Answer:
0.4
Explanation:
Given that,
Convenience store advertises 50% off frozen slushies: This means that the price of slushies decreases by 50%.
20% Fewer sales of fountain drinks: This means that the quantity demanded of fountain drink decreases by 20%.
Percentage change in the price of slushies = 50%
Percentage change in the quantity demanded of fountain drink = 20%
Cross price elasticity measures the responsiveness of quantity demanded for one good to any change in the price level of the other good.
Therefore, the cross elasticity between slushies and fountain drinks is as follows:
= Percentage change in the quantity demanded of fountain drink ÷ Percentage change in the price of slushies
= 20 ÷ 50
= 0.4
Therefore, the positive cross price elasticity indicates that these are the substitute goods.
Answer:
- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser
Explanation:
According to the uniform securities act, the following describes that you are permitted to do at the time when you are giving suggestions to the client
As we know that the broker or dealer as the case may be & the bank would not be included in the investment advisor definition
iSo the same would be considered for the given situation
Hence, the second option is correct
Answer:
d. credit to the investment account for $9,000
Explanation:
Inequity method investor reports his proportionated share as an invesment in the balance sheet and any profit / loss will also be recorded in this account.
Zach company initialy recorded the share in Investment account and subsequest loss will also be adjusted in the this account with a credit entry because of debit nature of Investment account.
Loss Share = $20,000 x 45% = $9,000