Answer:
Check the explanation
Explanation:
Whenever there’s a $300 charge from the Big Winner, and normal household income is expected to be around $50,000, it can fill 200 rooms per night at that price. Though, if there’s an increase in a typical household income to $55,000, the quantity of rooms that would be demanded will rises to 300 rooms per night. You can calculate the income elasticity of demand for Big Winner's hotel rooms by dividing the percentage change in quantity demanded by the percentage change in income:
Income Elasticity of Demand Income Elasticity of Demand =
= Percentage Change in Quantity Demanded,
Percentage Change in Income
Percentage Change in Quantity Demanded
Percentage Change in Income
=250 = 50%10% 50%10% = 5 5
What? didnt quite understand your question.
Answer:
17.4%
Explanation:
original purchase price 1 year ago = $1,044
current market price:
0.06 = {80 + [(1,000 - MV)/13]} / [(1,000 + MV)/2]
0.06 x [(1,000 + MV)/2] = 80 + [(1,000 - MV)/13]
0.06 x (500 + 0.5MV) = 80 + 76.92 - 0.0769MV
30 + 0.03MV = 156.92 - 0.0769MV
0.1069MV = 126.92
MV = 126.92 / 0.1069 = $1,187.28
total returns during the year = $80 (coupon) + ($1,187.28 - $1,044) = $223.28
nominal return on investment = $223.28 / $1,044 = 21.387%
real return on investment = [(1 + i) / (1 + inflation)] - 1 = [(1 + 0.21387) / (1 + 0.034)] - 1 = 1.174 - 1 = 0.174 = 17.4%
Answer:
$138,000
Explanation:
The computation of the cost of Raw Materials Purchased is shown below:
= Direct materials used + ending direct material inventory - beginning direct material inventory
= $130,000 + $40,000 - $32,000
= $138,000
Simply we added the ending direct material inventory and deduct the beginning direct material inventory to the direct material used so that the accurate amount can come
Answer: a. Controlling
Explanation:
The Controlling function in management is meant to ensure that employees in a company are acting in a manner that abides by the standards of the company or organization in question.
It works by managers ensuring that they check that employees are acting in the way they are to act and if they are not, corrective action must be meted out to stop the behavior.
The Secret Service had some embarrassing moments in 2015 with some agents being found drunk on a trip to Europe where they were assigned to President Obama's detail. Had supervisors been making sure that subordinates acted in a manner befitting of the secret service, the acts would have had a significantly less chance of happening.
