Answer:
a. buyers tend to be much less sensitive to a change in pricewhen given more time to react.
Explanation:
The options to this question wasn't provided. The full question can be found here: https://www.chegg.com/homework-help/questions-and-answers/32-holding-forces-constant-price-ofgasoline-rises-number-gallons-gasoline-demanded-wouldfa-q532985
Here are the options to the question:
a. buyers tend to be much less sensitive to a change in pricewhen given more time to react.
b. buyers tend to be much more sensitive to a change in pricewhen given more time to react.
c. buyers will have substantially more income over a ten-yearperiod.
d. the quantity supplied of gasoline increases very little inresponse to an increase in the price of
The demand for a good is usually inelastic in the short run considering the time consumers would take to search for an alternative.
When the price of gasoline rises, it is expected that quantity demanded falls but the fall in quantity demanded might take place over a period of time because it would take time for consumers to find suitable alternatives to gasoline.
I hope my answer helps you
Answer:
Expected rate of return is 13%
Explanation:
Using the expected values method:
Expected Rate of return = Chance 1 * Outcome 1 + Chance 2 * Outcome 2 + Chance 3 * Outcome 3 + ................... Chance n * Outcome n
So by putting values, we have:
Expected Rate of return = 30% * 20% + 30% * 10% + 40% * 10%
Expected Rate of return = 6% + 3% + 4% = 13%
So the expected rate of return using the expected value method is 13%
Answer:
The sale results in an ordinary loss of $100,000 and long-term capital loss of $25,000.
Explanation:
Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized the corporation in 2009 by contributing $225,000 and receiving all of the capital stock of the corporation. ABC Corporation is a domestic corporation engaged in the manufacturing of ski boots. The stock in ABC Corporation qualified as Sec. 1244 stock. The sale results in AN ORDINARY LOSS OF $100,000 AND LONG-TERM CAPITAL LOSS OF $25,000.
Answer:
$ 11, 978,133.75
Explanation:
The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.
The present value of an annuity is calculated using the formula
PV = P × <u> 1 − (1+r)−n </u>
r
Where
P $3,000,000
r is 8% 0r 0.08
n is 5
PV = $3,000,000 x <u>1-(1+0.08) - 5</u>
0.08
PV =$3,000,000 x<u> 1 - 0. 6805831</u>
0.08
PV = $ 3,000, 000 x 3.99271
PV = 11, 978,133.75
The consideration given to the bank for providing loan facility, in return of such facility an amount is paid which is over and above the principle amount of loan, this amount can be said as interest.
Interest are of two types i.e. (a) Simple interest (b) compound interest
<h3>simple interest</h3>
The amount of interest which is calculated at a fixed predetermined rate every year on the principle amount and paid until the loan is settled in full.
Given in the Question
Principle is $20,000
Rate is 3%
Time is 1 year
<h3>Calculation</h3>
The simple interest is calculated by multiplying principle with the rate and than the outcome is multiplied with time to find simple interest.
Therefore the amount of interest received by Michael at the end of first year on an amount of $20,000 at a interest rate of 3%will be $600.
Learn more about simple interest here:
brainly.com/question/9895511
