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Pepsi [2]
3 years ago
6

Pam sees that the price of bananas has risen in the grocery store. All else equal, she decides to buy more tangerines than she n

ormally purchases. From the information given, you might conclude that:a. tangerines and bananas are complements.
b. tangerines are an inferior good.
c. tangerines and bananas are substitutes.
d. bananas are a luxury good.
Business
1 answer:
Katyanochek1 [597]3 years ago
3 0

Answer:

Option (c) is correct.

Explanation:

Given information states that bananas and tangerines are substitute goods. We know that the cross price elasticity of substitute goods is positive which means that there is a positive relationship between the price of one good and the quantity demanded for substitute good.

Therefore, in our case as the price of bananas increases and all the other factors remains constant then as a result the quantity demanded for tangerines increases.

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The Red Bud Co. pays a constant dividend of $1.20 a share. The company announced today that they will continue to do this for an
Gelneren [198K]

Answer:

the  one share of this stock worth today is $3.15

Explanation:

The computation of the  one share of this stock worth today is shown below:

= Dividend per share ÷ (1 + required rate of return^years) + Dividend per share ÷ (1 + required rate of return^years) + Dividend per share ÷ (1 + required rate of return^years)

= ($1.20 ÷ 1.07^1) + ($1.20 ÷ 1.07^2) + ($1.20 ÷ 1.07^3)

= $3.15

hence, the  one share of this stock worth today is $3.15

5 0
2 years ago
Sal has been in the landscaping business for over 40 years. when jaime, his business partner, suggested adding snow removal as a
OleMash [197]
<span>The fact that Sal listens his "gut feeling" and wants to say yes </span>adding snow removal as an extra service <span>because of his experience in the past and what he has seen other companies do over the years, both successfully and not, means that </span>Sal is acting on intuition in his response to Jaime. There is no analytic reasoning,<span> proof and evidence </span>in intuition, only a feeling 
3 0
2 years ago
Read 2 more answers
The following data are available for Something Strange: Issuance of bonds payable $100,000 Sale of investment 50,000 Issuance of
7nadin3 [17]

Answer:

Cash provided by financing activities = $130,000

Explanation:

Financing Activities are those activities which arrange source of money for the company and further any kind of cost in terms of dividend paid or interest paid towards such finance and repayment of such funds, are all included under such activities.

Here, in the given instance, we have

Issuance of bonds $100,000 Will generate cash inflow

Sale of investment is investing activity and not financing

Issuance of common stock $60,000 will generate cash inflow

Payment of cash dividends $30,000 is a cash outflow

Cash provided by financing activities = $100,000 + $60,000 - $30,000 = $130,000

5 0
3 years ago
Which of the following is an example of a shortage?
Lemur [1.5K]

Answer:

Consumers cannot find enough of a popular new toy in stores.

Explanation:

If there is a shortage, there is not enough supply for the demand.

3 0
3 years ago
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning
harkovskaia [24]

Answer:

$87,000

Explanation:

Calculation of the conversion cost for November.

Conversion cost can be defined as the combination of both direct labor costs and manufacturing overhead costs that are vital to help convert raw materials into product.

Using this formula

Total Conversion cost = Direct labor cost + Manufacturing overhead cost

Hence,

Direct labor cost $25,000

Add Manufacturing overhead cost $62,000

Total Conversion cost $87,000

Therefore the conversion cost for November is $87,000

4 0
3 years ago
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