if the price elasticity of supply is 0.2, and a price increase led to a 3% increase in quantity supplied, then the price increase is about

Answers

Answer 1

A 15% price rise has occurred.

What does supply price elasticity mean?

The price elasticity of supply measures how responsive a good or service is to supply after a change in market price. According to fundamental economic theory, a good's supply will increase as its price rises. On the other side, when a good's price increases, its supply will decrease.

Supply elasticity gauges a company's or an industry's receptivity to changes in consumer demand for its products. The availability of necessary resources, technical innovation, and the number of competitors providing a comparable commodity or service are some of the factors.

What does a value of 0.2 for pricing elasticity mean?

Price Elasticity of Demand is the most prevalent type of elasticity. This gauges how quickly demand reacts to price changes. The PED is equal to -0.2 if the price of tomatoes rises by 20% and the quantity decreases by 4%.

If the market price is $3, what is the supply's price elasticity?

absolutely elastic

In conclusion, if you set the price at $3, your supply curve would be fully elastic, and any change in price would cause the quantity supplied to move to infinity or zero, depending on whether the price increased or dropped.  A similar extreme scenario is demand that is fully elastic.

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Related Questions

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

A taxi charges $2. 50 for the first mile and $0. 40 for each mile after that. The expression below shows how to find the total cost, in dollars, of a 20-mile taxi ride. 2. 50 0. 40 (20 minus 1) What is the cost of the ride? $9. 50 $10. 10 $55. 10 $58. 0.

Answers

The answer is $10.10. Ten dollar ten cents

Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.

Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?

Answers

Answer:

a) The value of one bond is $837.08.

b) The total amount Tim Horton would raise if all bonds were sold is $83,708.

Explanation:

a) Calculate the value of one bond

This can be calculated as follows:

Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60

Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)

Where;

r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04

n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30

Substituting the values into equation (1), we have:

Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645

Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76

Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32

Therefore, we have:

Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08

Therefore, the value of one bond is $837.08.

b) What is the total amount Tim Horton would raise if all bonds were sold?

Number of bonds expected to be sold = 100

Value of one bond = $837.08

Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708

Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.

Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36

Answers

Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.

To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:

The flat-rate disability amount is $496.36 per month.

The maximum monthly disability benefit is $1362.30.

Krishna's entitlement to a CPP retirement benefit is $660 per month.

To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:

The disability benefit will be the lesser of:

The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.

Let's calculate the disability benefit based on the above formula:

Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)

= min($660, $496.36 + $660 - $496.36)

= min($660, $660)

= $660

Therefore, Krishna will receive a disability benefit of $660 under the CPP.

Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.

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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36

Lupita's company is slowly recovering from the most recent economic recession. While the recession forced her firm to make tough decisions, it also enabled her to reframe her company. What might Lupita have done during the recession that will make the company stronger in the long run

Answers

Some things that Lupita can do to reduce the effects of the recession in her company in the future are:

Making customers a priority. ...Marketing strategies. ...Managing staff, etc

What is a Recession?

This refers to the economic term that talks about the temporary economic decline in a country that sees a reduction in trade.

Hence, we can see that based on the fact that Lupita's company is just recovering from an economic recession, some company policies that she can adopt are prioritizing her customers, improving already existing marketing strategies, etc.

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Describe how water demands might be reduced in agriculture, industry and households.

Answers

Water demand can be reduced in agriculture, industry, and households through a variety of measures, including:

Improving irrigation efficiency. This can be done by using more efficient irrigation methods, such as drip irrigation, and by repairing and maintaining irrigation infrastructure.

Switching to less water-intensive crops. This can be done by planting crops that are native to the region and that are adapted to the local climate.

Reducing water losses in industrial processes. This can be done by using more efficient water-use technologies and by implementing water conservation measures.

Improving water efficiency in households. This can be done by installing water-efficient appliances, fixing leaks, and changing water-use habits.

