Answer:
123
Explanation:
The price elasticity of Lisa's demand curve is -2.77. The given the quantity and the price of the pizza.
What is demand?
The term “demand” is relying on people needs and wants to the amount of goods and services. Demand is an economic notion that deals with the connection between consumer demand for goods and services and their market prices.
P1 = $22
Q1= 1
P2= 13
Q2= 6
Calculate the price elasticity of demand -
[tex]\frac{(Q2-Q1)}{(Q2+Q1)/2} X \frac{(P2+P1)/2}{(P2-P1)}[/tex]
[tex]\frac{(6-1)}{(6+1)/2} X \frac{(13+22)/2}{(13-22)}[/tex]
[tex]\frac{(5)}{(7)/2} X \frac{(35)/2}{(-9)}[/tex]
[tex]\frac{(5)}{(3.5)} X \frac{(17.5)}{(-9)}[/tex]
[tex]\frac{87.5}{-31.5}[/tex]
The price elasticity of Lisa's demand curve is -2.77.
Therefore, -2.77 the price elasticity of Lisa's demand curve.
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Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2015, Selma had cash receipts of $1.4 million, which included $200,000 collected on accounts receivable from 2014 sales. It also included the proceeds of a $100,000 bank loan. At the end of 2015, she had $250,000 in accounts receivale from customers, all from 2015 sales.
Required:
a. Compute Selma's accrual basis gross receipts for 2015.
b. Selma paid cash for all of the purchases. The total amount paid for merchandise in 2020 was $1,300,000. At the end of 2019, she had merchandise on hand with a cost of $150,000. At the end of 2020, the cost of merchandise on hand was $300,000. Compute Selma's gross income (profit) from merchandise sales for 2015.
Answer:
a. $1,350,000
b. $200,000
Explanation:
The computation is shown below;
a. Accrual basis gross receipts for the year 2015 is
= Cash receipts + account receivable from year 2015 - collection in account receivable - proceeds of bank loan
= $1,400,000 + $250,000 - $200,000 - $100,000
= $1,350,000
b. Now the Gross income or profit is
As we know that
Gross profit is
= Sales - cost of goods sold
= $1,350,000 - ($1,300,000 + $150,000 - $300,000)
= $1,350,000 - $1,150,000
= $200,000
Discuss whether or not demand for laser eye surgery will become more inelastic over time
Price elasticity of demand is referred to as the tool that measures the sensitivity of the quantity demanded and the price of the products and services. The moment when the price rises the quantity demanded falls and vice-versa happens in the other moment.
The demand for laser eye surgery will be more demanded or demand will be inelastic because as we advance in technology more people will start to use these new electronics so many people with get their eyesight ruined by the constant blue light their eyes are receiving which will lead to people getting laser eye surgery to fix their damaged eyes.
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Suppose VS's stock price is currently $20. A six-month call option on VS's stock with an exercise price of $15 has a value of $7.14. What is the price of an equivalent put option? The six-month risk-free interest rate is 5% per six-month period.
a. $1.43
b. $9.43
c. $8.00
d. $12.00
Answer: $1.43
Explanation:
To solve this, we would use the put call parity. We then calculate the value of the out which will be:
= $7.14 + $15/(1 + 5%) - $20
= $7.14 + $15/(1 + .05) - $20
= $7.14 + $15/(1.05) - $20
= $7.14 + $14.29 - $20
= $1.43
The price of an equivalent put option is $1.43
Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a low compound interest rate
B. A card with a high compound interest rate
C. A card with a low simple interest rate
D. A card with a high simple interest rate
Answer:
B. A card with a high compound interest rate
Explanation:
A.P.E.X
Wei Inc. is considering a capital budgeting project that has an expected return of 25% and a standard deviation of 30%. What is the project's coefficient of variation?
If the Federal Reserve buys $250 million worth of U.S. Treasury bills in the open market, and the reserve ratio is 10%, then at most the money supply will:________
Answer: c) potentially increase by $2,500 million.
Explanation:
If the Federal reserve buys $250 million worth of US Treasury bills then they are injecting money into the economy. This money will potentially be deposited in banks which will then use it to create money by continually loaning it out.
