Answers
Answer:
PV of the six year annuity = $201,923.57
Explanation:
This is an example of an advanced annuity. A series of constant amount receivable for certain number of years with first one occurring immediately.
Present Value of the annuity for the next five years=
A× 1- (1+r)^(-n)/r
A- annual cash flow, n- number of period, r-interest rate per period
A- 43,000, r- 11%, n- 5
=43,000× (1- 1.11^(-5))/0.11
=158,923.57
The first cash flow of 43,000 occurs immediately , hence it is already discounted. Hence the PV of the total cash flows would be the sum of the PV of the next five year cash flows and the one received now.
Hence,
PV = 158,923.57 + 43,000= 201,923.57
PV of the six year annuity = $201,923.57
Related Questions
The following companies and scenarios are fictional. In each case, you are to demonstrate graphically the change in the model and then provide a hypothetical explanation of what happened.
1. Becky’s Bongos sales are falling even while they continue to decrease price.
Answers
Answer:
The fact that Becky Bongos sales are falling continually even though they keep decreasing the price shows that the underlying problem is not as a result of the customers' dissatisfaction with price. The underlying problem can be any other factors like not paying attention to customers' needs, poor quality of the commodity, lack of proper marketing, and the presence of a superior competition. The solution is not the reduction of price but rather, a closer look should be paid to these other factors.
Becky’s Bongos sales are falling, even while they continue to decrease price, is not the effect of decreasing sales. It decreases due to other factors than price.
Why sales are falling?The information that Becky Bongos sales are falling continually even though they keep decreasing the price proves that the given problem is not as an outcome of the price, but it is the outcome of other factors.The given issue can be any other factors like not focusing on customers' needs, giving poor quality of the commodity, lack of correct marketing, and not response in the market due to the presence of a superior competition. The solution of the given situation is not the reduction of price but, there are other factors which affect the sales.The graph of demand and supply curve are:Here,
\(D_{0} = \text{Old Demand }\\\\D_{1} =\text{New demand}\\\\P_{0}= \text{Original price}\\\\P_{1}= \text{New price}\\\\Q_{0}=\text{Original quantity}\\\\Q_{1}=\text{New quantity}\)
Therefore, decreasing in price is not the causes of decrease in sales, it is due to the other factors.
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conversion costs do not include which of the following costs?
a. Direct Materials
b. Direct labor
c. production
d. all of the above
Answers
Answer:
I am pretty sure the answer is A) direct materials
Explanation:
Conversion cost equals direct labour plus manufacturing overhead
The us government would most likely get involved in which economic issue?
Answers
Answer: The United States government is most likely to get involved in economic issues related to taxation, trade, labor, and the regulation of businesses. Additionally, the government may get involved in other economic issues such as poverty, unemployment, inflation, and the national debt.
The United Fruit Company had an opportunity to reassess their business methods when the fungus arrived. How did they respond to the fungus? What was the result of their response?
Answers
United Fruit Company was unable to restrategize against the Fungus outbreak, simply abandoned the infected plants which leavs tens of thousands of workers jobless.
What does United Fruit Company specializes on?The company produces juices with its grown plant but was threatened by outbreak of Fungus which affected the growth of the plants
In conclusion, the Company was unable to restrategize against the Fungus outbreak, simply abandoned the infected plants which leavs tens of thousands of workers jobless.
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the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.
Answers
The cash flows to investors from operating activities for Oriole Mills Company is $543,973.
To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:
Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities
Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:
Net Income:
Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927
Net Income = $269,373
Depreciation Expenses = $179,600
Non-Cash Interest Expenses = $94,000
Changes in Working Capital:
Increase in Current Assets = 0 (no information provided)
Increase in Current Liabilities = 0 (no information provided)
Decrease in Current Assets = 0 (no information provided)
Decrease in Current Liabilities = 0 (no information provided)
Finally, we can calculate the cash flows to investors from operating activities:
Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0
Cash Flows from Operating Activities = $543,973
Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.
