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Inessa [10]
3 years ago
6

Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. Can Sarah exempt herself from liability for inju

ries or harm that happen during the ordinary course of her business? A. No B. Yes
Business
1 answer:
PolarNik [594]3 years ago
5 0

Answer:

The correct answer is no.

Explanation:

i put yes and got it wrong.

You might be interested in
A firm has estimated the following demand function for its product:
Rom4ik [11]

Answer:

(i) Q=300

(ii) Elasticity of Demand=-3.33 (elastic)

(iii) Income Elasticity= 2.5 (normal good)

(iv) Advertising Elasticity: 1.5

Explanation:

The Demand function is given by

Q=100-5P+5I+15A

(1) To solve (i) we need to replace P = 200, I = 150, and A = 30 in the demand equation:

Q=100-5(200)+5(150)+15(30)=300

(2) To find the price elasticity (how much quantity demanded changes with price) we use the point price elasticity formula

\eta_{Price}=\frac{\Delta Q}{\Delta P}\frac{P}{Q}

From the above equation we get: \frac{\Delta Q}{\Delta P}=-5

Replacing in the elasticity formula

\eta_{Price}=-5\frac{200}{300}=|-3.33|>1

in absolute terms the elasticity is bigger than one so it is an elastic demand.

(3) For income elasticity (how much quantity demanded changes with income), we proceed similarly as above. But the derivative is respect to income

\eta_{Income}=\frac{\Delta Q}{\Delta I}\frac{I}{Q}=5\frac{150}{300}=2.5>1[/tex]

Which is bigger than one, denoting this is a normal good because it's bigger than one.

(4) Advertising elasticity (how much quantity demanded changes with expenditures in advertising), we proceed as before

\eta_{advertising}=\frac{\Delta Q}{\Delta A}\frac{A}{Q}=15\frac{30}{300}=1.5

3 0
3 years ago
Gamma Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare th
Tresset [83]

Answer; c. $14,000

Explanation

On December 1, rent had been paid for 3 months. At a rate of $7,000 a month this will come to;

= 7,000 * 3

= $21,000

The Prepaid rent account will reduce every month by the rent due for that month. The balance on the Prepaid account as at December 31 will therefore have reduced by one month from December 1.

= 21,000 - 7,000

= $14,000

7 0
4 years ago
What is the opportunity cost of producing a car in canada? what is the opportunity cost of producing a bushel of wheat in canada
Lostsunrise [7]
Need more information
5 0
3 years ago
What is the value of a $1,000 investment that loses 5% each year for 8 years?
boyakko [2]

600

Explanation:

Principal amount = 1000

time = 8 years

rate of losing = 0.05

A = 1000 (1 - 0.05 (8))

A = 1000 ( 1 - 0.4)

A = 1000 (0.6)

A = 600

4 0
3 years ago
Read 2 more answers
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each o
Alenkasestr [34]

Answer:

The question is incomplete, see the complete question below:

Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1). Find N as well.

Payment   Year Received

          $

       9,000  2022

9,600  2023

11,200  2025

13,400  2027

Combined present value                        33,313.9

Explanation:

Present Value:The worth today of a sum receivable or payable in the future is called Present Value. It is premised on the concept of time value of money- that $1 today is worth more than $1 tomorrow. Why?

Because of the opportunity to invest; if invested, the $1 of today would earn interest so making it worth more than $1 dollar on the maturity day.

To calculate the present value of a future cash flow, we simply adiscount it using an appropriate discount rate which is the required rate of return. The discount rate is 8% in this question.

We can quickly calculate the Present Value (PV) using this formula:

PV = FV × (1+r)^(-n)

where FV - Future value, r- interest rate- 8%, n- number of years.

We can now apply these concepts to this question:

Year                                                        Present Value

2022  9000  × (1.08)^(-1)                        8,333.3

2023   9,600  ×  (1.08)^(-2)                      8230.5

2025   11,300  ×  (1.08)^(-4)                      8305.8

2027    13,400 ×   (1.08)^(-6)                  <u>   8,444.3</u>

Combined present value                        <u>33,313.9</u>

6 0
3 years ago
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