Answer:
income elasticity of demand for mangoes = 3.53
Explanation:
given data
income is $500 per week
mango price = $1
buys = 4 mangoes
income increases = $560 per week
mangoes increases = 6
solution
we get here income elasticity of demand for mangoes that is express as
income elasticity of demand for mangoes =
income elasticity of demand for mangoes = 3.53
An installment credit is also known as installment loan. It is a loan that is repaid over time with a set number of scheduled payments.
Answer:
a. 36,000
Explanation:
Calculation to determine what February production in units is:
Sales for the month 30,000
Add Ending inventory 15,000
(50,000*0.3)
Less Beginning inventory (9,000)
(30,000*0.3)
February production in units 36,000 units
Therefore February production in units is: 36,000 units
Answer:
10.23%(approx)
Explanation:
WACC for this project:
= (Debt ÷ Initial investment) × cost × (1 - tax rate) + (Preferred stock ÷ Initial investment) × cost + (Equity ÷ Initial investment) × cost
= (750,000 ÷ 1,708,000) × 8.7 × (1 - 0.25) + (78,000 ÷ 1,708,000) × 9.9 + (880,000 ÷ 1,708,000) × 13.2
= (0.44 × 8.7 × 0.75) + (0.05 × 9.9) + (0.52 × 13.2)
= 2.871 + 0.495 + 6.864
= 10.23%(approx)