Answer:
3
Explanation:
We are asked to use the midpoint formula.
Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.
Mathematically:
Price elasticity of demand according to midpoint formula is :
{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}
Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6
% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%
% change in quantity:
We first find the average = (12+4)/2 = 16/2 = 8
% change = (4-12)/8 * 100 = -100%
The elasticity of demand is thus -100/33.33 = 3
Answer:
comparison
Explanation:
Since cory is a sales person at bayray technologies and at the time of sales presentation he stated that the camera resolution of our company should be similar with the Clarity O company but the price are cheaper so here cory is doing the comparison of cameras between his company and with the other company to capture the market share by telling the advantages of his company product
Answer:
A) FNMA is owned by the U.S. government.
Explanation:
Federal National Mortgage Association (FNMA) also commonly referred to as "Fannie Mae" is a government-sponsored enterprise (GSE) that provides services such as purchasing mortgages from lending institutions so as to expand the secondary mortgage market or effectively boost affordable lending activity at the lending institutions. It was founded as part of the "New deal" during the Great Depression in 1938.
All of the following statements regarding the Federal National Mortgage Association (FNMA) are true;
1. FNMA pass-through certificates are not guaranteed by the U.S. government.
2. Interest on FNMA certificates is taxable at all levels.
3. FNMA stock is publicly traded on the NYSE.
<em>However, it is false or incorrect to say that the FNMA is owned by the United States of America (USA) government.</em>
The Federal National Mortgage Association (FNMA) is only being sponsored by the U.S government under the umbrella of the Federal Housing Finance Agency (FHFA).
Answer:
$13,000
Explanation:
<em>Rune Co.'s</em>
<em>As of December 31</em>
Balance as per Bank Statement $10,000
(+) Bank credits and collections $4,000
(-) Bank errors overstate book balance $1,000
Correct Cash Balance $13,000
Answer:
The correct answer is 65.
Explanation:
If you have a job enrolling in Medicare during a valid Medicare enrollment period, and you have both Medicare and your employer's insurance, these are the rules set by Medicare that decide which coverage you must pay first (called the "primary payer") and what coverage you must pay in the second instance (called "secondary payer"). Generally, the order of payers works as follows:
- If you have retiree coverage from your employer or union, Medicare usually pays first.
- If your group health plan coverage comes from your current job (or if you got it from a family member), the primary and secondary payer are determined based on your age, the number of people employed by your employer and the reason you have Medicare, either because of your age, disability, or End-Stage Renal Disease (ESRD).
- If you are under 65 and have a disability, and you or a family member is still working, your group health plan pays first if any of your employers has 100 or more employees.
- If you are over 65 and you or your spouse are still working, your group health plan pays first if any of your employers has 20 or more employees.
- If you have Medicare because of an ESRD, your group insurance plan pays first for the first 30 months after you become eligible for Medicare. Medicare will pay first after the 30-month period.
- Typically, liability insurance, no-fault insurance (including auto insurance), pneumoconiosis benefits, and worker's compensation pay first for your related coverage.
- Medicaid never pays first for Medicare-covered services, but only pays after Medicare, employer group health plans, and / or Medigap (Medicare supplement) plans have paid.