Agriculture is the largest water user in the world, accounting for about 70% of global water withdrawals. Water demand in agriculture can be reduced by improving irrigation efficiency, switching to less water-intensive crops, and using water-efficient technologies.

Industry is the second largest water user in the world, accounting for about 20% of global water withdrawals. Water demand in industry can be reduced by reducing water losses in industrial processes, using water-efficient technologies, and recycling water.

Households are the third largest water users in the world, accounting for about 10% of global water withdrawals. Water demand in households can be reduced by installing water-efficient appliances, fixing leaks, and changing water-use habits.

By implementing these measures, we can reduce water demand and help to ensure that water is available for future generations.

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3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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how much is williams' annual federal tax liability? enter your answer in the following format: 12,345 hint: answer is between 9,361 and 11,192

Answers

The Williams' annual federal tax liability is $9,190.

To calculate the Williams' annual federal tax liability, we need to determine their taxable income by subtracting the standard deduction from their combined annual income. In this case, their taxable income would be $110,000 - $25,100 = $84,900.

To calculate the federal tax liability, we will refer to the income tax table, which provides tax rates for different income brackets. However, since the specific tax table for the current year is not mentioned, I will use the 2021 tax rates for reference. Keep in mind that tax rates may change annually, so it's essential to consult the most recent tax tables.

Based on the 2021 tax rates for married couples filing jointly, the Williams' tax liability can be calculated using the following brackets:

The first $19,900 of taxable income is taxed at a rate of 10%.

Income between $19,901 and $81,050 is taxed at a rate of 12%.

The remaining income above $81,050 is taxed at a higher rate.

Considering the Williams' taxable income of $84,900 falls within the second bracket, we can calculate their federal tax liability as follows:

10% on the first $19,900: $19,900 * 0.10 = $1,990

12% on the remaining taxable income: ($84,900 - $19,900) * 0.12 = $7,200

Adding the two amounts together, we get $1,990 + $7,200 = $9,190.

Therefore, Williams' annual federal tax liability is $9,190.

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Complete question:

Susan and Stan Williams are a married couple who file joint income tax returns. The income tax table is provided below. Their combined annual income is $110,000 in the previous year. The standard deduction is $25,100 in the U.S. It means that income above the standard deduction is treated as taxable income.

how much is Williams's annual federal tax liability? enter your answer in the following format: 12,345 hint: answer is between 9,361 and 11,192

Imagine you buy five burgers, two books, and a pair of jeans each period. In period 1,
burgers are $5, books are $12, and jeans are $30. In period 2, burgers are $6, books are
$14, and jeans are $28. What is the CPI based on your consumption?

Answers

Answer:

To find the answer, we use the Consumer Price Index (CPI) formula:

CPI = ( Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year ) * 100

In this case, we will assume that the base year is period 1, and the given year is obviously period two.

Now, we simply plug the amounts into the formula:

CPI = ( 6 + 14 + 28 / 5 + 12 + 30 ) * 100

CPI = ( 48 / 47 ) * 100

CPI = 102.13

In other words, the inflation rate for this CPI was 2.13%

How do individuals & business benefit from
economic freedom?

Answers

Answer:

The benefit are

1. free markets,

2. rule of law,

3. protection of private property,

and

4. open trade—

that boost prosperity and reduce costs

Explanation:

Please mark me as brainlist answer

5. Zen wants to become an artist, but artists are not easily employed . What economic influence might impact Zen's decision to choose this career path ? A.Consumer Prices
B. Consumer Spending
C. Unemployment
D. Gross Domestic Product

Answers

Answer:

C. Unemployment

Explanation:

Unemployment is a state where a jobless adult seeks to be hired but cannot find work due to a lack of employment opportunities. The unemployment rate is high when many people are looking for work, but only a few job opportunities are available.

Unemployment is present in every economy but is unevenly distributed in different sectors. In this case, there are few job opportunities for artists. It means the unemployment rate for artists is high. The high possibility of not being employed may influence Zen's decision on his career path.

How is the president pro tempore chosen ?.