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(b) Develop a spreadsheet model and solve the problem using Excel Solver. (Round the Newspaper Dollars Allocated and the Radio Dollars Allocated to the nearest cent. Round the Total Exposure Index to the nearest integer.) Newspaper Dollars Allocated $ 5333.33 X Radio Dollars Allocated $________ Total Exposure Index _________
Answers
Newspaper dollars allocated at $5333.33 divided by radio dollars allocated at $666.67 generates the Total Exposure Index of 12000C.
How does exposure index work?The exposure received by the image receptor (IR) is measured by the exposure index (EI). It is determined by beam attenuation, mAs, and the total irradiated area of the detector. The image quality is indicated by the exposure index. The mean detector entrance exposure, in turn derived from the image's mean pixel value, is used to calculate EI. Even though IR exposure is always the source of EI, different manufacturers of equipment calculate the value differently, which results in different ranges and definitions. Technicians can use CR/DR modalities to verify Automatic Exposure Control (AEC) dose set points by confirming EI values.
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Jake is the manager of a cafe in Houston Texas. Jake opened a bank account under the cafe name
Answers
Jake’s Finer Foods is a family-owned, Houston-based broadline distributor and food supplier delivering quality food, exceptional service and custom solutions to foodservice providers throughout Texas and Louisiana since 1946.
Jake’s services a wide range of industry segments, including independent restaurant operators, multi-unit chains, retail grocery, daycares, caterers and corporate cafeterias. Its complete line of product offerings also includes fresh-cut, premium meats from Gourmet Ranch, Jake’s exclusive custom butcher shop.
From its simple and humble start selling eggs door-to-door, to today tapping into global trends, and national and local brands, Jake’s Finer Foods is a thriving family business that is led by faith – impacting lives and helping others achieve their goals.
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The measurement of the Aggregate Supply
Curve takes into account all goods and
services and their corresponding average price
level. What is the label for the Y-Axis?
A. average income
B. maximum price level
C. average price level
Answers
Answer:
C; Average Price Level
Explanation:
Here, we want to get what is on the label of the y-axis
The aggregate supply curve is simply a plot of the average price level against the real GDP( gross domestic product)
From this definition, we can see that we have the average price level on the y-axis and we have the real GDP on the x-axis
Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
Answers
In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)
Answers
The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.
An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.
The case was handled in Utah's Central Division of the US District Court.
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Externalities and Public Goods - End of Chapter Problem
Each of the given scenarios involves an externality. Classify each scenario based on whether or not it is likely that private bargaining could be used to achieve a socially optimal outcome in each case.
Likely Not likely
LaShawn's neighbor mows his lawn Opening an Apple store in a mall causes
during the night. overall sales in the mall to increase by 10%.
The production of steel results in
pollution that affects millions of
residents in the surrounding area.
Answers
Answer:
LaShawn's neighbor mows his lawn during the night.
DEPENDING ON HOW OFTEN LASHAWN'S NEIGHBOR MOWS HIS LAWN, A PRIVATE BARGAINING MIGHT BE USEFUL. IF THIS HAPPENS ONCE A MONTH, THE NEED OF INTERVENTION IS NOT SIGNIFICANT. BUT IF THIS HAPPENS MORE OFTEN, PROBABLY THEN BOTH MEIGHBORS WILL NEED TO BARGAIN AN OPTIMAL SOLUTION.
Opening an Apple store in a mall causes overall sales in the mall to increase by 10%.
THIS IS A POSTIIVE EXTERNALITY, THEREFORE, ANY TYPE OF INTERVENTION WILL PROBABLY MAKE THE SITUATION WORSE.
The production of steel results in pollution that affects millions of residents in the surrounding area.
IN THIS CASE, YOU NEED GOVERNMENT INTEREVENTION. POLUTION IS SOMETHING THAT AFFECTS THE GEENRAL PUBLIC, THEREFORE, IT MUST BE ADDRESSED BY THE EPA. IN CASE THE EPA AND OTHER GOVERNMENT INSTITUTIONS DECIDE TO DO NOTHING, THEN YES, PRIVATE BARGAINING WILL PROBABLY BE NECESSARY.
