Answer: Inelastic
Explanation:
Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.
Answer:
Cost of goods manufactured
Explanation:
Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.
<span>Mandated by the authority figures in said organization. Even if the policies and procedures seem to be lacking in the wisdom department, the policies and procedures need to be followed to the best of ones abilities as laid out by said authority figures.</span>
Answer:
Annual market potential = $85,848 millions
Explanation:
The annual market potential is the expected sales value for the soft drink product for a year should the maximum number of potential consumers purchase the product at the average price.
Annual market potential = Average price × No of consuming unit × consumption rate per annum
Maximum number of consuming unit = 80%× 300 million =240 million
Consumption rate per buyer per annum = 365
Average price = $0.98
Annual market potential ($) = 0.98× 240× 365 =$85,848 millions
Annual market potential = $85,848 millions
Answer:
Earnings per share
= <u>Net income - Preferred dividend</u>
No of common stocks outstanding
= <u>$140,000 - $40,000</u>
300,000 shares
= $0.33 per share
Price-earnings ratio
= Market price per share
Earnings per share
= <u>$6.00</u>
$0.33
= 18
Explanation:
There is need to calculate earnings per share, which is net income minus preferred dividend divided by number of common stocks outstanding at the end of the year. Finally, we will calculate price-earnings ratio, which is the ratio of market price per share to earnings per share.
