Petrus Company has a unique opportunity to invest in a two-year project in Australia. The project is expected to generate 1,000,
1 answer:
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Answer:
a. -1.25
b. -1.25
Explanation:
Price elasticity is used to measure the change in demand as a result of a change in price.
Formula is;
= % change in Quantity/ % change in Price
a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:
% change in Quantity using the midpoint formula;
% Change in Price using midpoint formula
= -0.5/0.4
= -1.25
b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:
% change in Quantity using the midpoint formula;
% Change in Price using midpoint formula
= 0.5/-0.4
= -1.25
Answer:
The Net cash provided by investing activities is <u>$172,000</u>.
Hence, the correct option is <u>B. $ 172 comma 000.</u>
Explanation:
Given:
In 2019, Forever Young, Inc. sold land for $ 110,000 cash, purchased equipment for $ 18,000 cash and issued bonds for $ 80,000 cash.
Now, to find the Net cash activities.
Land sold of cash = $110,000.
Equipment purchased of cash = $18,000.
Bonds issued of cash = $80,000.
Now, to get the Net cash activities we put formula:
<u><em>Net cash activities = Land sold - Equipment purchased + Bonds issued</em></u>
Therefore, the Net cash provided by investing activities is $172,000.
Hence, the correct option is <u>B. $ 172 comma 000.</u>