Pollution is the release of potentially harmful substances into the environment. These potentially harmful compounds are referred to as pollutants. Examples of natural pollutants include volcanic ash. They can also be spread by human activities like garbage or runoff from factories. Pollutants degrade the quality of the air, water, and land.
Explain about the affects of pollution?
High amounts of air pollution can have a number of negative health effects. Lung cancer, heart disease, and respiratory infections are all at increased risk because of it. Exposure to air contaminants, both short-term and long-term, has been linked to adverse health effects.
The neighbor of LaShawn cuts his lawn at night.
A PRIVATE BARGAINING COULD BE USEFUL DEPENDING ON HOW OFTEN LASHAWN'S NEIGHBOR MOWS HIS LAWN. IF THIS HAPPENS ONCE A MONTH, INTERVENTION IS NOT NEEDED IN A SIGNIFICANT WAY. However, if this occurs more frequently, it's likely that both neighbors will need to negotiate an ideal resolution.
A mall's overall sales improve by 10% if an Apple store opens there.
ANY KIND OF INTERVENTION WILL LIKELY MAKE THE SITUATION WORSE BECAUSE THIS IS A POOR EXTERNALITY.
Millions of people who live nearby are impacted by the pollution that emerges from the production of steel.
YOU NEED GOVERNMENT INTERVENTION IN THIS CASE. Because pollution has an impact on the general public, the EPA must address it.
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Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2% stock, $60 par and 300,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $51,000; second year, $105,000; third year, $81,000; fourth year, $120,000.
Determine the dividends per share on each class of stock for each of the four years. Round your answers to two decimal places. If no dividends are paid in a given year, enter "0".
Answers
Answer:
Seventy-Two Inc.
Dividends Per Share:
Dividend per share Year 1 Year 2 Year 3 Year 4
Cumulative preferred $1.20 $1.20 $1.20 $1.20
Common stock $0 $0.04 $0.03 $0.16
Explanation:
a) Data and Calculations:
Outstanding stocks:
Cumulative Preferred 2% stock = 60,000
Cumulative Preferred par value = $60
Total value of cumulative preferred stock = $3,600,000
Cumulative preferred dividend (annual) = $72,000 ($3,600,000 * 2%)
Dividends payout Year 1 Year 2 Year 3 Year 4
Dividends distributed:
Cumulative preferred $72,000 $72,000 $72,000 $72,000
Dividends paid 51,000 93,000 72,000 72,000
Outstanding dividends 21,000 0 0
Common stock $0 $12,000 $9,000 $48,000
Total dividend distributed $51,000 $105,000 $81,000 $120,000
Cumulative preferred stock Common stock
Year 1: $1.20 ($72,000/60,000) $0 ($0/300,000)
Year 2: $1.20 ($72,000/60,000) $0.04 ($12,000/300,000)
Year 3: $1.20 ($72,000/60,000) $0.03 ($9,000/300,000)
Year 4: $1.20 ($72,000/60,000) $0.16 ($48,000/300,000)
Dividend per share = Dividend/No. of outstanding shares (each class)
The Bawl Street Journal costs $580, payable now, for a 2-year subscription. The newspaper is published 252 days per year (5 days per week, except holidays). If a 10% nominal annual interest rate compounded quarterly is used: What is the effective annual interest rate in this problem?
Answers
Answer:
The effective annual rate of interest is "10.38%".
Explanation:
The given values are:
Nominal annual interest rate,
Q = 10%
i.e.,
= 0.10
Quarterly compounding,
q = 4
Now,
The effective annual rate of interest will be:
= \([{1 + (\frac{Q}{q} )}^q] - 1\)
On substituting the given values in the above formula, we get
= \([{1 + (\frac{0.10}{4} )}^4] 1\)
= \([(1 + 0.025)^4] - 1\)
= \((1.025)^4-1\)
= \(1.10381289 - 1\)
= \(0.10381289\)
On converting it into percentage, we get
= \(10.38\)%
5. Briefly describe the asymmetric information theory of capital structure. What are its implications for financial managers?
