Income elasticity of demand is a measure of responsiveness of the quantity of goods or services demanded to a change in the income of the people demanding the good. It is calculated as the ratio of the percentage change in the quantity demanded to the percentage change in income.
In this case, percentage change in quantity demanded is 25% and percentange change in income is 20%
Therefore, income elasticity = 25/20
= 1.25
Raise;decrease is the answer to this question
Answer:
The correct answer to the following question is option A) $0
Explanation:
Given information -
House bought 15 years ago by Jerry at - $60,000
Jerry and her wife Debbie sold the house for - $340,000
The realized gain for Jerry and Debbie on the sale of house - $280,000 ( $340,000 - $60,000 )
Jerry and Debbie wants to file joint tax return , and they are allowed an exclusion up to $500,000. Which means if the amount of gain doesn't exceed $500,000, then they won't have to pay tax on this gain.
Answer:
a small business with an HR specialist but no HR department.
Explanation:
According to my research on human resources within organizations, I can say that based on the information provided within the question the type of organization that would most likely offer this to Ann would be a a small business with an HR specialist but no HR department. This is because smaller business only need one HR specialist to handle all the employee needs since there are not that many, as opposed to bigger business which would need a whole HR department in order to be able to handle the workload needed to take care of all the employees with the company.
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Answer:
Market rate of return is 7.79%
Explanation:
The market rate of return on the stock can be computed using the market price of the stock , which is given below:
share market price =D1/(Expected market return-Dividend growth rate)
share market price is $28.16
D1 is the expected dividend next year which is given by $1.35
expected market return is the unknown
dividend growth rate is 3%
$28.16=$1.35/expected market return-3%
let y be the expected market return
$28.16=$1.35/y-3%
by cross multiplication the equation becomes
$28.16*(y-3%)=$1.35
y-3%=$1.35/$28.16
y=($1.35/$28.16)+3%
y=7.79%
