Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 10.60 trillions of rupees. Individuals save: 5.04 trillions of rupees. Businesses invest: 1.50 trillions of rupees. Foreigners spend: 0.70 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.69 trillions of rupees. Pakistan exports: 1.40 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals.

Answers

Answer 1

Answer:

GDP of Pakistan is 13.41 trillion of Rupees

Explanation:

GDP = C + I + G + Net Exports

GDP = 10.6 + 1.5 + 2.6 + (1.4 Exports - 2.69 Imports) =

Where C stands for consumption, I for investment by the businesses, G is the government spending or purchases, Net Exports is the difference between exports X and imports M.

Now:

G-Government spending or Govt. Purchases are Rs 2.60 trillions

I-Investment by the businesses are Rs 1.50 trillions

C-Consumption was Rs 10.6 trillions

Net Exports-(Exports X - Imports M) was the difference of exports Rs 1.4 trillions and imports of Rs 2.69 trillions

By putting the values we have:

GDP= 10.6 + 1.5 + 2.6 + (1.4 Exports - 2.69 Imports)= 13.41 trillion of Rupees


Related Questions

ABC owns a company that manufactures dental radiation equipment. The company, which is run as an independent unit, has experienced excessive financial losses the last three years. The __________ for the company would be expected to develop the long-term plans needed to make the company profitable.

Answers

Answer:

Top manager

Explanation:

The top managers are those persons or managers who are responsible for overseeing as well as controlling the whole business or organization. The top level managers are those who develop or establish the policies of the company, strategic plans, goals or objectives as well as make decisions on the direction of business.

The managers of the company are at the top level and plays a very important role in the mobalization of the resources.

So, in this scenario, the company experience the losses and the top managers would the one who develop the long- term plans which will make the company to be profitable.

The fill-in-the-blanks should be filled with Top manager.

What is the top manager?

The top manager is the person or the manager that should be responsible for controlling the operations of the business. Everything is going as per the goal or not. The employees are achieving the target on daily basis or not. It involved the things like strategic plans, goals, objectives, etc.

Since in the given situation, the company has the losses also wants to develop the long-term plans due to which it should be profitable.

Learn more about loss here: https://brainly.com/question/24315662

based upon the current ratio, how would creditors or lenders feel about the liquidity of the buisness? why?

Answers

Answer:

Current ration is a measurement that measures how many current assets are there to cover up the current liabilities. the ratio represent the firm's ability to meet the day to day, short term obligations.

it is calculated as follows,

Quick Ratio/Current asset ratio=Current Assets/Current Liabilities

a normal, health current asset ratio is 1. and it is better when the number is going up.

This gives the short term lenders (such as short term bond holders) and suppliers the ability to assess the companies ability to pay off the short term obligations in an even of  bankruptcy or  finanacial crisis.

Explanation:

Swan Song is a spa that caters to the needs of a small percentage of highly health-conscious consumers. It offers state-of-the-art treatments in a luxurious setting. Since there are very few spas that offer the same unique services, customers are willing to pay a premium price for its products and services. In this scenario, Swan Song is following a ___.

Answers

Answer:

The correct answer is: focused differentiation strategy.

Explanation:

The focused differentiation strategy refers to position 5 of the strategic clock. In this strategic position, companies offer products / services with a high added value perceived by customers in exchange for high acquisition prices.

Companies that offer Premium products / services as well as companies dedicated to the luxury sector have the strategy of focused differentiation as the axis of the company's operation.

Companies such as Ferrari, Rolex, Hermes, Cartier, Mont Blanc, Mercedes are examples among others.

Answer:

C. Focused differentiation Strategy

Explanation:

Focused differentiation strategy involves targetting a small group of customers or consumers with a differentiated product. It involves offering unique product or service characteristics in order to meet the needs of a specific small target market. In this case, the small target market of swan song is the highly health conscious customers. They offer state of the art treatment which is their unique characteristics to that narrow market. This strategy helps create customer's loyalty, limited competition, customer awareness and so on.

If the sum of the Ending Balance(s) in the revenue account(s) is greater than the sum of the Ending Balances in the expense accounts, then Retained Earnings will increase as a result of the closing entries.a) trueb) false

Answers

Answer:

True

Explanation:

The closing entries are as follows            

1. . Sales Revenue A/c Dr XXXXX

          To Income Summary A/c XXXXX

(Being revenue account closed)

2.  Income Summary A/c XXXXX

             To Expenses A/c XXXXX

(Being the expenses account are closed)

3. Income summary A/c Dr XXXXX

           To Retained earning A/c XXXXX

(Being the difference is credited to retained earning i.e we called profit )

Decision Point: Classifying the Spa on the Service-Goods Continuum As you consider your task, you reflect on the customer experience you are working to develop. You understand that products can be placed on a service-goods continuum with purely tangible goods and purely services as endpoints. To choose the best marketing tactics, you evaluate The Spa at Verdure's position on the continuum. Which classification most accurately represents The Spa's position on the service-goods continuum?