Should that be the case, the maximum amount that will be created is calculated by;
= Total cash introduced / reserve ratio
= 250/0.10
= $2,500 million
Cash will potentially increase by $2,500 million.
Does anyone know quick ways to make money.
Answer:
Sell products online.
Sell used books on Amazon.
Start a Shopify ecommerce store.
Build a free-plus-shipping ecommerce sales funnel.
Do gigs on Fiverr.
Sell services on Upwork or 99Designs.
Build a high-ticket coaching or consulting funnel.
Answer:
robbing banks, helping out, picking pockets, digging under sofas for lost change, yard sales, bake sales, birthdays, helping out, selling things such as clothes you don't want or need, begging, advertizing, fund raisers, getting a summer job, etc.
Rachel's Designs has 2,000 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $23,000 in 2021. How much of the $23,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders?
Preferred dividends in arrears for 2019 and 2020?
Preferred dividends for 2021?
Total Dividends?
Answer:
Dividend of preferred shares = No of shares * Dividend percent * Par value of shares = 2,000 * 7% * $50 = $7,000
Hence, dividend in arrears for the year 2019 and 2020 is $14,000 ($7,000+$7,000). Dividend for 2021 is $7,000
Description Amount
Preferred dividend in arrear for the year 2019 and 2020 $14,000
Add: Preferred dividend for the year 2021 $7,000
Total preferred dividend $21,000
Less: Total dividend $23,000
Dividend for common shareholder ($2,000)
Hence, dividend paid for cumulative preferred share in the year 2021 is $21,000 and the amount paid for common shareholders is $2,000
How much will be paid to common stockholders is 2,000
Preferred dividends in arrears for 2019 and 2020 is 14,000
Preferred dividends for 2021 is 7,000
Total Dividends is 23,000
Preferred dividends for 2021
(2000 x .07 x $50)= 7,000
Dividend distribution
Preferred dividends for 2019 and 2020 $14,000
(7,000×2)
Preferred dividends for 2021 7,000
Remaining dividends for common stockholders 2,000
(23,000-14,000-7,000)
Total dividends 23,000
(14,000+7,000+2,000)
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dry cleaning is also known as
Answer:
Dry scouring.
Explanation:
Here's some information for you incase you needed to know alittle more. Just write it in your own words do not copy.
Suppose that Megan receives higher pay at her workplace than her colleagues do, even though they perform essentially the same type of work. If Megan's productivity is about 25% higher than that of each of her colleagues, which of the following wage concepts can explain this wage disparity? Check all that apply.
Answer:
Megan can get more money by working at higher wages, longer hours, and retirement benefits. Also, they can get benefits such as free products and family discount. Megan would also like everything else that her colleagues asked for specifically.
Explanation:
Also, the colleagues would like to get a higher percentage that is parallel and exponential to Megan's pay.
What did Brian do in Three Signs of a Miserable Job to help his employees understand how they would be measured?
Answer: Observed the employees, found out they saw their work irrelevant and observed the staff suffered from anonymity
Explanation:
Brain showed three(3) signs;
- He observed his employees who found it difficult measuring their own performance.
- He discovered that employees saw their work irrelevant, and made them not to place value on it
- He observed that the staff suffered from not being acknowledged, and no one was interested in the employees as individuals.
In addition, he tasked each employee to notify who they served and who would find their work relevant when they do it.
Sooner Machinery Company purchased a delivery truck at a cost of $56,000 on March 10, 2018. The truck has a useful life of six years with an estimated salvage value of $5,000. Compute the annual depreciation for the first two calendar years using
a. The straight-line method.
b. The 150% declining-balance method.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $56,000
Useful life= 6 yearsd
Salvage value= $5,000
a. To calculate the annual depreciation, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (56,000 - 5,000) / 6= $8,500
Year 1:
Annual depreciation= (8,500/12)*10= $7,083.33
Year 2:
Annual depreciation= $8,500
b. To calculate the annual depreciation, we need to use the following formula:
Annual depreciation= 1.5*[(book value)/estimated life (years)]
Year 1:
Annual depreciation= [(1.5*8,500)/12]*10= $10,625
Year 2:
Annual depreciation= [(51,000 - 10,625)/6]*1.5
Annual depreciation= $10,093.75
A European investor can earn a 4.75 percent annual interest rate in Europe or 2.75 percent per year in the United States. If the spot exchange rate is $1.58 per euro, at what one-year forward rate would an investor be indifferent between the U.S. and European investments?
