Answer:
-2
Explanation:
To find the cross price elasticity between to goods, we use this formula:
Cross Price Elasticity of Demand = % change in quantity demanded of good 1 / % change in the price of good 2
Now, we plug the amounts into the formula
Cross Price Elasticity of Demand = -50% / 25%
= -2
Answer:
Purple Turtle Group
The cost per period of the trade credit extended to Purple Turtle, rounded to two decimal places, is:______
30%
Explanation:
a) Data and Calculations:
Credit terms = 4/10, net 60
The credit terms imply that the customer allows Purple Turtle Group 4% if it pays within 10 days, and the maximum period of the credit is 60 days.
Computing the difference between discount period and credit period = 60 - 10 = 50 days
Dividing number of days in a year by the above difference = 360/50 = 7.2
7.2 will be used to annualized the discount rate below.
Computing the difference between discount rate and 100% = 96%
Therefore, interest rate offered to customers = 4%/96% = 0.0417
The effective interest rate = 7.2 * 0.0417 = 0.30 = 30%
I think the correct answer is d
Answer:
<u>Rogue </u>
Explanation:
A nation which does not believe in harmony or disregards and disrespects other nations via it's international acts, is termed as a rogue nation.
The word "rogue' relates to deception and mischief. There are nations which are home to terrorist activities and provide shelter to terrorists, fund terrorist organizations with an objective to dominate the world or in a bid to appear as the superpower.
One of the prominent traits of such nations being, persistent violent activities within and violation of human rights.
Answer:
B. $390,000
Explanation:
Land Value + (Cost New – Accumulated Depreciation) = Property Value
100,000 + (350,000 - 60,000) = Property Value
100,000 + 290,000 = Property Value
$390,000 = Property Value
