Answer:
$64,300
Explanation:
The amount of revenue that Moretti Department store should recognize as revenue in 2021 should be based on the redeemed amount in the year and unused balance:
1. $1,500 were redeemed during 2021
2. $800 2019 balance remains unused
3. $22,000 were redeemed in 2021
4. $40,000 were redeemed in 2021
Total Revenue for 2021 = $64,300
Answer:
The correct answer is B
Explanation:
Retention of the employee comprise the various steps which is to be taken in order to retain the employee who wishes to move on. The employee need to find his job challenging and as per the interest at work and stay or retain with the firm or business for the longer period of time.
So, if there is lower in the rate of employee attrition by using the technique of the retention and motivation, the valid and correct criticism for this objective is that it does not provide or offer the time frame for accomplishing the objectives.
Answer:
so cost of capital = 9.9 %
correct option is a 9.9%
Explanation:
given data
capital structure = 40%
common equity = 60%
tax rate = 34%
pretax cost = 8.5%
pretax cost = 10%
market price = $59
Flotation costs = $3 per share
common stock dividend = $3.15
Dividends expected to grow = 7%
to find out
cost of capital if the firm uses bank loans and retained earnings
solution
cost of retained earning = 
+ growth rate ........................1
cost of retained earning = 
+ 0.07
cost of retained earning =0.1271271186
and
cost of capital will be
cost of capital = weight for debit × ( cost of debit × ( 1 - tax rate ) ) + weight for common stock × cost of common stock
cost of capital = 0.40 × ( 8.5% × ( 1 - 0.34 ) ) + 0.60 × 0.1271271186
cost of capital = 0.0987
so cost of capital = 9.9 %
correct option is a 9.9%
Answer:
(D) 7 percent
Explanation:
Nominal interest rate is approximately equal to real interest rate + inflation rate
= 4% + 3%
= 7%.
Thus, the minimum nominal interest rate that Kaitlin would be willing to accept from her local bank is 7%.
Answer:
Education demand is elastic as compared to salt demand which is highly inelastic.
Explanation:
Elasticity of demand is a measure of the responsiveness of the demand of a good or service relative to it's corresponding change in price. A demand curve can be used to determine the degree of elasticity. A demand curve is a graphical representation of how price varies with quantity of goods and services demanded. The quantity of goods demanded is plotted on the horizontal axis of the graph with the corresponding price plotted on the vertical axis of the graph. With the graph, the elasticity of demand can be calculated. The formula for determining elasticity for demand is;
ED=Q/P
where;
ED=elasticity of demand
Q=percentage change in quantity demanded, where
Q={(Q2-Q1)/Q1}×100
Q2=quantity demanded when price is P2
Q1=quantity demanded when price is P1
P=percentage change in price, where;
P={(P2-P1)/P1}×100
P2=final price
P1=initial price
The formula above can be used to determine the degree of elasticity of a good or service as shown;
If the price elasticity of demand is greater than 1, then the demand is elastic. Meaning the demand is very sensitive to changes in price. This usually happens on goods and services that are wants rather than needs. Wants are luxuries that most people can do without or can find cheaper alternatives while needs are goods that most people can't do without.
If the price elasticity of demand is less than 1, then the good or service is inelastic. Meaning the demand is not very sensitive to changes in price. This usually happens on goods and services that are needs. Needs are goods and services that most people cannot do without.
In our case, salt is a need that most people cannot do without, therefor inelastic. However, quantity of education in private universities is highly elastic since there are many alternatives like public universities that are much cheaper compared to private universities. So a change in price will affect the quantity of demand.
