Suppose there is a market with two competing firms,to inverse market demand is p(y)=160-2y

When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook

Serga [27]

Answer: Total Revenue is $100 and the price elasticity is 0.4

Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

Old price $1

New price $0.5

Old quantity 75

New quantity 200

Formula- % change in quantity demanded / % change in pride

NB change is (old-new)

Change in Qd= (75-200) / 75 =-1.67

Change in price=(1-0.5)/1=0.5

-1.67/0.5= -3.34

The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic

4 0

2 years ago

A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's p

Levart [38]

Answer:

B.Her actions are inconsistent with the advice being given to her clients and this must be disclosed

Explanation:

A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE

A real estate limited partnership (RELP) is a group of investors who pool their financial resources to invest in property purchasing, development, or leasing. Under its limited partnership status, This form of partnership has a general partner who bears full liability and limited partners who are predispose only up to the amount they contribute

The registered investment adviser does not practice what she teaches. She might just be in the profession for the money. She might also understand the risk associated with the real estate limited partnership investments and hence would want to be risk averse herself. she should let her clients know the nitty gritty of the partnership and put a disclaimer across to them

4 0

3 years ago

During which phase must project teams address important considerations for managing information (and often end up updating busin

beks73 [17]

Answer:

execution

Explanation:

The phase in which project teams address important considerations for managing information (and often end up updating business processes through improved communications) is execution phase.

Execution phase has a very long process in project management, in this phase information has to be managed,it is in this phase of management that the product and services that the organization render is been delivered to the customers. And most importantly, communication has to been improved between the company and their clients.

6 0

3 years ago

If mega corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approxim

kap26 [50]

In simple interest, the interest rate is
i=(10500-9000)/9000=16.67%

In compound interest, compounded monthly,
10500=9000(1+i/12)^12
=>
APR=12(10500/9000)^(1/12)-1
=11.155%
(effective interest is still 16.67%)

5 0

2 years ago

Earth's Treasures Mining Co. acquired mineral rights for $93,000,000. The mineral deposit is estimated at 60,000,000 tons. Durin

Shkiper50 [21]

Answer and Explanation:

a. The computation of the depletion rate is shown below:

= Acquired mineral rights ÷ estimated mineral deposit

= $93,000,000 ÷ 60,000,000 tons

= $1.55 per ton

b. The amount of depletion expense for the current year is

= Depletion rate × current year mined tons

= $1.55 per ton × 16,800,000 tons

= $26,040,000

c. And, the journal entry is

Depletion expense $26,040,000

To Accumulated depletion $26,040,000

(Being depletion expense is recorded)

For recording this entry we debited the depletion expense as it increased the expenses and at the same time it decreased the value of the asset so the accumulated depletion is credited

4 0

3 years ago