Suppose the demand function is qxd = 100 − 8px 6py − m. if px = $4, py = $2, and m = $10, what is the cross-price elasticity of good x with respect to the price of good y?
Answers
The cross-price elasticity of good x with respect to the price of good y is approximately 0.17.
To calculate the cross-price elasticity of good x (qxd) with respect to the price of good y (py), we need to use the following formula:
Cross-price elasticity = (% change in quantity demanded of good x) / (% change in price of good y)
Given the demand function qxd = 100 - 8px + 6py - m, we can substitute the given values px = $4, py = $2, and m = $10:
qxd = 100 - 8(4) + 6(2) - 10
= 100 - 32 + 12 - 10
= 70
Now, let's calculate the cross-price elasticity. We will consider a small percentage change in py, let's say a 1% increase in py:
New py = $2 + 1% of $2
= $2 + $0.02
= $2.02
Now, we calculate the new quantity demanded qxd with the new py:
New qxd = 100 - 8px + 6(2.02) - 10
= 100 - 8(4) + 12.12 - 10
= 100 - 32 + 12.12 - 10
= 70.12
Using the formula for percentage change, we can calculate the percentage change in quantity demanded:
% change in quantity demanded = ((New qxd - Old qxd) / Old qxd) * 100
% change in quantity demanded = ((70.12 - 70) / 70) * 100
= (0.12 / 70) * 100
≈ 0.17%
Next, let's calculate the percentage change in the price of good y:
% change in price of good y = ((New py - Old py) / Old py) * 100
% change in price of good y = ((2.02 - 2) / 2) * 100
= (0.02 / 2) * 100
= 1%
Finally, we can calculate the cross-price elasticity:
Cross-price elasticity = (% change in quantity demanded of good x) / (% change in price of good y)
= (0.17% / 1%)
= 0.17
Therefore, the cross-price elasticity of good x with respect to the price of good y is approximately 0.17.
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Related Questions
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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mutual promises to marry fall within the statute of frauds. a) true. b) false.
Answers
The statement is true because mutual promises to marry fall within the statute of frauds.
The statute of frauds is a legal principle that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable. This requirement is meant to prevent fraudulent acts and misunderstandings in the execution of certain types of contracts.
In many jurisdictions, agreements to marry or mutual promises to marry are included within the statute of frauds, as they are considered significant life events with potential financial and legal implications. Therefore, such promises must be in writing and signed by both parties to be legally enforceable.
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Which view best summarize the research of Amitai Etzioni and behavioral economist as described by Trevino and Nelson?
Group of answer choices
O Self-interested morality leads to altruism
O Human always act in their self-interest
O Humans actions have two sources: self-interest and moral commitments
O Morality is nothing more than self-interest
Answers
Self-interested morality leads to altruism best summarize the research of Amitai Etzioni and behavioral economist as described by Trevino and Nelson
The view that best summarizes the research of Amitai Etzioni and behavioral economist as described by Trevino and Nelson is that "Humans actions have two sources: self-interest and moral commitments."
According to Etzioni and behavioral economist, individuals are not solely motivated by self-interest, but also by their moral commitments and values.
These moral commitments can often override self-interest, leading individuals to act in ways that benefit others or society as a whole. Therefore, it is important to consider both self-interest and moral commitments when analyzing human behavior.
