Question: Price Mart reduces the price of a 42 inch TV
Price Mart reduces the price of a 42 inch TV Plasma from $1,200 to $1,000. As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the price elasticity of demand for TV Plasmas. How could we classify the demand for TV Plasmas?
Answer to relevant QuestionsThe January 1 inventory of supplies in an Internal Service Fund is $9,000. The fund purchases $23,000 of supplies during the year. The December 31 inventory of supplies is $6,000. If the pricing objective of the fund is to ...Browning Company’s inventory records for year 2010-2011 are as follows:Year 2010Year 20111. Compute the cost of ending inventory and cost of goods sold for 2010 and 2011, using the following inventory costing methods:2. ...The audit senior has just approached you and asked you to review a list of transactions he thinks are potential errors from the previous period. Review the following list of transactions and record the correcting journal ...Explain how efficient inventory management affects the liquidity and profitability of the firm.A partnership of attorneys in the St. Louis, Missouri, area has the following balance sheet accounts as of January 1, 2013:Assets .........$320,000Liabilities ..........$120,000Athos, capital ..........80,000Porthos, capital ...
Post your question