Answers
Answer:
Demand drops to zero
Explanation:
Infinite elasticity of demand is also called perfect elasticity of demand.
In this scenario the demand for a product is attached to it's price.
There is an infinite change in the quantity demanded as a result of change in price.
Graphically it is a horizontal demand curve as represented in the attached
Even a small increase in price will cause demand to fall to zero.
Examples are luxury goods such as high end cars and expensive jewelry.
Related Questions
Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000 shares of her Ibis stock for $4,550. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2021, for $3,025. What is Ms. Fresh's recognized loss on her 2020 sale, and what is her basis in her 1,000 shares purchased in 2021?a. $0 LTCL and $4,850 basis.b. $560 LTCL and $4,290 basis.c. $840 LTCL and $4,010 basis.d. $1,120 LTCL and $3,730 basis.e. $1,400 LTCL and $3,450 basis.
Answers
Answer:
LTCL = $0
Basis = $3,575
Explanation:
January 15, 2018, buy 1,000 shares at $5,100
December 31, 2020, sold 1,000 shares at $4,550
If Ms. Fresh hadn't repurchased the stock in January, she could have reported a long term capital loss of $550. But since she repurchased the 1,000 shares just after selling them, it is considered a wash sale.
So no long term capital loss will be recognized and the basis of the 1,000 stocks = $3,025 + $550 = $3,575
You bought four put options (each on 100 shares) on EZ stock with an exercise price of $35 per share and an option price of $1.35 per share. Today, the contracts expire and the stock is selling for $36.25 a share. What is your net profit or loss on this investment? Ignore commissions and taxes. Round the answer to the nearest dollar. Enter as positive if a profit; enter as negative if a loss.
Answers
Answer:
-$ 540
Explanation:
Put Option - provides right to sell share at exercise price on expiry.
As it is an Right not Obligation, Thus, buyer will exercise the right only if he is gaining at expiry and he will gain only if exercise price is higher than spot price at expiry
In this case Exercise Price ($ 35) is lower than the spot price ( $ 36.25) at expiry. Thus he will not execrise the option.
He will lose all what he spend in buying option that is $ 1.35 per share
Thus,
Net profit or loss on this investment = 4 Options * 100 Shares each * Loss of $ 1.35 per Share
Net profit or loss on this investment = 4 * 100 * (-1.35)
Net profit or loss on this investment = -$ 540
Two siblings each pay 30% of their parents support so they can decide who will claim the parents with a multiple support agreemont
Choose one answer a True
b. False
Answers
Hope this helps you
Renz Co. acquired 80% of the voting common stock of Sogers Corp. on January 1, 2022. During 2022, Sogers had revenues of $2,700,000 and expenses of $2,100,000. The amortization of fair value allocations totaled $65,000 in 2022. Not including its investment in Sogers, Renz Co. had its own revenues of $4,800,000 and expenses of $3,600,000 for the year 2022.
The noncontrolling interest's share of the earnings of Sogers Corp. for 2022 is calculated to be:_______.
A. $0.
B. $240,000.
C. $133,000.
D. $120,000.
E. $107,000.
Answers
Answer:
E. $107,000.
Explanation:
The computation of the non-controlling interest of earnings share is shown below:
= Revenue - Expense - allocation of Amortization of fair value
= $2,700,000 - $2,100,000 - $65,000
= $535,000
Now 80% is purchased by the Renz Co
So 20% would be owned by sogers Corp. So
That means
= $535,000 × 20%
= $107,000
Hence, the correct option is e. $107,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Consider the following hypothetical data for 2012 and 2013:______. 2012 2013Money supply 2,000 2,100Velocity 5 5Real GDP 15,000 15,000The price levels for 2012 and 2013 are:Instructions: Enter your responses rounded to two decimal places.2012: ____2013: _____Instruction: Enter your response as a whole number.Rate of inflation between 2012 and 2013: _____%.
