Answer: C) Stock prices would only change on unexpected news
Explanation:
If the stock market was perfectly efficient, it would mean that all known information is already reflected in the stock price. This includes both historical and current data.
For the stock price to change therefore, there would have to be unexpected news that are not already accounted for in the price and so will force it to react positively or negatively.
Answer:
The demand for beer is inelastic
Explanation:
Price Elasticity of Demand (PED) is the measure of responsiveness of the demand of a consumer to a product to a change in the price of the product. The formula is percentage change in quantity demanded divided by percentage change in price.
A PED of greater than 1 is elastic, meaning that the demand for a product is sensitive to the very small change in price.
A PED of less than 1 is said to be inelastic, which implies that there is no significant change in the quantity demanded when the price changes. In our example, the PED is inelastic because:
since 0.25 is less than 1, PED is inelastic
Finally, if the ratio of the percentage changes in both quantities demanded and price equals 1, it is said to be unit elastic. This means that there is a proportionate change in quantity demanded with a change in price.
Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.
<h3>Word problems in algebra?</h3>
Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.
- In Mark Adler's current job, it was noted that he earns $1963.71 per month
However, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.
It implies that if he works for over 40 hours per week, he gets paid at the rate of:
For 40 hours, he will make 40 hr × $14.7 / hr = $588
Therefore, to make the same amount per week at his current job, he has to work for:
= $133.59 hours
Learn more about word problems here:
brainly.com/question/2254383
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 8,000 units
Total cost= $612,500.
Selling price= $100.
Selling costs:
commissions equal to 5% of the sales
other selling expense of $45,000.
Administrative expense totaled $47,500
<u>Income statement:</u>
Sales revenue= (8,000*100)= 800,000 100%
COGS= (612,500) 76.56%
Gross profit= 187,500
commissions= 0.05*800,000= (40,000) 5%
other selling expense= (45,000) 5.63%
Administrative expense= (47,500) 5.94%
Net operating income= 55,000 6.87%
Answer:The answer is A
Explanation:
SMART are five steps in setting a business goal, S means specific, M means measurable A means Attainable / Achievement, R means Realistic/ Result Oriented, T means Time based
Specific : A specific goal has a much greater chance of being accomplished than general goal.great goal are well focused. In order to set a specific goal, the following questions must be answered such as who is involved? , what do I want to accomplish? What are the requirements needed to achieve the goal? What are the purpose of accomplishing the goal?
Measurable : This established the basis for measuring the level of progress towards the accomplishment of the goal.when a goal is measured, it enables the goal setter to stay on track to reach the target goal.it spurs the goal setter to continue the effort required to accomplish the goal. In measuring a goal questions such as how much? how many? how will I know when it is accomplished? must be answered.
Attainable : When a business goal is identified, it is important to begin to figure out ways to achieve the goal. The goal setter has to develop the attributes, abilities, skills,and the financial capacity to reach the goal. The goal can be attainable, when the goal setter plan the step wisely and also established a framework that allows the carrying out of the steps so outlined.
Realistic / Result Oriented : The business goal can be realistic or result oriented, when such a goal represents objective ahead which the goal setter are both willing and able to work towards. A goal can be both high and realistic, the goal setter is the one to decide just how high the goal is to know the substantial progress that had been made.
Time based: A goal should be within a specified time frame within which when such a goal is expected to have been accomplished.
