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3 years ago

What causes a surplus and how can it be fairly quickly resolved? What are the determinants of inelastic demand?

1 answer:

4 0

1. The cause of a surplus is when quantity that are produced are not equivalent with the demanded quantity and by this, there is likely an effect of the supply or demand to be in excess, creating surplus.

2. It can be quickly resolved if the quantity produced is as equal with demand quantity.

3. The determinants of inelastic demand are the following;

· Categories of product

· Substitutes (few)

· Less time given

· Necessities

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Darla offers to pay Edward $6,000 for Edward's car, provided that Darla receives that much from her uncle's estate, which is cur

dalvyx [7]

Answer: d. the consideration from Darla to Edward is the promise of $6,000 subject to a condition.

Explanation:

Based on the information given, we should note that if Edward agrees to Darla's offer, the consideration from Darla to Edward is the promise of $6,000 subject to a condition.

This is because Darla offered to pay Edward the $6,000 for his car, as long as she gets that much from her uncle's estate, which is under probation. In the case whereby she doesn't get up to $6000, then she won't be bake to buy the car for $6000.

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3 years ago

How much are you willing to pay for one share of Jumbo Trout stock if the company just paid a $0.70 annual dividend, the dividen

Rainbow [258]

Answer:

The maximum that should be paid for the stock today is $8.47

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

Do is dividend today

g is the growth rate

r is the required rate of return

P0 = 0.7 * (1+0.016) / (0.10 - 0.016)

P0 = $8.466666667 rounded off to $8.47

3 0

3 years ago

Audit partners are periodically punished for holding a material investment in a client. this violates which aicpa code of conduc

kozerog [31]

Audit partners are periodically punished for holding a material investment in a client. This violates reasonably informed third party AICPA code of conduct rule.

Issuing the current year audit report when fees for the past year audit remain uncollected. The AICPA Code of Professional Conduct prohibits direct solicitation of clients by CPAs. A member who enters into or directs or knowingly permits another individual to enter into such an agreement for the performance of audit or other attest services would be considered in violation of the "Acts Discreditable Rule". A code of ethics and professional conduct outlines the ethical principles that govern decisions and behavior at a company or organization. They give general outlines of how employees should behave, as well as specific guidance for handling issues like harassment, safety, and conflicts of interest.

To know more about AICPA code here

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4 0

2 years ago

RISRS and Rewards of Information Systems: Mastery Test

jeka57 [31]

Answer:

A. giving proper training

Explanation:

A common issue in IT and change management is that employees create a barrier to change (implementing a new information system). Of course, everyone prefers to stay in their comfort zone, but most of the times it is essential to adopt changes effectively. so that the whole organization can progress.

Giving proper training is the answer, as their lack of confidence mainly originates from their own lack of confidence regarding the software know-how. When their self-esteem regarding the IS raises, they stop seeing it as a threat to their comfort zone and start seeing it as a tool that aids their work, the user confidence will increase.

Other answers are related to technical things that do not improve user confidence.

7 0

3 years ago

Read 2 more answers

Horizontal Analysis Total assets were $1,000,000 in 2019, $900,000 in 2018, and $950,000 in 2017. What was the percentage change

Sergeeva-Olga [200]

Answer:

(a) Decreases by 5.3%.

(b) Increases by 11%.

Explanation:

Given that,

Total assets in 2019 = $1,000,000

Total assets in 2018 = $900,000

Total assets in 2017 = $950,000

Percentage change from 2017 to 2018:

= [(Total assets in 2018 - Total assets in 2017) ÷ Total assets in 2017] × 100

= [($900,000 - $950,000) ÷ $950,000] × 100

= (-$50,000 ÷ $950,000) × 100

= -0.053

= -5.3%

Therefore, the total assets from 2017 to 2018 decreases by 5.3 percent.

Percentage change from 2018 to 2019:

= [(Total assets in 2019 - Total assets in 2018) ÷ Total assets in 2018] × 100

= [($1,000,000 - $900,000) ÷ $900,000] × 100

= ($100,000 ÷ $900,000) × 100

= 0.11

= 11%

Therefore, the total assets from 2018 to 2019 increases by 11 percent.

7 0

3 years ago