Answers
Answer:
Rate of inflation between 2012 and 2013 = 4.48%
Explanation:
Real GDP is the quantity of commodities produced in a specified year. Here real GDP is 15,000 in both 2012 and year 2013. Total money supply is the actual money supply multiplied by the velocity of money. So effective money supply is:
Money supply of the year 2012 = 2000 * 5 = 10,000
Money supply of the year 2013 = 2100 * 5 = 10,500
Price level is calculated by dividing money supply by real GDP.
Price level of the year 2012 = 10,000/15,000 = $0.67
Price level of the year 2013 = 10,500/15,000 = $0.7
Rate of inflation is the price rise in 2013. It is:
Rate of inflation between 2012 and 2013 = 0.7 - 0.67 / 0.67 = 0.0447761 = 4.48%
Output Total Cost 0 $380 1 400 2 450 3 530 4 640 5 780 What is the average fixed cost of the 2nd unit of output?a. $65.b. $110.c. $140.d. $160.
Answers
Answer:
$190
Explanation:
In the case when the output is zero that means total cost is equivalent to the total fixed cost also the total fixed cost not based on the output level i.e. it is constant for all the level of output
Since the total fixed cost is $380
And, the average fixed cost is equivalent to the total fixed cost i.e. divided by the output
So here the average fixed cost would be
= $380 ÷ 2
= $190
This is the answer but the same is not given in the options
If coal mine tonnage can be shipped elsewhere cheaply, but a coal-fired power plant adjacent to the mining operation is not redeployable to other uses, what organizational form would be adopted by the power plant owners?
Answers
Answer:
vertical integration
Explanation:
The plant owners would have to adopt a vertically integrated organization because the plant is not redeployable to other uses and is dependent on the supply chain/complementary assets. Vertical integration occurs when an organization owns and controls it's distribution or supply chain in order to maximise profits and reduce costs or inefficiency. By controlling the supply chain, the chain of distribution of the coal mine tonnage can be improved in terms of efficiency and value in revenue.
Jarett & son's common stock currently trades at $30.00 a share. it is expected to pay an annual divident of $1.00 a share a the end of the year(d1 = 1.00) and the constant growth rate is 4% a yearA) What is the company's cost of common equity if all of its equity comes from retained earnings?B) If the company issued new stock, it would incur a 10% flotation cost. What would be the cost of equity from new stock?
Answers
Answer and Explanation:
The computation is shown below:
a. The company cost of capital is
Cost of equity = (D1 ÷ share price)+ Dividend growth rate
= ($1 ÷ $30) + 0.04
= 0.033 +0.04
= 0.0733 or 7.33%
Now
b. Cost of new equity is
= (D1 ÷ share price × (1 - flotation cost)) + Dividend growth rate
= [$1 ÷ $30 × (1 - 0.1)] + 0.04
= ($1 ÷ $30 × 0.9) + 0.04
= 1 ÷ 27 + 0.04
= 0.037 + 0.04
= 0.07704 or 7.71%
Your name, address, telephone number, and e-mail address all belong in the ____ section of a résumé.
letterhead
education
references
heading
Answers
Answer:
heading
Explanation:
our contact information—which includes your name, address, phone number, and email address—should always appear at the top of your resume, regardless of which resume format you are using.
Answer:
A) Letterhead
Explanation:
Your answer should actually be letterhead. If you look up what a letter head is online it tells you it's the heading at the top of a paper that usually consists of a name address, phone number, and email.
I took the quiz and got the answer correct!
EDG 2021
Floral Shoppes has a new project in mind that will increase the accounts receivable by $19000, decrease accounts payable by $4000, increase fixed assets by $27000, and decrease inventory by $2000. What is the amount the firm should use as the initial cash flow attributable to net working capital when it analyzes this project?A. $25000B. $12000C. $17000D. $21000E. $52000
Answers
Answer:
D. $21000
Explanation:
Calculation for the amount the firm should use as the initial cash flow attributable
Using this formula
Initial cash flow attributable to net working capital = Change in current assets - Change in current liabilities
Let plug in the formula
Initial cash flow attributable to net working capital=[(Increase in Account Receivable $19,000 + Decrease in inventory $2,000)] - ( Decrease accounts payable $4000)
Initial cash flow attributable to net working capital= (19,000 - 2,000) - [-4,000]
Initial cash flow attributable to net working capital=17,000 + 4000
Initial cash flow attributable to net working capital=$21,000
Therefore the amount the firm should use as the initial cash flow attributable to net working capital when it analyzes this project will be $21,000
How does training differ between companies that are considered BEST Award winners and those that are not?
