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3 years ago

Match the definition to the term.

Business

1 answer:

kodGreya [7K]3 years ago

3 0

Answer:

1. A 2. C 3. B

Explanation:

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A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil

butalik [34]

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

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3 years ago

Wayco Industrial Supply has a pretax cost of debt of 7.6 percent, a cost of equity of 16.8 percent, and a cost of preferred stoc

Vanyuwa [196]

Answer:

14.88%

Explanation:

Market value of common stock outstanding = 220,000 * $27 = $5,940,000

Market value of preferred stock = 25,000 * $41 = $1,025,000

Market value of bond = $550,000 * 101.2% = $556,600

Wayco's total financing market value = $5,940,000 + $1,025,000 + $556,600 = $7,521,600

Weighted average cost of capital = [($5,940,000 / $7,521,600) * 16.8%] + [($1,025,000 / $7,521,600) * 9.1%] + [($556,600 / $7,521,600) * 7.6% * (1 - 34%)] = 0.1488, or 14.88%

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3 years ago

Radar Company sells bikes for $490 each. The company currently sells 4,300 bikes per year and could make as many as 4,620 bikes

Karo-lina-s [1.5K]

Answer:

Radar's additional income for accepting the order is calculated as follows:

Sales - 320 x $460 = $147,200

less Cost of Sales = 320 x $180 + $48,000 = $105,600

Additional Income = $41,600

Explanation:

The additional income of $41,600 is $147,200 - $105,600, which is the result of deducting cost of sales from Sales.

The cost of sales includes the variable cost per bike, including the incremental fixed costs ($48,000) to make this order.

To make a decision whether to accept an order or not, the company needs to consider all variable costs, including the incremental fixed costs. The resulting additional income is what is available to offset the fixed costs.

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3 years ago

Why do you think there is wi-fi activity even when you are not actively using network services?

BaLLatris [955]

Always streaming data

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3 years ago

An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?

aleksandrvk [35]

It could be caused by the fact that the target CPA bid was lower than the expected or recommended amount

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3 years ago

Read 2 more answers