Answers

Answer:

The answer options for this question are as follows:

a) Mostly a tangible good

b) Purely a tangible good

c) Mostly a service

d) Purely a service

The correct answer is c) Mostly a service

Explanation:

Goods and services are goods, objects and activities that seek to meet the needs of people. These are the result of a productive process carried out by economic agents.

The SERVICE is the application of human or mechanical efforts to people, animals or objects. That is, they can be produced by people, such as dental services, or by a machine, such as the ATM service. They are intangible products, which cannot be perceived previously by the senses, that is, they cannot “feel” and, therefore, evaluate their quality or not, until they are used.

The main characteristics of the services are as follows:

Intangibility: It is the main feature of the services, it is based on the fact that they cannot be tested, cannot be smelled or touched without making the purchase of it. Variability: The services are always different from each other there are never 2 equal services, the reason for this is that the delivery of the service is performed by a person or a staff in different places and times, when changing any of these aspects and the service does not is the same. Inseparability: The services provided are not separated from the one receiving the service, the process is simultaneous.

Final answer:

The Spa's position on the service-goods continuum can be classified as c) Mostly a service which considers green products/services, and horizontal differentiation.

Explanation:

Spas provide personalized treatments and experiences that customers receive in real-time, which are intangible benefits. The Spa at Verdure's position on the service-goods continuum can be classified as:

Services: The Spa primarily offers services such as massages, facials, and spa treatments, where customers pay for intangible experiences and the skills of professionals.Hybrid products: If The Spa incorporates sustainable practices like using environmentally friendly products or energy-efficient services, it can be classified as providing green services.Horizontal differentiation: The Spa may differentiate itself based on unique experiences or branding, falling under horizontal differentiation in the market.

Complete Question:

Decision Point: Classifying the Spa on the Service-Goods Continuum As you consider your task, you reflect on the customer experience you are working to develop. You understand that products can be placed on a service-goods continuum with purely tangible goods and purely services as endpoints. To choose the best marketing tactics, you evaluate The Spa at Verdure's position on the continuum. Which classification most accurately represents The Spa's position on the service-goods continuum?

a) Mostly a tangible good

b) Purely a tangible good

c) Mostly a service

d) Purely a service

Functional managers a. look at the overall picture of a corporation. b. execute business-level decisions. c. have no strategic role. d. formulate generic strategies. e. are responsible for the specific business functions or operations that constitute a company or one of its divisions.

Answers

Answer:

e. are responsible for the specific business functions or operations that constitute a company or one of its divisions.

Explanation:

The functional manager defines the person who manages the organization department. It is specialized in different categories such as Human Resource Management, Finance, Marketing, Operations, etc. A functional manager manages its resources for the benefit of the organization.

So, the Functional manager is responsible for a particular business function, operations for a company or a specific division.

Larkan & Tokodo is a financial institution that sells shares to investors. The funds resulting from the investments are pooled and then invested in large corporate stocks, corporate bonds, government securities, or other assets. Jeremy, a capitalist, invests in Larkan & Tokodo. In this case, Jeremy has invested in a _____.

Answers

Answer:

mutual fund

Explanation:

A mutual fund is an investment vehicle that collects money from investors (usually small investors)  and invests that money in purchasing and selling securities, e.g. bonds, stocks, etc. They are managed by a fund manager (usually not a person, but a company, in this case Larkan & Tokodo) that decides where to invest the funds. The value of a mutual fund is determined by the price of its shares that basically includes a fraction of the investment pool.

Answer: In this case, Jeremy has invested in a MUTUAL FUND.

Explanation: in finance, mutual fund is a form of collective investment in which money from many investors is pooled and invested in stocks, bonds, short-term money market instruments, and/or other securities under the direction of a fund manager.

In this case, Larkan and Tokodo is the fund manager.

Green taxes ________. Green taxes ________. are paid by golfers in areas where sensitive habitat has been converted to golf courses are widely supported and instituted in the United States may affect consumers if the companies paying the taxes raise the price of their product are taxes instituted on landscaping plants and trees to raise funds for projects promoting sustainable development have been rejected by the European Union as being too costly to enforce

Answers

Answer:

d. may affect consumers if the companies paying the taxes raise the price of their product

Explanation:

Green tax aim to reduce activity that can destroy or harmful to the environment. The economic incentives to find alternative way hoped will reduce the rate of environmental destruction. But some of the tax is criticized as a regressive tax. A regressive tax is a type of tax put more burden on the citizen with lower income compared to the higher ones. The tax can be levied to the customer instead by increasing the price of the product.

Final answer:

Green taxes are economic incentives that encourage environmentally friendly actions by penalizing harmful environmental practices or subsidizing beneficial ones. They are implemented globally, with variance in support and impact on industries and consumers, and can play an important role in promoting sustainable practices and development.