Answers
Answer:
Generally, the companies that win the best award are those that provide best training to its employees. As the employees are trained with...
Explanation:
which of the following is true of heirarchical clustering
Answers
Answer:
*See Explanation*
Explanation:
Heirarchical Clustering is a form of collective data. For example if you want to find out which Soda sells more you would collect data based on reviews from customers of each purchase. Your data will be collected in a cluster which you will then organize into a valuable marketing strategy.
With the real money supply held constant, the theory of liquidity preference implies that a higher income level will be consistent with:________.
Answers
Answer:
a higher interest rate
Explanation:
In the case when there is a supply of real money and it becomes constant so here the liquidity preference theory denotes that if there is a level of the higher income so it would be consistent with the interest rate i.e. higher
The liquidity preference theory means the theory where the investor demand the rate of interest i.e. higher that has long term maturities with high risk
So as per the given situation, the higher interest rate is the answer
When people refer to cognitive ability, they usually are referencing the general overall cognitive ability, also called:________.a. g-factor. b. self-awareness. c. EQ. d. GLAT. e. SAT.
Answers
Answer:
a. g-factor.
Explanation:
G-factor: The term "g-factor" is also referred "general intelligence factor", "general intelligence", or "general mental ability", and is described as a construct that is being developed in "psychometric investigation" associated with the human intelligence & cognitive abilities. The g-factor tends to target a specific measure of "general intelligence". An individual who holds this view ought to believe that someone's intelligence can be expressed & measured via a single number, for example, IQ score.
In the question above, the given statement represents "g-factor".
which two features of quickbooks online advanced are not available to quickbooks online plus clients
Answers
Answer:
the techniques and the earth
Explanation:
so basically those techniques help you
Answer:
unlimited accounts and Classes, Advanced import and batch entry
Explanation: These two features are not available in Quickbooks Plus, but they are vailable in Quickbook Advaced.
The use of accelerated depreciation:____.a. discourages investment in plant and equipment. b. increases expenses and decreases cash flow.c. initially decreases the firm's taxes. d. initially increases the firm's profits.
Answers
Answer:
c. initially decreases the firm's taxes
Explanation:
Accelerated depreciation provides for a higher rate of capital allowance on the assets that is New and Unused and brought in the business for use in manufacturing for the first time. This allowance then lowers for the other years. The purpose of this is to encourage investment in plant and equipment as it initially decreases the firm's taxes.
Mustang Corp. has a selling price of $24, variable costs of $13 per unit, and fixed costs of $55,000. How many units must be sold to break-even?a. 4231 b. 2292 c. 5,000 d. 10,000
Answers
Answer:
5,000
Explanation:
Mustang corporation has a selling price of $24
Variable cost is $13
Fixed cost is $55,000
Therefore the number of units that must be sold to break even can be calculated as follows
= $24-$13
= $11
= $55,000/$11
= 5,000
Hence 5,000 units must be sold to break even
Technician A says that after an accident you should take measures to avoid it in the future. Technician B
says that it is OK to block an exit for a shop. Who is correct?
Select one:
a. Technician A
b. Technician B
c. Both A and B
d. Neither A nor B
Answers
a. Technician A
Which of the following business actions would likely result in criminal
prosecution?
Answers
Answer:
Gas stations mainly for them being in the middle of no where and stacked with cash they are the most likely to be Robbed
A resume generally consists of *blank* and *blank*.
blank 1 blank 2
introduction eagle scout badge
work experience job-related skills
degree certificates personal salutation
Answers
Answer:
work experience and job-relqted skills
A resume generally consists of work experience and job-related skills. Option (b) is correct.
What is Resume?In a formal document called a resume, jobseekers list their qualifications for a position.
