Answer:
$29,000
Explanation:
Given that:
- Draw per week: $1,100
- Commission rate: 12%
- Sales for Jim were $205,000 for the month.
- 4 weeks in a month
Assuming a four-week month, Jim's commission :
Commission on revenue + commission of total draws
= $205,000*12% + 4*$1,100
= $24,600+ $4,400
= $29,000
Hope it will find you well.
That statement would be false
Reducing the number of sellers means that the quantity of the products that available in the market is also reduced
This will cause the curve to move to the left ( it goes right if the quantity of the products is increased)
Answer and explanation:
Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is <em>elastic </em>but if the result is lower than 1 the product is <em>inelastic</em>.
In the case, <em>as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should </em><u><em>increase the museum ticket price to increase revenue</em></u><em>.</em>
Answer:
- after-tax average annual return = 14.41%
- after tax dividends per year = $38.88
Explanation:
initial investment = 30 shares x $72.49 per share = $2,174.70
- dividends received per year = 30 shares x $0.36 x 4 (dividends paid every quarter) = $43.20
after tax dividends per year = $43.20 x 90% = $38.88
- long term capital gains = (30 shares x $183 per share) - initial investment = $5,490 - $2,174.70 = $3,315.30
taxes on long term capital gains = $3,315.30 x 10% = $331.53
To calculate Mason and Kirsty's after tax average annual return (interest rate) we can use the excel spreadsheet =RATE function, where:
- PV = -2174.70
- FV = 5490 - 331.53 = 5158.47
- Pmt = 38.88
- Nper = 7
=RATE (nper, pmt, pv, [fv])
=RATE (7,38.88,-2174.70,5158.47) = 14.41%