Answer:
15.16 percent
Explanation:
Debt Equity ratio measures the ratio of the debt to its equity.
Formula for debt equity ratio is as follow
Debt / Equity ratio = Debt of the company/ Equity of the company
As per given data
Equity = $383,333.33 + 0.31($61,000) = $402,243
Debt = $61,000
Placing values in the formula
Debt / Equity ratio = $61,000 / $402,243
Debt / Equity ratio = 15.16%
True. Good management can lead to the success of a business entity with the aid of a field research analyst and the viability of the functions of management. Having good management directly relates to having a smooth running operation. The management team makes sure their individual groups are operating how they should and working efficiently for the overall goals to be met.
Production possibilities curve between the two goods will be a straight, downward-sloping line if the opportunity cost rise.
<h3>What is production possibilities curve?</h3>
The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.
Therefore, when the opportunity cost that exists between two goods, there will be. downward slope as regards the production possibilities curve.
Learn more about production possibilities curve at;
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We can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
<h3><u>
Explanation:</u></h3>
The ability of a person in spending a unit of money in purchasing a product r devices refers to the purchasing ability of that person. Purchasing power determines the quantity if goods and services that can be purchased by the individuals of an economy. The main factor that determines the purchasing power of an individual is the inflation rate.
In the given example, the ability of Michel in purchasing pizzas or submarine sandwiches is explained. When the pizza and submarine sandwiches prices gets doubled, the income of Michel triples. From this we can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
