Answer:
(i) Q=300
(ii) Elasticity of Demand=-3.33 (elastic)
(iii) Income Elasticity= 2.5 (normal good)
(iv) Advertising Elasticity: 1.5
Explanation:
The Demand function is given by
(1) To solve (i) we need to replace P = 200, I = 150, and A = 30 in the demand equation:
(2) To find the price elasticity (how much quantity demanded changes with price) we use the point price elasticity formula
From the above equation we get: 
Replacing in the elasticity formula
in absolute terms the elasticity is bigger than one so it is an elastic demand.
(3) For income elasticity (how much quantity demanded changes with income), we proceed similarly as above. But the derivative is respect to income
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Which is bigger than one, denoting this is a normal good because it's bigger than one.
(4) Advertising elasticity (how much quantity demanded changes with expenditures in advertising), we proceed as before
Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
Net working capital is the difference between the Total Current Assets and Total Current Liabilities.
The December 31, 2015, balance sheet of Maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $935.
Hence, Net working capital as on December 31, 2015 shall be (1145-935) = $210
The December 31, 2016, balance sheet showed current assets of $1,360 and current liabilities of $1,035.
Hence, Net working capital as on December 31, 2016 shall be (1360-1035) = $325
So the change in the net working capital in the year 2016 shall be (325-210)= <u>$115</u>
Either A or C would be right, because it couldn't be a decrease of the equity.
Answer:
Risk management planning
Explanation:
Business organizations sometimes find themselves in trouble inspite of a carefully planned project.this is due to unexpected turn of events in and around the business.business organisarions ,therefore employ and execute project risk management to counter attack potential risk.the important aspect of risk management is risk maangemnt planning.risk maangemnt planning not only identify potential problems but also analyse their behavior.they help to take remedial actions to prevent risks and minimize unexpected avoidable risks.