Answers

The senator from the ruling party with the longest history of continuous service is traditionally chosen by the Senate to serve as president pro tempore (or "president for a time").

The second-highest ranking official in the United States Senate and senior senator is known as the president pro tempore of the United States Senate (often abbreviated as president pro tem). The vice president of the United States is the president of the Senate (despite not being a senator), and the Senate is required to elect a president pro tempore to preside over the chamber in the vice president's absence, according to Article One, Section Three of the United States Constitution.

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State two advantages of advertising in a newspaper compared to radio advertising.

Answers

Answer:

Radio advertising is come and gone once it plays so people can miss it.

Newspaper advertising is cheaper.

Explanation:

Identify and explain one advantage and one disadvantage of leasing all the equipment used in the business.

Answers

Answer:

Advantage Is You Save Money, Disadvantage Is The Way That There's Not Enough Or Its Not Good Enough

Explanation:

Basically Yea

SND: Aqua Fish Farming Amongst several breeds, Omikou Fish Farm raises and sells golden trout to the food industry. Commercial Food Buyers expect the fish to be in uniform sizes for consumer sales. At the time of sale, the size of golden trout is normally distributed with a mean of 30 centimeters and and a standard deviation of 1.4. Commercial Food Buyer randomly measures one golden trout. What is the probability it's length is 31 centimeters or less?

Answers

The probability that the length of the golden trout is 31 centimeters or less is 0.9332.

The given data:

Mean = μ = 30 centimeters

Standard deviation = σ = 1.4 centimeters

The given distribution is normal distribution which is generally represented as,

N(μ,σ)

Where, μ is the mean of the distribution and σ is the standard deviation of the distribution.

Now we have to find the probability that the length of the golden trout is 31 centimeters or less.

To find the probability, we will standardize the value x = 31 by using the formula of z-score.

z-score formula is given as,

z = (x - μ) / σ

Where,

z is the z-score

x is the value of the random variable

μ is the mean of the population

σ is the standard deviation of the population

By substituting the given values, we get

z = (31 - 30) / 1.4z = 0.71

Now, we have to find the probability of the random variable x is less than or equal to 31, which means we have to find P(x ≤ 31)

We can also write this in terms of z-score, which is P(z ≤ 0.71)

Now, we will find this probability from the standard normal distribution table.

Standard Normal Distribution Table:

The standard normal distribution table is given below:

Calculation:

P(z ≤ 0.71) = 0.7580

We can also write this in percentage form, which is 75.80%.

Therefore, the probability that the length of the golden trout is 31 centimeters or less is 0.9332.

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what is the main purpose of alcohol when doing poly gel nails?

Answers

Answer:

Gel gloss are included stronger components that realize the nail tighter than traditional lacquers and also are solid sufficient to withstand day-to-day wear and tear without damaging, discusses Essie Global Lead Instructor Rita Comment. A few distinctions in between the formula and also your normal lacquer? Gel polishes are much more adaptable, so they withstand chips; Gels are treated under a UV or LED light and brightens treatment in oxygen. Gels have to be eliminated by soaking in acetone for at the very least 10 minutes, while polishes can be quickly wiped away with nail gloss cleaner.

Explanation:

6.4.1 Microsoft Excel Associate Practice - Form A

Answers

In Microsoft Excel, to navigate to the named cell range "AppHeading2" and delete only the contents, leaving the empty cells, you can follow these steps.

What are the steps to follow?

1. Open the spreadsheet where the named range "AppHeading2" is located.

2. Click on the "Name Box" at the top-left corner of the screen (the box that displays the name of the active cell).

3. Type "AppHeading2" into the "Name Box" and press "Enter". This will take you directly to the named range.

4. Once you are in the named range, select all the cells that you want to delete the contents of.

5. Right-click on the selected cells and choose "Clear Contents" from the menu.

6. This will remove the content from the selected cells, leaving them empty.

Note: Be careful when deleting cell contents, as it can't be undone and can result in data loss. Always make a backup of your spreadsheet before making significant changes.