Explanation:

Green taxes are economically-driven incentives designed to promote environmentally friendly practices by increasing the cost of actions that harm the environment, or by reducing the cost of actions that benefit it. For example, industries that adopt sustainable solutions like solar panels or green infrastructure can benefit from tax incentives. These green taxes can also come in the form of pollution charges. For instance, the federal government in many countries, including the United States and Canada, imposes taxes on gasoline as a charge for the air pollution that cars generate.

Moreover, implementation of green taxes can encourage the use of greener transport options, such as hybrid and electric vehicles. When companies face higher costs due to environmental taxes, they may pass these costs onto consumers through higher prices. However, subsidizing sustainable energy, like solar and wind power, can level the playing field against fossil fuels. On a global scale, gasoline taxes and other pollution charges are often higher outside the United States.

Mary, a single taxpayer, purchased 10,000 shares of § 1244 stock several years ago at a cost of $20 per share. in november of the current year, mary received an offer to sell the stock for $12 per share. she has the option of either selling all of the stock now or selling half of the stock now and half of the stock in january of next year. mary will receive a salary of $80,000 for

Answers

Complete question:

Losses are subject to limitations, eligibility tests, and exclusions based on a number of conditions and factors. Consider the following scenario: Mary, a single taxpayer, purchased 10,000 shares of § 1244 stock several years ago at a cost of $20 per share. In November of the current year, Mary received an offer to sell the stock for $12 per share. She has the option of either selling all of the stock now or selling half of the stock now and half of the stock in January of next year. Mary will receive a salary of $80,000 for the current year and $90,000 next year. Mary will have long-term capital gains of $8,000 for the current year and $10,000 next year. If Maryâs goal is to minimize her AGI for the two years, determine whether she should sell all of her stock this year or half of her stock this year and half next year.

Solution:

Investment in stock = 10,000 x 20 = $200,000

Selling the stock = 10,000 x 12 = $120,000

Capital loss = 200,000 - 120,000 = $80,000

For this year Maryâs salary = $80,000

For this year capital gain = $8,000

If it is selling all its shares this year, it will be net equity loss

= 8,000-80,000= $72,000

This year will account for the gross capital gain and an extra deduction of $3,000 next year.

So her AGI will be 80,000 + 8,000 - 8,000 - 3,000 = $77,000

Now the left over capital loss 80,000 - 8,000 - 3,000 = $69,000 will carry forward to next year.

For Next year Maryâs salary = $90,000

For Next year capital gain = $10,000

Then the carry forward capital loss will offset the capital gain and additional $3,000,

So her AGI for the next year will be 90,000 + 10,000 - 10,000 - 3,000

                                                         = $87,000

Now the left over capital loss 69,000 - 10,000 - 3,000 = $56,000 will carry forward to next year.

If she sells half shares this year and other half next year, then,

Selling the stock = 5,000 x 12 = $60,000

Capital loss = 100,000 - 60,000 = $40,000

So her AGI will be 80,000 + 8,000 - 8,000 - 3,000 = $77,000

Now the left over capital loss 40,000 - 8,000 - 3,000 = $29,000 will carry forward to next year.

So her AGI for the next year will be 90,000 + 10,000 - 10,000 - 3,000 = $87,000

As she will sell half of her shares next year, the capital loss = $40,000

Now the left over capital loss for next year is 29,000 - 10,000 - 3,000 + 40,000 = $56,000 will carry forward to next year.

So in both options her AGI will remain same.

She can choose either of the option.  

___________ is/are associated with collecting, storing, and distributing the product or service to buyers. They consist of warehousing, material handling, delivery operation, order processing, and scheduling.

Answers

Answer:

Inbound logistics

Explanation:

According to porter's value chain model, inbound logistics are the operations involved in receiving and placing orders of the material to storage, scheduling the placement of orders to all the procedures involved from ordering of material to warehousing the receipts of the raw material.

Which sequence correctly summarizes the accounting​ process? A. Journalize​ transactions, post to the​ accounts, prepare a trial balance B. Prepare a trial​ balance, journalize​ transactions, post to the accounts C. Journalize​ transactions, prepare a trial​ balance, post to the accounts D. Post to the​ accounts, journalize​ transactions, prepare a trial balance

Answers

Answer:

A. Journalize​ transactions, post to the​ accounts, prepare a trial balance

Explanation:

The Transaction are Journalized first and the these are  posted to the relevant account after that according to their nature of account and debit credit impact to each account. At the end of the period all the closing balances of the account are calculated and listed in the trial balance from where we start to make our financial statements. So the correct sequence for the accounting process is Journalize​ transactions, post to the​ accounts, prepare a trial balance.

Final answer:

The accurate sequence for the accounting process is First, Journalize transactions i.e., record daily financial transactions, Second, Post to the accounts which involves transferring the journal entries to individual ledger accounts, and finally, Prepare a trial balance. This involves creating a list of all accounts and their balances which checks the mathematical accuracy.

