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Yakvenalex [24]
3 years ago
7

John Doe estimates that the price elasticity of demand for new SUVs to be 0.75. If the price of SUVs rose by 15%; would the quan

tity demanded of new SUVs rise or fall? By what percentage?
Business
1 answer:
Sphinxa [80]3 years ago
3 0
If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand (<1). This means that there is only a little change in demand when prices change. Elastic demand (>1) on the other hand has greater changes in demand when prices change; they have lots of substitutes.

So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can expect only 11.25% decrease in its demand. Still very small. This is because SUVs do not have many substitutes for it.

Formula: (x/15%)=0.75
Then simply solve for x -> x = (0.75)(0.15) = 11.25%
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Corporate financing comes ultimately from:_______
zhannawk [14.2K]

Corporate financing comes ultimately from savings by households and foreign investors.

Option b

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The respective government will formulate the corporate financing policy according to the economic need of the country. The economic policies will also device the rules and regulations for the corporate financing either in the way of banking institution or by foreign investment.

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The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electroni
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Answer:

Cash                         2,157 debit

bank service expense 85 debit

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Explanation:

To record the bank memorand:

The collection in behalf of the firm will increase cash

The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.

Net cash variation: 2,242 - 85 = 2,157

For the Company errors another entry will be made looking for errors between our numebrs and the bank.

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3 years ago
An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.
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Answer:

True

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Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.

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High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 20XX. The maturity value of the note is
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Based on the information given the maturity value of the note is: $82,500.

Using this formula

Maturity value of note=Principal amount+(Principal amount× Number of year× Interest rate)

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Let plug in the formula

Maturity value of note=$75,000+($75,000×2 year×0.05)

Maturity value of note=$75,000+$7,500

Maturity value of note=$82,500

Inconclusion  the maturity value of the note is: $82,500.

Learn more about maturity value of note here:brainly.com/question/24374294

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