Answer:
The correct option is C.
Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.
Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.
Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.
Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.
Answer: To make it more likely that the results are not due to a few unusual individuals or circumstances
Explanation: Particular reasons are as follow:
- To check as much data as possible for better results.
- To ensure that the data works same for an individual ,organisation.
- To find all possible error related to data and experiment.
- This is a necessary task for greater satisfaction by doing all kinds of experiment.
- For finding all types of Variables and Variation .
Answer
The answer and procedures of the exercise are attached in the following images.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.
Answer:
d.Assets are overstated by $9,000.
Explanation:
Provided that
The physical inventory inadvertently counted = $98,000
And, the correct amount of the physical inventory = $89,000
Since the correct amount of the inventory is less than the uncorrected amount that results the overstated of the assets.
Plus, the uncorrected amount of the inventory is recorded on the financial statements instead of the correct amount so ultimately the assets are overstated by $9,000
Answer:
Share price = $85.684
Explanation:
It is given that ,Ke = cost of equity = 15% ,g = Growth = 9.2%% and Dividend and Repurchase = 40%
Now we know that
PV = CF /(Ke- g)
PV = $2.05 billion*0.4 / (0.15-0.092) = 0.84 billion /0.058
=$14137931034.483
Share price = $14137931034.483 / 165000000 million
Share price = $85.684