Explanation:

The correct sequence for the accounting process is: A. Journalize transactions, post to the accounts, prepare a trial balance. This sequence adheres to general accounting principles. It begins with Journalize transactions, which consists of recording the day-to-day financial transactions of the business. After recording these transactions in a journal, the next step is to post to the accounts. This involves transferring the journal entries to the respective accounts in the general ledger. The final step is to prepare a trial balance which lists all the accounts in the general ledger and their balances. This provides a check on the mathematical accuracy of the books.

Learn more about Accounting Process here:

https://brainly.com/question/31817997

#SPJ6

The Giles Agency offers a 12% trade discount when providing advertising services of $1,000 or more to its customers. Audrey’s Antiques decides to purchase advertising services of $3,500 (not including the trade discount), while Michael’s Motors purchases only $700 of advertising. Both services are provided on account. Record both transactions for Giles agency

Answers

The journal entries are as follows

In the books of Giles Agency

1. Account receivable  Dr $3,080

              To Service revenue $3,080

(Being the service is provided in account)

The computation is shown below:

= $3,500 - $3,500 × 12%

= $3,500 - $420

= $3,080

2. Account receivable  Dr $700

              To Service revenue $700

(Being the service is provided in account)

Final answer:

For Audrey’s Antiques, a trade discount is applied, resulting in a transaction amount of $3,080. For Michael’s Motors, no discount is provided, making the transaction amount $700. Journal entries are made accordingly for both transactions.

Explanation:

The question asks for the recording of transactions for the Giles Agency after they provide advertising services, with specific focus on providing a trade discount to Audrey’s Antiques but not to Michael’s Motors due to the purchase amounts. Audrey’s Antiques purchases services of $3,500, eligible for a 12% discount, while Michael’s Motors buys $700 of services, not reaching the threshold for a discount.

For Audrey’s Antiques, the calculation is as follows: $3,500 x 12% = $420. Thus, the discounted amount is $3,500 - $420 = $3,080. The journal entry to record this transaction is:

Debit Accounts Receivable $3,080

Credit Sales Revenue $3,080

For Michael’s Motors, since no discount is applied, the entry is straightforward:

Debit Accounts Receivable $700

Credit Sales Revenue $700

The __________ of the procure-to-pay cycle is ordering; the most common way the ordering step begins is through the release of a purchase order. A purchase order (PO) is simply a document that authorizes a supplier to deliver a product or service and often includes terms and conditions, such as price, delivery, and quality requirements.

Answers

Answer:

The FIRST STEP of the procure-to-pay cycle is ordering;

Explanation:

The procure to pay cycle  is the set of activities required to follow through a buying process in a company, it includes identifying the need, looking for and assigning a vendor, approving the vendor's specifications, receiving the supplies and finally paying the money owed to the vendor. This process consists of five steps:

ordering follow up and expediting receipt and inspection settlement and payment records maintenance

The difference that arises between the balance on the bank statement and the balance on the​ company's books because of a time lag in recording transactions is known as a permanent difference. True or false?

Answers

Answer:yes

Explanation:

Answer: d

Explanation:

Ned's office was flooded when a water pipe burst. Office furniture that had been purchased at a cost of $6,000, and on which Ned had deducted $2,000 of depreciation, was damaged by the water. The fair market value of the furniture before being damaged was $5,000, and afterward was $2,000. Ned was reimbursed $2,000 by insurance. Ned's casualty loss deduction is:

Answers

Answer:

$1,000

Explanation:

The casualty loss here can be calculated using the fair value of the asset.

Casualty loss = (Fair Market Value - Insurance received) - Market Value left

Here the fair market value before loss occurrence was $5,000, insurance was $2,000 and the fair market value left was $2000. So by putting the values in the above equation we have:

Casualty loss =  ($5,000 - $2,000) - $2,000 = $1,000

Sasha has run a small diner near the train station for the past ten years. Six months ago, a chain restaurant serving gourmet burgers and sandwiches opened up near him and he has had to re-think his menu. He added some specialty sandwiches and free fries with every burger in order to retain his customers. Which of Porter's five competitive forces has affected Sasha's business?

Answers

Answer:

threat of new entrants

Explanation:

Based on the information provided within the question it can be said that force that has affected Sasha's business, from Porters five forces was the threat of new entrants. This force refers to the threat that comes from new competitors entering an industry with existing competitors. If the barrier to entry of the market is low/easy for these new companies then it creates a huge threat to the existing company's since it allows them to get established in the market fast and at a low cost.

Jane has a weekly budget of $50 to spend on fruit and vegetables. She decides to buy 4 pounds of fruit at a cost of $5/lb. She spends the rest on 5 pounds of vegetables. What is the price she pays for each pound of vegetable, given her budget constraint?

Answers

Answer:

Jane spends $6/lb for the vegetables.

