As a result of the demand increasing only slightly compared to the reduction in price, the demand must be inelastic.
Why is the demand inelastic?The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
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27. Seven-Seas Co. Just paid a dividend of $3 per share out of earnings of $5 per share. If its book value per share is $40. 00 and its market price is $52. 50 per share, calculate the required rate of return on the stock
Based on the dividend, the the current price and the growth rate, the required rate of return is 11%.
What is the required rate of return?This can be found by the formula:
= Next dividend / Current market price + Growth rate
Growth rate = EPS / Book value of share x (1 - Payout ratio)
= 5 / 40 x (1 - 0.60)
= 5%
Next dividend = Current dividend x ( 1 + growth rate)
= 3 x 1.05
=$3.15
Required return is:
= 3.15 / 52.50 + 0.05
= 11%
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The insured has an auto policy with liability limits of $30,000/$60,000/$10,000. He negligently runs off the road and causes $70,000 damage to an apartment building. How much will the policy pay
Based on the information given the amount that the policy will pay is $10,000.
What is insurance?Insurance is a coverage that help to cover expenses or liability incase of unforeseen circumstance so as to save cost.
Based on the information given the amount that the policy will pay for the damages of the amount of $70,000 will be $10,000 which represent the auto policy liability limits.
Inconclusion the amount that the policy will pay is $10,000.
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The marketing mix element where most of a firm's communications with the marketplace occur is called
Promotion is an element of the marketing mix where most of a company's communications with the market and potential consumers take place.
What is the Marketing Mix?It is a set of factors that combined will help a company to implement strategies that will increase its competitiveness and positioning in the market. The four factors, or the 4Ps are:
ProductPricePlacePromotionTherefore, promotion is the element through which the company will attract customers through communication in order to make sales and increase brand recognition.
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A gas tax imposed by some states in which those who use the roads more pay more to maintain them is based on the _____ principle.
The principle that's illustrated by the gas tax is known as the benefit received principle.
What's a tax?It should be noted that a tax is a compulsory payment that generate revenue to the government.
In this case, a gas tax imposed by some states in which those who use the roads more pay more to maintain them is based on the benefits received principle.
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What is one of the reasons banks are vulnerable to bank runs?
Since banks hold only a fraction of their deposits on hand as reserves, on any given day if enough customers make withdrawals, a bank could find itself unable to meet the demand for cash.
Banks pay low interest rates to depositors but make many conservative loans at high interest rates.
Customers have difficulty accessing their funds after hours because banks have short business hours
Answer:
The first one, banks only holding a fraction of deposits.
Explanation:
Banks were vulnerable to bank runs because they only held a fraction (usually around a tenth) of the money deposited there. The rest would be loaned out, which is how banks make money. Today, however, the Federal Deposit Insurance Corporation insures banks against bank runs, but for most of history indeed the first choice was an issue.
Banks are vulnerable to bank runs because they hold only a fraction of their deposits on hand as reserves, ...withdrawals, a bank ... unable to meet the demand for cash.
Why are banks vulnerable to bank runs?Banks loan out the money that people give them but still keep a small percentage of it.
If too many people started to come to the bank to withdraw this money, the bank might be unable to meet the demand for cash because they wouldn't have the total amounts deposited.
In conclusion, option A is correct.
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Which of the books used at the fomc meetings contains anecdotal information collect by the federal reserve banks?.
The limits on creating native applications are usually ________, not technological. Question 48 options: A) in finding skilled programmers B) based on complexity C) based on requirements D) based on an executive board decision E) budgetary
The creation of native applications are usually limited by finding of skilled programmer rather than not technological matters.
What is native applications?A native application refers to a software program that is created for the use of users on a particular platform.
The main problem faced by the platform is getting a skilled programmerto design the platform interface rather than technological limit.
Therefore, the Option A is correct.
