive assets is beyond that of its liabilities, the bank would profit from increase in interest rates.

Suppose you receive the following end-of-year cash bonuses at work: end of year 2: $4,000 end of year 4: $6,000 end of year 6: $10,000 end of year 8: $12,000 If you invest your bonuses and earn 12% on your investments, how much will you have at the end of year 12

Answers

Answer:

the amount that have at the end of year 12 is $65,899.63

Explanation:

The computation of the amount that have at the end of year 12 is shown below:

Future value = Present value × (1 + Interest rate)^number of periods

= $4000 × (1 + 12%)^10 + $6,000 × (1 + 12%)^8+ $10,000 × (1 + 12%)^6 + $12,000 × (1 + 12%)^4

= $65,899.63

hence, the amount that have at the end of year 12 is $65,899.63

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Abbott, Inc., issued $50,000 of bonds, paid cash dividends of $8,000, sold long-term investments for $12,000, received $5,000 of dividend revenue, purchased treasury stock for $5,000, and purchased new equipment for $19,000. What is the net cash flow from financing activities?

a. $70,000 inflow.
b. $27,000 inflow.
c. $90,000 inflow.
d. $20,000 outflow.

Answers

Answer:

$27,000

Explanation:

            Cash flow from financing activities

Particulars                                     Amount

Bond issued                                  $50,000

Less: Cash dividend payment      $8,000

Less: Treasury stock purchase     $15,000

Net cash-flow from financing      $27,000

activities

The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can be combined to find the:__________

Answers

Answer:

Controllable variance

Explanation:

The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved

Hence, as per the given situation, the controllable variance is to be considered

Therefore the above represents the answer

Last year Ellen received $75,000 in compensation from her employer who also agreed to pay her Social Security taxes of $4,650 and Medicare taxes of $1,088 without deducting them from her wages. Based solely on these facts, what amount must Ellen include in her income

Answers

Answer:

Ellen's AGI = $80,738

Explanation:

Since Ellen's employer paid for her share of FICA taxes, we could consider them as taxable fringe benefits. As such, they must be included in Ellen's AGI for the current in order to determine her total taxable income = salary + social security taxes + medicare taxes = $75,000 + $4,650 + $1,088 = $80,738

The amount Ellen must include in her income is $80,738.

Data and Calculations:

Annual employment compensation = $75,000

Social security taxes paid by employer = $4,650

Medicare taxes paid by employer = $1,088

Thus, the amount Ellen must include in her income is $80,738 ($75,000 + $4,650 + $1,088).

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If I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me ______________. If there was a commission fee back then of $75, the total cost of this investment would have been _______________.

Answers

Answer:

if I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me $3,025. If there was a commission fee back then of $75, the total cost of this investment would have been $3,100

Explanation:

In January , 1998. the quote per share was $30.25

The cost for 100 shares will be

=$30.25 x 100

=$3,025

Total cost including commision

=$3,025 + 75

=$3,100

The U.S. Securities Act focuses on investments through the
a. Preferred market.
b. Common market.
c. Secondary market.
d. Primary market.

Answers

Answer: c. Secondary market.

Explanation:

The U.S. Securities Act was passed in 1933 in the aftermath of the Great Depression which saw the Stock market crash and investors lose massive amounts of money.

The Act is meant to regulate the activities of the Stock market which is where stocks that have already been issued are traded. This means that the stock market is a secondary market therefore the Act focuses on investments through the secondary market.

Think about a small business you might enjoy opening. Typical examples might be a restaurant, specialty clothing store, or professional service. Assume that it will be in a monopolistically competitive market structure. How will you specifically differentiate your product from others in the market

Answers

Answer:

Explanation:

When opening a business in a monopolistically competitive market structure it is incredibly difficult to compete and find a loyal customer base to make a profit. The best way to differentiate your product would be to personalize it as much as possible for every client. Personalizing not only the product but the shopping experience for each individual client makes that client feel special and cared about. This helps convince them to purchase this product from you as opposed to a competitor. Therefore, slowly increasing your loyal customer base.

explain any five opportunities of
foreign employment

Answers

Five opportunities of foreign employment include :

Higher salaries and benefits Career adavncements Cultural immersion Language learning Personal growth

How can foreign employment be beneficial ?

One of the most significant opportunities of foreign employment is the potential for higher salaries and better benefits.  Foreign employment can also provide opportunities for career advancement, particularly for professionals in industries like technology, finance, and healthcare.

Working in a foreign country can also provide an opportunity for cultural immersion. Foreign employment can also provide an opportunity to learn a new language or improve existing language skills.

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Which of the following is not an attribute of a Limited Partnership?

