The statement the price of radio programming should fall is false.
<h3>What is Complements-in-consumption </h3>
Complements in consumption can be defined as the way in which two or more product complement each other when use of consume together or when use jointly.
Hence, Based on the scenario the statement is false because assuming the both music radio ,and concert are complements in consumption the price of radio programming will not fall.
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Answer:
Times interest earned (TIE) = 7.4 times
Explanation:
The times interest earned (TIE) ratio is a measure used to analyze the company's ability to meet its debt obligations on the basis of its current income level. The TIE ratio is calculated as follows,
Times Interest Earned (TIE) = EBIT / Total Interest expense
Where,
- EBIT is the earnings of the company before interest and tax
To calculate TIE, we first need to determine the EBIT. EBIT can be calculated by backward working. Thus, EBIT is:
EBIT = Net income + tax + interest expense
EBIT = 240000 + 80000 + 50000
EBIT = $370000
Times interest earned (TIE) = 370000 / 50000
Times interest earned (TIE) = 7.4 times
Answer:
B) Country A uses fewer resources to produce corn than Country B does.
Explanation:
An absolute advantage is a situation where a country or a company can produce some goods and services using fewer inputs compared to competitors. The company can produce more quantity of using the same amount of inputs than others. A country with an absolute advantage will manufacture a product at a lower cost than other countries or companies.
Absolute advantage enables companies and countries to gain from trade. Through specialization, a company will focus on what it can produce at a lower cost than others, and sell it. Country A has an absolute advantage if it can produce corn at a lower cost than country B.
Productivity of a worker is measured by how much is produced at a given time.
<h3>What is worker productivity?</h3>
It measures the amount of output produced at a given work interval.
The quantity of goods and services produced per a given time measures a worker productivity.
Therefore, productivity of a worker is measured by how much is produced at a given time.
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Answer:
Price = $8.92
Explanation:
Dividend from yr1 to yr3 will be multiplied by 2 since it doubles per year;
D1 = $0.15*2 = $0.30
D2 = $0.30 *2 = $0.60
D3 = $0.60 *2 = $1.20
D4 (onwards) = $1.50
Next, find the present value (PV) of each dividend;
PV(D1) = 0.30/(1.138) = 0.2636
PV (D2) = 0.60/(1.138²)= 0.4633
PV(D3 ) = 1.20/ (1.138³) = 0.8142
PV(D4 onwards) = ![\frac{[\frac{1.50}{0.138} ]}{1.138^{3} }](https://tex.z-dn.net/?f=%5Cfrac%7B%5B%5Cfrac%7B1.50%7D%7B0.138%7D%20%5D%7D%7B1.138%5E%7B3%7D%20%7D)
= 7.3754
To find the price of the stock today, sum up present values above;
= 0.2636 + 0.4633 + 0.8142 + 7.3754
Price = $8.92
