Answer:
Option A. $15,400
Explanation:
The net deduction allowed as an charitable contributions are as under:
$
1. ABC Cop. stock
Cost $6000
FMV <u>$22000</u> $16000
2. Personal Clothing Items
Cost $1000
FMV <u>$400 </u> <u> ($600) </u>
Net Deduction $15,400
The amount that qualifies as charitable contribution for the year is $15400.
Answer:
Total PV= $26,176.63
Explanation:
Giving the following information:
Cash flow:
Cf1= $5,700
Cf2= $10,700
Cf3= $16,900
<u>To calculate the price of the investment now, we need to use the following formula on each cash flow:</u>
PV= Cf / (1+i)^n
PV1= 5,700/1.11= 5,135.14
PV2= 10,700/1.11^2= 8,684.36
PV3= 16,900/1.11^3= 12,357.13
Total PV= $26,176.63
The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be available.
The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.
For example, if the price of coffee rises, the quantity demanded for tea which is the best substitute of coffee beverage will increase as consumers will switch to a less expensive but the substitutable alternative.
This is reflected in the cross elasticity of the demand formula, as both the numerator which is the percentage change in the demand of tea and denominator which is the price of coffee shows a positive increase.
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Because the all or some could me working different way then others<span />
The greatest risk of a low-cost provider strategy is getting lost with overly high price reduction and ending up with lower profit.
<h3>Low-cost / low-price advantage </h3>
It results in high profit only if;
- (1) prices are reduced by less than the size of the cost advantage or
- (2) the added volume is large enough to bring in a bigger total profit despite lower margins per unit sold.
Therefore, the greatest risk is a low profit.
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