Answer:
To obtain the same returns, the interest rate in the United States should be 7.5%.
Explanation:
Since $ 1.58 dollars is equal to $ 1 euro, the difference between both currencies arises from the following calculation:
1 = 100
1.58 = X
((1.58 x 100) / 1) = X
158/1 = X
158 = X
Therefore, a euro is worth 58% more than a dollar is worth.
Thus, if the investment in Europe has an interest rate of 4.75%, to obtain the same return in dollars, an interest rate of 58% must be obtained, that is:
4.75 x 1.58 = X
7.5 = X
Thus, to obtain the same returns, the interest rate in dollars should be 7.5%.
The valuation of the cat food business is based on cash flows of $180,500 per year over a five year period. The target business has the same risk as the firm’s overall operations. The cost of equity is 15 percent and the cost of debt is 3 percent on an after-tax basis. The firm’s capital structure consists of 10 million in equity and 8 million in debt.
What is the most the pet-food manufacturer should pay for acquiring the cat food business per its required return (WACC)?
Answer: $690,044
Explanation:
First calculate WACC.
Total capital = 10 + 8 = $18 million
WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)
= (8/18 * 3%) + (10/18 * 15%)
= 9.67%
Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.
= 180,500 * (1 - (1 + r) ^-n)/r
= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%
= $690,044.67
= $690,044
They should pay no more than this present value.
ILL GIVE BRAINLIEST! HELP ASAP!
Answer:
She has the peace of mind that her money will remain safe in the bank.
Explanation:
A "deposit money" refers to an amount of money that a person deposits/puts into the bank for the reason of keeping it safe. This is the actual benefit of depositing money.
However, if Lila deposits her earnings into a savings account, it will earn interest. It is only the checking account that doesn't earn interest over time because it is meant for daily transactions. This makes the second sentence (She does not receive any interest from her savings account) incorrect.
Transferring money through checks is actually safer than withdrawing cash and carrying it with you. Thieves will be attracted to steal your money if you carry it around. Checks can be traced and it can only be cashed out by the person you've issued it to. This makes the third sentence (She feels that transferring money through checks is unsafe) incorrect.
Answer:
She has the peace of mind that her money will remain safe in the bank.
Explanation:
A "deposit money" refers to an amount of money that a person deposits/puts into the bank for the reason of keeping it safe. This is the actual benefit of depositing money.
However, if Lila deposits her earnings into a savings account, it will earn interest. It is only the checking account that doesn't earn interest over time because it is meant for daily transactions. This makes the second sentence (She does not receive any interest from her savings account) incorrect.
Transferring money through checks is actually safer than withdrawing cash and carrying it with you. Thieves will be attracted to steal your money if you carry it around. Checks can be traced and it can only be cashed out by the person you've issued it to. This makes the third sentence (She feels that transferring money through checks is unsafe) incorrect.
The Expense Account selected for inventory parts would normally have the account type ____________.
a. Revenue
b. Cost of Goods Sold
c. Income
d. Expense
Answer:
b. Cost of Goods Sold
Explanation:
An inventory turnover can be defined as a measure of the amount of times an inventory used or sold by an organization at a specific period of time. The inventory turnover is calculated by dividing cost of goods sold by average inventory.
The Expense Account selected for inventory parts would normally have the account type Cost of Goods Sold.
Which of the following states of financial distress would be considered the most troubling for an investor or creditor?
a. restructuring debt
b. paying an accounts payable after the billing date
c. failing to make a required interest payment on time
d. defaulting on a principal payment on debt
Answer:
d. defaulting on a principal payment on debt
Explanation:
Remember, there is usually a penalty when one (either an investor or creditor) defaults on a payment on debt such as having to paying higher interest rates on the existing debt or even affecting your ability to get needed debt in the future.
