Answer: 13.2%
Explanation:
Given data:
No of stores in the market = 5000
No. of store owners = 2000.
Allison charges = $8/month
Sam charges = $8/month.
Solution:
The market penetration rate would be calculated based on potential customers.
Using our general formula,
Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population
Where,
Total potential population=1,500
•Allison derived sales = 129 customers
•Sam derived sales = 69 customers
•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers
•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers
Let’s input this into our general formula.
Market penetration
= 169 customers/1,500
= 0.132*100
= 13.2%
The market penetration rate based on potential customers is 13.2%
Individuals differ in risk aversion because of differences in income or wealth.
- Risk aversion is the propensity of people to choose outcomes with low uncertainty over those with high uncertainty, even when the average outcome of the latter is equal to or higher in monetary worth than the more definite event. This tendency is shown in both economics and finance.
- Risk aversion is the tendency to avoid danger. A risk-averse investor is one who prioritizes money preservation over the potential for a higher-than-average return. Price volatility and investment risk are the same.
- If someone would rather take the risk and maybe receive nothing than accept a definite payment (certainty equivalent) of less than $50 (for instance, $40), they are considered to be risk averse. If they have no preference between the wager and a specific $50 payoff, they are risk neutral.
Thus the correct answer is d.
Refer here to learn more about risk aversion: brainly.com/question/8394406
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Answer:
$52.25
Explanation:
From the question given, thus saying if a market buy order for 100 shares comes in, at what price will it be filled.
(a) The price it will be filled is at $52.25
The Reason is that,the buy-market order will be filled at the price $52.25, the best value price of the sell limit orders in the book.
Answer: Market-oriented
Explanation:
The market oriented organization is one of the type of business approach that producing the various types of products and the services according to the customer requirement or desire.
The main aim of the market oriented organization is that they focus on the selling and also designing goods and the services that satisfied the consumer desire.
According to the given scenario, the management of the GH apparel is the market oriented organization as it properly analyzed the market and also recognize the actual requirement of the customer.
Therefore, Market-oriented is the correct answer.
Answer:
Explanation:
1. The journal entries are shown below:
On December 1
Cash A/c Dr $1,260
To Deferred Service Revenue $1,260
(Being cash is received)
On December 31, 2016
Deferred Service Revenue $420 ($1,260 ÷ 3 months)
To Service revenue $420
(Being service revenue is recorded)
2. Income statement
Earned income from car washing services $420
Balance sheet
Assets
Cash $1,260
Liabilities
Deferred Service Revenue $840 ($1,260 - $420)
