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3 years ago

Financial statements are reports on the financial performance of organizations. they provide data on

Business

1 answer:

gregori [183]3 years ago

8 0

Answer:

Financial statements are reports on the financial performance of organizations. They provide data on

a. The organization's profitability and goal achievement

b. Changes in the Cash flows and positions, according to activities

c. Financial position in terms of assets, liabilities, and stockholders' equity

Explanation:

The financial statements that provide the above data are the Income Statement, the Statement of Cash Flows, and the Balance Sheet. They are the main financial statements required by GAAP and investors who want to analyze the organization. In the case of governmental and non-profit making organizations, their income statement is known as a Statement of Revenue, Expenses, and Changes in Net Assets.

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uppose the annual demand function for the Honda Accord is Qd = 430 – 10 PA + 10 PC – 10 PGwhere PA and PC are the prices of the

emmainna [20.7K]

Answer:

Qd = 400 units

elasticity of demand of the Accord with respect to the price of Camry = 0.5

elasticity with respect to the price of gasoline = -0.075

Explanation:

Solution:

The annual demand function for the Honda Accord is:

Qd = 430 – 10 PA + 10 PC – 10 PG

Where,

PA = Price of Honda Accord

PC = Price of Honda Camry

PG = Price of Gasoline per gallon.

Selling Price of both cars = $20,000

Fuel Cost = $3 per gallon.

a) Elasticity of Demand of the Accord with respect to the price of Camry.

First, we need to calculate the number of units demanded.

Qd = 430 – 10 PA + 10 PC – 10 PG

Qd = 430 – 10 (20) + 10 (20) – 10 (3.00)

Qd = 430 - 200 + 200 - 30

Qd = 430 - 30

Qd = 400 units

Cross-price elasticity of the Accord with respect to the price of the Camry will be:

Cross Price = (dQd/dPC) x (PC)/(Qd)

dQd/dPC = 10

PC = 20

Qd = 400

So,

Cross Price = 10* 20/400

Cross Price = 0.5

b) Elasticity with respect to the price of gasoline?

Elasticity = (dQd/dPG)*(PG/Qd)

dQd/dPG = -10

PG = 20

Qd = 400

Elasticity = (-10)*(3/400)

Elasticity = -0.075

5 0

3 years ago

Suppose Raphael and Susan are playing a game in which both must simultaneously choose the action Left or Right. The payoff matri

erica [24]

Answer: Please refer to Explanation

Explanation:

The Dominant Strategy in a game is the strategy that a player will choose that will provide them with the highest payoff regardless of what the other player does.

In the above, the dominant strategy will be for RAPHAEL to choose LEFT.

By choosing left Raphael makes a payoff of 4 if Susan picks Left as well and a Payoff of 6 if Sudan picks Right. This is better than him picking Right and he will get a Payoff of 3 if Susan chooses Right as well.

The Nash Equilibrium is the strategy where both are making the best that they can given the strategy of the other player and deviating from it will give them less pay out.

The dominant strategy therefore is for RAPHAEL to choose LEFT and for SUSAN to choose RIGHT.

This is because Raphael will pick Left as it maximises their payoff and Susan will then pick a strategy that gives her the highest payoff based on Raphael's decision which is to go RIGHT.

7 0

4 years ago

A new manager starts his work by talking with each member of his team, getting to know their strengths and weaknesses, and helps

wel

Answer: the correct answer is coaching leadership.

Explanation:

The Coaching Leadership Style is a relatively new and guiding leadership style. The leader has these skills when he is able to develop and improve the performance and competences of his employees. The basis of the Coaching Leadership Style is the dynamic interaction between the leader and the employee.

5 0

3 years ago

The fixed cost of conducting the four promotions is estimated to be 18000 dollars with a variable cost of 3.75 dollars per custo

mote1985 [20]

Answer:please refer to the explanation section

Explanation:

The Question is incomplete. the question requires us to calculate minimum number of customers required to cover costs of promotions, to calculate the minimum number of customers required we need a price per customer. let us assume the price $6

Variable costs = $3.75

Fixed costs = $18000

Minimum Customers Required = Fixed costs/(Price - Variable cost)

Minimum Customers Required = 18000/6 - 3.75 = 8000

8000 customers are required

4 0

3 years ago

As the President of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis

ivanzaharov [21]

Answer:

B. Information management

Explanation:

Information management refers to managing the sources of information that a company uses, and distributing the information received to the internal users. It involves identifying information needs, developing information services, and distributing and using that information.

3 0

3 years ago