Answer:
$508
Explanation:
The total assessed value of the house is $319,550 (= $84,550 + 235,000).
The annual tax rate is calculated in 100s, therefore we must divide $319,550 by $100 = 3,195.5 which will be rounded up to 3,196 100s.
Now we multiply 3,196 x $1.91 = $6,104.36
to calculate the monthly payment we divide $6,104 by 12 = $508
<span>The contract Henry entered into to sell his farm is void and not enforceable. Henry is not mentally competent to enter into such arrangements and the courts will not uphold the sale.</span>
Using the midpoint method, we know that the demand for candy bars is <u>a. inelastic</u>.
<u>Explanation</u>:
The demand is said to be inelastic when the demand for the goods and services does not change with the change in price.
When the price of the product increases and there is no reduction in the demand of the product is known as inelastic demand. The demand tends to be inelastic for the daily use and necessary goods and services.
Elasticity can be computed with the help of the midpoint method as it gives the result regardless of the direction of change.
Answer:
a. 50, which is high by historical standards.
Explanation:
a. 50, which is high by historical standards.
It is high because current price is high than earnings.
Earning yield is the reciprocal of price earning ratio that is = 1/ (P/E ratio) expressed as a percentage.
So
PRice Earning ratio = Market price per share/ Earning per share
Price Earning ration= $20/ 0.4 = 50
Earning per share= Earnings/ No of shares outstanding
EPS= $ 1 million/$ 2.5 million = 0.4
