Answer:
D. possibly increase, possibly decrease, or possibly remain constant
Explanation:
If a firm's expected growth rate increased then its required rate of return would possibly increase, possibly decrease, or possibly remain constant
In economics, income elasticity of demand measures the response
of the number demanded for a good or service to a change in the income of the people
demanding the good or service. The formula for calculating this metric is:
Income Elasticity Demand =
Change in Quantity Demanded / Change in Income
Income Elasticity Demand =
55 nights – 33 nights / $600 - $400
Income Elasticity Demand =
0.11 = 11%
Since
<span>Income Elasticity Demand is 0.11 or 11%
(positive number), therefore this means that an increase in income of the
people leads to an increase in the demand of nights dining out.</span>
Answer:
B. depository institution.
Explanation:
Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.
Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.
Answer: The "RR" may change the account number on the order ticket to the correct number if the branch manager approves in writing
Explanation: According to the scenario described above, the error in the executed order can only be effected based on approval by the branch manager after being notified by the registered representative of the error in the order ticket. The official approval to effect the change in the error made in the account details must be put into writing by the branch Manager for privacy and documentation sake as making such change to an order ticket requires following due process.
Answer:
=14%
Explanation:
TVOM represents the Time Value of Money and it represents the worth of an amount of money in present time as compared to its worth in the future. TVOM states that money's potential capacity to earn makes it worth money if received today than if it received in the future.
To calculate the Time Value of Money for Wylie, the following step is undertaken
Step 1: Calculate the difference between $5000 to be received today and the $5,700 Wylie demands as minimum to receive if he is to wait for 1 year
=$5,700 - $5000
=$700
Step 2: Use the formula for TVOM
TVOM= (Difference in value in one year's time /The present amount offered today) x 100
= ($700 /$5,000) / 100
=0.14 x100
=14%
Alternate calculation
Use this formula = P(1+r)= F
P= Present value
r= rate
F= Future value
=$5000 (1 +r) = $5,700
= (1+r)= $5700/$500
=(1+r) = 1.14
r= 1.14 - 1
= 0.14 or 14%
