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3 years ago

8

How does the price range affect the elasticity of demand for a product?

1 answer:

Keith_Richards [23]3 years ago

7 0

Answer:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Explanation:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

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Delilah purchased a wheelchair with an installment loan that has an APR of 18 percent. The wheelchair sells for $2,007. The stor

alukav5142 [94]

Answer:

$748.48

Explanation:

Cost of wheelchair = $2,007

Down payment = Cost of wheelchair*20% = $2,007*20% = $401.40

Amount of finance = Cost of wheelchair - Down payment = $2,007 - $401.40 = $1,605.60

Interest rate = 18% * 1/12 = 1.5%per month

Term = 54 month

Monthly payment = Amount of finance*I/[1-(1+I)^-n]

Monthly payment = $1,605.60*1.5%/[1-(1+1.5%)^-54]

Monthly payment = $1,605.60*1.5%/[1 - 0.447541]

Monthly payment = $1,605.60*0.015/0.55246

Monthly payment = $43.59411

Total amount paying for loan over a period = Monthly payment * Term = $43.59411 * 54 = $2354.08

Amount of finance charge = Total amount paying for loan - Amount of loan

Amount of finance charge = $2354.08 - $1,605.60

Amount of finance charge = $748.48

5 0

3 years ago

Wacc. here is some information about stokenchurch inc.: beta of common stock = 1.2 treasury bill rate = 4% market risk premium =

Gelneren [198K]

Answer:

8.45%

Explanation:

The formula used to calculate WACC is:

WACC = {[total equity/(total debt + equity)] x cost of equity} + {[total debt/(total debt + equity)] x cost of debt x (1 - tax rate)}

first we have to calculate the cost of equity:

cost of equity = risk free rate + (beta x market risk premium) = 4% + (1.2 x 7.5%) = 4% + 9% = 13%

now, WACC:

WACC = {[880/(880+880)] x 13%} + {[880/(880+880)] x 6% x (1 - 35%)} = (0.5 x 13%) + (0.5 x 6% x 0.65) = 6.5% + 1.95% = 8.45%

WACC = weighted average cost of capital is the rate at which the company effectively finances its assets

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3 years ago

When Karin’s supervisor asks about her work load she says it is fine. In actuality, she spends much of her time on personal call

fredd [130]

Answer:

The correct answer is b. general distortion.

Explanation:

This type of distortion arises from inappropriate behavior that causes a wrong situation to which the supervisor does not have access, since he bases his opinion according to what Karin mentioned. Possibly her closest colleagues show what is the main cause of the loss of time and comments are generated that can cause her to leave or create a bad work environment, since her actions can affect the fulfillment of all her colleagues.

4 0

3 years ago

Read 2 more answers

Prepare journal entries for each of the following transactions. a. On October 28 of the current year, an account receivable for

Fiesta28 [93]

Answer:

Explanation:

a.

Debit:

Allowance for doubtful accounts- 2800

Credit:

Accounts Receivable- 2800

b.

Debit:

Bad Debt Expense- 23,800

Credit:

Allowance for Doubtful Accounts- 23,800

The creation of journal does not is not difficult, as it direct and easy to do without much explanation. I hope this information is helpful

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3 years ago

Which of the following statements is false?

GenaCL600 [577]

Answer: Actual overhead costs always enter the Work-in-Process account.

Explanation:

The work-in-process account is an account where the value of goods yet to be completely produced are recorded while the overhead cost is simply a business running cost, that is cost on expenses the business makes to keep functioning.

Overhead cost is not recorded in work-in-process account, rather it is recorded as business expenses.

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3 years ago