A decrease in the price of complementary goods will shift the demand curve rightward.
A decrease in the price results in increase in demand for a good. Or a rightward move in the demand curve results an increase in both price and production of a complementary good in an economy.
When the price of a complementary good decreases, the quantity demand for that good increases, but the demand for the good that it is being complemented, decreases.
Complementary Goods refers a negative relationship with each other – which means that when price of the product 'A' increases , demand for product 'B' decreases. when price of product 'A' decreases , demand for product 'B' increases. Because in such a case more people now buy product 'A' because of the lower price. This relationship of complementary goods is known as ’negative cross-elasticity of demand.
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When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.
Answer:
$102 million and 6.25%
Explanation:
The computation is shown below:
a. For net income
As we know that
Net income = (Earning before interest and taxes - interest) × (1 - tax rate)
where,
EBIT is calculated after finding out the sales, operating cost which is given below:
Sales = $700 million × 1.20 = $840 million
And, the operating costs = 75% × $840 million = $630 million
So, the EBIT is
= $840 million - $630 million
= $210 million
Now the net income is
= ($210 million - $40 million) × (1 - 40%)
= $102 million
2. Now expected growth rate in net income is
= (Latest year Net income ÷ previous year net income) - 1
= ($102 million ÷ $96 million) -1
= 6.25%
Since dividend payout ratio is same so the growth rate in dividend should be equal to the growth rate in net income i.e 6.25%
Answer:
d. money a company shares with the stockholders
Explanation:
A dividend is money a company shares with the stockholders.
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Answer:
The correct answer is letter "D": the services of an independent auditor.
Explanation:
Every time an internal auditor feels there is inaccurate information on the company's books, <em>requesting for an external audit of a Certified Public Accountant (CPA) is a valid option</em>. Auditors must clarify any piece of information that seems ambiguous in a firm's general ledger. Otherwise, if mistakes or fraud are found, the auditor can be considered an accomplice of such activities.
