Answer:
85.3%
Explanation:
since profits = 20% of total revenue, so total revenue = $15,000 / 20% = $75,000
That means that total revenue must grow from $1,000 to $75,000 in just 7 years. We can use the future value formula to determine the growth rate:
future value = present value x (1 + r)ⁿ
$75,000 = $1,000 x (1 + r)⁷
(1 + r)⁷ = $75,000 / $1,000 = 75
⁷√(1 + r)⁷ = ⁷√75
1 + r = 1.853
r = 1.853 - 1 = 0.853 = 85.3%
Answer:
B. $3,251
Explanation:
Stock shares × Allocated price = Shares closing price
A 700 ×$ 29.15 =$20,405
B 430 ×33.86=$14,560
C 340× 36.43 =$12,386
Total $47,351
Stock shares × IPO price= Shares IPO price
A 700 ×$30=$21,000
B 430×$30= $12,900
C 340×$30=$10,200
Total $44,100
Total Profits $47,351-$44,100
=$3,251
Therefore Kim's total profit on these three stocks at the end of the first day of trading will be $3,251
Answer:
Decrease
Explanation:
Given that
Change in quantity demanded = 6%
change in price = 14%
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)
= 6% ÷ 14%
= 0.42
Price elasticity of demand is greater than 1 that which means demand is elastic. Therefore the increase in price, the revenue will decrease because demand is elastic.
Answer:
<em>Cash markets are also known as</em><em> </em><em><u>spot</u></em><em><u> </u></em><em><u>markets</u></em>
________________________________
<em>Spot </em><em>markets</em><em> </em><em>are</em><em>:</em><em> </em><em>markets </em><em>designed </em><em>to</em><em> </em><em>attract</em><em> </em><em>speculator.</em>
Answer:
$35,000
Explanation:
Data provided in the question:
Accounts Receivable at the start of the year = $6,000
Accounts Receivable at the end of the year = $9,000
Revenues for the period = $38,000
Now,
cash collected from the customers
= Beginning balance + Revenue for the year - Ending balance of account receivable
= $6,000 + $38,000 - $9,000
= $35,000
