a small business estimates price elasticity of demand for the product to be 3. to raise total revenue, owners should

Answers

Answer 1

If a small business estimates price elasticity of demand for the product to be 3, hence, to raise total revenue, owners should decrease price as demand is elastic. (Option A)

Price elasticity of demand refers to ratio of the percentage change in quantity demanded of a product to the percentage change in price. It is used by economists to understand how supply and demand change when a product's price changes and vice versa. In other words, a product's price elasticity of demand is a measure of sensitivity of the quantity demanded to its price. Hence, when the price rises, quantity demanded falls for almost any products, however the reduction may be more for some products than for others. As in the given scenario, as the demand is elastic, the owner should decrease price to raise total revenue.

Note: The question is incomplete as it is missing options which are A. decrease price as demand is elastic. B. decrease price as demand is inelastic. C. increase price as demand is elastic. D. increase price as demand is inelastic. E. do nothing; they are already maximizing total revenue.

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Related Questions

Poornima is a research assistant for her favorite physics professor, Dr. Smith. Dr. Smith is interested in studying the effects of different materials for tires on the velocity of model cars rolling down an inclined plane. Poornima knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the same. In Latin, this is referred to as ______.

In order to keep all other things the same and isolate the effects of one particular variable in the physics experiment, Poornima will want to do what steps?

Answers

In Latin, this is referred to as ceteris paribus.To isolate the effects of a particular variable in the physics experiment. Poornima  will want to do some steps which are mentioned below.

The steps are such as :

1.Choose a standard car model and stick to it throughout the experiment

2.Use the same inclined plane for each trial.

3.Keep the angle of inclination constant throughout the experiment.

4. USe the same starting point for each trial.

5.Use the same force to push the car at the starting point for each trial

6.Ensure that the tires are the only variable being changed between trials.

7.Record the velocity of the car at the bottom of the inclined plane for each trial.

8.Keep the angle of inclination constant throughout the experiment.

9.Repeat the experiment multiple times to ensure the accuracy and consistency of results.

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who here from K12? (sorry for asking this question)

Answers

Answer:

Explanation:

Answer:

Not I.

Explanation:

This is just constructive criticism, but I don't recommend listing your school here.

Is the following scenario a partnership? Performing in a twenty-piece band with a rotating showcase of trumpeteers.
OYes
ONo

Answers

Answer:

no

Explanation:

there isn’t a sense of ownership between two people

explain the role of director of board of directors in public company.
four points​

Answers

Explanation:

The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.

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The losses due to human error are minimal; hence, organizations tend to ignore these losses True/False

Answers

The statement is false. While organizations may acknowledge that losses due to human error can occur, it is not accurate to say that they tend to ignore these losses.

In fact, many organizations recognize that human errors can have significant consequences and take measures to mitigate and minimize them.

Organizations often implement various strategies to address human errors, including training programs, process improvements, standard operating procedures, quality control measures, and safety protocols.

They understand that even seemingly minor errors can lead to accidents, inefficiencies, financial losses, damage to reputation, and compromised safety.

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the following information relates to a post-retirement benefit plan: apbo beginning, $300mn plan assets beginning, $100mn net post-retirement benefit gain, beginning, $20mn amortization of net gain or loss is based on sl method, ten-year average remaining service period prior-service cost, initial amount, recognized four years ago, $50mn amortization of prior-service cost is based on sl method, ten-year average remaining service period service cost, $40mn discount rate, 5% expected rate of return, 6% actual return, $10mn change in estimated life expectancy caused a gain of $16mn, year-end funding contribution, $20mn what amount will be reported in the ending balance sheet for post-retirement benefit liability?

Answers

These situations involve the corresponding liability being included on the balance sheet as non-current liabilities. Post-employment defined benefit programs.

What Other Benefits Are There After Retirement?

Benefits paid to employees during their retirement years that are not pension payouts are known as other post-retirement benefits. Benefits received after retirement may include deferred compensation programs, life insurance, medical insurance, or premiums for such benefits.

What exactly are post-retirement benefit costs?

The cost of a pension that is observable for the time period is referred to as post-retirement benefit costs. There are various factors that go into calculating post-retirement benefit costs, but they all depend on the kind of plan your firm has designed. These plans may be defined benefit or defined contribution arrangements.

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in an imperfect market, if a firm has market power how do they choose the amount of workers hired?

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In an imperfect market where a firm possesses market power, the firm's decision on the amount of workers hired is influenced by various factors.