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Full Question:

Although part of your question is missing, you might be referring to this full question: See the attached image.



Navigate to the named cell range AppHeading2 and delete only the contents, leaving the empty cells.

6.4.1 Microsoft Excel Associate Practice - Form A

7. Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of

the SAR? How might that information impact your college selection process?


Please I need help I speak little English

Answers

Answer:

It is on the bottom so you can compare the graduation and retention percentages all together and choose one together.

Explanation:

Because what if the college you want has low graduation rates, that would be bad for you, so by including it on the bottom, you calook at them all together and choose the best for you.

The graduation and retention rates are displayed at the bottom of the Students Aid Report in order to

The Students Aid Report refers to the document that gives a student the basic information that will be vital on knowing the eligibility for the Federal financial aid.

The graduation rate is important as it helps the student to know the quality of the school. It is also vital as it helps the person in knowing the number of students who finish their degrees as at when due.

With the graduation and retention rates for the colleges displayed at the bottom of  the Students Aid Report, students can make right choices about the schools.

In conclusion, with the above information, the student can then choose the best school that he believes will be good for him or her.

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PLEASE HELP !!!

If you are not interested in a particular job, simply ignore efforts the company makes to contact you.

T OR F

Answers

It is false because it's important to maintain a professional and respectful attitude towards potential employers or the company, even if you're not interested in the job. Ignoring their attempts to contact you could harm your professional reputation and future job prospects.

A company is a legal entity that is formed to carry out business activities. It is usually created by a group of individuals who come together to achieve a common goal of providing goods or services to customers in exchange for money.

The purpose of a job provided by the company is to provide individuals with a means to earn a living, develop skills and experience, and contribute to society through their work.

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car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured. this best illustrates which core principle?

Answers

car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured this best illustrates the core principle Risk requires compensation.

Typically, compensation refers to the economic price given to a person in trade for their offerings. In the place of the job, reimbursement is what's earned through employees. It consists of profits or wages similarly to fees and any incentives or perks that include the given worker's role. Repayment Definition. Compensation is the overall coins and non-coins bills which you give to a worker in alternative to the work they do for your business. It's commonly considered one of the largest expenses for organizations with employees. Compensation is greater than an employee's normal paid wages.

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Suppose the cross-price elasticity of demand between goods X and Y is 4. How much would the price of good Y have to change in order to increase the consumption of good X by 20 percent?
suppose the cross-price elasticity of travelling by bus and travelling by train is 0.7. if the price of traveling by bus increases by 40%, how much would the quantity of traveling by train change?

Answers

If the cross-price elasticity of demand between goods X and Y is 4, a 20 percent increase in the consumption of good X would require the price of good Y to change by 5 percent.


Cross-price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. In this case, the cross-price elasticity of 4 indicates that a 1 percent change in the price of good Y leads to a 4 percent change in the quantity demanded of good X. Therefore, to increase the consumption of good X by 20 percent, the price of good Y would need to change by (20 percent / 4) = 5 percent in the opposite direction.

Regarding the second question, if the cross-price elasticity of traveling by bus and traveling by train is 0.7, and the price of traveling by bus increases by 40 percent, the quantity of traveling by train would change by approximately -28 percent.

The positive cross-price elasticity of 0.7 suggests that the goods are substitutes. A 1 percent increase in the price of traveling by bus would lead to a 0.7 percent decrease in the quantity demanded of traveling by train. Therefore, a 40 percent increase in the price of traveling by bus would result in approximately (40 percent * 0.7) = 28 percent decrease in the quantity of traveling by train.


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3. in developing a service blueprint, the flower shop has outlined each step in the delivery process of the service it provides. which characteristic of services is the flower shop attempting to minimize?

Answers

The flower store is attempting to lower the service's variability by creating a service blueprint. The entire process of providing services will be standardized by a service blueprint.

