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Agata [3.3K]
3 years ago
5

What is dollar velocity

Business
1 answer:
Tresset [83]3 years ago
8 0
<span>The velocity of money is the frequency at which one unit of currency is used to purchase domestically. produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time.</span>
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A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the
sergiy2304 [10]

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= \frac{new price\ -\ initial\ price}{initial\ price} \times100

= \frac{2.50\ -\ 2}{2} \times100

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= \frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}

= \frac{5}{25}

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

3 0
4 years ago
Interior​ Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would
ZanzabumX [31]

Answer:

According to Given Data

$1,444

According to attached question

C.$4,181

Explanation:

Options are inconsistent with the data provided.

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Ne t present value of the machine is $1,444

Options are inconsistent with the data provided.

Workings are made in an MS Excel file, which is attached with this answer.

Original Question is attached with this answer, please find it.

According to correct data

Ne t present value of the machine is $4,181

7 0
3 years ago
The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% pe
hoa [83]

Answer:

The company's current stock price is $ 18.62.

Explanation:

To calculate the company's current stock price we have to use first the following formula to calculate the: Expected Return of stock

Expected Return of stock = Risk Free Rate+ Beta * Market Risk Premium  

Expected Return of stock= 4+1.15*5      

=4+5.75      

Expected Return = 9.75%      

Then, we can calculate the stock price with the following formula:

Price = Dividendat year 1/ Return- Growth    

D1 =0.75*105.5%    

=0.79125      

Price =0.79/( 0.0975-0.055)      

=18.62      

The price is $ 18.62

6 0
4 years ago
From a strategic CSR perspective, the bottom of the pyramid (BOP) represents
mihalych1998 [28]

Answer:

The correct answer is letter "D": a hugely untapped market segment.

Explanation:

The Bottom of the Pyramid (BOP), sometimes called the base of the pyramid, represents the biggest sector of the economic human pyramid. In the BOP there is an approximate of billion people living in extreme poverty. Corporate Social Responsibility (CSR) which involves companies' activities to match their objectives with society's goals, has in the BOP a lot of fields to discover and contribute.

4 0
3 years ago
A company has determined that its optimal capital structure consists of 43 percent debt and the rest is equity. Given the follow
ale4655 [162]

Answer:

31.5%

Explanation:

Given from the question kd = 7.0 %

Tax rate = 35 %

P0 = $ 28.86

Growth g = 4.9 %

D1 = $ 0.94

First find the cost of common stock by

rS = D1/P0 + g

=0.94/$28.86 + 0.49

=0.523

= 52.3%

Finally, calculate the weighted average cost of capital WACC,

using rs= 0.523,

Tax rate =43% =0.43

Equity E 100% - 43% = 57% =0.57 and

kd=7.0 % = 0.07

so WACC = (D/A)(1 -­ Tax rate)kd+(E/A)rs

= 0.43(1 ­- 0.43)(0.07) + 0.57(0.523)

0.0172 + 0.298

= 0.315

= 31.5%

6 0
3 years ago
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