Answer:
Inelastic
Explanation:
When the price elasticity of demand (PED) is lower than 1, the demand is said to be inelastic. This means that a 1% increase in the price of a good or service will result in a proportionally smaller reduction of the quantity demanded. The formula for calculating price elasticity of demand is:
PED = % of change in quantity / % of change in price
For example, if the price of gasoline increases by 5% but the quantity demanded for gasoline decreases only by 2%, the PED = 2% / 5% = 0.4, therefore the demand for gasoline is inelastic.
Answer:
Explanation:
Dividend = 4.17$
growth rate= 4.5%
Current stock price = 70$
Required return = ?
required return = dividend next year / current stock price + growth rate
Required Return = 4.17 /70+4.5%
= 1.323%
Negative attitude can lead to high turnover
Answer:
cash 16,930
note receivable 15,000
interest revenue 1, 930
Explanation:
Pozzi works his accounting under cash basis. This means it do not recognize any interest revenue over the past of time. It will recognize the gain on the loan entirely at maturity, when the cash is received.
Therefore his journal entry at maturity will be:
a debit to cash forthe received amount
a credit to note receivable, to write-off the balance
and a credit to interest revenue to recognize this gain.
Answer:
Checklists are clear
Explanation:
<u>checklist</u><u>:</u><u>-</u>
- Checklist is the simplest method for systematizing scoping of the likely effects of a proposed policy.
- They help point out areas that require a more detailed assessment.
- This way, checklists can help to organize the assessment and identify the most important issues.
<u>Steps</u><u> </u><u>to</u><u> </u><u>create</u>
Step 1: Do a “brain dump”
Step 2: Organize and prioritize tasks.
Step 3: Put them on your to-do list.
Step 4: Check off each item as you complete it.
Step 5: Continue adding items as they come up.