Answer:
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Explanation:
Complete Question:
When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:
Group of answer choices
A. size of the particular project.
B. plan's presentation procedure that is expected in your own organization.
C. project's complexity.
D. All of these are correct.
Answer:
D. All of these are correct.
Explanation:
Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Hence, when preparing the financial analysis for a business plan, the required statements and schedules will depend on the following;
A. size of the particular project.
B. plan's presentation procedure that is expected in your own organization.
C. project's complexity.
Answer:
The answer to this question is b. Yours will be positive and your roommate's would be negative.
Explanation:
Income elasticity of demand is the degree of responsiveness of demand to changes in income. In other words, it measures how changes in income of consumers will affect the quantity of commodities demanded by such consumers.
An income elasticity of demand can be positive or negative.
It is positive, when an increase in income leads to an increase in the quantity demanded by the customer. However it is referred to as negative when an increase in income leads to decrease in the quantity demanded by the consumer.
In the question above, it can be seen that the increase in income of the first person brought about increase in the commodity demanded thereby making his income elasticity of demand positive. one the other hand, the increase in the income of his roommate, brought about decrease in his demand which translate to the fact that his income elasticity of demand would be negative.
Hence the answer given.
Answer:
B. -0.0242.
Explanation:
Demand function equation
Qod = 3 - 0.05Po + 0.009I - 0.16pt
Po = Price per pound of onion
Pt = Price per pound of tomato
I = Household income
Putting values in the equation
Qod = 3 - (0.05 x 1.25) + (0.009 x 2,500) - 0.16 x 3.75
Qod = 3 - 0.0625 + 22.5 -0.6
Qod = 24.8375
Cross price elasticity of demand = (ΔQod/ΔPt) x (Pt/Qod)
Cross price elasticity of demand = -0.16 x (3.75/24.8375)
Cross price elasticity of demand = -0.0242
Ratio of Change in demand by change in price is -0.16pt as given in the equation for tomato and - 0.05Po for onion.