Business, 17.12.2019 19:31 ykluunae2

Afew months before, a major b2b supplier raised prices of its products 10 percent to cover changes in market conditions. he was surprised to find how the orders from his normal customers plummeted. his normal order was $1,100. after the price increase, the average order dropped by 25 percent. he became concerned that customers might look elsewhere. for this reason, he decided to start offering discounts. when one of his loyal customers, david, purchases $950 worth of product for his firm, the supplier gives david the terms "4/20 net 30." he wants to maintain his relationship with david and would ideally like to receive payment in less than a month. refer to scenario 19.3. consider how the average order amount changed when prices were raised $75. the elasticity of demand is with this in mind, the product can best be described as

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 13:30

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Answers: 1

Answer

Business, 22.06.2019 14:30

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Answers: 3

Answer

Business, 22.06.2019 21:00

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $

Answers: 1

Answer

Business, 23.06.2019 03:00

The following information is needed to reconcile the cash balance for gourmet catering services.* a deposit of $5,600 is in transit.* outstanding checks total $1,000.* the book balance is $6,400 at february 28, 2019.* the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.* the bank balance at february 28, 2019 was $17,410.* a deposit of $400 was credited by the bank for $4,000.* a customer's check for $3,300 was returned for nonsufficient funds.* the bank service charge is $90.what was the adjusted book balance?

Answers: 1

Answer

You know the right answer?

Afew months before, a major b2b supplier raised prices of its products 10 percent to cover changes i...

Questions