Answer:
B
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
Price elasticity = 30% / 20% = 1.5
Demand is elastic. If price is reduced, the quantity demanded would increase and total revenue would increase
As a result of the quantity demanded increasing at a higher rate than the fall in price, the result would be B. total revenue will increase.
When a price decrease is such that the percentage it decreased by is less than the percentage the quantity demanded increased by, the total revenue will increase.
For instance:
Assume a company is selling 10 units of a product for $1. Total revenue:
= 10 x 1
= $10
If price decreases by 20% and quantity demanded increases by 30%, the company would be selling 13 units at $0.80:
= 13 x 0.80
= $10.40
Total revenue has increased.
In conclusion, this scenario would lead to an increase in total revenue.
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A real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers. The developer is considering lowering the price to $300,000, since at that price there would be an additional 3 customers willing to purchase houses. What would be the developer’s change in revenue from lowering the price in this way?
Answer: $100,000 less
Explanation:
Since we are informed from the question that the real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers, this means that current revenue will be:
= $350,000 × 20
= $7,000,000
By lowering the price, the revenue made will be:
= $300,000 × 23
= $6,900,000
The difference is
$7,000,000 - $6,900,000
= $100,000 less.
What are some risks of international business that may not exist for local business?a. government takeover and changing tax laws.b. currency restrictionsc. high probability of war, and declining economic conditions.
Answer:
Currency Restriction
Explanation:
The local businesses will face government takeovers because every country has a government and where there is government there is always chances of changing tax law due to reforms. The country in which the local business is operating may be subjected to war and declining economic conditions which is specific to a country. So these all risks are faced by international and local businesses as well but the currency restriction which is imposed by the government on the sale and purchase of a currency which means the international company can have foreign currency quota which means they can pay international expenses when it is within the restriction limit.
Using a cash flow statement, explain why ultra Cable Corporation's cash balance has declined so precipitously this past year.
Answer:
I looked for Cable Corporation's income statement and balance sheet:
Cable Corporation
Statement of cash flows
For the year ended December 31, 202x
Cash flows from operating activities:
Net income $357,750
Adjustments to net income:
Depreciation expense $197,500Increase in accounts payable $225,000Increase in notes payable $1,125,000Increase in accounts receivable ($850,000)Increase in inventories ($1,626,125) ($928,625)Net cash provided by operating activities ($570,875)
Cash flows from investing activities:
Purchase of fixed assets ($1,975,000)
Net cash provided by investing activities ($1,975,000)
Cash flows from financing activities:
Issuance of long term debt $2,565,700
Dividends paid ($107,325)
Net cash provided by financing activities $2,458,375
Net decrease in cash ($87,500)
Cash balance at beginning of the year $100,000
Cash balance at the end of the year $12,500
Southern Amusements Corporation had the following stockholders' equity on November 30: BEE lick the icon to view the stockholders' equity.) On December 30, Southern purchased 125 shares of treasury stock at $13 per share.
Requirements
1. Journalize the purchase of the treasury stock.
2. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Assume the balance in retained earnings is unchanged from November 30
3. How many shares of common stock are outstanding after the purchase of treasury stock?
Answer:
the first part is missing, so I looked it up:
1) December 30, 202x, treasury stocks are purchased
Dr Treasury stocks 1,625
Cr Cash 1,625
2) Stockholders' Equity
Paid-in capital:
Common stocks, 1,300 shares $1,550authorized, 310 shares issuedPaid-in capital in excess of par value $4,650Total paid-in capital: $6,200Retained earnings $53,000
Treasury stocks (125 stocks at cost) ($1,625)
Total Stockholders' Equity $51,375
3) outstanding shares = 310 - 125 = 185 outstanding stocks
Incomes rise for low-income and high-income workers, but rise more for the high-income earners. How will this change affect income inequality
Answer:
It will increase the income inequality between the low income earners and the high income earners.
Explanation: Income inequality is a term used to describe the Difference or gap between income earners within a given economy. If the rate of increase of income is higher for the low income earners than for the high income earners it will help to reduce the inequality gaps between both classes. But when the rise is more for high income earners than for low income earners it will increase the inequality gaps between both classes.