Explanation:

Multiply the number of pounds of fruit she bought and the cost for each pound. That would mean 4 times 5 which equals 20. Subtract 20 from 50 because that shows you how much money she had left. Divide the number of money she has left with the amount of pounds she bought. 30 divided by 5 gives you your final answer of $6 per pound.

Final answer:

Jane spends $20 on fruit out of her $50 weekly budget. She has $30 left over for vegetables. Given that she buys 5 pounds of vegetables, each pound costs her $6.

Explanation:

First, we need to determine how much Jane has spent on fruit. It costs $5 per pound and she bought 4 pounds. Therefore, she spent $20 on fruit (5*4).

Next, we find out how much money is left for vegetables. Given Jane's weekly budget of $50, after buying fruit, she has $30 left (50-20).

Last, divide the remaining money by the number of pounds of vegetables she bought. Jane bought 5 pounds of vegetables with her remaining $30. Therefore, the cost of each pound of vegetable is $6 per pound (30/5).

Learn more about Budget Constraint here:

https://brainly.com/question/36718125

#SPJ6

When categorizing investments for the financial account component of the balance of payments the ________ is an investment where the investor has no control whereas the ________ is an investment where the investor has control over the asset

Answers

Answer:

The correct word that fills the gaps are: portfolio investment; direct investment.

Explanation:

An investment portfolio is that combination of financial assets in which a basket of financial assets is deposited with the idea of generating a surplus value. It is also known as a portfolio.

More widely, we call the investment portfolio or portfolio of securities to that set of assets in which we have invested money in a diversified way, that is, it is the basket of assets in which we are invested.

The direct observation method is a method of data collection that basically consists of observing the object of study within a particular situation. All this is done without the need to intervene or alter the environment in which the object unfolds. Otherwise, the data obtained will not be valid.

Your company is restructuring, and two layers of management have been eliminated. You now report directly to the national sales manager instead of a regional sales manager.
a) Flattened management hierarchies
b) Nonterritorial offices
c) Changing communication technologies

Answers

Answer: is option a) Flattened management hierarchies.

Explanation.

The flattened hierarchies allows employee participation or involvement through a decentralized decision making process. The main agenda is that well trained employees will become more productive by direct involvement in decision making process rather than strictly supervised by various layers of management. A flat organization is referred to an organization containing less or no levels of management between workers and management. As in the given case certain number of layers are removed and workers will now directly reporting to the national sale manager instead of regional sales manager so this is clearly referred to flattened management hierarchies.

The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owner is only interested in increasing revenue, she should]

Answers

The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owner is only interested in increasing revenue, she should raise the price of the cinnamon rolls.

Explanation:

Price is the amount that we fix for a product in selling. The changes in the prices of any goods or services  affects the demand and supply of that goods and services. Supply refers to the amount of product or service that is being available to the consumers and demand refers to the number of people who want a particular product or services.

When the supply increases the price will get reduced and the demand will also increase. In the given scenario, the selling if cinnamon does not have any response in the customers regarding its price. Hence, when the owner wishes to generate revenue he can raise the price of the cinnamon rolls.

Final answer:

Given the inelastic demand for the bakery's cinnamon rolls, the bakery owner can increase revenue by raising the price of her cinnamon rolls.

Explanation:

If the local bakery makes cinnamon rolls that are highly desired by consumers to the point where they do not respond significantly to a change in price, this is an example of inelastic demand. In economic terms, inelastic demand occurs when the quantity demanded by consumers does not change significantly in response to changes in price. Therefore, if the bakery owner wants to increase revenue, assuming demand remains inelastic, she should raise the price of the cinnamon rolls. This would result in higher revenue as the quantity sold would not decrease much, if at all, due to the price change.

Learn more about Inelastic Demand here:

https://brainly.com/question/30103518

#SPJ12

Mae manages delivery at a custom-kitchen outlet. Working with her customer's specifications, she contacts Gem Cabinets and places an order for a full-motion wall mount. Which of the following primary activities is Mae performing here?A) inbound logistics. B) operations. C) customer service. D) marketing.

Answers

Answer:

The correct option is A,inbound logistics

Explanation:

Inbound logistics in supply chain management consists of procuring,receiving, warehousing and disseminating inputs to production outlets.However,the case of Mae is not manufacturing related,as a result,the function of dissemination of goods is not applicable as that is outbound logistics activity.

Operations in this Mae's scenario deals with the actual sale of items at the custom-kitchen outlet.

Customer service is about handling customers' pre- and post-sale inquiries and complaints

Answer:

A) inbound logistics.

Explanation:

In supply chain management, inbound logistics refers to the process by which a company receives goods, either by purchasing them or in consignment. It includes the transportation, storage and delivery of the goods.

E.g. when a company purchases goods from a foreign manufacturer, the inbound logistics includes the shipping of the goods by sea, the storage when it arrives at port, and finally the distribution by land to its operating facilities.

