Answer: -0.5
Explanation:
From the information given,
Demand curve = P = 600 – Q
Supply curve = P = 0.5Q
Equilibrium = Qd = Qs
Therefore, 600 - Q = 0.5Q
600 = Q + 0.5Q
600 = 1.5Q
Q = 600/1.5
Q = 400
Since P = 600 - Q
P = 600 - 400
P = 200
Price elasticity will be:
= (dQ/dP) × (P/Q)
=(-1) × (200/400).
= -1 × 0.5
= -0.5
The price elasticity is -0.5
Answer:
$624, 750
Explanation:
Purchases = 900,000
Sales = 1500000
Price index = 110%
Inventory= 189750
1,500,000 - [{($150,000 x 110%) + $900,000} - $189,750]
=1,500,000 - [($150,000 x 1.1) + $900,000] - $189,750
= 1,500,000 - (1065000 - 189750)
= 1,500,000 - 875250
=$624,750
Gross profit. = $624750
Question Completion:
Options:
a. There must be at least two parties.
b. Each party is free to accept or reject the exchange offer.
c. Each party believes it is appropriate or desirable to deal with the other party.
d. Each party has something that might be of value to the other party.
Answer:
c. Each party believes it is appropriate or desirable to deal with the other party.
Explanation:
Criteria C is the criteria that will most directly relate to Deon's cancellation of the sponsorships. Business deals and relationships cannot be established or allowed to subsist when it becomes inappropriate or undesirable to deal with the other party because of controversial activities. This is more so when the activities involve political and social justice beliefs and differences. Ordinarily, business partners should not allow such personal prejudices to becloud their relationships. The best approach, therefore, is for business partners to keep their political and social justice beliefs personal and not make them public issues.
Answer:
$20.64
Explanation:
Use the rate of return formula to solve for the new price;
r = ( P1 +Div1 -P0)/P0
whereby;
r = rate of return = 10.8% or 0.108 as a decimal
Div1 = Next year's dividend amount = $0.51
P1 = next year's stock price =?
P0 = Current stock price = $19.09
Next, plug in the numbers to the formula;
0.108 = (P1 + 0.51 - 19.09) / 19.09
Multiply both sides by 19.09;
2.0617 = P1 -18.58
Add 18.58 on both sides;
2.0617 + 18.58 = P1
20.64 = P1
Therefore, you need to sell the share at $20.64