Match the benefit with its detailed explanation

Decide whether you agree or

Leona [35]

Answer:

A. Disagree

B. Disagree

C. Disagree

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic if a small change in price leads to a greater change in quantity demanded. The absolute value of elastic demand is usually greater than 1.

Demand is inelastic if a small change in price has little or no effect on the quantity demanded. The absolute value of inelastic demand is usually less than 1.

Demand is unitary, if a change in price has the same proportional effect on quantity demanded. The absolute value of unitary elasticity of demand is equal to 1.

The absolute value of elasticity for cocaine is 0.2 which indicates that it has an inelastic demand, if price increases, there would be no change in the quantity demanded. Amount spent on cociaine would increase and producers revenue would rise.

The absolute value of elasticity for Christmas three is 1.3 which indicates that it has an elastic demand. If price falls, the quantity demanded would rise and revenue earned by sellers would rise as a result.

When elasticity of demand is unitary, an increase in price leads to the same proportional increase in revenue.

I hope my answer helps you

3 0

3 years ago

The principal difference between objectives and goals is that

Rudik [331]

<span>An objective is a subset of the overall goal. The goal is the final accomplishment.The objective is to complete each step leading toward the ultimate goal. Ghant charts were designed with this premise in mind.</span>

4 0

3 years ago

You own a portfolio that is invested 35 percent in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected retur

Naddik [55]

Answer:

Expected return - Portfolio = 0.1155 or 11.55%

Explanation:

The expected return on the portfolio is the weighted average of the expected returns of the individual stocks that form up the portfolio. Thus, the formula for the expected return of the portfolio is,

Expected return - Portfolio = rA * wA + rB * wB + ... + rN * wN

Where,

rA, rB, ... represents the expected return on stock A, return on stock B and so on
w represents the weight of each stock in the portfolio

Expected return - Portfolio = 0.09 * 0.35 + 0.15 * 0.2 + 0.12 * 0.45

Expected return - Portfolio = 0.1155 or 11.55%

3 0

3 years ago

On July 1, 2020, Riverbed Inc. made two sales.

V125BC [204]

Answer:

Riverbed Inc.

Journal Entries:

1. Debit 0% 4-year Promissory Notes Receivable $1,435,565

Credit Land $597,200

Credit Gain on Sale of Land $315,130

Credit Interest Revenue $523,235

To record the sale of land in exchange for a note with face value of $1,435,565

2. Debit 3% 8-year Promissory Note Receivable $401,660

Credit Service Revenue $162,224

Credit Interest Revenue $239,436

To record the rendering of service in exchange for a note with face value of $401,660.

Explanation:

a) Data and Analysis:

July 1, 2020:

1. 0% 4-year Promissory Notes Receivable $1,435,565 Land $597,200 Gain on Sale of Land $315,130 Interest Revenue $523,235

From an online financial calculator, the PV and Interest:

N (# of periods) 4

I/Y (Interest per year) 12

PMT (Periodic Payment) 0

FV (Future Value) 1435565

Results

PV = $912,330

Total Interest $523,235

Gain on Sale of Land:

Fair value of the land = $912,330

Book value of the land 597,200

Gain on sale of land = $315,130

2. 3% 8-year Promissory Note Receivable $401,660 Service Revenue $162,224 Interest Revenue $239,436

From an online financial calculator, the PV and Interest:

N (# of periods) 8

I/Y (Interest per year) 12

PMT (Periodic Payment) 0

FV (Future Value) 401660

Results

PV = $162,224

Total Interest $239,436

8 0

3 years ago

Who sells the best pasteles online thats trust worthy and good reputation?

Alja [10]

It would be Pasteles y Algo Mas

3 0

3 years ago