Which of the following statements summarizes why the window of vulnerability is shrinking? People are getting better at enduring and recovering from exploits. There are also fewer people with the skills needed to create vulnerabilities. More people are interested in information security, and have developed the skills to find new vulnerabilities. People are not inclined to attack vulnerability for financial gain.
Answer:
More people are interested in information security, and have developed the skills to find new vulnerabilities.
Explanation:
In the past, few people are interested in information security due to the fact that, it was a new field that was not exploited then. This create an ample opportunity for the windows vulnerability for hackers. Currently, due to increasing interest in information technology, the vulnerability of windows are shrinking.
You just paid $1,020 for a security that claims it will pay you $2,000 in 8 years. What is your annual rate of return?
Answer:
The annual interest rate is 8.78 per cent.
Explanation:
The amount paid for security (PV) = $1020
The amount paid in 8 years (FV) = $2000
We have to find the rate of return.
Now, assume i% is the annual interest rate.
Present Value (PV) * (1+i)^n = Future Value (FV)
Future Value (FV) = $ 2,000
Present Value (PV) = $ 1,020
N= 8 years
1,020*(1+i)^8 = 2,000
i = (2,000/1,020)^(1/8) – 1
i = 0.0878 or 8.78%
What is the key to personal fulfillment in your job? A. sacrificing your beliefs for greater benefits B. pursuing new job opportunities at all times C. finding a balance between lifestyle and values D. avoiding jobs with low salaries and long hours.
Personal fulfillment in ones work means various important job-related goals which have achieved in the cause of working on a job.
Key to personal fulfillment in one job are:
1. Taking initiative. Been proactive and not sit on the sidelines brings personal fulfilment at one job.
2. Sacrificing ones beliefs for greater benefits help to achieve personal fulfillment at one job because it bring forth more focus and pro activeness.
3. Finding a balance between lifestyle & job values is also a key because they help building more healthy work life.
4. Pursuing new job opportunities and improving ones skills are key to personal fulfilment at work
In conclusion, avoiding jobs with low salaries and long hours is not part of way to achieving personal fulfilment on ones job.
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Answer:
C: finding a balance between lifestyle and values
Explanation:
Expert verified yea right; I swear they are trying to get people to fail. anyways this is the correct answer took the test you don't need to try and comprehend that guy's confusing list with at least 2 options.
HR managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include
Complete Question:
HR managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include:
Group of answer choices
A. Breach of Warranty of Habitability.
B. Free and Appropriate Public Education Act.
C. Americans with Disabilities Act.
Answer:
C. Americans with Disabilities Act.
Explanation:
Human resources (HR) managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include Americans with Disabilities Act.
The Americans with Disabilities Act is an employment and civil rights law passed by the U.S Congress and signed into law by President George H. W. Bush on the 26th of July, 1990.
The main purpose of the Americans with Disabilities Act is to prohibit the discrimination and stigmatization of people having any form of disability in several fields such as employment, public accommodations, communications, transportation and access to all national programs and services across the United States of America.
With respect to employment and human resources (HR) managers, it protects the rights of job seekers and employees working in an organization.
"A market maker that compensates a retail member firm for sending its customer orders to that market maker is:"
Answer: paying for order flow and hence must be allowed to do it so far he or she is subjected to the best execution requirements.
Explanation:
A market maker that compensates a retail member firm for sending its customer orders to that market maker is paying for order flow and hence must be allowed to do it so far he or she is subjected to the best execution requirements.
It should be noted that in this scenario, the retail firm earns the payment for order flow and this is allowed by the Securities exchange commission as long as the best available price is allowed for the trade.
In the 1970’s the Ford Motor Company sold its subcompact Pinto model with known design defects. In particular, the gas tank’s design and location led to rupture, leaks and explosion in low-speed, rear-impact collisions. Fifty-nine people burned to death in Pinto accidents. Ford had conducted a cost-benefit analysis weighing the cost of fixing the defects ($11 per vehicle) versus their potential liability for law- suits on behalf of accident victims, where Ford placed the value of a human life at $200,000. Ford eventually recalled 1.4 million Pintos to fix the gas tank problem at a total cost of $30 to $40 million. In addition the company ultimately paid out millions more in liability settlements and incurred substantial damage to its reputation.