A resume, also known as a curriculum vitae (CV), is a record made and utilized by a person to describe their educational history, professional experience, and accomplishments. Although there are many uses for resumes, they are most frequently employed to find new jobs.
A standard resume includes a summary of education and employment history that is pertinent. The resume is normally one of the first things a potential employer sees about a jobseeker, along with a cover letter and occasionally an application for employment, and is commonly used to screen applicants, frequently followed by an interview.
Therefore, Option (b) is correct.
Learn more about Resume, here;
https://brainly.com/question/862477
#SPJ6
How much will $6000 be worth if it is invested at 3.5% interest for 20 years compounded annually, semi-annually, quarterly, monthly, weekly, daily?
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $6,000
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
Compounded annually:
n= 20
i= 0.035
FV= 6,000*1.035^20
FV= $11,938.73
Compounded semi-annually:
n=20*2= 40
i= 0.035/2= 0.0175
FV= 6,000*(1.0175^40)
FV= $12,009.58
Compounded quarterly:
n= 20*4= 80
i= 0.035/4= 0.00875
FV= 6,000*(1.00875^80)
FV= $12,045.78
Compounded monthly:
n= 20*12= 240
i= 0.035/12= 0.00292
FV= 6,000*(1.00292^240)
FV= $12,079.84
Compounded weekly:
n= 20*52= 1,040
i= 0.035/52= 0.000673
FV= 6,000*(1.000673^1,040)
FV= $12,078.71
Compounded daily:
n= 20*365= 7,300
i= 0.035/365= 0.000096
FV= 6,000*(1.000096^7,300)
FV= $12,091.78
Answer:
P = $6000
i = 3.5% = 0.035
n =20
Future value = P*(1+i/m)^nm
If compounded annually = 6,000*(1+0.035) ^20 = 6,000*(1.035)^20 = 6,000*1.9898 = $11938.80
If compounded semi-annually = 6,000*(1+0.035/2)^20*2 = 6,000*(1+0.0175)^40 = 6,000*(1.0175)^40 = 6,000*2.00159734319 = $12009.58405914 = $12009.58
If compounded quarterly = 6,000*(1+0.035/4)^20*4 = 6,000*(1+0.00875)^80 = 6,000*(1.00875)^80 = 6,000* 2.00763065501 = $12045.78393006 = $12045.78
If compounded monthly = 6,000*(1+0.035/12)^20*12 = 6,000*(1+0.0029167)^240 = 6,000*(1.0029167)^240 = 6,000 * 2.01171808178 = $12070.30849068 = $12070.31
If compounded weekly = 6,000*(1+0.035/52)^20*52 = 6,000*(1.00067307692)^1040 = 6,000 * 2.01327857595 = $12079.6714557 = $12079.67
If compounded daily = 6,000*(1+0.035/365)^20*365 = 6,000*(1.00009589041)^7300 = 6,000*2.01368511398 = $12082.11068388 = $12082.11
When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 4 and 28 would lead to a ________ percent chance of a Type I error.
Answers
Answer:
Type 1= 0.3 %
Explanation:
This is a 3 sigma limit given by ( μ±3σ) . Chebyshev's inequality states that at least 89% of the observations fall in the three sigma limits ( μ±3σ) . The probability increases towards 99.7% as the distribution becomes normal.
Normal distribution= 99.7% observations fall within μ ± 3σ
Type 1 Error= (100- 99.7)%= 0.3%
Upper control limit = UCL= μ + 3σ
Lower control limit = LCL= μ - 3σ
A theory states that while investors and borrowers may normally concentrate on a particular natural maturity market, conditions may cause them to change maturity markets. This theory is called the:__________
Answers
Answer:
Preferred habitat theory.
Explanation:
Explanation on this theory deals a lot on yield; as it tries to let us know that the said investors who's bond are put to play here always tend to show that they are willing to make purchases out of their line or circle of limit if a reasonable amount of yield/ high yield is attached or falls back with their bond when they make these transactions.
