Answer:
- $140
- $14,140
Explanation:
1. First find the net amount amount the company borrowed in April:
= Cash balance to be maintained + Loan repayment - Budgeted end of April balance
= 37,000 + 1,000 - 24,000
= $14,000
Interest = 14,000 * 12%/ 12 months
= $140
2. Financing effect:
= Amount borrowed + Interest
= 14,000 + 140
= $14,140
Answer and explanation:
Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is <em>elastic </em>but if the result is lower than 1 the product is <em>inelastic</em>.
In the case, <em>as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should </em><u><em>increase the museum ticket price to increase revenue</em></u><em>.</em>
Explanation:
is this for consumer maf skills ?
Answer:
1080
Explanation:
Compound interest involves the reinvesting of interest.
The formula for compound interest is given by:
Where P is the principal (i.e the beginning balance),
r is the rate,
n is the number of times it is compounded,
t is the number of years
A is the ending balance.
Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).
Substituting values into the formula and calculating gives:
