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Korolek [52]
3 years ago
11

Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark., decided two years ago to bolster it

s academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. Although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. (Source: Jonathan D. Glater and Alan Finder, "In New Twist on Tuition Game, Popularity Rises With the Price," New York Times, December 12, 2006) Based on the information above, the demand for Hendrix College education is
Business
1 answer:
Marianna [84]3 years ago
6 0

Answer:

Inelastic

Explanation:

Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.

PED = 37% / -25% = -1.48 inelastic

If PED > 1, elastic demand

If PED < 1, inelastic demand

If PED = 1, unitary demand

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Bedeker, Inc., has an issue of preferred stock outstanding that pays a $3.35 dividend every year in perpetuity. If this issue cu
kolezko [41]

Answer:

k_{p} = 3.72%

Explanation:

We know,

The price of a preferred stock is calculated by dividing the dividends from preferred stock by the required rate of return of preference share. Assuming the stock is growing constantly.

The formula to calculate -

Price of preferred stock = Dividend from preferred stock ÷ required rate of return

Given,

Dividend from preferred stock = $3.35

Price of preferred stock = $90

Therefore,

$90 = $3.35 ÷ k_{p}

or, k_{p} = $3.35 ÷ $90

or, k_{p} = 0.0372

Hence, k_{p} = 3.72%

The required return = 3.72%

8 0
3 years ago
A buyer-supplier relationship is formed around leverage items in portfolio analysis to attain the desired levels of quality, qua
Tanzania [10]

Answer:

an operational partnership.

Explanation:

In the case when the buyer supplier relationship is created for accomplished the expected quantity levels, quantity, price, delivery and the service at the less overall ownership cost so that we called as an operational partnership as there is an agreement made between the buyer and the supplier to anlayze the portfolio

8 0
3 years ago
​The steps in the process of stereotype formation and maintenance in order are:
Brilliant_brown [7]
Expectations, categorization, inferences, maintenance.

Categorization, inferences, expectations, maintenance.

Inferences, categorization, expectations, maintenance.

Categorization, expectations, inferences, maintenance

4 0
3 years ago
Logitech is a computer peripherals company that was founded in Switzerland in 1981. From the outset, the founders realized they
anastassius [24]

Answer:

For instance, its UE Boom portable was built in its own factories in China. Logitech uses a combination of <u>CONTRACT MANUFACTURING</u> and <u>DIRECT OWNERSHIP</u> when manufacturing products.

Explanation:

Contract manufacturing basically refers to outsourcing production to another company, it is basically what Apple does with Foxconn in China. Foxconn produces iPhones for Apple, but it cannot sell them as their own products.  

Direct ownership refers to companies that actually own the factories that produce their products, e.g. Honda cars are made in the US in Honda factories.

8 0
4 years ago
During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
Greeley [361]

Solution:

S.NO.             Accounts title and Explanations           Debit          Credit

1                                          Cash                                 $25,000

               Accumulated Depreciation- Machine A    $63,960

                               Gain on Dispose:                                            $10,400

                                      Machine A                                                $78,560

Accumulated Depreciation - Machine B                   $16,500

Loss on Disposal                                                          $10,700

                                       Machine B                                                $27,200

Note: -When the net value of the commodity disposed of is smaller than the amount paid, there is a benefit. If the worth of the book is MOT, there is a cost.

3 0
3 years ago
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