<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>
I believe the answer is: Sociability
Sociability refers to how good a person skills in interacting/communicating with other people. In business environment, sociability is seen as a massive asset since it could improve your work efficiency with your team along with increasing your chance of obtaining a good business opportunities through networking.
Answer:
Price of bond= $1,185.72
Explanation:
<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.
</em>
These cash flows include interest payment and redemption value
The price of the bond can be calculated as follows:
Step 1
PV of interest payment
annual coupon rate = 7.1%
Annual Interest payment =( 7.1%×$1000)= $71
Annual yield = = 5.5%
PV of interest payment
= A ×(1- (1+r)^(-n))/r
A- interest payment, r- yield - 5.5%, n- no of periods -19 periods
= 71× (1-(1.055)^(-19))/0.055)
= 71× 11.60765352
= 824.143
Step 2
PV of redemption value (RV)
PV = RV × (1+r)^(-n)
RV - redemption value- $1000, n- 19, r- 5.5%
= 1,000 × (1+0.055)^(-19)
= 361.579
Step 3
Price of bond = PV of interest payment + PV of RV
$824.143 + $361.579
Price of bond= $1,185.72
Answer:
104,000
Explanation:
The computation of diluted earnings per share for the quarter is shown below:-
Particulars Shares
Proceeds from exercise of options a $126,000
(18,000 × $7)
Used to repurchase of common stock b $14,000
( $126,000 ÷ $9)
Number of shares if option is exercised c 18,000
Less: Shares assume repurchased d 14,000
Potential Diluted common shares (e = c-d) 4,000
Add: Number of common shares f 100,000
Number of shares diluted earning per share 104,000
(e + f)
So, to reach the Number of shares diluted earning per share we simply add number of number of common shares with potential diluted common shares.
