Answer:
The answer is inelastic.
Explanation:
Since the income-elasticity is 0.5(less than 1), it means the product is income inelastic. Income inelastic means that increase in income of households does not mean there will be an increase in quantity demanded(i.e an increase in income lead to decrease in quantity of Canon demanded).
The cross-price elasticity with Kodak camera is equal to 1.25. This means that Kodak and Canon are substitutes
Answer:
Wagner will pay 10 million in dividends
Explanation:
The company will use their retained earnings to finance their project and distribute dividends with the remaining amount.
Thats because the investment projects expect return greater than 15% therefore the manager will decide to maximize value of the share and reinvest the earnings to get a better cashflow in the future.
retained earings= 100,000,000 income - 20,000,000 dividends =
80,000,000 retained earnings
<u>(70,000,000) investment </u>
10,000,000 available for dividends.
Answer:
$2,000
Explanation:
Payment include repayment of Capital Amount and Payment of Interest expense
Therefore the balance in the Instalment Note Payable account after making the first annual payment is
Answer:
b. 11.87%
Explanation:
interest = $102,000*11%*8/12
= $7480
Effective interest rate = ($7480/($102000 - $7480))*12/8
= ($7480/94520)*12/8
= 11.87%
Answer:
I have no idea. Its difficult. but goog question