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The planning function involves defining an organization's goals and establishing an overall strategy for achieving those goals. True False
Answer:
True
Explanation:
___ comes from the insight that bundles of resources, capabilities, and competencies differ across firms. Multiple choice question. Resource heterogeneity Resource homogeneity Unique differentiation Competitive parity
Answer:
Resource heterogeneity
Explanation:
Resource heterogeneity is a fancy way of saying that different firms have different resources. Their resources are heterogeneous – i.e., different. In many ways, this is self-evident – when you consider organizations, it is easy to see that different firms have different resources that underpin them.
Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining
Answer:
Cost to replace
Explanation:
John is determining the valuation of the property.
what is an appraisal?
The phrase appraisal is defined because of the act of determining the price of something or the file of that price. An instance of the phrase appraisal is when a person determines a residence fee as a result of evaluating the community and its facilities.
An appraisal is a valuation of property, such as real property, a business, a collectible, or a vintage, by the estimate of an authorized individual.
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A perfectly price-discriminating monopolist is able to.
Answer:
charge each consumer the maximum amount they are willing to pay
Karen Price has determined that her net worth is $24,000, excluding her home. She owes $90,000 on her mortgage and $12,000 on a car loan. What is Karen's debt-to-equity ratio
Based on the information given Karen's debt-to-equity ratio is 0.5.
Debt-to-equity ratioUsing this formula
Debt-to-equity ratio=Mortgage/Net worth
Where:
Mortgage=$12,000
Net worth=$24,000
Let plug in the formula
Debt-to-equity ratio=12000/24000
Debt-to-equity ratio=0.5
Inconclusion Karen's debt-to-equity ratio is 0.5.
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Spice sells paprika for $9.00 per bottle. Variable cost is $2.43 per bottle and Spice's annual fixed costs are $825,000. The variable expense ratio for paprika is
The variable expense ratio for paprika is 27%.
What is variable cost?Variable cost is the cost that vary with the level of output. It changes in proportion to how much a company produces or sells.
Using the formula below :
Variable expense ratio = Variable cost / Selling price
Where:
Variable cost = $2.43
Selling price= $9
Then,
Variable expense ratio = 2.43 / 9 × 100
Variable expense ratio = 27%
Hence, the variable expense ratio for paprika is 27%.
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In order to hold a hearing, the Superintendent must give how many days notice to the producer being investigated?
What are companies doing to respond effectively to the increasing segmentation of the marketplace?.
Companies are using more targeted marketing messages as an effective response to increasing market segmentation.
What is market segmentation?It corresponds to the strategy of dividing potential consumers into subgroups based on similar characteristics.
Therefore, through the use of targeted marketing messages, an organization is able to increase consumer perception, generate value and engagement that contribute to the creation of desire for a brand's products and services.
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Describe ways to prepare for the future, including your career success and job security?
Managers will utilize _____________ skills with increasing frequency as they rise within an organization.
Answer:
Conceptual and decision
Explanation:
Mintzberg proposed that an organization has five common elements that may have differing sizes and functions depending on purpose:
True or False
Mintzberg had proposed that an organization has five common elements that may have differing sizes and functions depending on purpose and these elements are:
1. The Simple Structure of an organization
2. The Adhocracy
3. The divisional organization
4. The machine organization
5. The Professional organization.
Who was Minzberg?Henry Minzberg is a Canadian academia and author of several business and management books.
He proposed the famous five elements that an organization should have and these five elements depended on several purpose and functions. So the answer is True.
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uan and Carl have a small medical practice that operates as a partnership. Juan does 70% of the work and Carl does 30%. However, Carl invested 60% of the money required to start the business. If the company makes $100,000 in profit this year, how much will each partner receive
Merchandise inventory accounting systems can be broadly categorized into two types. They are ________.
The Merchandise inventory accounting systems can be broadly categorized into;
perpetual inventory accounting periodic inventory accounting.What is Merchandise inventory?Merchandise inventory can be regarded as an account on a balance sheet which gives the total amount paid for products that are yet to be sold.