A) Critique Ford’s actions from the perspective of the NSPE Code of Ethics.
B) One well-known ethical theory, utilitarianism, suggests that an act is ethically justified if it results in the "greatest good for the greatest number" when all relevant stakeholders are considered. Did Ford’s cost-benefit analysis validly apply this theory?
C) What should engineers do when the product they are designing has a known safety defect with an inexpensive remedy?
Answer and Explanation:
1. The national society of professional engineers code of ethics was violated by Ford motors by selling the pinto model which they already knew had manufacturing defects. The cars had issues that were mostly due to fuel tank fires. The pinto was recalled and the cars were being modified to reduce fire hazards.
As part of the nhse code of conduct, engineers must give impartial, honest and equitable service to the public while also ensuring their safety.
2. When we relate Ford's action with the act of utilitarianism, then the cost benefits analysis of Ford did not take cognizance of the effects that their decisions would have. The utilitarian approach would evaluate each action differently and whatever decisions that might follow from it. Ford did not take account of many factors in their cost benefits analysis. The loss from not replacing the fuel tank was more than the benefits as lots of more would have also been spent settling people out of court.
3. Engineers should take decisions that involves the safety of the public for whom they are designing the product. They should try to correct the design defects first without considering how expensive or inexpensive it is based on ethics.
An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum at the end of 10 years. She uses the amount borrowed to purchase a 1000 par value 10-year bond with 8% semiannual coupons bought to yield 6% convertible semiannually. All coupon payments are reinvested at a nominal rate of 4% convertible semiannually. Calculate the net gain to the investor at the end of 10 years after the loan is repaid
Answer:
$74.14
Explanation:
first we must calculate the market price of the bond:
0.03 = {40 + [(1,000 - MV)/20]} / [(1,000 + MV)/2]
0.03 x [(1,000 + MV)/2] = 40 + [(1,000 - MV)/20]
0.03 x (500 + 0.5MV) = 40 + 50 - 0.05MV
15 + 0.015MV = 90 - 0.05MV
0.065MV = 75
MV = 75 / 0.065 = $1,153.85
so the customer borrowed $1,153.85
in 10 years, the principal + interest will = $1,153.85 x (1 + 5%)¹⁰ = $1,879.50
the customer will receive:
20 semiannual payments of $40, the future value = $40 x 22.841 (FV annuity factor, 2%, 19 periods) + $40 = $953.64
bond's face value = $1,000
total money received = $1,000 + $953.64 = $1,953.64
net gains = $1,953.64 - $1,879.50 = $74.14
Asking if the results of laboratory research generalize to organizations in the real world is related to _________ validity
Answer:
Asking "will the results of laboratory research generalize to organizations in the "real world" is related to:
External Validity
Anything called money will be
A. large and heavy
B. easy to create
C. scarce
D. backed by gold
The answer is: D. Backed by gold.
You are given the following information on Parrothead Enterprises: Debt: 9,200 6.4 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 104.5. These bonds pay interest semi-annually and have a par value of $1,000. Common stock: 235,000 shares of common stock selling for $64.70 per share. The stock has a beta of .92 and will pay a dividend of $2.90 next year. The dividend is expected to grow by 5.2 percent per year indefinitely. Preferred stock: 8,200 shares of 4.6 percent preferred stock selling at $94.20 per share. The par value is $100 per share. Market: 11.8 percent expected return, risk-free rate of 3.7 percent, and a 22 percent tax rate. Calculate the company's WACC.
Answer:
8.57%
Explanation:
value of debt = $1,000 x 9,200 x 1.045 = $9,614,000
YTM = {32 + [($1,000 - $1,045)/46]} / [($1,000 + $1,045)/2] = 31.02/ 1,022.50 = 3.034% x 2 = 6.07%
value of common stock = 235,000 x $64.70 = $15,204,500
Re = 3.7% + 0.92(11.8% - 3.7%) = 11.15%
value of preferred stocks = 8,200 x $94.20 = $772,440
cost of preferred stocks = 4.6 / 94.2 = 5.46%
total value = $25,590,940
common stocks = 0.594
debt = 0.376
preferred stocks = 0.03
WACC = (0.594 x 11.15%) + (0.03 x 5.46%) + (0.376 x 6.07% x 0.78) = 6.6231% + 0.1638% + 1.78% = 8.57%
Under the provisions of Regulation SHO, before a security can be "sold short," it must be determined that the security:___________.