When a firm has market power, it has the ability to influence the market price and output levels. In order to maximize profits, the firm will assess the marginal revenue product of labor (MRP), which represents the additional revenue generated by employing an additional worker. The firm will continue hiring workers as long as the MRP exceeds the marginal cost of labor (MC), which represents the additional cost incurred by employing an additional worker. Overall, in an imperfect market with market power, firms choose the amount of workers hired by assessing the relationship between the marginal revenue product of labor, the marginal cost of labor, and considering the optimal balance between labor costs and labor productivity.

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what is true about lead time? group of answer choices it does not tell you how much inventory is in your process it tells you who will lead the evaluation of cycle time it only useful to identify how much inventory is delaying the output of work it tells you how long the customer needs to wait until product is completed

Answers

Lead time is the period of time from the morning of a procedure to its completion.

      In the pre-processing, processing, and post-processing stages of the manufacturing, force chain, and design operation processes, businesses estimate supereminent times. They can identify inefficiencies by comparing results to destined marks. Streamlining processes and boosting productivity can increase affairs and profit.

Longer lead times, still, have a negative impact on the manufacturing and deals processes. Lead time describes the quantum of time demanded to perform a procedure from launch to finish. Lead time in manufacturing constantly refers to the quantum of time it takes to produce a product and deliver it to a client.

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What is Porter’s Value Chain Model. Explain the Role of
Information Systems in Value Chain Analysis.
do it as soon as possible within 10 minutes

Answers

Porter's value chain model is a business strategy paradigm and role of information systems in value chain analysis is used to analyze data and to differentiate and organize business functions.

This model is known as a business strategy paradigm and it  examines the company operations in order to determine its competitive advantage. It is made up of the primary activities that are directly related to production and delivery and the secondary activities that enable the execution of the primary activities.

In the value chain analysis the role of information system is employed for analysing current sales and data that is related to marketing , to find specialised targets for a service or goods that a business can serve better.

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what is the first thing you should do when you open an account

Answers

Answer : consider how much money you will add in your account and start saving up money

Explanation :

George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent

Answers

A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.

What debt-to-income ratio is too high?

Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.

What is the easiest debt-to-income ratio for a mortgage?

Ideal debt-to-income ratio for a mortgage

In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.

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How to calculate selling and administrative expenses for absorption costing?

Answers

Absorption costing is a method of accounting that allocates all costs of production, including both direct and indirect costs, to the products produced.

Selling and administrative expenses are indirect costs that are not directly associated with the production process, but they still need to be allocated to the products under absorption costing.

To calculate selling and administrative expenses for absorption costing, you need to first determine the total amount of indirect expenses for the period. This can be done by adding up all the indirect expenses, such as rent, salaries, utilities, insurance, and advertising expenses.

Once you have the total amount of indirect expenses, you need to allocate these expenses to the products produced based on a predetermined allocation rate. This allocation rate can be based on any relevant activity level, such as direct labor hours, machine hours, or units produced.

To allocate the selling and administrative expenses to the products, you need to multiply the allocation rate by the relevant activity level for each product. For example, if the allocation rate is based on direct labor hours and a product required 10 direct labor hours to produce, you would multiply the allocation rate by 10 to determine the amount of selling and administrative expenses to allocate to that product.

By allocating selling and administrative expenses to the products, absorption costing provides a more accurate representation of the true cost of producing each unit.

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free creditsssssssssssssssssssssssssssss

Answers

Answer:

ty

Explanation:

Advantages of using social media for a business (in terms of customer service)

Answers

An advantage of a business using social media is that it will be easier for the business to gain customers as the business can advertise their products in which it can attract the customers and the business might therefore find it easier to get customers feedback and build customer loyalty.

P.s. if it’s a case study, make sure to apply :)

Organizational development is _____. Group of answer choices an innovative and entrepreneurial establishment of a new business the fundraising arm of an organization a field of practice about change none of these

Answers

Organizational development is a field of practice about change. Therefore, Option C is the correct statement.

What do you mean by 'Organizational Development'?

Organization development can be defined as a practice that includes an ongoing, systematic system of imposing powerful organizational change.

Organization development is both a subject of carried-out technology centered on know-how and handling organizational change and a field of scientific study and inquiry.

Therefore, Organizational development is a field of practice about change. Option C is the correct statement.

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1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?

1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300,

Answers

solution :

sum of dollar =200+220+280+300+310+320+330+

350+390

Now,

average =total sum of all dollar

total sum of worker

=2370

9

=263.333#

Perform online or offline research about possible roles and job descriptions in the sports, entertainment, or recreation marketing industries. Write a short paragraph (about 200 to 500 words) mentioning the jobs available and describing job responsibilities and requisite skills associated with any one job of your choice.

