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2 years ago

When the price of good a increases, the total revenue from good a is unchanged. from this we know that the demand for good a is:

1 answer:

8 0

When the price of good a increases, the total revenue from good a is unchanged. From this we know that the demand for good a is unitary elastic

Whenever the change in the price of a good occurs there is a change in the demand of the good as well. This certainly affects the revenue generated from that good.

This change in demand can be mainly classified into different types i.e. elastic, inelastic and unitary.

However, unitary elastic demand is the one in which change in the price causes exact proportionate change in the demand as well. This means that the revenue generated from the good remains unchanged.

In other words, the good is being consumed in the same amount and price has not affected the consumption.

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Answer:

B. False

Explanation:

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3 years ago

A $1,000 bond matures in 15 years and carries a 5 percent coupon. The bond is callable in 5 years at a premium equal to one year

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Answer:

The formula is

Price of the bond = [ $25 x ( 1 - ( 1 + 2.35% )^-30 )/ 2.35% ] + [ $1,000 / ( 1 + 2.35% )^30 ]

Explanation:

To calculate the price of the bond, use the following formula

Price of the bond = [ Coupon payment x ( 1 - ( 1 + Semiannual market rate )^-numbers od periods )/ Semiannual market rate ] + [ Face value / ( 1 + Semiannual market rate )^numbers of periods ]

Where

Coupon payment = $1,000 x 5% x 6/12 = $25

Semiannual market rate = 4.7% x 6/12 = 2.35%

Numbers of periods = 15 years x 12/6 = 30

Face value = $1,000

Placing values in the formula

Price of the bond = [ $25 x ( 1 - ( 1 + 2.35% )^-30 )/ 2.35% ] + [ $1,000 / ( 1 + 2.35% )^30 ]

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3 years ago

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed lon

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Answer:

$1,311,000

Explanation:

The computation of the operating cash flow is shown below:

As we know that

Operating cash flow = Cash flow from assets + capital spending - change in net working capital

where,

Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders

Cashflow to Creditors = Interest paid - Change in long term debt

= $140,000 - ($2,950,000 - $2,700,000)

= -$110,000

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Cashflow from Assets is

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