Answer:
Cash = $3,610,000
Explanation:
Debit: Cash ??
Debit: Bad Debt Expense $410,000
Debit: Accounts Receivables $110,000
Credit: Sales $4,130,000
- Account Receivables for the period = Closing Balance - Opening Balance
Account Receivables for the period = $760,000 - $650,000 = $110,000
- Cash = Credit Sales - Accounts Receivables for the period - Bad Debt Expense
Cash = $4,130,000 - $110,000 - $410,000
Cash = $3,610,000
The reaction functions of the equations that we have here are given as Q1 = 16.7 - 0.33Q₂ and Q₂ = 12.5 - 0.25Q₁
<h3>How to solve for the reaction functions</h3>
We have
P = 100 - 2Q
= 100 - 2Q1 - 2Q2
MCi(Qi) = 2Qi
while,
MC2(Q2)=4Q2
δπ₁/δQ₁ = 100Q₁ - 2Q₁² - 2Q₁Q₂ - Q₁²
= 100 - 4Q₁ - 2Q₂ - 2Q₁
= 100 - 6Q₁ - 2Q₂
6Q₁ = 100 - 2Q₂
divide through by 6
Q₁ = 16.7 - 0.33Q₂ ⁻⁻⁻⁻⁻⁻⁻ This is the reactant function for Q₁
δπ₂/δQ₂ = 100Q₂ - 2Q₁Q₂ - 2Q₂² - 2Q₂²
= 100 - 2Q - 4Q₂ - 4Q₂
= 100 - 2Q - 8Q₂
8Q₂ = 100 - 2Q₁
divide through by 8
Q₂ = 12.5 - 0.25Q₁ --------- This is the reactant function for Q2
Hence the reactant functions for these two equations are given as
Q₁ = 16.7 - 0.33Q₂ and Q₂ = 12.5 - 0.25Q₁
Read more on reactant functions here:
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Simulated test markets (STMs) are often conducted in shopping malls where consumers are asked who uses the class of product being tested.
There are three types of test markets: the standard test market, the control test market, and the mock test market. consumer goods marketers are the primary users of the test market. consumer goods (CPG) are products sold in packaging that consumers use almost every day.
Trial marketing: the term is commonly used to denote an experiment, study, or test conducted in a field setting. used to test new advertisements, promotions, products, prices, etc. use of test markets.
Managed test marketing: In this test, the company selects specific stores in various regions and asks them to stock new products for a fee. The company manages shelf locations, displays, POS promotions, and pricing.
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Answer:
D. The constant growth model cannot be used for a zero growth stock, where the dividend is expected to remain constant over time.
Explanation:
So, we evaluate each option.
a. We discount the dividends by the required rate of return. So incorrect.
b. The dividend yield is annual dividend per share divided by stick price per share. the 5% is the growth in dividend and not the actual dividend itself. So, incorrect.
c. The constant growth is appropriate for companies whose dividend patterns are stable. Startups have multiple stage growths and this option becomes incorrect as constant growth is not applicable.
d. A zero growth stock is one where dividend remains the same. So when there is no growth in dividend, the constant growth model becomes inapplicable. So, the statement is correct.
So, here we have our correct statement and all others are incorrect.
Answer: 11.26%
Explanation:
From the question, we are told that Roy's Welding has annual sales of $96,700, a profit margin of 7.45 percent, and a payout ratio of 40 percent ans that the firm has $11,500 of debt and owners' equity of $31,200.
The internal growth rate for this firm assuming the payout ratio remains constant goes thus:
We have to calculate the net income first and this will be:
= $96700 × 7.45%
= $7204.15
The total assets will be debt plus the equity. This will be:
= $11500 + $31200
= $42700
ROA will now be net income divided by
the total assets which will be:
=7204.15/42700
= 0.1687
Retention ratio will be:
= 1-payout ratio
= 1 - 40%
= 1 - 0.4
= 0.6
Therefore, internal growth rate will be:
=(ROA × Retention ratio)/[1-(ROA × Retention ratio)]
=(0.1687 × 0.6)/[1-(0.1687 × 0.6)]
= 0.10122/(1 - 0.10122)
= 0.10122/0.89878
= 0.1126
=11.26%