Answers

Answer:

The sports marketing industry offers a wide range of job opportunities. One such job is that of a Sponsorship Account Manager. The Sponsorship Account Manager is responsible for creating, developing and maintaining relationships with sponsors, and ensuring that the company's objectives are met. They work closely with clients to understand their needs and develop effective sponsorship programs that meet those needs. They are also responsible for managing budgets and timelines, negotiating contracts, and ensuring that all deliverables are met.

Requisite skills for this role include excellent communication and interpersonal skills, strong negotiation and contract management abilities, as well as a deep understanding of the sports marketing industry. Candidates should also be able to work well under pressure, manage competing priorities, and be comfortable with using data and analytics to make informed decisions. A Bachelor's degree in Marketing, Business, or a related field is typically required, as well as several years of experience in sponsorship or related fields.

Overall, a Sponsorship Account Manager is a critical role in the sports marketing industry, and one that requires a strong understanding of client needs, excellent communication skills, and the ability to develop effective sponsorship programs that deliver results for both the client and the organization.

Explanation:

The blank is the the minimum amount of your bill you must pay each month.

Answers

minimum payment

the least amount of money that must be paid at the end of a month

• Bank #1 • Bank name • Bank website address • Interest rate for CD, 6 months D • Interest rate for CD, 12 months . Interest rate for savings account . how do I do this?

Answers

Here's an example of how you could format the information you provided:

Bank #1
Bank name: ABC Bank
Bank website address: www.abcbank.com
Interest rate for CD, 6 months: 1.5%
Interest rate for CD, 12 months: 2.5%
Interest rate for savings account: 0.5%

You can use this format to organize and present information about different banks and their interest rates for different types of accounts. Just be sure to provide accurate and up-to-date information, and to double-check any details before sharing them.

How important is a purchases budget and how does it help
managers run a company?

Answers

A purchases budget is crucial for managers to effectively run a company. It sets out a plan for how much money should be allocated to purchasing products or services, which ensures that the business has enough inventory to meet customer demand.

Without a budget, managers could overspend on purchasing and negatively impact the company's financial health. Additionally, a purchases budget helps managers to make informed decisions about which suppliers to purchase from and what quantities of products to buy.

This can lead to better negotiation terms, better pricing, and ultimately increased profitability. Overall, a purchases budget helps managers to track spending, manage cash flow, and make data-driven decisions that benefit the company's bottom line.

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Landscapers must be
knowledgable of which of the
following?
A. Pesticides
B. Economics
C. Human Relations
D. Crop Rotation

Answers

Answer:

B

Explanation:

because they need to deal with all practices that are done by people on environment

Answer:

C

Explanation:

Landscapers need to know human relations because if they want to get something to do for their job, marketing and having an asset is important for the business, if you don't know anyone that needs help, it wouldn't be very good for your business.

Have an awesome day!! I hope this helped!! ^ ^

an investor buys 600 shares of a stock at a price of $18 per share. three years later the value of each stock increased by 40%. what is the total value of the shares of the stock

Answers

The investor would have gained $4,320 in profit after three years, assuming no other costs or changes to the stock price.

If an investor buys 600 shares of a stock at a price of $18 per share, the total cost of the investment would be :

600 * $18 = $10,800.

Three years later, if the value of each stock increased by 40%, the new value of each stock would be:

$18 * (1 + 0.40) = $25.20.

The total value of the 600 shares would then be

600 * $25.20 = $15,120.

Therefore, the investor would have gained $15,120 - $10,800 = $4,320 in profit after three years, assuming no other costs or changes to the stock price. This calculation assumes that the 40% increase in stock price was realized over the course of three years, and that the investor did not sell the stock at any point during that time.

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after having a stroke, husband (h), anxious to avoid going into a nursing home or being cared for by professional nurses, entered into an agreement with wife (w). h promised w that if w personally cared for him at home for the rest of his life, h would devise her certain property by will. in compliance with the agreement, w personally cared for h at home until his death. when he died, h devised the property promised to w to his daughter by a prior marriage. can w enforce the contract?

Answers

The wife possesses all the right to challenge the conduct legally and can enforce the promise by the adoption of the principle of Estoppel

It is a legal concept that prohibits people from arguing against or asserting rights that are in conflict with what they have already said or what has been legally committed. Simply enough, estoppel precludes one person from disputing a former deed or remark.