The limited partner is authorized to make business decisions on behalf of the general partners.
Limited partnerships do not share in the risk of the company beyond the amount of their investment.
Limited Partners cannot sell their interest in the business without notifying the general partners.
Limited Partners are paid a dividend on profits earned by the company.

Answers

Answer:

The limited partner is authorized to make business decisions on behalf of the general partners.

Explanation:

A limited partner also knows a silent partner. The limited partner enjoys limited liability to the debts of the business. They are called silent partners because they do not participate in running the business affairs. A limited partner contributes capital to the partnerships and allows the general partner to manage the business affairs.

Since a limited partner enjoys limited liabilities to the partnership's debts, they are not allowed to make business decisions. The general partners with unlimited liabilities run the business and make all the decisions.

During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,330, Job 2 $1,750, Job 3 $1,700, and general factory use $1,220. Prepare a summary journal entry to record factory labor used.

Answers

Answer and Explanation:

The journal entry to record the usage of the factory labor is as follows;

Work in process ($2,330 + $1,750 + $1,700) $5,780

Manufacturing overhead $1,220

              To Factory labor $7,000

(Being the factory labor used is recorded)

Here the work in process and manufacturing overhead is debited as it increased the asset and increased the expenses while on the other hand the factory labor is credited

On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its customers. On Jan 15 in the next year, a check in the amount of $600 was unexpectedly received from this customer. Management does not expect any future collections from this customer. The company uses the direct write-off method to account for its uncollectible accounts.
Prepare the necessary journal entry on January 15 to record the events by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns.
Prepare two separate journal entries. The first journal entry is to record the reinstatement of the account receivable and the second is to record the receipt of cash.
View transaction list
Journal entry worksheet
< 1 2 >
Prepare the journal entry to record the reinstatement of the account receivable

Answers

Answer:

a. Journal entries to record the reinstatement of the account receivable

Account Title and Description                           Debit     Credit

Account receivable account                                $600

       Allowance for Doubtful Accounts account                $600

(Reinstatement of the account receivable)

b. Journal entries to record the receipt of cash

Account Title and Description             Debit     Credit

Bank Account                                        $600

        Account receivable account                        $600

(Receipt of cash)

Two investment centers at Marshman Corporation have the following current year income and asset data
Investment Center A 440,000 2,900,000
Investment Center B 550,000 2,200,000
Investment center income
Investment center average invested assets $ $ $
The return on investment (ROI) for Investment Center A is:___________

Answers

Answer: 15.17%

Explanation:

Based on the information provided in the question, the Return on investment would be calculated as:

= Net income / Average assets

Therefore, The return on investment (ROI) for Investment Center A would be:

= 440000 / 2900000 × 100

= 15.17241%

= 15.17%

Budgeted fixed manufacturing cost was $890,000 for 40,000 units or 100,000 hours, Actual fixed overhead totaled $910,000. The standard fixed production overhead cost per direct-labor hour was: _________$

Answers

Answer:

Estimated fixed overhead= $8.9 per direct labor hour

Explanation:

Estimated overhead cost= $890,000

Standard hours allowed= 100,000 hours

To calculate the fixed estimated overhead per standard hour, we need to use the following formula:

Predetermined fixed manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined fixed manufacturing overhead rate= 890,000 / 100,000

Predetermined fixed manufacturing overhead rate= $8.9 per direct labor hour

The future value of a dollar
1. increases with lower interest rates
2. increases with higher interest rates
3. increases with longer periods of time
4. decreases with longer periods of time

Answers

Answer:

C. 2 and 3

Explanation:

Note: Options to the question are as follows "A. 1 and 3 , B. 1 and 4, C. 2 and 3, D. 2 and 4.

FV = PV(1 + r)^t

Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time.  Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.

Thus, Option c is correct.

Louise purchased her primary residence for $240,000. As part of the closing procedure, she paid $2,300 in a loan origination fee, $750 to a lawyer to review the purchase contract and other closing papers, $150 for a property survey, and $800 for title insurance. She also gave the real estate agent a $75 gift basket in appreciation for his hard work. What is Louise's basis in the residence

Answers

Answer:

$241,700

Explanation:

Luoise's basis in her house = purchase price + any costs associated and necessary to complete the purchase process = $240,000 (price of the house) + $750 (lawyer's fees) + $150 (property survey) + $800 (title insurance) = $241,700

In order to determine a house's basis, you must assume that you are purchasing the house using cash, no fees directly related to a mortgage are included, nor gifts to real estate agents.

Pauley Company needs to determine a markup for a new product. Pauley expects to sell 25,000 units and wants target profit of $20 per unit. Additional information is as follows:
Variable product cost per unit 17
Variable administrative cost per unit 12
Total fixed overhead 23,500
Total fixed administrative 42,000
Using the variable cost method, what markup percentage to variable cost should be used?

