Answer:
DeBondt and Thaler (1985) found that the poorest-performing stocks in one time period experienced <em>good</em> performance in the following period and that the best-performing stocks in one time period experienced <em>poor</em> performance in the following time period.
Explanation:
DeBondt and Thaler carried out a study that examined stocks of 35 worst and best performing firms over a previous five-year period.The study showed that over the following three-year period, the firms that were previously performing poorly performed better than the former best performing firms, by an average of 25%.This reversal in the fortunes of stocks of firms in the following period is called the Reversal Effect.
<h2>Before you buy a car you need to know your need and your <u>budget</u></h2>
Explanation:
There are many things associated with the car:
1. Test drive: You can do a test drive check whether the car suits your style and it is driver-friendly and also whether it is worth for the money
2. Check for credit score: You can check your credit score to save your money though not huge but a little
3. Compare prices: Compare the prices of the car with other shops and choose the best one.
4. Do a review of repair records: It is better to check the review so that we can assess the life time of the car and in tandem with the amount of the car.
Last but not the least, you must understand your need and the budget because these are two essential things which comes in front of you when you think about buying a car.
Answer: One-third
Explanation:
The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.
Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.
Answer:
Explanation:
Pizza quantity Change = 60-50 = 10
Income change = $12000 - $10000 = $2000
Mid point of Quantity of Pizza = (50+60)/2 = 55
Mid point of income = ($12000 + $10000)/2 = $11000
Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1
Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity
Answer: Financial projections
Explanation:
The financial projection is the term which is used for forecasting the various types of future based expenses and also the revenue of an organization. It also helps in preparing the financial statement by using their best knowledge, result and also manage the cash flow system.
It also helps in developing the various types of short term financial based projection that for the purpose of internal marketing information.
The importance of the financial projection is that it helps in preparing the basic finance base statement by predicting the firm's outcome. Therefore, Financial projections is the correct answer.
