Answer:
Highly inelastic
Explanation:
Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;
Price elasticity of demand=%change in quantity demanded/%change in price
%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100
((299-300)/300)×100=-0.33%
%change in price=12%
12%>0.33%
The change in price is larger than the change in demand, therefor the product is highly inelastic
Answer:
D. $460,500
Explanation:
Given that
Cost of parcel of land = 450000
Legal fees = 3000
Broker's fees = 7500
Therefore,
Amount recorded as cost of parcel of land is
Cost of parcel of land + legal fees + brokers fee
= 450000 + 3000 + 7500
= $460,500
When purchasing land, fees like commissions, legal fees, bank fees, title fees and other expenses added before the land can be used are considered as part of the land's cost. Hence the answer.
Answer:
$1
Explanation:
The computation of the dividend per share is shown below:
Given that
Earning per share for this year =4
Target Payout Ratio = 25%
Paid dividend per share = $0.60 per share
Based on the above information, the dividend per share is
= Earning per share × Payout Ratio
= 4 × 25%
= 1
Therefore, Dividend per share is 1
We simply multiplied the earning per share with the payout ratio so that the dividend per share could come