Answers
Answer:
According to the theory of asymmetric information applied to capital structure. because managers know more about the value of the firm than external investors, managers tend to favor a capital structure that is higher on equity (internal financing) than debt (external financing).
This asymmetric information may also lead them to benefit old investros over new investors.
q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Answers
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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A debt to owners' equity ratio of over 100 percent would mean
Multiple Choice
the company is in too much debt, and should restructure.
the company has more equity than debt
the company has more debt than equity.
by comparison with other firms, the company is probably in good shape.
Answers
Answer:
A debt to owners' equity ratio of over 100 percent would mean that:
the company has more debt than equity.
Option C is the correct answer. A debt to owners' equity ratio of over 100% indicates that the company has more debt than equity. This means that the company is relying more on borrowing to finance its operations rather than relying on its own equity. A high debt to equity ratio could indicate that the company is taking on too much debt, which could increase its financial risk and make it more difficult to obtain further financing. It is generally considered unfavorable for a company to have a high debt to equity ratio, as it could make the company more vulnerable to economic downturns or other financial stress.
The following data refer to the units processed by the grinding department for a recent month. Beginning work-in-process 12,000 Units started 200,000 Units completed 192,000 Ending work-in-process 20,000 The beginning work-in-process was 60% complete, and the ending work-in-process is 70% complete. What are the equivalent units of production for the month using the FIFO method
Answers
Answer:
the equivalent units of production for the month using the FIFO method is materials = 200,000 units and conversion costs = 198,800 units.
Explanation:
FIFO method in Process Costing seeks to account the units worked during the production period only.
Materials
To finish Opening Work In Process (12,000 x 0%) 0
Started and Completed (192,000 - 12,000) x 100% 180,000
Ending Work In Process (20,000 x 100%) 20,000
Equivalent units of Production 200,000
Conversion Costs
To finish Opening Work In Process (12,000 x 40%) 4,800
Started and Completed (192,000 - 12,000) x 100% 180,000
Ending Work In Process (20,000 x 70%) 14,000
Equivalent units of Production 198,800
Conclusion :
the equivalent units of production for the month using the FIFO method is materials = 200,000 units and conversion costs = 198,800 units.
11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answers
Answer:
Explanation:
D
Computer-assisted telephone interviewing has replaced online survey research as the most popular method of
collecting data.
a. True
b. False
Answers
The statement "Computer-assisted telephone interviewing has replaced online survey research as the most popular method of collecting data." is false. Option B
What is Computer-assisted telephone interviewing?Generally, The Computer-Assisted Personal Interviews (CAPI) technique is a face-to-face data-collecting approach in which the interviewer utilizes a tablet, mobile phone, or computer to record responses made during the interview. This technique is also known as a computer-assisted telephone interview (CATI).
Computer-assisted telephone interviewing (CATI) is a method of conducting telephone surveys in which the interviewer is guided through the questions by a script that is generated by a software program.
In conclusion, The claim that computer-assisted telephone interviewing has surpassed online survey research as the most common approach of data collection is untrue.
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teegan is in college and trying to decide her major for a bachelor’s degree. she wants to work in manufacturing. which job requires a bachelors degree?
repair technician
production worker
purchasing agent
filling machine operator
Answers
Answer:
purchasing agent is the right answer
Teenager in college who want to work in manufacturing that requires a bachelors degree will be a purchasing agent.
Who is purchasing agent ?Purchasing agent is in charge of administration in a company or firm they are involved with purchased.
This individual can buy goods in his or her country to send to foreigners who are not resident in the country.
Therefore, Teenager in college who want to work in manufacturing that requires a bachelors degree will be a purchasing agent.
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Question 9 of 10
Governments can cause the supply of a good to decrease by:
OA. funding training related to making the good.