A. can be borrowed and delivered by settlement
B. has been traded on an + tick or a 0+ tick
C. is not on the threshold listD. is subject to the short interest reporting rule
Answer:
Under the provisions of Regulation SHO, before a security can be "sold short," it must be determined that the security:___________.
D. is subject to the short interest reporting rule
Explanation:
Under the provisions of Regulation SHO, the SEC rule, otherwise known as FINRA 4560 (“Short-Interest Reporting” or the “Rule”), requires a record of total short positions in all customer and proprietary firm accounts for all equity securities (other than Restricted Equity Securities as defined in Rule 6420) to be maintained by each FINRA member who must regularly report such information to the Security and Exchange Commission." This rule is part of the Regulation SHO, which governs short-sale trading strategies, prevents unethical practices, and applies standards to the behavior and practices of brokers, traders, and investors.
Which statement correctly describes the following ratio? Current assets / Current liabilities: Current assets divided by current liabilities
Answer:
The statement that correctly describe the following ratio is the current ratio
Explanation:
Current ratio is defined as current assets over Current liabilities. It is a comparison of current assets to current liabilities. Normally, the potential creditor will use current ratio to measure a company's liquidity or ability to pay off liabilities. Every healthy company must maintain a 2:1 current ratio.
Negotiation is gendered in that the qualities of bargainers such as analytic rationality and strategic thinking are linked to:_________.
Answer:
Masculinity.
Explanation:
Negotiation can be defined as the process in which a buyer and a seller of goods and services reach a compromise on the price or amount of money to be paid. Negotiations in business depicts a win-win situation for both the buyer and seller.
Negotiation is gendered in that the qualities of bargainers such as analytic rationality and strategic thinking are linked to masculinity.
This ultimately implies that, when it comes to negotiating the price of an item or a product, the male bargainers (customers) are considered to be more rational by comparing products with existing products and prices, as well as being strategic in thoughts through the consideration of alternatives.
In a Sweezy Oligopoly, a decrease in a firm's marginal cost generally leads to:_______.A) reduced output and a higher price.B) increased output and a lower price.C) higher output and a higher price.D) none of the statements associated with this question are true.
Answer:
D) none of the statements associated with this question are true.
Explanation: Sweezy oligopoly which is also described as a kicked demand model helps to show how prices can be stable without any form of secret agreement between the small number of large Organisations which dorminates in an olygopolistic market.
An olygopolistic market is a market that is filled with a small number of large scale business Organisations.
Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,838. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,424.97. What is the amount of the employer's payroll taxes expenses for this employee?
Answer: $1,110.11
Explanation:
The Employer is to pay and withhold all taxes except the income tax withheld so the employer's payroll tax expense will be;
= Social Security Tax + Medicare tax + FUTA + SUTA
= ( 0.062 * 8,838) + ( 0.0145 * 8,838) + ( 0.008 * 7,000) + ( 0.054 * 7,000)
= 547.96 + 128.15 + 56 + 378
= $1,110.11
SUTA and FUTA are payable on first $7,000 of an employee's pay.
Content marketing is a relatively new practice that became popular in the 1950’s with the boom of advertising firms.
A. True
B. False
Answer: false
Explanation:
Content marketing is a marketing method that is focused on the creation and the distribution of content for a specific audience online.
Content marketing is used by organizations to generate leads, attract attention gain a large customer base and increase revenue.
The idea that Content marketing is a relatively new practice that became popular in the 1950’s with the boom of advertising firms is wrong.
Nastya’s makes risky investments with 25% of her portfolio and invests the rest of the portfolio in low-variance investments. This is an example of
Answer:
mental compartmentaliztion
Explanation:
By making such risky investment, this is mental compartmentalization. Nastya is not ready to take any big risks.
The project represented by this resource load chart has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:
Complete Question:
The project represented by this resource load chart (see attached) has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:
A) Activity A
B) Activities B and C
C) Activities D and E
D) Activity E and F
Answer:
The first activities that are strong candidates for shifting are:
C) Activities D and E
Explanation:
Activities D and E have a total time of 5 days altogether based on the attached resource load chart. They have the least time and can be shifted to accommodate other activities before they can be tackled sequentially.
