Answer:
The answer is stated below:
Explanation:
Functional currency is the one which states the primary and foremost economic environment in which the entity generate cash as well as expends cash.
It is used by the business units or the business as a monetary unit of account.
For determining or evaluating the functional currency, a hyper inflationary economy is one which experience a combined inflation of 100% or more over the past three years.
Inflation is 35% every year over the last 3 years which is a combined 105% and constitutes to a economy which is highly inflationary.
Answer:
the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result, the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
Answer:
The firm's cost of common stock is 13%
Explanation:
Use the following CAPM formula to calculate the cost of common stock
Cost of common stock = Risk free rate + beta x ( Market return - Risk free rate )
Where
Risk free rate = 5.5%
Market return = 11.50%
Beta = 1.25
Placing values in the formula
Cost of common stock = 5.5% + 1.25 x ( 11.50% - 5.5% )
Cost of common stock = 13%
The answer is that the given statement is "True".
Reduced fat alludes to an item or product that claim to contain at least 25 percent less fat than the first form or the original form of the product.
So the reduced is alluding to the measure of fat that has been expelled from the first item. Take a bundle of reduced fat biscuits, for instance. On the off chance that the first fat substance per biscuit was 20 grams, and the fat has been lessened to 15 grams, the fat substance has decreased by 25 percent and is accordingly viewed as "reduced fat."