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Business Database Design & Management [ASSIGNMENT 04] Overview According to the Humane Society, there are approximately 3,500 physical animal shelters in the United States. Collectively, these animal shelters provide care and temporary homes for six to eight million dogs and cats each year. Without these animal shelters, all of these animals would be homeless. Unfortunately, many animal shelters are poorly funded and cannot afford to create websites or apps that might help their animals to be adopted. In light of this situation, a philanthropic animal rescue organization wishes to create a universal website and mobile app that small animal shelters can use for free in order to help pets find permanent homes. The proposed website and mobile app will rely on a single, centralized relational database, and your task for this assignment is to design this database. Details After conducting a thorough requirements analysis, the philanthropic organization has identified the following information to help you design its database: • Pets are housed and cared for in animal shelters, with each animal shelter providing a temporary home for many pets. Each animal shelter has a name, phone number, and plus code that people can use to locate the shelter (see the following article if you're unfamiliar with plus codes: https://en.wikipedia.org/wiki/Open Location Code). • Each pet has a name, age, gender, description, and adoption date. The adoption date will be empty (i.e., NULL) if a pet has not yet been adopted. You may assume that each pet can be adopted a maximum of one time. • There can be many photos of each pet. The database needs to be able to store both the binary image data and a textual caption for each photo. • Each pet belongs to one or more breeds (e.g., Calico, Russian Blue, Golden Retriever, German Shepard, etc.) and each breed has a name and a description. • Each breed is associated with a particular species (e.g., cat, dog, bird, reptile, etc.) and the database needs to be able to store each species's name and description. Although each breed is associated with just one animal species, each species can have many breeds (e.g., there are many breeds of cats, many breeds of dogs, etc.). • Pets are adopted by human pet parents, each of whom has a name, phone number, and email address. Each pet parent may adopt many pets and each pet may be adopted by many pet parents (e.g., by all of the members of a family). Tasks Your tasks for this assignment are to: 1. Create a complete entity-relationship data model using Draw.io (https://draw.io) that depicts all of the entities, attributes, relationships, and cardinalities that are necessary to support all of the considerations noted above. Your solution should be fully normalized (in third normal form [3NF] or above). Please use crow's foot symbols to depict cardinalities. Please watch the "Creating Entity-Relationship Diagrams using Draw.io" video on the course website to learn how to draw ERDs using Draw.io. 2. Keep a record of any assumptions that you made in arriving at your final data model. You are not required to report any assumptions, but if you do I will consider them when evaluating your entity-relationship diagram.
Answers
Entity-relationship diagram (ERD) is a data modeling method that visually displays relationships between database entities, attributes, and tables. An ERD is often used in business analysis and application development.
This article provides instructions for creating an ERD for a database that will be used to help pets find permanent homes, based on the requirements provided by the philanthropic animal rescue organization.
ERD entities: The following are the entities that need to be depicted in the ERD: Animals, animal shelter, breed, species, and pet parent. ERD attributes: The attributes for each entity can be identified from the problem description provided.
ERD relationships: ERD relationships represent how the entities are connected. For instance, a pet can be housed in only one animal shelter at a time, and an animal shelter can house many pets over time.
Therefore, the Animal Shelter entity has a one-to-many relationship with the Animals entity. Also, a Pet Parent can adopt many pets, and a pet may be adopted by many Pet Parents. The ERD should depict this many-to-many relationship between the Pet Parent and the Animals entities.
Finally, the Species entity has a one-to-many relationship with the Breed entity, but a Breed can only be associated with one Species.
Thus, the Breed entity has a many-to-one relationship with the Species entity. Assumptions that may be made include the number of columns in a table, the data type of the columns, the table names, and so on.
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Devonte is balancing his checking account. His account statement does not include a deposit of $107.00 that he made on November 1st. What is Devonte’s actual account balance?
Answers
Answer:
✓ $1,330.26
Explanation:
Answer:
$1,330.26
Explanation:
Q1. This organizational structure violates the unity of
command principles because of dual reporting
relationship.
A. Functional organization
B. Line type organization
C. Matrix organization
D. Network organization
Q2. It is a collection of independent, mostly single
function enterprises that collaborate on a good
or service.
A. Divisional organization
B. Functional organization
C. Matrix organization
D. Network organization
Answers
Q1. This organizational structure violates the unity of command principles because of dual reporting relationship.
Q2. It is a collection of independent, mostly single function enterprises that collaborate on a good or service.
Answer:C. Matrix Organization A. Divisional Organization Explanation:That's my opinion and I hope it helps ^_^
#CARRYONLEARNING #STUDYWELLtrue or false: in a mortgage sale with recourse, the mortgage loan is removed from the seller's balance sheet permanently.
Answers
The statement in a mortgage sale with recourse, the mortgage loan is not removed from the seller's balance sheet permanently is: False.
What is mortgage sale?
In a mortgage sale with recourse, the seller (typically a bank or mortgage lender) sells a mortgage loan to a buyer (often another financial institution or investment firm) but retains the responsibility to repurchase the loan if the borrower defaults on their payments. This means that if the borrower defaults, the buyer can require the seller to buy back the loan at a previously agreed-upon price.
Since the seller remains responsible for the loan in the event of default, the loan is not removed from their balance sheet permanently. The seller may be required to set aside reserves to cover the potential repurchase of the loan in case of default, and the loan will continue to appear on their balance sheet until it is repurchased or the terms of the agreement expire.
Therefore, the statement "in a mortgage sale with recourse, the mortgage loan is removed from the seller's balance sheet permanently" is false.
