Answer:
PED = -0.4 or |0.4| in absolute terms
Explanation:
price elasticity of demand (PED) = % change in quantity demanded / % change in price
- % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
- % change in price = [($24 - $12) / $12] x 100 = 100%
PED = -40% / 100% = -0.4 or |0.4| in absolute terms
the demand is price inelastic since |0.4| < 1
this means that the change in quantity demanded is proportionally less than the change in price.
Answer:
$2,000
Explanation:
Use the format
Jansen Company’s
Bank reconciliation as of May 31, 2013.
Balance as per Bank Statement
Add Outstanding Checks
Less Unpresented Checks
Balance as per Cash Book
Answer:
The importance maxim just serves to make the business look good
.
Explanation:
- Throughout recent years, the once common image of ethics as individualistic, unchangeable and impervious to corporate pressures did not stand up to inspection.
- The stories of many Companies demonstrate the position that companies play in influencing the actions of people and that even sound moral fiber will crumble when too lean.
- Once presenting an enforcement program, administrators will speak of mutual trust, but staff often see a message from on high.
The government wants to impose the smallest excess burden possible. My recommendation would be to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from federal income tax inability, thus reducing the amount they must pay in federal taxes.
Explanation:
- To increase tax revenue it can either increase the property tax on residential property or increase the property tax on all property. The government wants to impose the smallest excess burden possible.
- to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from federal income tax inability, thus reducing the amount they must pay in federal taxes.
- The examples of federal taxes are,
- The Income taxes. Income taxes can be charged at the federal, state and local levels.
- The Sales taxes. Sales taxes are taxes on goods and services purchased.
- Payroll taxes.
- Property taxes.
- Estate taxes,etc
Stock R
AS per CAPM
expected return = risk free
Rate+ beta *(expected return on market - risk free rate )
expected return % =6+1.3*
(13-6)
Expected return % =15.1
Stock S
expected return = risk free
Rate+ beta *(expected return on market - risk free rate )
expected return % = 6+0.65*
(13-6)
expected return %=10.55
Difference =15.1-10.55
Difference =4.55%
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