It is a component of common law and was created to protect people from suffering unfair harm as a result of the inconsistent words or deeds of another. Collateral estoppel and promissory estoppel are two of the most popular types of estoppel.

The common law systems of the United States, the United Kingdom, Canada, and other nations all adhere to the legal theory of estoppel.

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Which person used a cost-saving strategy when deciding how to spend their money?

a. when selecting a new tablet, Rosita carefully read about the features of each model.

b. when purchasing a new jacket, Thao chose the one that was manufactured locally.

c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.

d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.

will give brainliest!

Answers

d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
(cost-saving)

The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.

What is cost-saving stategy?

The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business

What is a dirt bike?

The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.

Hence, option D is the correct answer

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When you see the word "trustee" behind the borrower's name on the signature line, how do you have the borrower sign? Always just the borrower's name Never with the word trustee Ask whoever gave you the signing if the borrower needs to sign with the word trustee Always with the word trustee

Answers

When you see the word "trustee" behind the borrower's name on the signature line, you should have the borrower sign always with the word trustee.

The inclusion of the word "trustee" indicates that the borrower is signing in their capacity as a trustee, representing a trust or other fiduciary entity. It is important to ensure that the borrower signs with the word "trustee" to clearly indicate that they are acting on behalf of the trust and assuming the corresponding legal responsibilities and obligations. This helps establish the legal and contractual relationship between the borrower and the lender, providing clarity and protection for all parties involved.Therefore,when you see the word "trustee" behind the borrower's name on the signature line, you should have the borrower sign always with the word trustee.

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Each year, White Mountain Enterprises (WME) prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases.

In its 2018 income statement, WME reported $11,000 of interest expense on its outstanding bonds. During the year, WME paid its regular installments of $9,000 of interest in cash. In its reconciliation schedule, WME should:
A. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond premium.
B. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond premium.
C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.
D. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond discount.

Answers

Answer:

C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.

Explanation:

According to the scenario, computation of the given data are as follows,

Reported interest expense = $11,000

Interest expense paid = $9,000

So, Adjustment in net income = $11,000 - $9,000

= $2,000 (positive)

Here, The bond is issued at decreased discount when the interest cost exceeds the cash paid for interest expense and the effective interest rate exceeds the stated interest rate.

Hence, option C is the correct answer.

The concepts and tools used to measure the performance of people and departments are known as? delegation of decision making. strategic control.

Answers

The concepts and tools used to measure the performance of people and departments are known as performance management. The correct answer is: C. Responsibility Accounting.

Performance management involves a systematic process of setting goals, monitoring progress, providing feedback, and evaluating performance.

Its aim is to align individual and departmental performance with organizational objectives.

To measure performance, organizations use various tools such as key performance indicators (KPIs), balanced scorecards, and performance appraisals. KPIs are specific metrics that measure progress towards achieving goals. Balanced scorecards provide a comprehensive view of performance by considering multiple aspects such as financial, customer, internal processes, and learning and growth.

Performance appraisals are formal evaluations of an individual's or department's performance. They typically involve setting objectives, assessing performance against those objectives, and providing feedback and development opportunities. These evaluations help identify strengths, areas for improvement, and determine rewards or consequences.

Delegation of decision making is the process of assigning decision-making authority to individuals or departments. It is related to performance management as it involves empowering individuals to make decisions that impact their performance and holding them accountable for those decisions.

Strategic control refers to the monitoring and evaluation of an organization's strategy implementation.

It involves comparing actual performance with planned objectives, identifying deviations, and taking corrective actions. While strategic control is important for assessing overall organizational performance, it is not specifically focused on measuring the performance of individuals or departments.

In summary, the concepts and tools used to measure the performance of people and departments are collectively known as performance management, which includes KPIs, balanced scorecards, and performance appraisals. Delegation of decision making and strategic control are related but distinct concepts that also contribute to performance management.

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The Concepts And Tools Used To Measure The Performance Of People And Departments Are Known As: A. Goal Congruence. B. Planning And Control. C. Responsibility Accounting.(Wrong Answer) D. Delegation Of Decision Making. E. Strategic Control.

the strategy of investors who are attempting a leveraged buyout is to:

Answers

The strategy of investors who are attempting a leveraged buyout is to acquire a company using a significant amount of borrowed money, typically through a combination of debt and equity financing.