Answers

Answer:

69 %

Explanation:

Mark up is Gross Profit expressed as a percentage of Total Costs.

When using variable costing, only the variable costs are used to determine the Product Cost.

Product Cost = Variable product cost per unit + Variable administrative cost per unit

                      = $17.00 + $12.00

                      = $29.00

Therefore,

Mark up = Profit ÷ Total Variable Cost

              = $20.00 ÷ $29.00

              = 0.69 or 69 %

Critics of the North American Free Trade Agreement argued that opening our borders to free trade with Mexico would result in U.S. firms moving all of their factories to Mexico and the U.S. running large trade deficits with Mexico. Comment on the concerns of these critics using your knowledge of international trade and net capital flows. This criticism should _______________________

Answers

Answer:

The criticism is true to a certain degree, and unjustified to another degree.

Explanation:

It is true in the sense that the U.S. has indeed lost a lot of manufacturing to Mexico, simply because Mexico has far lower labor costs, and U.S. manufacturers have decided to take advantage of that by taking their plants to Mexican states.

It is also true that Mexico has been running a trade surplus with the United States in recent years, mainly because of the large manufacturing sector that Mexico has been developing.

On the other hand, the criticism is unjustified because neither a trade deficit nor the moving of manufacturing to Mexico mean that the United States as a whole is in worst condition than before NAFTA. In fact, most economists agree that free trade is a good thing for the economy as a whole, and that most people benefit from the lower costs and specialization that trade brings about.

The problem lies then, in the people who lose their jobs: formerly unionized manufacturing workers from the Rust Belt, for example. These people need to be helped with government assitance, both in terms of welfare, and training, so that they can find new jobs and make ends meet in the meanwhile.

An investment project provides cash inflows of $705 per year for eight years. What is the project payback period if the initial cost is $1,900

Answers

Answer:

2 years and 8 months

Explanation:

The payback period is the length of time required for thee total cashflows to equal the Initial Capital Investment.

Payback = $1,900

Therefore,

$1,900 = $705 + $705 + $490

Which is 2 years and 8 months ($490/ $705 × 12)

Conclusion :

The project payback period is 2 years and 8 months

In January 2019, • labor force participation in the United States was 62.3%. • official unemployment was 4.1%. • the proportion of short-term unemployment (14 weeks or less) in that month on average was 68.9%. • moderately long-term unemployment (15-26 weeks) was 12.7%. • very long-term unemployment (27 weeks or longer) was 18.4%. Based on these statistics, what proportion of the labor force was unemployed very long term in January 2019, to the nearest tenth of a percent?

Answers

Answer:

0.8

Explanation:

Proportion to labor force unemployed very long term = Unemployment rate * Very long unemployment

Official unemployment = 4.1%

Very long-term unemployment (27 weeks or longer) was 18.4%.

Proportion to labor force unemployed very long term = 4.1 * 18.4% =  4.1 * 0.184 = 0.7544 ≅ 0.8

So, based on these statistics, the proportion of the labor force for unemployed very long term in January 2019 is 0.8

Segment management is best suited for: _____________

a. small-to-medium businesses
b. large businesses
c. businesses who already identify customers individually and differentiate them by value
d. businesses who do not yet identify or differentiate their customers individually
e. a, b, and c
f. a, b, and d

Answers

Answer:

Segment management is best suited for: _____________

d. businesses who do not yet identify or differentiate their customers individually

Explanation:

Segment management is aimed at grouping customers according to their individual characteristics and value so that maximum benefits can be derived by the customers and the profitability of the company will be impacted positively in the long-term.  A business that can identify customers individually and differentiate them by value is already doing segment management.  It is the business that does not yet identify or differentiate their customers that should embrace segment management.

Which of the following is not public sector undertakings?
1. Rastriya Bima Sasthan
2.Hotel Himalayan
3.Nepal Telecom
4.DDC​

Answers

Answer:

DDC is not a public sector

Work with delivery teams that are implementing the solution to ensure the technology features are appropriate. Ensure alignment between technology deliverables of a solution and the business goals. Engage with decision-makers to identify the business goal and the capabilities that need improvement. Prepare the budget for the endeavor into the cloud.

Answers

Answer:

Note: The full question is attached as picture below

Cloud architects typically carry out 3 major tasks as listed below:

Task 1: Prepare the budget for the endeavor into the cloud.

Task 2: Configure and build the cloud environment for the company to ensure everything is setup as the design intended.

Task 3: Work with delivery teams that are implementing the solution to ensure the technology features are appropriate.

Other options are wrong because

- Ensuring alignment between technology deliverable of a solution and the business goals - This is the goal of a project manager or a solution architect.

