AP gives you a higher grade point average. Although, Duel Enrollment just requires you to pass the class but AP requires the test to be taken and passed to count towards college education.
Answer:
Maximum Amount Payable = $8333.33
Explanation:
Perpetual Annuity Payment = $500
Growth Rate = 3%
Discount Rate = 9%
Maximum Amount Payable = Present Value of Perpetual Annuity
Present Value of Perpetual Annuity = Perpetual Annuity Payment / (Discount rate - Growth rate)
Maximum Amount Payable = $500 / (0.09 - 0.03)
Maximum Amount Payable = $500 / 0.06
Maximum Amount Payable = $8333.33
<u>Solution</u>: The correct answer is option D
<u>Explanation</u>:
The following formula is applied for calculating elasticity of demand:
![\mathrm{e}=\left[\left(\mathrm{Q}_{2}-\mathrm{Q}_{1}\right) /\left\{\left(\mathrm{Q}_{1}+\mathrm{Q}_{2}\right) / 2\right\}\right] /\left[\left(\mathrm{P}_{2}-\mathrm{P}_{1}\right) /\left\{\left(\mathrm{P}_{1}+\mathrm{P}_{2}\right) / 2\right\}\right]](https://tex.z-dn.net/?f=%5Cmathrm%7Be%7D%3D%5Cleft%5B%5Cleft%28%5Cmathrm%7BQ%7D_%7B2%7D-%5Cmathrm%7BQ%7D_%7B1%7D%5Cright%29%20%2F%5Cleft%5C%7B%5Cleft%28%5Cmathrm%7BQ%7D_%7B1%7D%2B%5Cmathrm%7BQ%7D_%7B2%7D%5Cright%29%20%2F%202%5Cright%5C%7D%5Cright%5D%20%2F%5Cleft%5B%5Cleft%28%5Cmathrm%7BP%7D_%7B2%7D-%5Cmathrm%7BP%7D_%7B1%7D%5Cright%29%20%2F%5Cleft%5C%7B%5Cleft%28%5Cmathrm%7BP%7D_%7B1%7D%2B%5Cmathrm%7BP%7D_%7B2%7D%5Cright%29%20%2F%202%5Cright%5C%7D%5Cright%5D)
Here, Q2 = 2 million
Q1 = 4 million
P2 = $3
P1 = $2
![\begin{array}{l}\mathrm{e}=[(2-4) /\{(4+2) / 2\}] /[(\$ 3-\$ 2) /\{(\$ 2+\$ 3) / 2\}] \\\mathrm{e}=[(-2) / 3] /[1 / 2.50]\end{array}](https://tex.z-dn.net/?f=%5Cbegin%7Barray%7D%7Bl%7D%5Cmathrm%7Be%7D%3D%5B%282-4%29%20%2F%5C%7B%284%2B2%29%20%2F%202%5C%7D%5D%20%2F%5B%28%5C%24%203-%5C%24%202%29%20%2F%5C%7B%28%5C%24%202%2B%5C%24%203%29%20%2F%202%5C%7D%5D%20%5C%5C%5Cmathrm%7Be%7D%3D%5B%28-2%29%20%2F%203%5D%20%2F%5B1%20%2F%202.50%5D%5Cend%7Barray%7D)
e = - 1.67
Thus, the absolute value is 1.67.
The ginger ale is price elastic because the absolute value is higher than 1. An increase in price will decrease its total revenue.
Thus, the following statement is true: (d) The demand for ginger ale is price elastic, so an increase in the price of ginger ale will decrease the total revenue of ginger ale producers.
Answer:
Negligence
Explanation:
The concept of negligence says that there was an acceptable standard of normal behavior (driving safely) and someone's actions were <u>below that standard</u> (did not drive safely).
Answer:
65,000 units
Explanation:
The computation of the production for the month of April is shown below:
= April units + Next month percentage × May sales - Ending inventory units
= 60,000 units + 0.40 × 75,000 units - 25,000 units
= 60,000 units + 30,000 units - 25,000 units
= 65,000 units
We simply added the April units and the may sales by considering the next month percentage and deduct the ending inventory units so that the production units for April month could come
