Answer:
Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.
Answer: 0.34
Explanation:
Gillette’s advertising elasticity tells of the impact that Gillette's advertising has on its demand.
Given the details in the question, the following formula can be used;
Advertising elasticity/ -Gillette elasticity of demand = Gillette’s advertising-to-sales
Advertising elasticity/ -(-4.5) = 7.5%
Advertising elasticity = 7.5% * 4.5
= 0.34
Answer:
$76,000
Explanation:
Data provided in the question:
Principal amount left to pay on mortgage = $80,000
Appraised value of the home = $156,000
Now,
The equity she is having in her home in her home will be
= Appraised value of the home - Principal amount left to pay on mortgage
or
The equity she is having in her home in her home = $156,000 - $80,000
or
The equity she is having in her home in her home = $76,000
Answer:
Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))
Explanation:
Answer:
$1,356.44
Explanation:
Computation for the value of one futures contract on the index
Using this formula
Futures contract =(Stock index value/(1+Risk-free rate)-Anticipated dividend
Let plug in the formula
Futures contract=$1,500/(1+0.0575) - $62
Futures contract=$1,500/(1.0575) - $62
Futures contract=$1,418.44 - $62
Futures contract=$1,356.44.
Therefore the value of one futures contract on the index will be $1,356.44.
