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2 years ago

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Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand

ed increases from 600 to 800. Using the midpoint method, the price elasticity of demand for frozen chicken nuggets in the given price range is

1 answer:

insens350 [35]2 years ago

6 0

Answer:

17

Explanation:

I believe this, but I don't really know. Sorry.

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Baldwin's Traditional product Basket finished 2019 with an awareness of 72%. One-third of Basket's existing awareness is lost ev

Katyanochek1 [597]

Answer:

they should spend $2 in promotions

Explanation:

Baldwin's Traditional product Basket will lose 1/3 of its 2019 awareness (72%), which will result in only a 48% during 2020. If the product manager wishes to end 2020 with a 92% awareness, they must spend in promotion enough money to raise awareness by 44%.

The first $1 million spent in promotions will increase awareness by 26%, to a total of 74% (= 48% + 26%).
The second $1 million spent in promotions will increase awareness by 18%, to a total of 92% (= 74% + 18%).

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3 years ago

Frey Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 18 p

Alona [7]

Answer:

Projected dividend is 15.

Explanation:

In order to calculate projected annual dividend for the coming year, we simply multiply stock price with projected dividend growth rate and we get dividend for the coming year equal to 15.

7 0

3 years ago

An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 6.5 percent, com

bekas [8.4K]

Answer:

the amount that willing to pay is $44,591.11

Explanation:

The computation of the amount that willing to pay is as follows:

The Present Value of an Ordinary Annuity is

= Amount × [{1 - (1 ÷ (1 + rate of interest)^n} ÷ rate of interest]

= $1,000 × [{1 - (1 / (1 + 0.065 ÷ 4)^100} ÷ 0.065 ÷ 4]

= $44,591.11

Hence, the amount that willing to pay is $44,591.11

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago

Dropping Unprofitable Department Penn Corporation has four departments, all of which appear to be profitable except department 4

Julli [10]

Answer:

A. Department (1-3) = 40%

Department 4 =25%

B. $70,000

Explanation:

A. Calculation for the gross profit percentage for departments 1-3 combined and for department 4.

Using this formula

Gross profit percentage = Gross Profit /Sales

Let plug in the formula

Department (1-3) (360,000/900,000) = 40%

Department 4 (28,000/152,000) =25%

B. Calculation for the effect that would elimination of department 4 have had on total firm net income

First step is to find the Increase(Decrease) in overall net income

Using this formula

Increase(Decrease) in overall net income = Direct expenses - Gross profit

Let plug in the formula

Increase(Decrease) in overall net income= 27,000 - 38,000

Increase(Decrease) in overall net income= (11,000) decrease

Second step is to find the net operating income

Net operating income= 81,000 - 11,000

Net operating income= $70,000

Therefore the firm's net operating income would be $70,000

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2 years ago

Earlier this week, two workers accidentally stepped off the edge floor where they were working. Because there was no guarding, t

nikdorinn [45]

Inspection of what i dont understand

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3 years ago