Answer:
Income elasticity = 2
Normal good
Explanation:
Below is the given values:
Percentage decrease in consumers income = 10%
Percentage decrease in quantity demanded = 20%
Use the below formula to find the income elasticity:
Income elasticity = % change in quantity demanded / % in income
Income elasticity = -20/-10
Income elasticity = 2
Since the elasticity is 2 that means good is normal good.
Answer:
a. Firm M probably has a higher dividend payout ratio than Firm N.
Explanation:
The dividend payout ratio is commonly referred to a portion of the net income of the company which is paid to the various shareholders in dividends. Therefore, if we consider the statements made in the question, Firm M has a higher annual net income while the annual net income of Firm N is fluctuating, we can conclude that the dividend payout ratio of Firm M is more than that of Firm N.
The type of reaction will he most likely face in the early stages is rigid and reactive.
<h3>What is Organization?</h3>
Organization refers to the group of people working together in order to achieve the organizational goals. The goal of every organization is to maximize the profits for which it takes various activities.
In the above scenario, Dorian has started a cultural organization in a quality process. The changes made in any of the organization are rigid at first place.
The employees of the Dorian organization will react to the changes made regarding culture of the organization. Later on everyone will be adaptive to the changes.
Learn more about employees here:
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Answer:
Holding period yield is 114.97%
effective yield is 8.72%
Explanation:
holding period yield=(Price at call-initial price+coupon payments)/initial price
=($970-$935)+(13*$80)/$935
=($35+$1040
)/$935
=$1075/$935
=114.97%
The effective yield is the yield to call which can be computed using the excel rate formula:
=rate(nper,pmt,-pv,fv)
nper is the number of payments before the call which is 13
pmt is the periodic payment by bond which is $1000*8%=$80
pv is the current market price of $935
fv is the bond price at end of 13 years at $970
=rate(13,80,-935,970)
rate=8.72%