In a leveraged buyout (LBO), investors aim to take control of a target company by using borrowed funds to finance a large portion of the acquisition cost. The investors contribute a smaller amount of their own capital, while the rest of the purchase price is covered by debt. This strategy allows investors to amplify their potential returns by using leverage, as they expect that the acquired company's future cash flows will be sufficient to repay the debt and generate a profit.

LBOs are often pursued when investors believe they can improve the target company's financial performance or extract value through various means, such as cost-cutting measures, operational improvements, or restructuring. By taking advantage of the company's assets, cash flows, or growth potential, investors aim to enhance its value and generate a higher return on their investment.


The strategy of investors in a leveraged buyout involves using borrowed funds to acquire a company, with the expectation of improving its performance and generating a higher return on investment. By employing leverage and implementing value-enhancing measures, investors seek to capitalize on the target company's potential and maximize their profits

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VOTE TOM NOOK FOR PRESIDENT FOR 2024

Answers

:0

yas I will vote him!

lol

wait..no! He will just take our money. My answer is a maybe.

Commodity Chain Analysis?

proves that social construction is relevant as a model of technological change

proves that social impacts are irrelevant to technological change

proves that technological determinism is true

proves that manufacturing is the same at all points on a technological diffusion curve

Answers

Commodity Chain Analysis is a framework used to examine the entire process of production, distribution, and consumption of a commodity. None of the given options are correct.

It emphasizes the interconnectedness and interdependence of various actors and stages involved in the production process.

1. Commodity Chain Analysis does not prove that social construction is relevant as a model of technological change. It focuses more on economic and logistical aspects of production rather than the social factors driving technological change.

2. Similarly, it does not prove that social impacts are irrelevant to technological change. Social impacts can play a significant role in shaping and influencing technological advancements.

3. Commodity Chain Analysis does not prove that technological determinism is true. It recognizes that technology is influenced by various factors, including social, economic, and political contexts.

4. It also does not support the notion that manufacturing is the same at all points on a technological diffusion curve. Manufacturing processes can evolve and change as technology advances and diffuses across different regions and contexts.

In summary, Commodity Chain Analysis provides insights into the complex dynamics of production, distribution, and consumption of commodities, but it does not directly address the validity of social construction, social impacts, technological determinism, or the uniformity of manufacturing processes.

None of the given options are correct.

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what do you think the red scare is about Find the value of x3x + 405x - 45 Drag the labels to show how the glucose and hormone levels will change in each mouse after they are joined by parabiosis. labels may be used once, more than once, or not at all Imagine that the U.S. economy finds itself in the following situation: a government budget deficit of $100 billion, total domestic savings of $1,500 billion, and total domestic physical capital investment of $1,600 billion. According to the national saving and investment identity, what will be the current account balance? What will be the current account balance if investment rises by $50 billion, while the budget deficit and national savings remain the same? Which would be an appropriate next step for the moderator?to restate the agenda for the conversationto acknowledge Sarah and allow her to speakto allow Jake to present the information on his topicto move the discussion to the topic of registering volunteers The diagram shows two right angled triangles, joined together along a common side. Calculate the area of the triangle ACD. you must show all your working. (Pleaseee its really urgent!) when an owner explicitly directs the contractor to perform work that is somewhat different from that specified in the original contract documents, what type of change is it? Do you believe that you have soul?why? the standard reduction potentials are as follows: mno4- 8h 5e- -- mn2 4h2o. e=1.51 v. when current is allowed to flow, which species is oxidized. cr2o72- One of the primary factors evaluated when a company is pursuing a leveraged buyout is Multiple Choice Net cash flow. Free cash flow. Cash flow from financing activities. Cash flow from investing activities. Joe is camping in the mountains when dark storm clouds begin rolling in. Joe sees lightning and hears thunder. A lightning strike starts a forest fire in the distance; soon, joe can smell the smoke. Which areas of the brain will process the various sensory inputs joe is receiving from the storm?. Me dumb lol Tammy buy 2 pencil for $2.40. The unit rate for the situation is ____ and the equation will be ____ After 3.5 hours, pasha had traveled 217 miles. If she travels at a constant speed, how far will she have traveled after four hours Posiciones planteadas en el debate why are saprophytes and parasites considered heterotrophs? 21 cans of tomato paste of the same size have weight of 7300 grams. What is the weight of 5 cans. What are the two kinds of ways matter changes? what value of w makes the equation below true? 2w+10=163101217 Solve for n.3(n+1) = 5.4 Explain, in no more than 300 words, four specific strategiesthat multinational firms can use to get around transfer andconvertibility restrictions imposed by host countries.