What are some ways to use a range name in a formula? Check all that apply.

When a change in the supply and demand occur within a market, the effect on the new equilibrium market price or quantity can be

ZanzabumX [31]

Answer:

consumer income rises; pizza dough decreases in price

⇒ output increases; price uncertain

higher consumer income results in higher prices
but decrease in the price of inputs results in lower prices
both result in higher output

consumer income falls; pizza dough decreases in price

⇒ price decreases; output uncertain

both result in lower prices
falling consumer income result in lower output
decrease in the price of inputs results in higher output

consumer income falls; cheese increases in price

⇒ output decreases; price uncertain

both lower output
falling consumer income decreases price
increase in price of inputs increases price

consumer income rises; cheese increases in price

⇒ price increases; output uncertain

both increase price
rising consumer income increase output
increase in price of inputs decreases output

5 0

3 years ago

Friendly's quick loans, inc., offers you "ten for twelve or i knock on your door." this means you get $10.00 today and repay $12

valkas [14]

Answer:

Friendly's would say you were paying <u>1042.86% APR</u>.

Explanation:

Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.

Annual Percentage Rate (APR) can be determined using the following formula:

APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)

Where;

APR = ?

Fees = 0

Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00

Principal = Amount to borrow = $10.00

n = Number of days in the loan term = One week = 7 days

Substituting the values into equation (1), we have:

APR = {[(0 + 2) / 10 / 7] * 365} * 100

APR = 1042.86%

Therefore, friendly's would say you were paying <u>1042.86% APR</u>.

5 0

3 years ago

Jacob lost his wallet but did not report his credit card lost until 3 days later. When he checked his balance, he saw 5 unauthor

Leviafan [203]

50$ for fees and expenses

4 0

4 years ago

Read 2 more answers

In analyzing the financial statements of a company, a single item on the financial statementsa. should be reported in bold-face

Vikki [24]

Answer:

b. is more meaningful if compared to other financial information

Explanation:

The financial statements includes the income statement, balance sheet, cash flow statement, etc

The analyzing of the financial statements of a company determines the current position of the company with respect to the profitability, performance, liquidity, etc

So, the single item of the financial statement should be more important as compared to the other financial information

5 0

4 years ago

Read 2 more answers

A firm is considering the purchase of a $500,000 machine for its business. The machine is expected to increase sales by $237,000

AleksandrR [38]

Answer:

The firm should: ___________

c. Reject the project because the NPV is negative $120,921

Explanation:

a) Data and Calculations:

Pro Forma Income Statement:

Sales $237,000

Total Cost 137,000

Depreciation 100,000

EBIT $0

Taxes 0

Net income $0

Cost of machine = $500,000

Required rate of return = 10%

Annual revenue from new machine = $237,000

Annual operational costs = $137,000

Annual net cash flow = $100,000

Depreciation expense = $100,000

Annuity factor at 10% for 5 years = 3.791

PV Annuity of $100,000 = $100,000 * 3.791 = $379,100

NPV = $379,100 - $500,000 = $120,900

b) The Net present value of the project is $120,900 (the difference between the total present value of cash inflow of $379,100 and the initial cash outflow of $500,000).

8 0

3 years ago