This directly implies that investors interest are always seen to be embedded on their returns and also maturity. It is seen to also affect the yield curve in many cases.
A contestant asks for 200,000 for 25% of their business, what value have they placed on their entire company?
Answers
Answer:
$800,000
Explanation:
25% of the business is equal to 200,000, according to the contestants.
The entire company value is equivalent to 100%
25% = 200,000
100% = ?
100% = 200,000/25 x 100
=$8,000 x 100
=$800,000
A customer has $20,000 in passive losses from a limited partnership investment. If the customer has $20,000 of passive income for that tax year, the customer may deduct:___________.
Answers
Answer:
Customer deduction = $20
Explanation:
Given:
Passive loss = $20,000
Passive income = $20,000
Find:
Customer deduction
Computation:
Customer deduction = Passive loss - Passive income
Customer deduction = $20,000 - $20,000
Customer deduction = $0
whats a good job for me A. nail artist B.GameDev C. Aesthetic photography D.Anime Actor idc They all sound good
Answers
Answer:
C. Aesthetic photography
Explanation:
Answer: it really depends on what you're good at !!
Explanation: seeing all the jobs you listed here, if you look more into the requirements and the education that is needed, see which one is either easier or what you're good in in that field, and go for that !!
i think that either a nail artist or an aesthetic photographer would be good for you :)
Audience:
Your audience is the bank's loan manager.
Situation:
You have invented a new product and decided to start a business manufacturing your invention. You have chosen a sole proprietorship as the best choice of business ownership. The problem is in order to get your business "off the ground" you will need a capital investment. So you have decided to approach your local bank for a loan. The bank's loan manager is considering financing your business and has agreed to listen to a presentation about your business plan. The loan manager has asked you to address some of her concerns in the presentation.
Product:
Create a persuasive presentation that addresses the bank's loan manager's concerns.
Standards for Success:
Your presentation to the loan manager must include:
Rationale behind choosing a sole proprietorship instead of a partnership or corporation as the form of business ownership.
A detailed description of the target market for your product.
A detailed description of your business's marketing mix.
Identification and explanation of the customer buying motive for your product.
An explanation of how your business will be socially responsible to the local community.
Answers
Answer:
E=mc2
Explanation:
Products that are bought after comparing price, suitability, quality, and style are called _____ products.
Answers
Answer:
Heterogeneous-shopping products(Shopping product)
Explanation:
Products can simply be said to be services, events, places, ideas, person e.t.c.
There are four types of consumer product classes namely:convenience, shopping, speciality and unsought.
Shopping products are homogeneous and heterogeneous in nature.
Homogeneous shopping products usually need enough exposure to facilitate price comparison; they differs in style, comparison, quality and price sensitivity is high e.g housing.
On January 1, 2019, Seek Company purchased a copy machine. The machine costs $960,000, its estimated useful life is 8 years, and its expected salvage value is $60,000. What is the depreciation expense for 2020 using double-declining-balance method?A. $157,500B. $ 105,000C. $180,000D. $240,000
Answers
Answer:
C. $180,000
Explanation:
Double-declining-balance method is otherwise known as the Reducing Balance Method.
Depreciation Expense = 2 × SLDP × BVSLDP
SLDP = 100 ÷ Number of useful life
= 100 ÷ 8
= 12.50 %
Year - 2019
Depreciation Expense = 2 × 12.50 % × $960,000
= $240,000
Year - 2020
Depreciation Expense = 2 × 12.50 % × ($960,000 - $240,000)
= $180,000
In the market for beef, the price of a pound of beef falls Explain the effect of this event on the quantity of beef supplied and on the supply of beef:______. A. The quantity of beef supplied decreases and the supply of beef also decreases B. The quantity of beef supplied increases and the supply of beef also increases C. The supply of beef decreases and the quantity of beef supplied is unchanged. D. The supply of beef is unchanged and the quantity of beef supplied increases. E. The quantity of beef supplied decreases and the supply of beef is unchanged.
Answers
Answer:
E. The quantity of beef supplied decreases and the supply of beef is unchanged.
Explanation:
In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is unchanged. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.
