Answer: Group A
Explanation:
Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.
The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.
Answer:
$515.56
Explanation:
Since it is a non-subsidized loan, interest would accrue during the 4 years Jeffery is in college.
So, find interest accrued using simple interest rate formula;
Simple interest (SI)= Principal * rate* time
SI = 30,000*0.052*4
SI = 6240
Next, add this amount to the borrowed loan amount;
Total amount in 4 years = 30,000 + 6,240 = 36,240
Using a financial calculator, input the following to solve for the monthly PMT;
PV = -36,240
FV = 0
Monthly interest rate ; I = 5.2%/12 = 0.433%
N = 7*12 = 84 months
then compute payment; CPT PMT = $515.56
Answer:
Barber's Return on Equity (ROE) is 1.28%
Explanation:
The formula to compute the ROE of Barber is:
ROE = Net Income / Shareholder's Equity
= $250,000 / $195,000
= 1.28%
It is a measure of the profitability ratio which evaluates the firm ability for generating profits from investment of shareholders.
Working Note:
Shareholder Equity of Barber = Beginning capital - Withdrew amount
= $285,000 - $90,000
= $195,000
Answer: Product Manager.
Explanation:
Jim is the product manager in his company, hence he is in charge of supervising the design, development and marketing of the product of his organization. Jim's duty is to ensure quality products are produced that meet the consumer needs and at the same time the products are profitable for his company.
This is not a good investment and Charles should hold his plan of selling his bicycle Beijing and in China. For example, if Charles sold his bicycle horn for $3.00, this would need a 6.42*3 which is equal to 19.26 Chinese yuan.