Answer:
B. Brand B, 10 oz. bag for $3.90
Explanation:
The lowest per unit cost of different brands can be calculated using the following formula
Cost per oz=Cost per bag/number of oz in that bag
Brand A Cost per oz=3.60/8=$0.45
Brand B Cost per oz=3.90/10=$0.39
Brand C Cost per oz=6.50/16=$0.406
Brand D Cost per oz=0.59/1=$0.59
So the answer is B. Brand B, 10 oz. bag for $3.90
Answer:
The correct answer is letter "C": price unit-elastic.
Explanation:
Elasticity is the feature of goods and services by which their quantity demanded changes as long as their prices change. Elasticity is calculated by dividing the change percentage in quantity demanded by the change percentage in price. When the result is a figure equal to or greater than 1, the demand is elastic. If the figure is lower than 1, the demand is inelastic.
Thus, <em>the university is assuming the football game price ticket per unit is elastic since they believe that decreasing the tickets causes the quantity demanded will increase generating more revenue.</em>
Answer:
True
Explanation:
Since in the question it is mentioned that the promise is to be done for paying off the debt i.e. already discharged at the time of bankruptcy also it should be in writing so that it become enforceable in many states
Therefore the given statement is true
Hence, the same is to be considered
So the given statement is not false
he importance of information giving has been recognized and promoted in political,
ethical and professional arenas and this has ultimately resulted in the publication of a vast
amount of literature relating to the subject.
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Answer:
$9,201.6
Explanation:
Calculation for The net present value of the proposed investment is closest to:
Using this formula
Net Present value = (Annual cost saving * PVAF) + (Salvage value * PVIF) - Cost of investment
Let plug in the formula
PVAF (10%,5 years) = 3.7908
PVIF (10%, 5 years) = 0.6209
Net Present value = ($18,000 * 3.7908) + ($8000 * 0.6209) - $64000
Net Present value = $68,234.4+$4,967.2-$64,000
Net Present value = $9,201.6
Therefore The net present value of the proposed investment is closest to:$9,201.6