Answer:
0.31
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
Percentage change in income = 
= 2.3
when income was $300, ramen was demanded twice, that is 2/7 times a week. converting to fraction gives 0.29
Percentage change in quantity = 
= 0.72
0.72/2.3 = 0.31
A process Of maximizing benefits Or minimizing costs.
Answer:
2.6%
Explanation:
Jensen Measure is calculated using the below formula
Jensen Alpha = Rp - (Rf + beta*(Rm - Rf))
Where Rp = Return on portfolio = 20%, Rf = risk free rate = 3%, Beta = Beta of portfolio = 1.8 and Rm = Market return = 11%
Jensen Alpha = 20 - (3 + 1.8*(11-3))
Jensen Alpha = 20 - (3 + 1.8*8)
Jensen Alpha = 20 - (3 + 14.4)
Jensen Alpha = 20 - 17.4
Jensen Alpha = 2.6%
Answer:
more frequently.
Explanation:
Both accounting and finance are extremely important for managers to make the best possible business decisions. The difference between accounting and finance is that accounting relies on past events, while finance has to anticipate to future events. One without the other is useless, since only knowing what happened before and not getting anything new out of that information doesn't help, and finance uses the accounting statements as their basic information.
In order for a manager to have the most reliable and current information, the financial statements must be done fairly frequently, every month or every two months at most. Legally the IRS only requires one set of financial statements per year, but that doesn't mean they can't be done more frequently. Before making a decision, you must know where your company is standing and the only way to know that is through financial statements.
Answer:
The correct answer is:
$73,009 (a.)
Explanation:
Future value is the accumulated compounded interest on a certain amount (present value) invested over a specified period of time.
To calculate the future value or present value, the nominal annual interest, the duration of investment and the present value or future value respectively must be known. The relationship is shown mathematically as:
or 
where FV = Future value
PV = present value
i = nominal interest rate in percentage
n = number of compounding period
note: nominal interest rate is interest rate before inflation adjustments or interest rate before the effect of compounding
In this question, we are to determine the present value (PV), because the future value after 25 years is set as $500,000.
∴
= $73,009 (to the nearest dollars)
