Answer:
B) -1.5
Explanation:
Cross-price elasticity of demand is calculated by dividing the percentage change in quantity demanded of good A by the percentage change in price of good B.
cross-price elasticity of demand = change in demand of flank steaks / change in price of gas grills = 15% / -10% = -1.5
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Explanation:
Answer:
Value of stock = $47.99
Explanation:
<em>The price of a stock using the dividend valuation model is the present value of the the future dividend expected from the stock discounted at the required rate of return.</em>
Year Present Value
1 1.25× 1.15^1 × 1.095^(-1) =1.31
2 1.25× 1.15^2 × 1.095^(-2) = 1.38
3. 1.25× 1.15^3 × 1.095^(-3)= 1.45
Present value of Dividend in Year 4 and beyond
This will be done in two steps
Step 1
PV in year 3 terms
= Dividend in year 4× (1.06)/(0.095-0.06)
1.25× 1.15^3 × 1.06/(0.095-0.06)=57.57
PV in year 0 terms =
PV in year 3 × 1.095^(-3)
=57.5759 × 1.095^(-3)= 43.852
Value of stock = 1.3 + 1.38 + 1.45 + 43.852= $47.99
Value of stock = $47.99
The Manufacturing Overhead for the year was $18,000 overallocated.
Explanation:
- Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000, based on 180 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000.
- The Manufacturing Overhead for the year was $18,000
- there are basically two types of business overhead which are administrative overheads and the manufacturing overheads.
- Overhead expenses includes the following examples,
- the accounting fees,
- advertising, insurance,
- interest rates,
- legal fees,
- labor work,
- rent, repairing,
- supplies, taxes,
- telephone bills,
- travelling expenses, etc.
