Answer:
New demand = 189 boats
Explanation:
Given:
Total demand = 210 boats
Price = $22 million
Tax increase = 10%
Find:
New demand
Governments tax revenue
Computation:
price increase by 10% so, demand decrease by 10%
New demand = Total demand [100% - 10%]
New demand = 210 [90%]
New demand = 189 boats
Governments tax revenue = 189[($22million + 10%) - $22million]
Governments tax revenue = 189[$24.2 - $22million]
Governments tax revenue = $415.8 million]
Answer:
30%
Explanation:
We have to have three defined concepts:
Sales revenues (SR): This is the income generated by selling a product/service.
Production costs (PC): The costs of producing say product/service that we are offering to the market.
Operating profits (OP): This are the profits generated by the operationg of our business.
With those concepts in mind we need to find the Operating profits for each year so we can found the percent changes in the operating profits.
OP = SR - PC
2016 - OP (2016) = 800,000 - 600,000 = 200,000
2017 - OP (2017) = 900,000 - 640,000 = 260,000
Now we calculate the expectend increase using the percent change (%C) formula:
%C =
Replacing:
%C =
Our initial value is the OP of 2016 and our final value is the OP of 2017, so the OP for 2017 are expected to increase by a 30%.
The options are:
I. Commercial letter of credit II. Loan commitment III. Credit line IV. Repurchase agreement
Answer:
II. Loan commitment
III. Credit line
Explanation:
When a construction company wants to commence a project it will need to obtain a permit to start the process.
In obtaining the permit there are certain criteria that the development authorities look at before giving out permits.
They consider if the construction company has the capacity to complete the project and deliver quality work in the process.
To give this assurance the company will need to obtain a Loan Commitment and Credit Line from its bank.
These will show the development authority that the company will have sufficient funds to perform the task.
Answer:
The correct answer is A that is relationship selling
Explanation:
Relationship selling is the term which is described as the technique of sales which focuses or involved on the interaction among the salesperson and the buyer instead of the details or the price of the product.
In this case, Tristan who is a salesperson, who is a charge of the textile company and takes the employees of the company out for dinner. He is involved in the relationship selling.