Problem 1 The following is a demand schedule for shoes: Price: $100 $80 $60 $40 $20 Quantity: 10 14 18 22 26 -A- Illustrate the demand curve. -B- How much will consumers spend on shoes at a price of $80? At P=$80‚ q=14. -C- As price drops from $100 to $80‚ is the demand elastic or inelastic? Show your work or reasoning. As price drops from $100 to $80‚ q rises from 10 to 14. e= (% change in qty)/(%change in price) = - [4/10]/[20/100] = -(2/5)/(1/5) = -2 Hence the demand is elastic. Problem
Premium Costs Supply and demand
“That’s one small step for man‚ one giant leap for mankind.”-Neil Armstrong Apollo 11 was the first successful flight to the moon with humans. The man leading this voyage was Armstrong with his partner Pilot Collins. As this breakthrough was happening at a global stage‚ in New York other issues were occurring. P.R.I.D.E.‚ people recognizing individual diversity and equality. This statement and many other have been the rally cry of the LGBT (Lesbian Gay Bisexual Transgender) community. However‚ when
Premium New York City New York Yankees San Francisco Giants
Acct # | Acct Title | W/P Ref | Last Years (Audited) | Current Years (Unaudited) | Dr. | Cr. | Audited | 10100 | Cash on Hand | | 1‚987.28 | 2‚275.23 | | | | 10200 | Regular Checking Account | | 198‚116.52 | 532‚125.92 | | | | 10300 | Payroll Checkiing Account | | | | | | | 10400 | Savings Account | | 3‚044‚958.13 | 3‚670‚599.15 | | | | 11000 | Accounts Receivable | | 16‚410‚902.71 | 49‚780‚259.98 | | | |
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
University – BUSN 6070 Instructor: Jonnie Green Student: Jacquline Wicks-Callahan Title of Case: The Apollo Group‚ Inc. [University of Phoenix] Case: Andrew: Case #7-1‚ Assignment # 1 Purpose: The purpose of this case study is to understand the University of Phoenix’s philosophy and business model to develop targeted plans to address identified issues. Introduction Apollo Group‚ Inc.‚ was found in 1973 by John G. Sperling‚ PhD.‚ in response to a need for a then neglected market
Premium University Academic degree
Relevant Information-Apollo Shoe GA-3 Information Relevant to 2011 Audit Audit Action Recommended Pressure to meet sales targets GA 3-1 Increase procedures related to existence of sales and valuation of receivables‚ as well as cutoff Purchase of equipment GA 3-1 Verify through invoices and receiving reports if equipment purchased during the year Verify terms of refinancing for accuracy as well as interest payments. Line of credit refinanced GA 3-1 Did they pay note on Jan. 1‚ 2012 or refinance
Premium Dividend Money
Diamonds on the Soles of Her Shoes ‘Diamonds on the Soles of Her Shoes’ by Paul Simon is a piece for a folk/rock band with a world beat feel to it. This song portrays a story between a poor boy and a rich woman. The piece being composed in 1986‚ the modern era‚ has its focus set on individual expressionism. The composer achieves this through the songs aesthetic expression and his unique style of writing. This has been influenced by previous styles‚ and in turn has influenced concurrent musical
Premium Music Orchestra Drum kit
LES MIZ SHOES Case Study I. PROBLEM The capacity of Les Miz Shoes to exist as a corporate entity II. ANALYSIS 1. Management Ownership is not open for others outside the family‚ thus limiting the managing power to one person. 2. Exportation Mr. Ducot’s attempt to establish market in Europe was unsuccessful. 3. Strategy Mr. Ducot wanted an expansion of the company. He will use earnings from merchandising of Les Miz shoes in Philippines. 4. Local Sales Sales of Les Miz Shoes are low. It
Premium Business Sole proprietorship Export
Operations Management and Management Science Case Study Capacity Planning New Balance Athletic Shoes Summary James Davis is the president and general manager of New Balance Athletic Shoes. The Boston‚ Massachusetts based company began producing corrective shoes and arch supports in 1906. New Balance garnered a reputation for quality specialty footwear when in the 1950’s it began producing running shoes for men. It is the beginning of 1978 and Mr. Davis has a number of important decisions to make
Premium Athletic shoe Footwear Shoe
Last lather shoes What do you think if i told that you are responsible of killing many lives or if i told you that you have an appointment in the court because one of Crocodile family decided to sue you. What I mean exactly is our consumption of lather material has a darker aspect that a few people know about it. However‚ Lather products influenced negatively on animals‚ environment and human. Many animals around this magnificent world has been killed in purpose of using their lather
Premium Human Biodiversity Agriculture
Dead Man’s Shoes – Essay The short story “Dead Man’s Shoes” (1998) by David Evans is an astonishing view into the life of a rural village in South Africa after the fall of apartheid‚ and of the different attitudes flourishing in the community. The story depicts the life of a rich widow‚ Anne Bezuidenhout‚ who lives alone on an enormous farm with only her black workers to help her. She has many offers of marriage‚ all with something to offer her‚ but she ends up surprising everyone with her choice
Premium South Africa Fiction White people