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erica [24]
3 years ago
14

The demand for bus rides is a downward-sloping straight line demand curve. The price elasticity of demand for bus rides ________

.(A) decreases as the price of a bus ride(B) rises is the same no matter what the price of a bus ride(C) increases as the price of a bus ride falls(D) decreases as the price of a bus ride falls
Business
1 answer:
MrMuchimi3 years ago
4 0

<u>Answer:</u>

<em>The price elasticity of demand for bus rides decreases as the price of a bus ride falls  (D)</em>

<em></em>

<u>Explanation:</u>

Price elasticity of interest is a financial proportion of the adjustment in the amount requested or obtained of an item in connection to its value change. When the amount required of an object displays a considerable difference because of changes in its value, it is named versatile; that is, the amount extended a long way from its earlier point. On the off chance that the amount obtained has a little change because of its value, it is named inelastic; or the amount did not extend much from its earlier point.  

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Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair
liberstina [14]

Answer:

Takeover Co.

a) Goodwill = $146,000

b) Target's ROI = 36.42%

c) Takeover's ROI = 21.07%

d) False

Explanation:

a) Data and Calculations:

Target Co's net assets fair value = $162,000

Payment by Takeover Co = $308,000

Goodwill = $146,000 ($308,000 - $162,000)

b) Target's ROI:

Operating income = $59,000

Net assets = $162,000

ROI = ($59,000/$162,000) * 100

= 36.42%

c) Takeover Co's ROI:

Operating income = $64,900

Net assets = $308,000

ROI = $64,900/$308,000 * 100

= 21.07%

d) Takeover Co:

Goodwill = $93,000

Purchase price of Target = $255,000 ($93,000 + $162,000)

5 0
3 years ago
Spring is here, and Sam and his brother would like to go fishing for the weekend in Vermont. Sam could either go to the river in
Anvisha [2.4K]

Question Completion:

Common resources versus private goods

Spring is here, and Kevin and his brother would like to go fishing for the weekend in Vermont. Kevin could either go to the river in town where anyone can fish without a permit, or he could drive up to a stream located on his family's property in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no "catch and release" policy) PRIVATE PROPERTY The fish in the private stream are considered --------------and ----------------- whereas the fish in the river are ---------------- and -------------

In other words, the fish in the private stream are an example of ----------------? , and the fish in the river are an example of -------------.  Fishing in the river will likely lead to ........................... because of which of the following reasons?

O Anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success.

O All fishermen will choose to fish in the river because of the limited access to the stream.

O All fishermen will choose to fish in the stream believing that there are more fish there.

O Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the river.

Answer:

The fish in the private stream are considered ---excludable---and ----rivalrous-------- whereas the fish in the river are ---non-excludable----- and -----rivalrous---

In other words, the fish in the private stream are an example of ---private goods-------------? , and the fish in the river are an example of ---common goods-----.  Fishing in the river will likely lead to .....rivalry.... because of which of the following reasons:

O Anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success.

Explanation:

Private goods are distinguishable from common and public goods because of their chief characteristics.  These characteristics are Excludability, Rivalry, and Rejectability.  On the other hand, public goods are characterized by non-rivalry and non-excludability.  Finally, common goods are known to be rivalrous and non-excludable.

4 0
3 years ago
Farrell wants to retire in six years. To have sufficient assets to fund retirement, Farrell needs to accumulate an additional $4
Mademuasel [1]

Answer:

$73,070.5

Explanation:

Inflation erodes the value of money. It makes more quantity of money to required to buy the same basket of food and services in the future.

With inflation, to calculate the the quantity of Dollars needed in n years time, we use the formula;

Inflated amount = h × (1 + f)^n

h= amount required today, f - inflation rate, n- number of years

So if Farrell needs $400,000 in 6 years time in real terms, with an inflation of 5% per year, he would need to have a quantity of money equal to

1.05^6 × 400,000 = $536,038.3.

To provide for $536,038.3  in 6 years time, he would need to contribute into a sinking fund on a yearly basis, an equal amount denoted as "A" in the formula below:

FV = A ×  ((1+r)^n  - 1)/r

FV - 536,038.3, r - 8%, n = 6

536,038.3 = A × ((1+0.08 )^(6) - 1)/0.08)

536, 038.3 = A × 7.3359

536,038.3/7.3359 = A

$73,070.5  = A

Farrell should invest at the end of every year

$73,070.5

7 0
3 years ago
A restaurant is for sale for $200,000. It is estimated that the restaurant will earn $20,000 a year for the next 15 years. At th
Thepotemich [5.8K]

Answer:

B

Explanation:

to determine of the investor would pursue the project, we need to determine the value of the net present value

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 = $-200,000

Cash flow in year 1 - 14 = 20,000

Cash flow in year 15 = 20,000 + $350,000

I = 15%

NPV = -40,039.53

The npv is negative and the project should not be undertaken

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

-40,039.53

6 0
2 years ago
After the accounts have been adjusted at March 31, the end of the fiscal year, the following balances were taken from the ledger
IrinaK [193]

Answer and Explanation:

The two entries for closing the accounts are shown below:

1 Fees earned $542,145

    To Income Summary $542,145

(Being  revenue accounts are closed)  

2 Income Summary Dr $475,565

     To Wages expense $349,700

     To Rent Expense $83,900

     To Supplies Expense $31,475

     To Miscellaneous expense $10,490

(Being expense accounts are closed)

These two entries should be recorded

3 0
3 years ago
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