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Furkat [3]
2 years ago
3

You and a friend go clothes shopping and find a great pair of jeans. They fit you perfectly, but they also cost $100. You are wi

lling to buy them, but you only have $50 in your wallet to spend on new clothes. Your friend likes the jeans and has the money to buy them. The jeans would count as a demand for _____.
A.) you, because you are willing to buy them and they fit you perfectly

B.) your friend, because he likes the jeans and has the money to buy them

C.) both of you, because you both like the jeans
Business
2 answers:
BigorU [14]2 years ago
7 0

the jeans would count as a demand for the friend because he has the money to get the jeans so your answer would be B


kkurt [141]2 years ago
3 0

Although you both like the jeans and would love to purchase them, only one of you has the money to actually purchase the jeans. Therefor, the answer is B. your friend, because he likes the jeans and has the money to buy them. Retailers only 'care' about the person actually making the decision to purchase and use the product. If one person does not have the money to purchase it, they don't really need to make sure that person is in demand for it.

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How much are you willing to pay for one share of LBM stock if the company just paid an annual dividend of $2.24, the dividends i
Licemer1 [7]

Answer:

$18.33

Explanation:

The company just paid an annual dividend of $2.24

The dividend increase by 2.3% annually

= 2.3/100

= 0.023

The required return is 14.8%

= 14.8/100

= 0.148

Therefore the price that will be paid for one share of LBM stock can be calculated as follows

= 2.24 × (1+0.023)/(0.148-0.023)

= 2.24 × 1.023/0.125

= 2.29153/0.125

= $18.33

Hence $18.33 will be paid for one share of LBM stock

7 0
2 years ago
To help finance a new plant, Roxxon, Inc. just sold a noncallable 40 year bond. This $1,000 par bond sells for $1,155 and has a
murzikaleks [220]

Answer:

4.96%

Explanation:

In order to determine the component after-tax cost of debt first we need to  compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:

Given that,  

Present value = $1,155

Future value or Face value = $1,000  

PMT = 1,000 × 8.25% ÷ 2 = $41.25

NPER = 40 years × 2 = 80 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

1. The pretax cost of debt is 3.54%  × 2 = 7.08%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.08% × ( 1 - 0.30)

= 4.96%

8 0
2 years ago
Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur
Oduvanchick [21]

Answer:

Option C: 8.44 times

Explanation:

Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.

As we know that Quick Ratio = [Current Assets - Inventory - Prepaid Assets] / Current Liabilities

2.00 = $79,000 - Inventory - 0] / $27,650

=> Inventory = $23,700‬

Inventory turnover ratio gives us the number of times the company sells and replaces its inventory during the period.

Annual Sales = $200,000

Inventory Turnover Ratio = Sales / Average Inventory

=> $200,000 / $23,700 => 8.44 times

8 0
2 years ago
Suppose you just found out that the $3,215 monthly malpractice insurance charge is based on an accounting allocation scheme that
RUDIKE [14]

Answer:

No, it does not bias break-even analysis as the calculation uses every activity in the hospital to get a certain amount of charge per activity. The calculations do not focus on a single activity nor is subject to a few activities but includes every activity by everyone in the hospital.

Explanation:

7 0
2 years ago
Initially, Stacy earns a salary of $300 per year and Virginia earns a salary of $200 per year. Stacy lends Virginia $100 for one
lina2011 [118]

Answer:

The answer is "$306 and $204".

Explanation:

Given value:

Stacy salary = $300

Virginia salary = $200

The nominal value is 2%

Calculating the Stacy salary = 300 \times \frac{2}{100}

                                              = 3 \times 2 \\\\ =6

\text{ Stacy salary = slaray+ percent value}

                    = \$ 300 + \$ 6\\\\= \$ 306 \\

Calculating the Virginia salary = 200 \times \frac{2}{100}

                                              = 2 \times 2 \\\\ =4

\text{ Virginia salary = slaray+ percent value}

                        = \$ 200 + \$ 4\\\\= \$ 204 \\

7 0
2 years ago
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