It is because of this foreknowledge of the financial distress attached to defaulting, making most investors and creditors try as much as possible to avoid this scenario.
Discuss the characteristics of the different functional structures used to implement the cost leadership, differentiation, integrated cost leadership/differentiation, and focused business-level strategies.
Explanation:
1-Cost leadership: in this functional structure, the organization's focus is to achieve competitive advantage in business through the strategy of pricing products and services cheaper than those of competitors. For this, it is necessary that the organization is fully integrated in order to join efforts so that there are joint actions in favor of reducing costs.
2- Differentiation: In this strategy, the focus is to offer products and services that are differentiated from those offered by the competition, that is, the organization seeks to offer products and services that have different benefits and characteristics to add value to the consumer, regardless of price.
3- Leadership / integrated cost differentiation: The company needs integration of its production systems, management and network system, so that it is possible to achieve economies of scale that reduce the cost of production and sales, and search for continuous improvement in all its processes .
4- Focused business level strategies: In this strategy, the organization will look for a specific market niche to operate and then look for cost reduction through a price system below those practiced in the market.
Raymond purchased a utility trailer on 2/18/2018. The trailer was delivered on 3/10/2018. He added side rails and a lift to the bed of the trailer. The work was completed and the trailer ready for use on 4/2/2018. What is the date placed in service?
a. 02/18/2018
b. 03/10/2018
c. 04/02/2018
d. 01/01/2018
Answer:
B. 03/10/2018
Explanation:
The date placed in service is 03/10/2018 since this was the date that this trailer or machine was delivered for use according to the question.
The date in service can be defined to be the date that an inventory item such as this machine was made available for service or in other words made available for use. We use this date to calculate the depreciation on the serial inventory.
Answer:
i think its d
Explanation:
If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the monetary base equals:________
Answer:
the monetary base is $150 billion
Explanation:
The computation of the monetary base is shown below:
Monetary base is
= Currency held by the public + reserve held by the banks
= $100 billion + $50 billion
= $150 billion
Hence, the monetary base is $150 billion
We simply applied the above formula so that the correct value could come
And, the same is to be considered
____ leadership is the ability to anticipate, envision, maintain flexibility and think strategically and work with others to initiate changes that will create a positive future for an organization.
1 Strategic
2 Charismatic
3 Visionary
4 None of the above
Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7.9%. What is the duration if the yield to maturity is 11.9%
Answer:
Duration of the bond = 2.83 years
Explanation:
PMT = 1000*6% = 60
YTM = 7.90%
Year PMT PV of PMT Weight Year*Weight
1 60 55.60704356 0.05847545953 0.05847545953
2 60 51.53572156 0.05419412375 0.1083882475
3 1060 843.8039056 0.8873304167 2.66199125
Sum 950.9466707 2.82885495703
Duration of the bond = 2.82885495703
Duration of the bond = 2.83 years
I NEED HELP!! THIS IS SO CONFUSING!!
Explanation:
AD decreas price level increases and real GDP increase
We should expect the supply curve of the pure monopolist to most likely be:_______
a. relatively elastic.
b. horizontal.
c. perfectly inelastic.
d. non-existent.
Answer:
d. non-existent.
Explanation:
In a pure Monopoly like market, where seller only is the controller of the price in the market with large number of buyers,the supply curve has not any fixed shaped or we can simply say that at a Monopoly has no well defined supply curve. Thus, the demand curve of pure monopoly is downward sloping. We should expect the supply curve of the pure monopolist to most likely be non-existent.
HomeFront Construction Company built large, single-family homes for 25 years. Then there was a shift toward more demand for small luxury condominiums, and HomeFront changed its focus. The change in demand could be explained by:_____
a. the increasing number of senior citizens who are "empty-nesters."
b. the fact that consumers in urban areas generally have higher incomes.
c. the increasing number of 45-64 year olds whose children are grown.
d. All of these explanations could be relevant.
Answer:
d. All of these explanations could be relevant.