A resource load chart displays the total amount of resources required as a function of time in any given project. It is the best method for establishing the existence of some resource conflicts across project activities, especially when compared to Gantt Charts, Network Diagrams, and Pareto Diagrams.
Possession of an open container of alcohol receives a $500 fine and a jail confinement of answer:_______
Possession of an open container of alcohol receives a $500 fine and a jail confinement of six day
Which of the following actions will help ease agency conflicts and better align managers’ objectives with the firm’s shareholder wealth?a. Pay the manager a large base salary with a huge stock option package that matures on a single date. b. Pay the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth. In addition to well-designed executive compensation packages, other motivational forces can align the interests of managers with those of their shareholders. Which of the following actions could be used to reduce the potential for these agency conflicts and ensure that the firm's managers will pursue the long-term wealth interests of their shareholders? a. Let the manager know that he or she will be fired if the company's stock does not reach a certain target by the end of the year. b. Let the manager know that a takeover is possible if he or she doesn't perform well.
Answer:
1. b. Pay the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth
2. b. Let the manager know that a takeover is possible if he or she doesn't perform well.
Explanation:
Agency problems arise when the managers who are meant to be maximising shareholder wealth instead begin to act in their own interests to increase their own wealth.
To avoid this, the company should make the manager a shareholder as well so that in maximising shareholder wealth, the manager will be maximising their own wealth as well. When making them shareholders however, it is imperative that the stock is phased over several years so that the manager will keep increasing shareholder wealth.
Another way to ensure that a manager will try their best for the shareholders is to remind them that failure might lead to a takeover from another company. In takeovers, the managers of the ill performing firm are usually retrenched with the logic being that they were the ones that got the company into ruin so they should not be given the chance to do so again.
The function of the South African Reserve Bank as bank supervisor entails …
[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.
[2] making, issuing and destroying banknotes and coins.
[3] achieving a sound, efficient banking system in the interest of depositors of banks and the economy as a whole.
[4] formulating an exchange rate policy.
Answer:
[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.
Explanation:
The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because the market portfolio: Multiple Choice has specific risk. offers lower returns. has less systematic risk. diversifies risk.
Answer: Diversifies risk
Explanation:
The main purpose of having a portfolio is to be able to diversify risk so that a total loss is not made if things do not go well. As such, well diversified portfolios are able to reduce their unsystematic risk.
Individual stock on the other hand, cannot be diversified and so have unsystematic risk which makes their standard deviations(risk) higher.
Which of the following is central to developing pre-service strategies?a- Leadership.b- Finance.c- Marketing.d- Capital structure.
Answer:
C. Marketing.
Explanation:
Marketing is central to developing pre-service strategies.
Green is a sign of danger in some countries so a U.S firm that sells its goods that sells its goods in those countries would probably want to avoid using green on its packaging. Which aspect of packaging is addressed by this issue
Answer:
Aesthetics
Explanation:
Aesthetics refers to the study with respect to the nature and enhancement of beauty, art, and the taste that is concerned with the mind and emotions study.
Since in the question it is mentioned that the Green signifies the danger sign in some of the countries and the countries avoid the use of green on the product' packaging
So this issue represents the aspect of aesthetics and the same is to be considered
There are three consumers of a public good. The demands for the consumers are as follows: Consumer 1: P1 = 60 – Q Consumer 2: P2 = 100 – Q Consumer 3: P3 = 140 – Q where Q measures the number of units of the good and P is the price in dollars. Now the marginal cost of the public good is $ 60 . What is the economically efficient level of production of the good?
Answer:
80
Explanation:
To get the economically efficient level of production of the good, we will sum up the demand for consumers and equate them to the marginal cost of the public good.
Note that the economically efficient level of output occurs where MSB = MC on the graph. Therefore, since MSB = MC occurs where all the three consumers are in the market, then we'll have;
(60-Q) + (100-Q) + (140-Q) = 60
Expand the brackets
60-Q+100-Q+140-Q = 60
Collect like terms and sum up
300-3Q = 60
3Q = 300-60
3Q = 240
Q = 80
Therefore, the economically efficient level of the production of the good is 80