The income elasticity in this case is 1.
<u>Explanation:</u>
In Economics, the income elasticity of demand gauges the responsiveness of the amount requested for a decent or administration to an adjustment in income. It is determined as the proportion of the rate change in amount requested to the rate change in pay.
Income Elasticity of Demand (YED) is characterized as the responsiveness of interest when a purchaser's salary changes. It is characterized as the proportion of the adjustment in amount requested over the adjustment in salary.
Answer: Sherry and Maria.
Explanation:
Answer:
c. 11.02 percent
Explanation:
Weighted Average Cost of Capital (WACC) is the return that is required by the long term providers of Finance for the Business.
WACC = Ke × E/V + Kp × P/V + Kd × D/V
Where,
Ke = Cost of Equity
= 15.8 %
E/V = Market Weight of Equity
= 0.46
Kp = Cost of Preference Stock
= 8.3 %
P/V = Market Weight of Preference Stock
= 0.05
Kd = After tax Cost of Debt
= 6.8 %
D/V = Market Weight of Debt
= 0.49
Therefore,
WACC = 15.8 % × 0.46 + 8.3 % × 0.05 + 6.8 % × 0.49
= 11.015 or 11.02 %
That statement is True.
The purpose of calculating Gross Domestic Product is to measure the market value of all the goods and services that produced by a country within a specific time period.
Gross Domestic Product is calculated using this formula:
Consumption + Gross Investment + Government investment + (Exports - Imports)
Answer:
The answer is
A. $955,700
B. $570,900
C. $734,400
Explanation:
A. Cost of sales
Gross profit = Sales - Cost of sales.
Therefore, Cost of sales will now be:
Sales - Gross profit
$1,309,200 - $353,500
=$955,700
B. Direct materials cost
Direct materials cost = material purchased - indirect materials - ending material Inventory
$667,700 - $48,400 - $48,400
=$570,900
C.Direct labor cost
Direct labor cost = manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor
$1,445,400 - $570,900 - $22,300 - $117,800
=$734,400