Outbound logistics applies to the process that takes place when the company sells the goods to either final consumers or other companies.

Suppose Pump-U-Up lowers the price of its gym membership by 10 percent and as a result, Sweat-It-Out experienced a 16 percent decline in its gym membership. What is the value of the cross-price elasticity

Answers

Answer:

The Cross elasticity of demand will be the change in demand at Sweat-it-out divided by the change in price at Pump-U-Up

=-0.16/-0.1

= 1.6

Explanation:

The Price decrease from Pump-U-up = 10%

And the resultant decline in Gym membership at sweat-it-out is 16%

The Cross elasticity of demand will be the change in demand at Sweat-it-out divided by the change in price at Pump-U-Up

=-0.16/-0.1

= 1.6

A Positive Cross - Price elasticity indicates both Gyms are close substitutes of one another.

An attempt by one to lower its price will directly impact negatively in membership of the other.

The strategy often adopted in such line of Business is to keep prices at Par or offer distinctive services outside of the traditional, e.g include a Spar into the gym membership, or access to discounted toning or body building products etc.

Final answer:

Cross-price elasticity measures how the quantity demanded of one product changes in response to the price change of another product. In this case, the cross-price elasticity of demand is 1.6, meaning there's a positive relationship between the two gym memberships, as they are substitutes.

Explanation:

Calculating the cross-price elasticity of demand, which provides insight into how the demand for one product (gym membership of Sweat-It-Out) is affected by the price change of a related product (gym membership of Pump-U-Up). In this case, the price of Pump-U-Up gym membership was lowered by 10 percent, leading to a 16 percent decrease in the membership of Sweat-It-Out. To find the cross-price elasticity, we apply the formula:

Cross-price elasticity of demand = (% Change in Quantity Demanded of Good B) / (% Change in Price of Good A)

Here, the cross-price elasticity of demand would be:

(-16%) / (-10%) = 1.6

This implies that the gym memberships for Pump-U-Up and Sweat-It-Out are substitutes, as indicated by a positive cross-price elasticity.

An empirical researcher identifies the effect of drug use on high school dropout rates by examining how the two variables changed over the 1980s and 1990s. This empirical approach can best be characterized as:
time series analysis.

Answers

Answer: True- Time series analysis

Explanation:

  Yes, the given answer is correct as the time series analysis is one of the type of method in which the data are get analyze in order to extract some useful statistics information from the given data.

The main purpose of the time series analysis is that it helps in identifying the various types of variance in order to determining the various types of factors in the given observed information.

According to the given question, the empirical approach is used for characterized as the time serves analysis based on the given observation. Therefore, Time series analysis is the correct answer.      

             

The team that is planning the annual company sales meeting has members in several offices. They need to have a conversation about the agenda for the sales meeting. Which of the following will they most likely use?a. e-mail. b. blog posts. c. a conference call. d. social networking.

Answers

Answer:

Option C. a conference call

Explanation.

A conference call is a telephone call in which more than two people have a conversation simultaneously. Conference calls enables large number of people to connect with each other through a conference bridge to have a conversation, which is most importantly a server that plays a role of a telephone and can answer and accommodate multiple calls simultaneously. In a conference call which is generally a telephone call in which someone talks to various people at the same time. Conference calls have different setups. It depends how a conference call setup is built to communicate with  each other. Some of them are in which every person can participate and talk at the same time or the call may be setup so that the called participants can only listen and cannot speak. As in this case the team clearly wants a conversation on a specific agenda so conference call is the only best option for them.

At February 1, 2022, the balance in Bonita Industries supplies account was $3080. During February Bonita purchased supplies of $2640 and used supplies of $3520. At the end of February, the balance in the Supplies account should be _________. a. $9240 debit. b. $3080 debit. c. $3960 credit. d. $2200 debit.

Answers

Answer:

Balance of Suppliers Account is $2200 debit

Explanation:

It is important to know that the Supplies Account increases on the debit side and decreases on the credit side.

On 1 February the account was $ 3080 and this was a debit since it was an existing balance.

Purchase during the year by Bonita Industries increased the Supplies Account. A debit entry of $2640 must be recorded.

Used supplies during the year decrease the Supplies Account. A credit entry of $3520 must be made

There for the balance left $2200(3080+2640-3520) is still on the increase side (debit).Hence the answer $2200 debit is correct.

Final answer:

To find the end balance of Bonita Industries' supplies account for February, we calculate the opening balance plus purchases minus supplies used, resulting in a $2200 debit.

Explanation:

To calculate the balance in Bonita Industries' supplies account at the end of February, we start with the opening balance and then adjust for the transactions made during the month. Bonita began February with a supplies balance of $3080. Over February, Bonita purchased additional supplies worth $2640 and used supplies amounting to $3520. To find the ending balance, we add the purchases to the opening balance and subtract the amount of supplies used.


