Answer:
1.2
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good D to changes in price of good C.
Cross price elasticity = percentage change in quantity demanded of good D / percentage change in price of good C = 60% / 50% = 1.2
I hope my answer helps you
Answer:
The direct materials flexible budget variance for ammonia is $7,000 Unfavorable
Explanation:
In order to calculate the direct materials flexible budget variance for ammonia first we need to Calculate Direct Material Price Variance as follos:
Direct Material Price Variance = Actual Material Purchased(Actual Rate - Standard Rate)
Direct Material Price Variance = 1,400 * ($1.50 - $1.00)
= $700 (Unfavorable)
Therefore, in order to calculate the Direct Material Flexible Budget Variance we would have to use the folloiwng formula:
Direct Material Flexible Budget Variance = Direct Material Price Variance + Direct Material Quantity Variance
Flexible Budget Variance for Ammonia = $700 (U) + $6,300 (U)
= $7,000 (Unfavorable)
The direct materials flexible budget variance for ammonia is $7,000 Unfavorable
This question is a little but more difficult to solve, as it depends on the situation. For certain banks it is not worth it due to rates that must be payed, but in your case here I believe that it would be TRUE.
Answer:
Portfolio return = 0.156 or 15.6%
Explanation:
The expected return of a portfolio is the weighted average of the individual stocks returns' that form up the portfolio. For a two stock portfolio, the expected return is calculated as follows,
Portfolio return = wA * rA + wB * rB
Where,
- w is the weight of each stock
- r is the expected return of each stock
Portfolio return = 0.4 * 0.12 + 0.6 * 0.18
Portfolio return = 0.156 or 15.6%
The answer is false.
A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.
