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3 years ago

What best states the purpose of advertising?(Econ)

Business

1 answer:

VladimirAG [237]3 years ago

6 0

Answer:

Florida beaches.

Explanation:

Florida is FULL of people at beaches and many stupid people go there. if you put up a stupid ad it 75-25 a lot of people will buy or visit what your advertising.

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The price elasticity of demand for senior citizens purchasing coffee from McDonald's is −5, while non-senior citizens have a pri

alekssr [168]

Answer:

$0.10 and $0.02. is correct answer

Explanation:

Given:

Elasticity = - 5

Demand = -1.25

Computation:

-e = p / [p-mc]

5 = p / [p-0.02]

5p - 0.1 = p

p = 0.025

for new senior citizen;

1.25 = p / [p-0.02]

p = 0.1

So,

$0.10 and $0.02. is correct answer

8 0

3 years ago

Sarah, the controller of a large beverage supplier, supervises two employees. Her boss, Vladimir, instructs her to increase the

DerKrebs [107]

Answer:

a) Sarah failed to evaluate a potential ethical issue

Explanation:

A financial fraud refers to misrepresentation of financial data by inflating or reducing a figure amount with the motive to deceive the users of the financial statements and thereby depict better financial position and state of affairs.

The above concept is also referred to as window dressing of accounts.

In the given case, the purpose behind increasing the value of inventory and creation of miscellaneous expense account is to depict fake financial picture. With an increase in the inventory balance, the profits would be inflated. Crediting miscellaneous expenses again would reduce expenses balances and further inflate the profits.

Thus, Sarah failed to evaluate a potential ethical issue when she blindly directed her staff to incorporate such changes.

5 0

3 years ago

You are considering an investment into company xyz and need to determine the company's value and the appropriate investment amou

ZanzabumX [31]

Option A is correct. The gross earnings that has been calculated for this 12 months is given as 17545.

The required details for gross earnings in given paragraph

How to resolve for the gross earnings

22050 × 97.5%(100-2.5%) = 21498.75

= 21498.75 × 0.975 = 20961.28

= 20961.28 x 0.975 = 20437.24

= 20437.24 x 0.975 = 19926.31

= 19926.31 × 0.975 = 19428.15

= 19428.15 x 0.975 = 18942.forty five

= 18942.forty five x 0.975 = 18468.80

= 18468.89 × 0.975 = 18017

= 18007 × 0.975 = $17545

Hence we are able to see on the give up of the answer that the price of the gross earnings in 2028 = $17545. Gross earnings is the earnings a business enterprise makes after deducting the charges related to making and promoting its products, or the charges related to offering its services. Gross earnings will seem on a business enterprise's earnings assertion and may be calculated with the aid of using subtracting the fee of products sold (COGS) from revenue (income).

These figures may be determined on a business enterprise's earnings assertion. Gross earnings will also be called income earnings or gross earnings.

To know about Gross earnings click here

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Complete question

You are considering an investment into Company XYZ and need to determine the company's value and the appropriate investment amount. You have been provided with historical financial statements for the past three years in order to build a forecast model. Key assumptions to use include:

Future sales revenue is assumed to increase at 2.5% annually.

Gross margin for 2021E is assumed to be equal to the average gross margin % for 2019 and 2020, but will decrease by 2.5% (i.e. 250 bps) each year thereafter

SG&A expense is assumed to be a percentage of revenue for the forecast period. That percentage is equal to the 2018-2020 average

Depreciation expense is assumed to be a percentage of revenue for the forecast period. That percentage is equal to the 2018-2020 average

The tax rate for the forecast period is assumed to be equal to the effective tax rate for 2018

Capital expenditures for any given year in the forecast period is assumed to be 3x the prior year's depreciation expense. For example, 2021 capital expenditures is equal to 3x 2020 depreciation expense.

No new debt or equity is assumed to be issued

Download CFI_-_FMVA_Practice_Exam_Case_Study_A.xlsx and answer the following 12 questions.

1 What is Gross Profit in 2028E using the assumptions listed above and on the Control Panel?

$17,545

$30,704

$27,780

$40,938

8 0

1 year ago

Brooke and John formed a partnership. Brooke received a 40% interest in partnership capital and profits in exchange for contribu

choli [55]

Answer:

$102,000

Explanation:

Since Brooke contributed the land, the gain realized before the land was contributed = $120,000 - $90,000 will be allocated entirely to her. She will also be allocated 40% of the gain after the contribution was made = ($150,000 - $120,000) x 40% = $30,000 x 40% = $12,000.

So the total gain recognized by Brooke will be $90,000 + $12,000 = $102,000.

Partnerships are pass through entities, the partners are taxed, not the partnership itself.

7 0

3 years ago

True or False: If Jake's Fire Engines were a competitive firm instead and $75,000 were the market price for an engine, decreasin

nirvana33 [79]

Answer:

False

Explanation:

If Jake decides to increase total sales volume by decreasing the price of its engines, the decrease in price is too large compared to the increase in quantity demanded. The number of engines sold will increase from 5 to 6 (1 more unit) while the price of each engine will decrease from $75,000 to $50,000.

In this scenario, engines are price inelastic:

PED = % change in quantity demanded / % change in price = [(6 - 5) / 5] / [($50,000 - $75,000) / $75,000] = (1 / 5) / ($25,000 / $75,000) = 0.2 / 0.33 = 0.6

when PED is less than 1, the demand is inelastic. This means that a decrease in price will result in a smaller proportional increase in quantity demanded.

3 0

3 years ago