What is Variability of Services?

Services vary greatly in quality since it relies on who offers them, when, where, and to whom. Variability reflects the idea that a service may differ in standard or quality from one provider to the next or from occasion to occasion. It is one of the four characteristics that characterize a service (together with inseparability, intangibility, and perishability). also known as heterogeneity. When you maintain your car at the same garage often, for instance, you might notice variations in customer satisfaction or the efficiency of the work.

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why should the profession selected on the basis of availability of natural and human resources give reason ​

Answers

Answer:

guu tera baje ko tuppi bhayeraaa

5a) Change
the given angle
into
degress-
i) 10ʻl6' 15"​

Answers

Given :

An angle 10 16' 15".

To Find :

The given angle into degrees.

Solution :

We know, 1° = 60' and 1' = 60".

Now,

\(15" = (15\times \dfrac{1}{60})^{'}\\\\15"= \dfrac{1}{4}^{'}=0.25^{'}\)

Now,  total minutes are :

(16 + 0.25)' = 16.25'

Converting 16.25' to degrees.

\(16.25^{'} = 16.25\times \dfrac{1}{60} ^o\\\\16.25^{'} = 0.271^o\)

Therefore, angle in degree is ( 10+0.271 )° = 10.271° .

Gary Levin is the chief executive officer of Mountainbrook Trading Company. The board of directors has just granted Mr. Levin 18,000 at-the-money European call options on the company’s stock, which is currently trading at $105 per share. The stock pays no dividends. The options will expire in five years, and the standard deviation of the returns on the stock is 56 percent. Treasury bills that mature in five years currently yield a continuously compounded interest rate of 3 percent.
Use the Black–Scholes model to calculate the value of the stock options.
Value of option grant?

Answers

The answer is $31.87 per option, so the value of the option grant is $573,660.

To calculate the value of the stock options using the Black-Scholes model, we need to use the following formula:

C = SN(d1) - Xe^(-rT)*N(d2)

where:

C is the value of the call option

S is the current stock price ($105)

X is the exercise price (the same as the stock price, $105)

r is the continuously compounded risk-free interest rate (3%)

T is the time to expiration in years (5 years)

N() is the cumulative normal distribution function

d1 = (ln(S/X) + (r + σ^2/2)T) / (σsqrt(T))

d2 = d1 - σ*sqrt(T)

Plugging in the values, we get:

d1 = (ln(105/105) + (0.03 + 0.56^2/2)5) / (0.56sqrt(5)) = 1.3902

d2 = 1.3902 - 0.56*sqrt(5) = 0.2324

N(d1) = 0.9177

N(d2) = 0.5908

Therefore, the value of the call option is:

C = 1050.9177 - 105e^(-0.03*5)*0.5908 = $31.87

Since Mr. Levin was granted 18,000 call options, the value of the option grant is:

$31.87 * 18,000 = $573,660

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Suppose a perpetuity bond with a face value of $1,000 has a coupon rate of 8%. If market interest rates rise to 12%, the price of the bond:
Question 22 options:
rises to $1,120.
rises to $1,080.
falls to $666.67.
falls to $880.

Answers

The price of a bond is inversely related to market interest rates. When interest rates rise, the price of a bond falls and vice versa. This is because investors will demand a higher yield to compensate for the increased opportunity cost of holding a fixed income security in a rising interest rate environment. In the case of the perpetuity bond with a coupon rate of 8%, its annual cash flow is $80 ($1,000 x 8%).

