Answer:
The answers are:
When the price increased from $2.00 to $2.50 the PES was 1.5
When the price increased from $2.50 to $3.00 the PES was 1.36
Explanation:
The formula used to calculate price elasticity of supply (PES) is:
PES = [(New Quantity Supplied – Old Quantity Supplied)/(Old Quantity Supplied)] / [(New Price – Old Price)/(Old Price)]
PES = % change in quantity / % change in price
When the price increased from $2.00 to $2.50 the PES was:
PES = [(110 - 80) / 80] / [(2.50 - 2.00) / 2.00] = 1.5
When the price increased from $2.50 to $3.00 the PES was:
PES = [(140 - 110) / 110] / [(3.00 - 2.50) / 2.50] = 1.36
Answer:
The principal amount to be to be invested=$46,613.95
Explanation:
The total amount that Lou needs to invest with Reel bank in order to have for new equipment in 7 years is known as the principal amount.
The formula for calculating total amount on investment compounded quarterly;
A=P(1+r/n)^nt
A = the future value of the investment, including the interest
P = the initial investment amount
r = the annual interest rate
n = the number of times that interest is compounded per unit t
t = the time the money is invested or borrowed for
For our case;
A=$70,000
P=p
r=6/100=0.06
n=compounded quarterly=4
t=7 years
replacing;
70,000=p(1+0.06/4)^(4×7)
70,000=p(1.015)^28
70,000=1.517 p
1.517 p=70,000
p=70,000/1.517
p=46,613.95
The principal amount to be to be invested=$46,613.95
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The total medical expenses deductible before the 10% limitation is 2090
Explanation:
Solution
Recall that:
The Total expenses included is stated as follows:
Th Hotel room is = $150 * two rooms * three nights
Mileage of = $900,
Miles = 1000
Doctor's bill ins an Francisco = 1,600
Now,
To next step is to find the total medical expenses deductible before the 10% limitation is given as follows:
Doctor's bill = 1,600
The total expenses i hotel room is calculated as :150 * 1 *3 = 450
So,
The total = 1600 + 450 = 2050
It is also important to know that only 10% of the expense stay for the accompanied person is permitted
Therefore,
450*10% =45
Total 2050+45 = 2090
Answer:
<u>Financing </u>
Explanation:
Financing refers to usage of money and funds to finance the marketing agencies and promotions, in addition to financing the movement of goods through different channels of distribution.
Retailers usually use credit schemes to induce customers such as, payment in installments with zero interest payments. Such schemes enhance sales and also build consumer trust.
In the given case, Appliance Depot offers credit services whereby customers are granted convenient payment terms such as no down payment and interest free installments. This represents the marketing function of financing wherein the retailer facilitates financing customer's purchase via such credit schemes.