The balance in the Supplies account at the end of February can be calculated as:

Beginning balance + Purchases - Used = Ending balance

$3080 + $2640 - $3520 = $2200 debit


$3080 (opening balance) + $2640 (purchases) - $3520 (used) = $2200. Therefore, the balance in the Supplies account at the end of February should be $2200 debit.

Therefore, the balance in the Supplies account at the end of February should be $2200 debit.

Online and offline marketing content is meant to drive action, which requires a focus on buyers problems. Effective brand journalism is about telling ______?

Answers

Answer:

Stories  

Explanation:

Stories are the stuffs that the people hear about and like to discuss about. Stories are part of the organization culture and are a good means for an organization to affect customer choices because the issues of the customers are highlighted which helps organization to rectify its operations.

In promoting free trade, the author seems to be supporting A) fair and responsive standards to reduce trade barriers. B) fair and responsive standards to increase trade barriers. C) higher standards on Chinese goods to reduce software piracy. D) lower standards on Chinese goods to decrease investment by U.S. companies in China.

Answers

Answer:

The correct answer is A. In promoting free trade, the author seems to be supporting fair and responsive standards to reduce trade barriers.

Explanation:

Free trade is trade that is not regulated by tariffs, import quotas or other similar trade policy measures. The opposite of free trade is protectionism.  

The vast majority of economists in the scientific community are in favor of free trade, stating that it has a positive impact on economic growth and the level of development, while protectionism has a negative impact on growth and the level of wealth.

Free trade exists among other EU member states. It is also possible to consider trade within a country as free trade. The countries with the lowest tariffs as a share of total foreign trade are industrial countries such as the EU countries, Canada and Australia. However, these apply very high tariffs on agricultural products and textiles. Developing countries in Latin America, Africa and Asia have higher tariffs.

Since it has become known that several of a bank's top executives have been buying shares in their own bank, the bank's depositors, who had been worried by rumors that the bank faced-impending financial collapse, have been greatly relieved. They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false. Such reasoning might well be overoptimistic, however, since corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.
In the argument given, the two boldfaced portions play which of the following roles?
(A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.
(B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.
(C) The first provides evidence in support of the main conclusion of the argument; the second states that conclusion.
(D) The first describes the circumstance that the argument as a whole seeks to explain; the second gives the explanation that the argument seeks to establish.
(E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Answers

Answer:

(B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.

Explanation:

Since it has become known that several of a bank's top executives have been buying shares in their own bank, the bank's depositors, who had been worried by rumors that the bank faced-impending financial collapse, have been greatly relieved. They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false.

Such reasoning might well be overoptimistic, however, since corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.

In the argument given, the two boldfaced portions play which of the following roles?

(B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.

The conclusion of the first is that ''top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false.'' but that of the second is ''corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.''

Hence the first is stating that the banks are sound because of executive share purchase and the second part is stating that the banks are NOT sound because executive share purchase is deceptive.

Mel is a salesperson for a technology services company. He wants to expand collaborative involvement between his company and his buyer's company. Which of the following activities is most likely to help Mel achieve his goal?

Answers

Answer:

I couldn't find any possible options, but if Mel wants to expand collaborative involvement between companies, he should try to make them work together.

Mel is probably trying to sell a new software or technological device to his client, and in order to try to convince the client that his offer is the best, he could suggest that the engineers from his company work together with the engineers of the buying company in order to solve any issues or doubts that may exist. This doesn't necessarily mean that they have to come together and work side by side, now you can work together using Skype of other communications app.

Cami is the marketing manager for a regional furniture maker. She closely monitors the impact of each marketing campaign on overall sales. She routinely tries novel promotional offers to reach first-time customers. Which of the following skills does Cami exhibit?A) systems thinkingB) experimentationC) abstract reasoningD) collaborationE) troubleshooting

Answers

Answer:

B. experimentation

Explanation:

Experimentation -

It refers to the practice of performing certain experiments or activities , is referred to as experimentation .

The method helps to prove certain process in a very practical manner .

The process of experimentation require activities likes , survey ,  campaign etc.

The experiment can be for any activity or project .

Hence , from the given scenario of the question ,

The correct option is B. experimentation .

Cami shows the skill of option B. experimentation by monitoring marketing campaigns' impact and testing new promotional strategies to increase sales.

Cami, the marketing manager for a regional furniture maker who monitors the impact of marketing campaigns on sales and tries novel promotional offers, exhibits the skill of experimentation.

Experimentation is a critical component of marketing strategy as it involves trying out new ideas and promotional offers to reach new customers, analyzing the results, and making adjustments to enhance overall sales performance.

This aligns with critical thinking and problem-solving skills, as Cami must evaluate the effectiveness of these novel strategies and adapt as necessary to maximize the potential for success.

