Answer:
D. Equivalent units of production
Explanation:
The term equivalent units of production refer to all the production at the end of an accounting period. In this period, some units were completed and some are unfinished, with a certain quantity of work made. These units represent a lower number of finished goods and in order to expose the whole production as finished units, only the percentage of work made is considered.
Answer: Mutual agreement to terminate the listing
Explanation: Analysing both conditions, The fact that Market is slow coupled with the defective condition of Mary's property may both culminate in Jennings finding a suitable buyer for the property. To fix this, Jennings proposed that Marcy being the owner should fix the property so as to increase sales probability, which Marcy declined as she was sure the location of the property was good enough to attract buyers. Here, both have different notions and cannot seem to Rea hba compromise in other to aid the sale of the property, the best option is for both Marcy and Jennings Homes to reach a mutual consent and terminate the listing contract.
Answer:
7.78%
Explanation:
Calculation for the expected return on a portfolio
First step is to calculate the portfolio beta
Portfolio beta=30%*1.1+30%*0.7=1.15
Portfolio beta=0.33+0.21
Portfolio beta=0.54
Now let calculate the expected return using this formula
Expected return=rf+(Portfolio beta*mrp)
Let plug in the formula
Expected return=4%+(0.54*7%)
Expected return=7.78%
Therefore the expected return on a portfolio is 7.78%
Answer:
2.2
Explanation:
The formula for calculating price elasticity using the midpoint method is:
midpoint method = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}
midpoint method = {(150 - 100) / [(150 + 100) / 2]} / {(1.20 - 1) / [(1.20 + 1) / 2]}
midpoint method = [50 / (250 / 2)] / [0.20 / (2.20 / 2)] = (50 / 125) / (0.20 / 1.1)
midpoint method = 0.4 / 0.19 = 2.2
The advantage of using the midpoint method to calculate price elasticity is that we can calculate the price elasticity between two points, and it doesn't matter if the price increases or decreases.
If we calculate price elasticity using the single point formula:
price elasticity = % change in quantity supplied / % change in price = 50% / 20% = 2.5
