Answer:
3
Demand is elastic
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
60 / 20 = 3
Demand is elastic because the coefficient of elasticity is greater than 3.
This means that a small change in price has a greater effect on the quantity demanded.
I hope my answer helps you
Answer:
Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.
Explanation:
First determine the Accumulated depreciation on the Truck
Depreciation Expense = Cost - Residual Value / Estimated Useful years
= ($140,000 - $20,000) / 6
= $20,000
Accumulated Depreciation :
2018 : $20,000
2019 : $20,000
Total : $40,000
Then Process the Sales journal to determine the profit or loss on sale of Truck as follows :
Accumulated Depreciation $40,000 (debit)
Cash $95,000 (debit)
Profit and Loss $5,000(debit)
Cost : Truck $140,000 (credit)
Conclusion :
Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.
Answer:
-5.14 for sam
-18.01% for dave
Explanation:
We first calculate for Sam
R = 7.3%
We have 2% increase
= 9.3%
We calculate for present value of coupon and present value at maturity using the formula for present value in the attachment
To get C
1000 x 0.073/2
= 36.5
time= 3 years x 2 times payment = 6
Ytm = rate = 9.3%/2 = 0.0465
Putting values into the formula
36.5[1-(1+0.0465)^-6/0.0465]
= 36.5(1-0.7613/0.0465)
36.5(0.2385/0.0465)
= 36.5 x 5.129
Present value of coupon = 187.20
We solve for maturity
M = 1000
T = 6 months
R = 0.0465
1000/(1+0.0465)⁶
= 1000/1.3135
Present value = 761.32
We add up the value of present value at maturity and that at coupon
761.32 + 187.20
= $948.52
Change in % = 948.52/1000 - 1
= -0.05148
= -5.14 for sam
We calculate for Dave
He has 20 years and payment is two times yearly
= 20x2 = 40
36.5 [1-(1+0.0465)^-40/0.0465]
Present value = 36.5 x 18.014
= 657.511
At maturity,
Present value = 1000/(1+0.0465)⁴⁰
= 1000/6.1598
= 162.34
We add up these present values
= 657.511+162.34 = $819.851
Change = 819.851/1000 -1
= -0.1801
= -18.01%
Answer:
A. True
Explanation:
For her it is a specialty good because it not sold everywhere, therefore she makes the extra effort.
When a board of directors determines a selected profit goal, advertising managers commonly enforce a target return objective.
Target return Objective-
The goal return objective is to offer sufficient spending cash and hold the value of the portfolio after taking into consideration taxes and inflation.
The target return goal matters as it determines how the target return is calculated. Some people, which includes retirees, live on profits from their investment portfolios. A target return is actually the charge of return on an investment that a person or enterprise desires to earn. People have distinctive motives or goals in thoughts once they select to apply target returns as an investment tool. The target return goal matters as it determines how the target return is calculated.
learn more about investment portfolio here: brainly.com/question/1869290
#SPJ4