Other Questions
TheAurora Borealisis a night display in the Northern latitudes caused by ionizing radiation interacting with the Earth's magnetic field and the upper atmosphere. The distinctive green color is caused by the interaction of the radiation with oxygen and has a frequency of 5.38 x 1014units. What is the wavelength of this light? How are key ideas refined with clear and concise language in the section what are your demands? What purpose does this section serve? Prince Humperdinck has 17 henchmen. Unfortunately, all but six die. How many henchmen does he have left? Property rights have been determined to be a major factor that helps countries sustain economic growth. Governments can change laws and policies in order to give individuals and firms more freedom. By doing so What causes a rainbow? A. Raindrops act like prisms and separate light into the spectrum. B. The upper atmosphere acts like a prism and separates light into the spectrum. C. Clouds act like prisms and separate light into the spectrum. Which or the following took place in 1865?a) Fort Sumterb)Appomattox Court Housec)First Bull Run Cyclopropane thermally decomposes by a firstorder reaction to form propene. If the rate constant is 9.6 s 1 , what is the halflife of the reaction? A store starts the day with 36 packages of juice boxes. Each package contains thesame number of juice boxes. By the end of the day, there are only 8 packages ofjuice boxes left.Part AWrite an expression with two terms to represent the number of juice boxes thestore sold.Part BSimplify your expression to create an equivalent expression. Consider the following balanced equation for the following reaction:15O2(g) + 2C6H5COOH(aq) 14CO2(g) + 6H2O(l)Determine the amount of CO2(g) formed in the reaction if the percent yield of CO2(g) is 83.0% and the theoretical yield of CO2(g) is 1.30 moles. What was the effect of the Louisiana purchase circle all that apply You're driving a vehicle of mass 1350 kg and you need to make a turn on a flat road. The radius of curvature of the turn is 71 m. The maximum horizontal component of the force that the road can exert on the tires is only 0.23 times the vertical component of the force of the road on the tires (in this case the vertical component of the force of the road on the tires is mg, the weight of the car, where as usual g = +9.8 N/kg, the magnitude of the gravitational field near the surface of the Earth). The factor 0.23 is called the "coefficient of friction" (usually written "", Greek "mu") and is large for surfaces with high friction, small for surfaces with low friction. (a) What is the fastest speed you can drive and still make it around the turn? Invent symbols for the various quantities and solve algebraically before plugging in numbers. maximum speed =_______________ m/s To accomplish the design project's Outback Challenge mission, your third design topic to research is a Flight Controller (i.e. manual RC transmitter) and GPS Module. The Flight Controller is not an autopilot, but rather a manual handheld flight control transmitter. If the autonomous operations fail, the Ground Base Control will take control of the UAS to manually release the rescue package (water bottle) to Outback Joe. Using the criteria found in the Outback Challenge, research and select the type of flight controller (i.e. manual handheld RC transmitter) and GPS module you feel would best accomplish the two-fold mission of searching for and delivering a rescue package to Outback Joe. Jada earned a 7% commission on a $500 sale of a boat. How much was her commission? Suppose Pump-U-Up lowers the price of its gym membership by 10 percent and as a result, Sweat-It-Out experienced a 16 percent decline in its gym membership. What is the value of the cross-price elasticity When constructing a Punnett square, the symbols on the outside of the boxes represent _______, while those inside the boxes represent _______. When constructing a Punnett square, the symbols on the outside of the boxes represent _______, while those inside the boxes represent _______. gametes, progeny parents, gametes gametes, parents progeny, gametes Imagine two adjacent playing fields, one with a wet surface and the other with a dry surface. If you simultaneously measured air temperature above each surface on a sunny summer afternoon, where would you expect the higher temperature? Why? a. Above the dry field. Because of the presence of water, more solar energy is reflected from the wet field surface, and hence its temperature stays cooler, b. Above the wet field. Thanks to the hydrogen bonds, water can absorb a lot of heat, thus keeping the wet surface warmer. c. Above the dry field. Evaporation of water over the wet field requires extra energy, which keeps the surface cooler. d. Above the wet field, because it has a lower albedo. The protection from infection received when individuals susceptible to a particular disease live in a population where many individuals are immune is referred to as __________. The recipe for a dozen muffins call for 4 teaspoons of vanilla. Tyler is making 6 dozen muffins for a bake sale. How many tablespoons of vanilla does he need? Remember 1 tablespoon equals 3 teaspoons Those who are more thrifty (as I must confess the times require) may flea the carcass; the skin of which, artificially dressed, will make admirable gloves for ladies, and summer boots for fine gentlemen.The author is using satire in this excerpt to emphasize theA. utter absurdity of his plan.B. necessity for warm winter clothing.C. ways that people are cruel to children.D. various benefits of his plan.. Which of the following is a primary characteristic of employing automated equipment in a company with high levels of production? Group of answer choices They help employees to acquire specialized knowledge that helps them complete tasks more efficiently. The general and administrative costs would be high for large companies. They do not help in spreading out the fixed cost of production. Large companies can reduce per-unit cost of production.