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3 years ago

The service division of Raney Industries reported the following results for 2017.

Business

1 answer:

SVEN [57.7K]3 years ago

4 0

Answer:

$131,180; 21.53%

Explanation:

The controllable margin and the return on investment for 2017 are as follows:

Controllable Margin = Sales - Variable cost - Controllable fixed cost

= $567,200 - $340,320 - $95,700

= $131,180

Return on investment = Controllable Margin ÷ Average operating assets

= $131,180 ÷ $609,100

= 0.2153

= 21.53%

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Answer:

Price elasticity of demand = 2.6

Explanation:

Given:

Old price (P0) = $70

New price (P1) = $60

Old sales (Q0) = 10,000 units

New sales (Q1) = 15,000 units

Computation of Price elasticity of demand(e):

Midpoint method

$e=\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }$

By putting the value:

$e=\frac{\frac{10,000-15,000}{\frac{10,000+15,000}{2} } }{\frac{60-70}{\frac{60+70}{2} } }\\e=\frac{\frac{-5,000}{\frac{25,000}{2} } }{\frac{-10}{\frac{130}{2} } }\\$

$e=\frac{\frac{-5,000}{12,500} }{\frac{-10}{65} }$

e = 2.6

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3 years ago

IBM expects to pay a dividend of $2 next year and expects these dividends to grow at 6% a year. The price of IBM is $90 per sha

Elena-2011 [213]

Answer:

Cost of equity = 8.22%

Explanation:

Cost of equity = Dividend per share /current market value + growth rate of dividend

Cost of equity = 2/90 + 6%

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Cost of equity = 8.22%

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3 years ago

You are looking at three different job options, one in Pennsylvania, one in Texas, and one in New York. The offers are as follow

tamaranim1 [39]

Answer:

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