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3 years ago

How does the service enterprise contribute to the economic growth of the country?

Business

1 answer:

Juli2301 [7.4K]3 years ago

8 0

Answer:

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

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Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.10 dividend every year, in perpetuity. If thi

Contact [7]

Answer:

7.56%

Explanation:

Calculation for the required return for Smiling Elephant

Using this formula

Required return =D/P0

Where,

D=$6.10

P0=$80.65

Let plug in the formula

Required return =$6.10/$80.65

Required return =0.0756×100

Required return =7.56%

Therefore the Required return for Smiling Elephant Inc will be 7.56%

5 0

3 years ago

Cash receipts should be deposited on the day of receipt or the following business day. What is the most appropriate audit proced

BartSMP [9]

Answer:

The correct answer to the following question is option C) compare the daily cash receipts totals with the bank deposits.

Explanation:

When cash receipts are received by a company, it is often deposited in bank on the bank the same day they are received or they should be deposited the following business day. If a auditor or a manger or owner wants to make sure that the cash is promptly deposited everyday, then one way in which he or she can make sure that this is happening promptly is by comparing the daily cash deposits with the bank deposits or bank statements, through this procedures a person comparing them would come to know of any discrepancy in cash deposit, if it exist.

4 0

3 years ago

Refer to the information in Homework 2 Question 2: Ross derives utility from only two goods, chocolates (x) and donuts (y). His

Margaret [11]

Answer:

The total effect is 35 out of which income effect is 15 and substitution effect is 20.

Explanation:

Ross has an income of $1440.

The price of chocolates (Px) is $10 and donuts (Py) is $9.

The utility function is given as

U = 0.5xy

Before price rise, Budget line:

1440 = 10x + 9y,

Consumption is optimal when

$\frac{MUx }{ MUy} = \frac{Px}{Py} = \frac{10}{9} = 1.11$

0.5y / 0.5x= 1.11

y = 1.11x

Substituting in budget line,

1440 = 10x + 9y = 10x + 9(1.11x)

1440 = 10x + 9.99x

19.99x = 1440

x = 72

y = 1.11x = 79.92 = 80

After price rise,

Py = 16.

New budget line:

1440 = 10x + 16y,

Price ratio

$\frac{Px}{Py } = /$

= $\frac{10}{16}$

= 0.625

And,

$\frac{MUx}{Muy} = \frac{0.5y}{0.5x} = 0.625$

$\frac{y}{x} = 0.625$

y = 0.625x

Substituting in new budget line: 1440 = 10x + 16y

1440 = 10x + 16(0.625)x

1440 = 20x

X = 72

Y = 0.625x = 45

So, total effect (TE)

= Decrease in consumption of y

= 80 - 45

= 35

With previous (x, y) bundle,

U = 0.5xy

U = 0.5 x 72 x 80

U = 2880

Keeping utility level the same & substituting,

y = 0.625x in utility function:

28800 = 0.5xy

$2880 = 0.5\ \times\ 0.625x$

$2880 = 0.3125x^{2}$

$x^{2} = \frac{2880}{0.3125}$

$x^{2} = 9216$

$x = \sqrt{9216}$

x = 96

Now, putting the value of x,

y = $0.625\ \times\ x$

y = $0.625\ \times\ 96$

y = 60

Substitution effect (SE)

= 80 - 60

= 20

Income effect

= TE - SE

= 35 - 20

= 15

8 0

3 years ago

When Judy's income increased from $200 to $240 a week, she increased her demand for concert tickets by 20 percent and decrea

aleksley [76]

Answer:

The answer is YED for concert tickets = 20%/ 20% = 1

YED for bus rides = -20% / 20% = -1

Explanation:

income elasticity of demand (YED) = % change in Quantity demanded / % change in income

% change in income= (240-200) / 200 * 100= 20%

YED for concert tickets = 20%/ 20% = 1

YED for bus rides = -20% / 20% = -1

The income elasticity of demand for concert tickets and bus rides is unitary which means the rise in income is proportionate to the increase in the quantity demanded.

4 0

3 years ago

To help cosmetic company RedRain Inc. launch a new line of lipstick, tickets that can be redeemed for prizes are enclosed in som

Mrac [35]

Answer:

Sales Promotions

Explanation:

The reason is that the company is trying to attract its customers by providing tickets that has ability to win prices and these prices are the motivating factors for the consumer to buy these products. Other tactics also include seasanol sales discounts to sell the remainder of the stock and "Buy One and Get one Free".

6 0

4 years ago