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3 years ago

joye owns a shoe store in a neighborhood with other shoe stores. Demand for the products he sells is probably

Business

1 answer:

Serjik [45]3 years ago

6 0

Answer:

Demand for products sold at a store in a neighborhood with other stores is probably elastic

Explanation:

A demand is considered as 'Elastic' if a change in price of the product would strongly affect the quantity of the demand.

Competitors who offer similar products than your organization tend to reduce the amount of demand that come to your store. Existence of competitors give the consumers the options to choose and move around in order to seek the best offers that they can.

As a result, the shoe stores in Joey's neighborhood will have to constantly adjust their price in order to make their products seems appealing compared to the rest of the competitors. This make the demand in Joye's store keep fluctuating depending on the performance of other competitors.

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Leah, Inc., is proposing a rights offering. Presently there are 400,000 shares outstanding at $54 each. There will be 25,000 new

MatroZZZ [7]

Answer: a. $22,725,000

b. 16.00 rights per new share

c. $53.47 per share

d. $0.53 per share

Explanation:

(a)-New Market Value

New Market Value = [Number of shares outstanding x Price per share] + [New shares issued x Price per share]

= [400,000 shares x $54 per share] + [25,000 shares x $45 per share]

= $21,600,000 + $1,125,000

= $22,725,000

(b)-Number of rights needed

Number of rights needed = Current number of shares outstanding / New shares issued

= 400,000 shares / 25,000 shares

= 16.00 rights per new share

(c)-Ex-rights price

Ex-rights price = New Market Value / Total number of shares outstanding

= $22,725,000 / [400,000 shares + 25,000 shares]

= $22,725,000 / 425,000 shares

= $53.47 per share

(d)-Value of a right

Value of a right = Current market price per share - Ex-rights price

= $54.00 per share - $53.47 per share

= $0.53 per share

7 0

3 years ago

Pfizer Inc., a pharmaceutical company, reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of

Kisachek [45]

Answer:

$71,774 million

Explanation:

Given that,

Beginning retained earnings = $71,993 million

Net income = $7,215 million

Dividends = $7,448 million

Other transactions = $14 million

Balance of retained earnings at the end of the year:

= Beginning retained earnings + Net income - Dividends + Other transactions

= $71,993 million + $7,215 million - $7,448 million + $14 million

= $71,774 million

Therefore, the balance of retained earnings at the end of the year is $71,774 million.

7 0

4 years ago

Which characterizes the free-market system as consumers influence producers and producers influence consumers? A. a built-in pro

DochEvi [55]

Answer:

C. a circular flow of influences

Explanation:

The free market system is an economic system in which the prices for products and services is decided by supply and demand without the intervention of the government. As this system is based in the supply and demand, this forces infuence each other which generates a circular flow of influence. According to this, the answer is that the free market is characterized by a circular flow of influences.

5 0

3 years ago

The last stage in sales is Conviction Action Desire Interest

Ksivusya [100]

Answer will be ‘Desire’ according to me.

5 0

4 years ago

Read 2 more answers

Ralph’s Hardware updated its accounting system and agreed to purchase a computer system from a manufacturer, Bits and Bytes (BB)

Andrej [43]

Given:
Fact 1: During contract negotiations, BB’s sales representative promised that the system was “A-1” and “perfect.”
Fact 2: The written contract, which the parties later signed, disclaimed all warranties, express and implied.
Fact 3: After installation the computer produced only random numbers and letters, rather than the desired accounting information

The express warranty is given in Fact 1 where the Sales Rep promised that the system was "A-1" and "perfect". There is a breach in express warranty here IF the written contract also expresses the same promises.

However, the written contract disclaimed all warranties, express and implied. AND BOTH PARTIES SIGNED THIS CONTRACT. It implies that the buyer has read through the contract and has agreed with what is written in the contract. Thus, they can't file a suit against BB for breaching an express warranty since the written and signed contract has already disclaimed all warranties.

4 0

4 years ago

joye owns a shoe store in a neighborhood with other shoe stores. Demand for the products he sells is probably ​

joye owns a shoe store in a neighborhood with other shoe stores. Demand for the products he sells is probably