Explanation:
Change in demand for small luxury condominiums, from large single family homes could be : due to any of these three reasons - changing 'taste & preferences' of people
Increase in senior citizen (old parents) , whose children have moved away from home. So, they might feel settling in community apartments better rather than full lonely homes (without children) Urban area aged people tend to have higher income & financial base for purchasing luxury condominiumsIf the amount of factory overhead cost incurred exceeds the amount applied, the factory overhead account will have a:______
a. debit balance and be overapplied
b. credit balance and be underapplied
c. credit balance and be overapplied
d. debit balance and be underapplied
Answer: D
Explanation:
The price of a European call that expires in six months and has a strike price of $30 is $2. The underlying stock price is $29, and a dividend of $0.50 is expected in two months and again in five months. Risk-free interest rates for all maturities are 10%. What is the price of a European put option that expires in six months and has a strike price of $30?
Answer:
The price of put option is $2.51
Explanation:
The relation between the European Put option and Call option is called the Put-Call parity. Put-Call parity will be employed to solve the question
According to Put-Call parity, P = c - Sо + Ke^(-n) + D. Where P=Put Option price, C=Value of one European call option share. Sо = Underlying stock price, D=Dividend, r=risk free rate, t = maturity period
Value of one European call option share = $2
Underlying stock price = $29
Dividend = $0.50
Risk free rate = 10%
Maturity period = 6 month & 2 month, 5 month when expecting dividend
P = c - Sо + Ke^(-n) + D
P = $2 - $29 + [$30 * e^[-0.10*(6/12)] + [$0.50*e^(-0.10*(2/12) + $0.50*e^(-0.10*(5/12)]
P = $2 - $29+($30*0.951229) + ($0.50*0.983471 + $0.50*0.959189)
P = -$27 + $28.5369 + $0.4917 + $0.4796
P = $2.5082
P = $2.51
Therefore, the price of put option is $2.51
Which of the following is the best example of a good?
Question 17 options:
1) the physical examination you received from your doctor
2) the birthday candles you purchased to go on your sister's birthday cake
3) the airplane flight you took to attend a funeral
4) the driving lessons you took
5) the life guarding class you took last summer
Answer:
option 2
Explanation:
The best example of the good is the birthday candles that should be bought for the birthday cake of your sister.
The information related to the good is as follows:
A good is an item that should be purchased from the company or an individual based on the needs or wants of the consumer. It can be intangible & tangible.It involved the goods that have any existence like birthday candles, etc.Therefore the other options are incorrect.
So we can conclude that The best example of the good is the birthday candles that should be bought for the birthday cake of your sister.
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Differences between financial statement and taxable income were as follows:
$ in million
Pretax accounting income $300
Permanent difference (24)
276
Temporary difference 18
Taxable income $258
The cumulative temporary difference as of the end of 2021 is $104 million (also the future taxable amount). The enacted tax rate is 25%. What is the deferred tax asset or liability to be reported in the balance sheet?
Answer:
Deferred tax liability = $26,000,000
Explanation:
The deferred tax liability is calculated at the tax rate of 40% on the future taxable income:
Deferred tax liability = $104,000,000*25%
Deferred tax liability = $26,000,000
Thus, $260,00,000 is the deferred tax asset or liability amount to be reported in the balance sheet as current or long term.
The plant and production benchmark data on p.6 of each issue of the Footwear Industry Report
A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.
B. are especially helpful to company managers in determining whether their company is overspending on advertising.
C. are primarily useful to managers in determining whether their company's total manufacturing costs are low enough to enable the company to meet or beat the EPS targets established by investors.
Answer:
A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.
Explanation:
Benchmarking is used by companies to compare products, processes, and prices with others in the industry. This ensures that the company maintains competitive edge that is on par with others in the industry.
In the given scenario benchmarking will help a company know if the price they are charging for their footwear is high or low compared to other companies offering similar services.
In a competitive market if the price offered by one supplier is high compared to others they will move to a cheaper supplier. So it is important to maintain a price that will attract customers
Reports are aimed at helping decision-makers to find out if their policies are right or not. The plant and production benchmark data on p.6 of each issue of the Footwear Industry Report;
A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too high or too low.On page 6 of the Footwear Industry Report, we see a table that shows us the price range and daily units of production of footwear.
The number of exports is also recorded. With this, managers can determine whether the prices are high or low based on exports.
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