Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation:
Answer:
$75,260
Explanation:
Calculation for What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity
Using this formula
Comprehensive income/separate component of stockholders' equity=Fair value-(Sales of bonds-July 1, 2021 Amortized premiums-December 31, 2021 Amortized premiums)
Let plug in the formula
Comprehensive income/separate component of stockholders' equity=$2,780,000 - ($2,724,740 - $9,820 - $10,180)
Comprehensive income/separate component of stockholders' equity=$2,780,000-$2,704,740
Comprehensive income/separate component of stockholders' equity= $75,260
Therefore What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity is $75,260
Answer:
$120,000
Explanation:
NFAI = Change in net fixed assets + Depreciation
= $300,000 + $204,000
= $504,000
NCAI = Change in current assets - Change in accounts payable
= $146,000 - $73,000
= $73,000
OCF = $697,000
FCF = OCF - NFAI - NCAI
= $697,000 - $504,000 - $73,000
= $120,000
Answer: -$500
Explanation:
The required return is the proportion of deposits that banks are supposed to keep with the central bank and in this case it is 10%.
The required reserves from the $5,000 is;
= 10% * 5,000
= $500
If the $5,000 is withdrawn from Bank A, the required reserves will decrease by $500.
Answer:
4.545
Explanation:
Given:
Six months ago, the price of gasoline was $2.20 per gallon.
Now, the price is $2.40 per gallon.
In response to this price increase, the number of gallons of gasoline purchased has declined by 2 percent.
Question asked:
Based on this information, what is the absolute price elasticity of demand for gasoline?
<u>Solution:</u>
As we know:
Price elasticity of demand = 


( given)
Price elasticity of demand = 

Thus, the absolute price elasticity of demand for gasoline is 4.545