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Valentin [98]
3 years ago
5

How to calculate percent from percentage points?

Business
1 answer:
juin [17]3 years ago
6 0

Percentage points refer to an increase or decrease of a percentage rather than an increase or decrease of a raw number. For example, an increase from 10 to 11 would be an increase of 10 percent. However, an increase from 10 percent to 11 percent is an increase of just 1 percentage point. Each percentage point can be subdivided into 100 basis points, For example, an increase of 0.5 percentage points would also equal and increase of 50 basis points.

Enter the final percentage amount in the calculator. For example, if interest rates rose from 4.7 percent to 5.3 percent, enter the final amount of "5.3" into the calculator.

Push the subtraction sign on the calculator.

Enter the original percentage. In this example, enter "4.7."

Push the equals sign to find the difference as measured in percentage points. Completing this example, when you push equals sign, your calculator will display "0.6," meaning the amount increased by 0.6 percentage points.

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In its cash flow statement for the current year, Fox Co. reported cash paid for interest of $70,000. Fox did not capitalize any
Nina [5.8K]

Answer:

$76,000

Explanation:

The calculation of the interest expense is shown below:

= Reported amount of cash paid for interest + Decrease in prepaid interest - decrease in accrued interest payable

= $70,000 + $23,000 - $17,000

= $76,000

The decrease in prepaid interest is classified as a current asset and the  accrued interest payable is current liabilities and we know that the rise in current assets and a decline in current liabilities are excluded, while the decline in current assets and an increase in current liabilities are included.

6 0
3 years ago
The movie Moneyball (based on the book by Michael Lewis) tells the story of Billy Beane, the general manager of the Oakland A's
zavuch27 [327]

Answer: B. Hold

Explanation: the Oakland A's baseball team has a very low payroll budget which means the team received low income as pay. So Beane the general manager created a successful "hold strategy" to retain talents created in the team. It is a good business management strategy to keep your best guys, but with low pay you can not keep them for long.

8 0
3 years ago
North Dakota Corporation began operations in January 2017 and purchased a machine for $15,000. North Dakota uses straight-line d
taurus [48]

...

Answer: Income tax 2017

$

Account income $145,000

Add depreciation 3750

Less capital allowance 7500

Balance. $141250

Tax. 42,375

North Dakota journal $

Dec 2017

Profit after tax Dr 42375

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5 0
3 years ago
If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 unit
Ksenya-84 [330]

Answer:

-0.33

Explanation:

The calculation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity demanded is

= Q2 - Q1

= 80 units - 100 units

= -20 units

And, the average of quantity demanded would be

= (80 units + 100 units) ÷ 2

= 90 units

Change in price is

= P2 - P1

= $2 - $1

= 1

And, the average of the price is

= ($2 + $1) ÷ 2

= 1.5

So, after solving this, the price elasticity of demand is -0.33

7 0
4 years ago
What American business had a monopoly on the fur trade in the Far West?
navik [9.2K]
C. John Jacob Astor.

The American business that had a monopoly on the fur trade in the far west was founded by John Jacob Astor.

The business was called American Fur Company. Since it was founded, the company grew to monopolize the fur trade in the United States by 1830. It became one of the largest and wealthiest businesses in the United States.
7 0
4 years ago
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