The system comprises of perpetual inventory accounting and periodic inventory accounting which are used to when dealing with the inventory system.
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Remy is applying for a job where the employer asks that a cover letter and résumé be submitted. Remy should: a. Attach letters of recommendation also b. Send the cover letter first, and the résumé later c. Submit only the cover letter and résumé d. Send the cover letter as an attachment.
Remy is applying for a job where the employer asks that a cover letter and résumé be submitted, then Remy has to send the cover letter as an attachment.
How the cover letter is submitted with the resume?A resume is a document that is applied in the field of introduction. It shows all the detailed information about the particular person that wants to apply for a job.
If a person includes a cover letter with a resume, then it shows off their communication and writing talents.
In the above case, when Remy is applying for a job and the employer asks that a cover letter and résumé be submitted, then he attached the cover letter with the resume.
A cover letter is a paper document that is sent concurrently with the CV (curriculum vitae), and the intention of this letter is to create a matter of why a person should be employed.
It distinguishes a particular person from other candidates, by allowing him to express how curious you are in the position.
Therefore, option D is correct.
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Yair explains to an attorney that he wants some of his assets to be released to his grandson when his grandson turns 18 years old. What should the attorney do next?
A. Write a will
B. Release the assets
C. Create a trust
D. Name an executor
Answer: create a trust
Explanation:
I took the quiz
The attorney should do next as asked by Yair to create a trust in the name of his grand son.
Option C is correct.
What is a trust?A trust is a lawful act where the owner allowed his/her related party to get the benefits and rights acquired by the owner.
According to the situation, the attorney has to create a trust in the name of Yair. He gives the permit of his assets and properties to his grand son when he attains the age of 18 years old.
Therefore, the correct option is option C.
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Consider a coupon bond with $1000 face value, 10% coupon rate, 5 years of maturity selling for $700. The yield to maturity is
Answer:
The approximate yield to maturity is 9.43%.
Explanation:
A buyer signs an offer and you submit it to the seller. What should the outcome be if the seller signs it and puts it in his desk drawer
The fact that the buyer signs an offer and you submit it to the seller illustrates that the contract is non binding.
What is a contract?A contract simply means an agreement between different parties that has been duly signed.
In this case, fact that the buyer signs an offer and you submit it to the seller illustrates that the contract is non binding.m because he wasn't informed of the sellers acceptance.
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Given planning budget revenue of $284,000, actual revenue of $275,000, and flexible budget revenue of $290,000, there is a(n) activity variance.
Based on the given planning budget revenue and the actual revenue, there is a Favorable activity variance.
Why is the activity variance favorable?When the Flexible budget revenue is higher than the planning budget revenue, it means that there is a favorable activity variance.
In this scenario, the flexible budget is $290,000 which is more than the planning budget revenue of $284,000 so the activity variance must be favorable .
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What are the keys to active learning ?
Answer: Active Participation: The individual initiates some actions without prompting (verbal or physical) from the adult. By self-initiated activity the learner is developing neural connections and memories that may not be established by having an adult manipulate his/her body.
Explanation:
Some companies choose not to employ salespeople, instead contracting with salespeople who sell the company's products. What are these salespeople called
The money supply curve _____. This shift could be caused by the Federal Open Market Committee's (FOMC's) open-market purchase of Treasury bills.
Answer:
Shifts right
Explanation:
A rightward shift in the money supply curve indicates its increase. When the FOMC purchases Treasury bills, they purchase these securities with money, thus injecting more money into the economy and increasing the money supply.
True or False? Taxable income will be less than gross income
Answer:
True
Explanation:
Deductions reduce it
Suppose that for every pair of Nike shoes sold, Nike donates a percentage of the sales price toward funding high school athletics. Which type of marketing does this exemplify
Answer:
nike uses the money and donates about 22% of their money to school athletics
Explanation:
nike earns about 1.2 billion dollars a month