Answer:
$1,032,000
Explanation:
Gross Profit:
= Sales revenue - Cost of goods sold
= $6,330,000 - $3,750,000
= $2,580,000
Net income before adjustment:
= Gross profit - Selling and administrative Expenses
= $2,580,000 - $1,280,000
= $1,300,000
Income from continuing operations:
= Net income before adjustment - Loss on sale of investment - Restructuring cost
= $1,300,000 - $191,000 - $77,000
= $1,032,000
Answer: $1,495.92
Explanation:
The amount you plan to borrow from the bank is:
= Cost of house - down payment
= 127,242 - 30,313
= $96,929
The amount to be paid is constant and so is an annuity. The loan amount is the present value of this annuity.
Term = 20 * 12 = 240 months
Interest = 18% / 12 = 1.5% monthly
Present value of annuity = Annuity * ( 1 - (1 + rate) ^-number of periods) / rate
96,929 = Annuity * (1 - (1 + 1.5%) ⁻²⁴⁰) / 1.5%
96,929 = Annuity * 64.79573209
Annuity = 96,929 / 64.79573209
= $1,495.92
Answer:
b. The demand for the company’s products is elastic, so total revenue declines when prices are raised.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
If prices are increased, the quantity demanded falls more than the percentage rise in price. As a result total revenue falls.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
If demand is inelastic and prices are increased, the change in quantity demanded would be less than the change in price , as a result , total revenue would rise.
I hope my answer helps you
Answer:
how to allocate resources among his four stores.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
In this scenario, George owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis and has finished adjusting his marketing mix based on the STP results. His next strategic marketing decision will most likely involve determining how to allocate resources among his four stores.
Answer:
Fran should choose that which compounds quarterly
Explanation:
In Compound Interest investment, the interest at the end of the compounding period is added to form a new base capital.
If this is done every 3 months, the principal at the beginning of each quarter increases while in annual compounding, the interest is added at the end of the year.
Generally, for investment, the more frequent is it compounded the better. On the other hand, less frequent compounding is preferred for borrowers.