If market interest rates rise to 12%, investors would expect to receive a higher return on their investment. In order to achieve this, the price of the bond would have to fall until its yield matches the market rate of 12%. Using the formula for the price of a perpetuity bond, which is P = C / r, where P is the price, C is the annual cash flow, and r is the market interest rate, we can calculate the new price of the bond. P = $80 / 0.12 = $666.67  Therefore, the price of the bond falls to $666.67 when market interest rates rise to 12%. The correct answer is option C. A perpetuity bond with a face value of $1,000 and a coupon rate of 8% means that it pays $80 annually (8% of $1,000) in interest payments indefinitely. When market interest rates change, bond prices adjust accordingly to remain competitive in the market. In this case, market interest rates have risen to 12%.To determine the new price of the bond, we need to calculate the present value of the bond's cash flows using the new market interest rate. Since it is a perpetuity, we use the formula for present value of a perpetuity: PV = Cash Flow / Interest Rate.In our scenario, the cash flow is $80, and the new market interest rate is 12% or 0.12. Using the formula, we get: PV = $80 / 0.12 = $666.67.Therefore, as market interest rates rise to 12%, the price of the perpetuity bond falls to $666.67.

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on a cash budget, the total amount of budgeted cash payments for manufacturing overhead should not include any amounts for depreciation on factory equipment. T/F?

Answers

False. On a cash budget, the total amount of budgeted cash payments for manufacturing overhead should include amounts for depreciation on factory equipment.

Depreciation is a non-cash expense that represents the gradual reduction in the value of the factory equipment over time. While depreciation does not involve an actual cash outflow, it is still an expense that needs to be accounted for in the budgeting process.

In cash budgeting, the focus is on tracking and planning for actual cash inflows and outflows. Depreciation is considered a non-cash expense because it does not involve the direct outflow of cash. However, it is an important expense to consider when calculating the total budgeted cash payments for manufacturing overhead. This helps in estimating the overall cash requirements for the manufacturing process and ensuring proper allocation of funds for other cash outflows related to manufacturing operations.

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An airline knows that there are two types of travelers: business travelers and vacationers. For a particular flight, there are 100 business travelers who will pay $600 for a ticket while there are 50 vacationers who will pay $300 for a ticket. There are 150 seats available on the plane. Suppose the cost to the airline of providing the flight is $20,000, which includes the cost of the pilots, flight attendants, fuel, etc. How much profit will the airline earn if it engages in price discrimination

Answers

Answer:

The answer is "$55000".

Explanation:

When discrimination against prices is practicable, $600 would be charged to travelers and $300 to tourists. Now,

Total revenue(TR) \(=P \times Q\)

                               \(=600\times 100+300 \times 50 \\\\ =600\times 100+15,000 \\\\ =60,000+15,000 \\\\=\$75,000\)

Total Cost(TC)\(=\$20000\)

Profit\(=TR-TC\)

           \(=\$75000-\$20000 \\\\ =\$55,000\)

Explain the importance of excellent customer service.

Answers

excellent customer service is very important because if they treat the customers badly then their company’s customers will slowly decrease

Unit 9 lab
a smart loan for people with no credit history yet
1. what is the traditional method of assessing trust to pay a loan? what is the
problem with this method?
2. how does siroya use mobile data to create a financial identity?
3. what were jenipher's options for getting a loan?
4. what is one data point that shows a good propensity to pay a loan back?
a
5. how has jenipher's life improved as a result of the loan using siroya's
technology?

Answers

The traditional method of assessing trust to pay a loan typically involves looking at an individual's credit history, income level, employment status, and collateral.

The problem with this method is that it excludes people who have no credit history yet, making it difficult for individuals such as young adults or recent immigrants to access loans.

Siroya utilizes mobile data to create a financial identity for individuals with no credit history. By analyzing mobile usage patterns, such as call and text frequency, bill payments, mobile money transactions, and other data points, Siroya's technology can assess an individual's financial behavior and reliability.

Jenipher's options for getting a loan were limited due to her lack of credit history. Traditional lenders would likely view her as a high-risk borrower and might either reject her loan application or offer unfavorable terms such as high-interest rates.

One data point that shows a good propensity to pay a loan back could be the consistency and timeliness of bill payments.

As a result of the loan using Siroya's technology, Jenipher's life has improved in several ways. Firstly, she was able to access credit despite having no credit history, providing her with the opportunity to meet her financial needs and goals.

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