- Engage with decision-makers to identify the business goal and the capabilities that need improvement - This activity is typically done by the product manager.

Finding out how a product or service will do in a certain market is an example of this use of market research: identify if communications are effective identify if customer needs are being met identify threats and investigate the competition identify value lark this and retum Save and Exit Next​

Answers

Answer:

identify value

Explanation:

Finding out how a product or service will do in a certain market is an example of this "IDENTIFY VALUE" market research. This will help the producers understand and know what the consumers want and the degree of value they placed on their products.

identify if communications are effective is used determine who the consumers are and the type of media preferred.

identify if consumer needs are being met is used to determine what customers like or dislike about a product or service.

identify threats and investigate the competition is used to determine changes in consumer preferences and competition

Doing business in the financial markets most fundamentally presupposes that _______ will be respected.

Answers

Answer:

Ideas

Explanation:

While doing the business in the financial market the fundamental thing that prior supposed is that of ideas which could be respected

With the ideas of an individual, the individual could accomplish their targets and if there is no ideas than it is impossible to accomplish their goals and objectives

Therefore the ideas would be the answer

What are three different advertising techniques that sponsors use to encourage you to buy a
product? Describe each technique.

Answers

Answer: Three different advertising techniques that sponsors use to encourage people to buy products include emotional appeal, endorsements, and bribery. Emotional appeals could be you NEED this because this could happen to feed off your fear and anxiety, endorsements are when advertisements use celebrities in their brand with their product, and bribery is ads that bribe costumers with lines like 'buy one and get one free' so the costumer consumes more products.

The three different types adverstising techniques that sponsors use to encourage you to buy a product are :

ethoslogospathos

Ethos

It is a persuasive advertising strategies which appeals to the character or the credibility of the product.

It shown how the organization is honest and credible to their customers.

Logos

This advertising technique appeals to the reason or to the logic which encourages a customer to buy a product.

Pathos

This technique of advertising attempts a sense of emotional responses in the mind of the customer.

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Which of the following correctly pairs the levels of the federal court system with the types of cases each decides?a) U.S. Supreme Court - trials; U.S. Circuit Court - appealsb) U.S. Supreme Court - appeals; U.S. Circuit Court - trialsc) U.S. Circuit Court - appeals; U.S. District Court - trialsd) U.S. Circuit Court - trials; U.S. District Court - trials

Answers

Answer:

its D

Explanation:

U.S. Circuit Court – trials; U.S. District Court – trials is the correct pair that states about the levels of the federal court system with the types of cases each court decides. Therefore, the option D holds true.

What is the significance of the Court System?

The court system can be referred to or considered as a system which deals with the matters related to judicial justice to the citizens of the United States of America, and the cases that fall under its individual jurisdiction.

There are a number of courts in the federal court system. Some courts like the US circuit court and the District Court entertains only trials; whereas, the Supreme Court deals with trials as well as appeals.

Therefore, the option D holds true regarding the significance of the Court System.

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which method is used to resolve disputed facts to determine the amount of an equitable adjustment when the contractor is clearly entitled to an equitable adjustment (clear proof of injury) and sufficient evidence exists for a fair approximation of the amount of the equitable adjustment (damages)

Answers

Answer:

Total cost method.

Explanation:

The total cost method is defined as the method in which the complete end-to-end cost of fixed, variable, and direct costs of manufactured produced goods and services. This method promotes a higher degree of transparency and effectiveness. This is why this method is employed to bring resolution to the disputed facts by assisting in determining the equitable adjustment amount if he is entitled to it as it involves the complete performance cost.

Outstanding stock of the Nash's Corporation included 30000 shares of $5 par common stock and 8000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Nash's declared and paid dividends of $1500. In 2020, Nash's declared and paid dividends of $15000. How much of the 2020 dividend was distributed to preferred shareholders

Answers

Answer:

$4,000

Explanation:

Calculation of Dividend distributed to Preferred Shareholder

= $8,000 * 5% * $10 Preferred shares

= $4,000

Thus, $4,000 is the amount of dividend which was distributed to preferred shareholders

What is the prime reason that Jenny's discretionary income is more volatile than her salary?
A. Her cost of living is affected by high inflation in the neighborhood
B. Her tax rate remains 30%
C. Her mortgage payments and necessities are fixed
D. Her discretionary income and salary are equally volatile

Answers

Answer:

c. Her mortgage payments and necessities are fixed

Explanation:

Discretionary income is the remaining income after being paid out for all fixed expenses (i.e. Discretionary income = Salary - Mortgage - Income tax etc). The primary reason for variability in it is due to the mortgage payment and fixed expenses from the basic salary received.

So, option c is correct while other options are incorrect as tax does not affect as well as cost of living

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