Answer:
The expected profit from the addition is $47,000
Explanation:
Total Addition can be calculated by netting expected values of all situations as follow:
Expected value = %Chance x additional Profit/loss
i Expected profit = 50% x $100,000 = $50,000
ii Expected profit = 30% x $0 = $0 (Profit is same there is no addition)
iii Expected profit = 20% x ($15,000) = ($3,000)
The expected profit from the addition = $50,000 + ($3,000) = $47,000
Answer:
2.7
Explanation:
Calculation to Determine the asset turnover ratio
Using this formula
Asset Turnover = Sales/Average Total Assets
Let plug in the morning
Asset Turnover =$6,750,000/2,500,000
Asset Turnover =2.7
Therefore the asset turnover ratio is 2.7
1. Annual percentage rate
2. Secured card
3. Cash advance
4. Balance transfer
I hope this helps!
Explanation:
It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.
Answer:
d. .64.
Explanation:
Price elasticity of demand measure the responsiveness of demand against change in the price of given product. It measures the ratio of change in demand to change in price.
Change in demand = ( 2200 - 2000 ) / [ (2200+2000)/2 ] = 200 / 2100 = 0.0952
Change in price = ( 1.25 - 1.45 ) / [ (1.25+1.45)/2 ] = 0.2 / 1.35 = 0.148
Elasticity of Demand = Change in demand / change in price = 0.0952 / 0.148 = 0.643 = 0.64
