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xz_007 [3.2K]
3 years ago
12

Answers at the beginning of this year, daily consumption of gasoline in the us amounted to 344 million gallons. it is estimated

that for every 10% increase in the price of gasoline, quantity demanded falls by 2.30%. by the end of this year, the price of gasoline is expected to increase by 40 cents from $2.80 per gallon. based on this information, what is the expected quantity demanded for gasoline at the end of this year? please specify your answer to one decimal place.
Business
1 answer:
miv72 [106K]3 years ago
6 0
<span>332.7 million gallons. First calculate the percentage increase in price of gasoline. 0.40 / 2.80 = 0.142857 = 14.2857% Now divide by the 10% to get the number of multiples of 10% the price increased by 14.2857% / 10% = 1.42857 Now multiply that by the percent decrease in demand 1.42857 * 2.30% = 3.29% So it looks like there will be a 3.29% decrease in demand due to the higher price. So calculate the expected amount of gasoline demand. 344 * (100% - 3.29%) = 344 * (96.71%) = 344 * 0.9671 = 332.7 So the expected demand after a price increase of 40 cents per gallon is 332.7 million gallons.</span>
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For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. if you ea
Helen [10]

Average cost for a meal is $4.

<h3>Formula:</h3>

Average cost = Total cost/ no. of goods produced

In this case:

Avg. cost = $600/150 = $4

<h3>What is Average Cost ?</h3>
  • Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced.
  • The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).
<h3>How to find the Average cost ?</h3>
  • We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.
  • The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits.
  • Therefore, if a commodity's price is higher than its average cost, the corporation will profit more. However, if the price is below the average cost, the business loses money.

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4 0
2 years ago
Companies have the opportunity to use varying amounts of different sources of financing, including internal and external sources
Mrrafil [7]

Answer:

A) Company A is the one that is financially leveraged.

Where there is the presence of debt in the capital structure of a firm, that firm is said to be Financially leveraged.

B) A is true.

A company's return on equity or expected returns increases because the use of leverage increases stock volatility. Volatility increases its level of risk which in turn increases returns. This happens only if the company is operating an ideal level of financial leverage.

On the other hand, however, but excessive debt can increase the risk of default and can lead to low returns or even bankruptcy.

Cheers!

5 0
3 years ago
At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re
ehidna [41]

Answer:

Total Asset Turnover: 2.2857

Explanation:

                           <u>Total Assets</u>    

       

Begininng Balance           2,450,000        

       

Ending Balance              2,800,000          

       

Period activity                      350,000    

       

<u>Sales:</u> 6,000,000      

       

<em><u>Total Asset Turnover</u></em>:          <u>         </u><em><u> Sales   </u></em>

<em>                                               Average Total Assets</em>

<u>                  6,000,000               </u>

( 2,450,000 + 2,800,000 )  / 2

=

<u>6,000,000</u>

2,625,000

=

<u>2.2857</u>

4 0
3 years ago
The one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. Is
mihalych1998 [28]

Answer:

discount; 1.8%

Explanation:

Calculation for the forward rate using this formula

forward rate=(F/S) - 1

Let plug in the formula

forward rate= ($1.60/$1.63) - 1

forward rate= -1.8 percent.

Therefore The forward DISCOUNT is 1.8 percent.

7 0
3 years ago
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kap26 [50]

Answer:

Explanation:

The expenses that Ryan can deduct for the business trips he had is calculated by summing up the expenses he had with regards to gasoline and the depreciation.

Cost of gasoline = (3,760 miles)($1,590/18,800 miles) = $318

Cost of depreciation = $4,800

Adding the costs will give us an answer of $5118.

Answer: $5,118

3 0
3 years ago
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