Answer:
1. The price for Uber services increases.
2. The quantity of Uber services sold increases.
Explanation:
As the college students use the uber so here the number of students are rised up that means the demand is more when the semester is started i.e. the price is more
Also the uber has one attribute i.e. surge pricing which represent the law of demand and the supply. In the case when the demand is more or the supply is less the price would increase
So overall the price and the quantity should increased
Answer:
The correct answer is innovative.
Explanation:
In business terms, innovation is something that is not often seen, since many for fear of risk and investment do not dare to generate new things. The comfort of continuing with what is already established is the enemy of innovation. But this attitude of facing business also has complications, since the lack of innovation and risk can end a company.
Answer:
B) $2,850
Explanation:
1: Find the discount: $3,000*5% = $150
2: Subtract the discount: $3,000 - $150 = $2,850
Answer:
The correct answer is a) $24,000
Explanation:
At the end of the year, Morgan still holds $140,000 of this merchandise
Lewis Inc. owns 40% of Morgan and applies the equity method
40% = 0.4
$140,000 x 40% = $56,000
Lewis buys inventory costing $400,000 and sells it to Morgan for $700,000.
$700,000 - $400,000 = $300,000
=$56,000 x ($300,000 ÷ $700,000)
=$56,000 x 0,428571429
= $24,000
Answer:
(a) 464 units
(b) 1,064 units
Explanation:
Given that,
Mean, M = 300
Standard deviation, SD = 200
Targeting CSL = 95%
Z-value for the 0.95 = 1.645 (Obtained from the Z-tables)
Lead time, L = 2
Standard deviation during lead time = SD × √L
= 200 × √2
= 200 × 1.41
= 282
Safety stock = z × Standard deviation during lead time
= 1.645 × 282
= 463.89 or 464 units
ROP = (M × L) + Safety stock
= (300 × 2) + 464
= 600 + 464
= 1,064 units