Using the following information, compute trend percents for the above accounts, using 2011 as the base year. 2015 2014 2013 2012 2011Sales $282,880 $270,800 $52,600 $234,560 $150,000Cost of goods sold 128,200 122,080 115,280 106,440 67,000Accounts receivable 18,100 17,300 16,400 15,200 9,000

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Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.