B. investing in new technology to produce the good.
C. reducing the taxes paid to make the good.
D. adding expensive regulations on the good.
SUBI
Answers
Answer:
D
Explanation:
hope this helps I'm not sure if it's correct
Katherine, a production manager at ABC Products, is interested in monitoring how projects were progressing, take steps to see if they were on time, and keep an eye on budget concerns. Which of the following can Katherine use?
a. Division of labor
b. Taylorism
c. Esprit de Corps
d. Scalar Chain principle
e. A scheduling system
Answers
Katherine can use a scheduling system. Option (e) is the correct answer to the question.
What do you mean by Budget?In a budget, intended expenses are expressed together with suggestions for how to fund them. A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other resources.
Managers of production and operations make sure that goods are produced effectively and efficiently and that they adhere to all quality standards. They are also essential for organizing and projecting future demand, as well as controlling inventory levels.
Therefore, Option (e) is correct.
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list and identify donors restrictions about net asset and change in net asset.
Answers
Net assets with donor restrictions – The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions.
How do you define an asset?An asset is something with monetary worth and/or potential reward. A machine, a financial instrument, or a patent are examples of assets that frequently provide cash flows in the future. Personal property can include a home, car, investments, works of art, or household items.
What kind of asset is that?Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.
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This case discusses the case of India and the potential impact of the new government's reforms on the future of India. The case discusses some of the factors that have prevented India from growing faster while also emphasizing the need for reforms. Answer the following questions:
1. What are some of the factors that show that India has lots of promise to shine among the emerging market economies?
2. What are some of the factors that are preventing India from achieving its full potential?
3. Why was China able to achieve such economic growth more easily than India?
4. What are some of the tough reforms that India has to go through in order to succeed?
Answers
Some of the factors that show that India has lots of promise to shine among the emerging market economies are;
India's substantial manufacturing growth, business-friendly reforms, infrastructure development, and political stability make the country the most notable developing market for investors to invest in.What are some of the factors that are preventing India from achieving its full potential?India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.
Why was China able to achieve such economic growth more easily than India?While economic reforms may account for some of the differences, China outpaced India because:
(1) the economy was privatized sooner;
(2) prices were released sooner;
(3) the labor market underwent much deeper reforms; and
(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.
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A body of the letter is composed of the:
Answers
Answer: Introduction, supporting details, and conclusion.
Answer:
Introduction, supporting details, and conclusion.
Explanation:
The United States government sometimes has to interfere with the economy. Why would the government initiate an antitrust suit against a company?
A.
to ensure companies are paying all employees at least the minimum wage
B.
to ensure companies do not monopolize any particular realm of business
C.
to ensure businesses comply with safety and health regulations to protect workers
D.
to ensure businesses are being kind to the environment and not wasting natural resources
Answers
Answer:
c
Explanation:
Which type of manager is responsible for production and quality control?
Answers
How do you feel when you buy a product that is overpriced?
Answers
Hope this helps :)
Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
Price Quantity Demanded by Business Travelers Quantity Demanded by Vacationers (Dollars)
150 2,100 (Tickets) 1,000 (Tickets)
200 2,000 800
250 1,900 600
300 1,800 400
Required:
a. As the price of tickets rises from $200 to $250, what is the price elasticity of demand for (i) business travelers and (ii)vacationers? (Use the midpoint method in your calculations.)
b. Why might vacationers have a different elasticity from business travelers?
Answers
Answer and Explanation:
a. The computation of the price elasticity of demand is
i. For business travelers
= {(1900 - 2000) ÷ [(1900 + 2000) ÷2]} ÷ {(250 - 200) ÷ [(200 + 250) ÷ 2]}
= 0.23
ii. For Vacationers
= {(800 - 600) ÷ [(800 + 600) ÷ 2]} ÷ {(250 - 200) ÷ [(200 + 250) ÷ 2]}
= 1.29
b. Since the price would increase from $200 to $250 so the price elastiicy of business travelers & vactationers is 0.23 and 1.29 respectively. So the demand for for airline tickets would be more elastic for vacationers as the business travelers would be less senstitive for price change