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Temka [501]
3 years ago
5

Suppose the price elasticity of supply for soccer balls is 0.3 in the short run and 1.2 in the long run. If an increase in the d

emand for soccer balls causes the price of soccer balls to increase by 20%, then the quantity supplied of soccer balls will increase by about:________.
Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

  • 6% in the short run
  • 24% in the long run

Explanation:

In the short run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 0.3 x 20% = 6% increase in the quantity supplied.

In the long run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 1.2 x 20% = 24% increase in the quantity supplied.

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Portfolio AB has half of its funds invested in Stock A and half in Stock B. Portfolio ABC has one third of its funds invested in
Anit [1.1K]

Answer:

a) Portfolio ABC's expected return is 10.66667%.

Explanation:

Some information is missing:

Stock                Expected         Standard             Beta

                         return              deviation

A                            10%                 20%                 1.0

B                            10%                  10%                 1.0

C                            12%                  12%                 1.4

The expected return or portfolio AB = (1/2 x 10%) + (1/2 x 10%) = 10% (it is the same as the required rate for stock A or B)

The expected return or portfolio ABC = (weight of stock A x expected return of stock A) +  (weight of stock B x expected return of stock B) + (weight of stock C x expected return of stock C) = (1/3 x 10%) + (1/3 x 10%) + (1/3 x 12%) = 3.333% + 3.333% + 4% = 10.667% <u>THIS IS CORRECT</u>

Options B, C, D and E are wrong.

5 0
3 years ago
At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea
iren2701 [21]

Answer:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

7 0
3 years ago
Identify and demonstrate processes for making long-term goals and short-term goals
matrenka [14]
Long term 4-6+ years  goals like having a career having a business or some , short term 0 months-1/2 years and that's like making It to the next grade.
8 0
3 years ago
Scott+stratton+recently+purchased+a+car+for+$22,500.+it+will+depreciate+at+a+rate+of+7%+per+year.+what+will+his+car+be+worth+in+
ICE Princess25 [194]

The cost of the car after 5 years from then, will be $15652.99.

Given here, the depreciation every year(r) 7%  or 0.07per year, asset cost (of the car) is $22,500 and time period (n) is 5 years.

The value after 5 years can be calculated as,

Depreciated value = asset cost ×(1-r) n

= 22500 × (1-0.07) 5

= 15652.99$.

Thus, the car worths 15652.99$ after 5 years.

The worth of an asset after its useful life is expired, as it is diminished over time by depreciation, is its depreciated cost. The asset’s worth is continuously diminished by figuring out how much it will cost to depreciate it, but the depreciated cost technique always permits accounting records to represent an item at its current value.

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life.

To learn more about Depreciation, refer this link.

brainly.com/question/24218291

#SPJ4

3 0
1 year ago
Jefferson Inc. (JI) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The comp
mrs_skeptik [129]

Answer:

E. Profit sharing

Explanation:

Employee benefits are the additional gains that employees enjoy in an organization in addition to their salaries.

There are different types of benefits that employers offer their employees.

Some of these are:

1. Medical benefits

2. Retirement benefits

3. Disability benefits

4. Insurance

5. Social security

E. T. C

Profit sharing is not an employee benefit so it is the odd 1 out of these options.

7 0
2 years ago
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