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Marianna [84]
3 years ago
14

What is your best estimate of the elasticity of demand for gasoline? Is it inelastic or elastic? Explain what these terms mean.

Estimate a number. Explain your reasoning underlying your estimate. Does it matter what time frame we are talking about? Based on your estimate, what would be the reduction in gas consumption if the price of gas rose from $3 to $3.30 per gallon? Respond to your classmates' estimates and reasoning.

Business
1 answer:
vlada-n [284]3 years ago
7 0

Answer:

Gasoline percentage will fall by 4%.

Explanation:

See image for explanation.

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Weiland Co. shows the following information on its 2019 income statement: sales = $162,500; costs = $80,000; other expenses = $3
MrMuchimi

Answer:

a. 2019 Operating cash flow

Welland Co. Operating Cash Flow for 2019

Particular                              Amount $

Sales                                            162500

Cost of goods sold    80000

Other Expenses         3300

Depreciation               9000         <u>92,300</u>

EBIT                                               70200

Less: Taxes                                   22295

Add :Depreciation                         <u>9000</u>

Operating Cash Flow                 $<u>56905</u>

b. Cash flow to creditors

Interest paid                    6500

Add: Loan raised             <u>7700</u>

Cash flow to creditors      <u>14200</u>

c. Cash flow to Stockholders

Dividends Paid                         8150

Less: Net Equity Raised          <u>4500</u>

Cash flow to Stockholders   <u>$3650</u>

d. Change in Net working Capital = Change in Current Assets - Change in  Liabilities

Figures for Current Asset was not given, rather the Net Fixed asset is given $21,100 which is not a current asset.

6 0
3 years ago
The growth rate is a measure of the rate at which a countrya's population is increasing. Please select the best answer from the
Bond [772]

The growth rate is a measure of the rate at which a country's population is increasing.

The growth rate of a population measures the percentage increase in the value of a quantity.

For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.

Factors that leads to increases in a population

  • Migration
  • Birth

To learn more, please check: brainly.com/question/15133607

3 0
2 years ago
If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account
solniwko [45]

Answer:

0.0273 = 2.7%

Explanation:

APY = (1 + r/m)^m - 1

       = (1 + 0.027/4)^4   -  1

       = 0.0273 = 2.73%

8 0
2 years ago
________ is a financial institution owned by investors that focuses on business customers, providing bank accounts along with sp
Virty [35]

Answer:

Commercial bank.

Explanation:

A commercial bank is a financial institution that provides financial services to the public such as offering loan services, accepting deposits, foreign exchange, providing bank accounts. They encourage savings and are good sources of finance to businesses and industry.

3 0
3 years ago
When a company performs an activity quite well and that activity is central to its strategy and competitiveness?
Verdich [7]
<span>A core competence is an activity that a company performs quite well and that is also central to its strategy and competitiveness. A core competence is a more important resource strength than a competence because it adds power to a company's strategy and has a bigger positive impact on its competitive strength and profitability</span>
5 0
3 years ago
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