Answer:
The correct answer is 842.1 Pesos and 941.18 Pesos.
Explanation:
According to the scenario, the given data are as follows:
Price of Jeans = $80
So, if exchange rate is $0.095 = 1 pesos
Then pesos required to buy that jeans can be calculated as follows:
Pesos required = $80 ÷ $0.095
= 842.1 Pesos
And if 1 Pesos = $0.085, then
Pesos required = $80 ÷ $0.085
= 941.18 Pesos
Answer:
C. Reject W
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) which is shown below:
Expected return = Risk-free rate of return + Beta × (Market rate - Risk-free rate of return)
= 7% + 1.6 × (12%-7%)
= 7% + 1.6 × 5%
= 7% + 8%
= 15%
The Project W should be rejected as it gives only 14% expected return which is less than the derived expected return.
Answer and explanation:
Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is <em>elastic </em>but if the result is lower than 1 the product is <em>inelastic</em>.
In the case, <em>as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should </em><u><em>increase the museum ticket price to increase revenue</em></u><em>.</em>
Answer:
$127,400
Explanation:
Gross profit ratio = [(sale - cost) ÷ sale price] × 100
= [($5,000,000 - $3,700,000) ÷ $5,000,000] × 100
= 0.26 × 100
= 26%.
Gross profit on down payment is recognized in 2019:
= Down payment × Gross profit ratio
= $490,000 × 26%
= $127,400
Answer:
Supplies Expense 12500
Explanation:
<em>Bravo Unlimited</em>
<em>Adjustment Entry</em>
Date Particulars Debit Credit
February 29 Supplies Expense 12500
Supplies Account 12500
( Opening bal+ purchases- Ending bal= Expense= 2000+ 12000- 1500= 12500
At the month end Supplies were used for $ 12500 and supplies on hand are $ 1500.
On 2nd Feb the supplies account totalled $ 14000 but $5000 supplies had been expensed so the total amount of supplies used up is calculated by (Opening bal+ purchases- Ending bal= Expense) the formula given above.