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Strategic positioning attempts to achieve sustainable competitive advantage by preserving what is distinctive about a company. It means performing different activities from your rivals, or performing similar activities in a different way.A candy manufacturer named Sweet Tooth is facing declines in sales and executives are meeting to discuss the situation. Different strategies emerge, but the Chief Strategy Officer struggles with which one to pursue. How do you think he is handling the situation? How would you?Muhammad advocates for a completely new identity for Sweet Tooth. This would require starting from what step in the strategic-management process?Multiple Choicea) Assess the current reality. is Incorrectb) Maintain strategic control.c) Formulate corporate, business, and functional strategies.d) Establish the mission, vision, and values statements.e) Execute the strategy.
Answers
Establish the mission, vision, and values statements step in the strategic-management process. Thus, option (d) is correct.
What is strategic-management?The term strategic-management refers to the part of the management. Strategic management was the modification of the business environment. Strategic management process was the planning, observation, investigation, and classification.
Strategic management was the important process is the mission, vision, and values. It was the used the mission, vision, and values was the new identity of the Sweet Tooth.
As a result, the conclusion of the mission, vision, and values was the role in strategic-management process are the aforementioned. Therefore, option (d) is correct.
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the value of a firm will blank when the firm first uses leverage if we assume that there are no bankruptcy costs.
Answers
The value of a firm will increase when the firm first uses leverage if we assume that there are no bankruptcy cost.
Companies that are unable to pay their debts may have very few options for the future. The legal process of releasing a business from debts and other obligations while providing creditors with a chance to be paid back may be one of those options. This process is known as bankruptcy. Bankruptcy can provide businesses with a fresh start even though it is a last resort.
When a business has significantly more debt than equity, bankruptcy frequently results. There are risks associated with debt, even though it may be a good way for a company to finance its operations.
The overall capital structure of a company may be weakened by bankruptcy expenses, which include legal costs.
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the red bud company pays a constant dividend of $3.00 a share. the company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently. what is one share of this stock worth today if the required rate of return is 8.6 percent?
Answers
The worth of each share of Red Bud Company is $5.30 at a constant dividend of $3 a share.
A dividend is the distribution of a portion of an enterprise's profits to a number of its stockholders. Declarations of dividend payouts have an effect on stock prices because they can cause them to increase or decrease.
The stock has discontinued dividends, so there is no perpetual payment.
The discount rate utilized for discounting dividends is 8.6%.
Computing the worth of each share:
Worth of stock today = Dividend/(1+Rate of return)^1+Dividend/(1+Rate of return)^2+Dividend/(1+Rate of return)^number of periods
=$3.00(1+8.6%)1+$3.00(1+8.6%)2
=$2.76 + $2.56
= $5.30
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higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answers
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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Customers are so used to misleading advertising that it does not infuriate them anymore.
a. True
b. False.
Answers
It is False to say that Customers are so used to misleading advertising that it does not infuriate them anymore. Customers do get infuriated by these misleading advertisements.
Advertising that contains false or deceptive information is considered misleading under consumer law. Advertising can also be deceptive if key details are omitted. Manufacturers, distributors, and retailers all make claims to consumers that constitute deceptive advertising. The content of advertisements, catalogs, websites, social media, etc.
These days with the help of social media it is very easy to identify misleading advertisements and it can impact the brand image of the company, people will tend to voice their opinion against any such activity rather than just sitting back.
When you engage in false advertising, your consumers will perceive you as untrustworthy. Both the customers you already have and any potential new customers will tend to feel like you betrayed them and take their business elsewhere. Your customers won't be loyal anymore and that will ruin your business.
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If you were describing the layout of Charleston, you would most likely use the _____ organizational pattern.
Answers
The best organizational pattern to use when describing the layout of Charleston is spatial development because it will trace the origin of the layout.
What is an organizational pattern?An organizational pattern refers to a process that assists in structuring and organizing of one's thoughts, speech, ideas or presentation for an optimal impact on the audience.
Some type of organizational pattern includes:
chronological orderorder of importancecompare and contrastcause and effectbiographicalspatial developmentIn conclusion, the best organizational pattern to use when describing the layout of Charleston is spatial development because it will trace the origin of the layout.
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The ________ discipline provides an account of how and why people do act the way they do.
Answers
The Descriptive discipline provides an account of how and why people do act the way they do.
The discipline gives people the rules to live efficaciously and efficaciously. The concept is that the ones who've been subject of their lives are capable of making small sacrifices within the gift for a better existence within the destiny. give humans rules.
if you have discipline in your life, you can make small sacrifices within the gift for a higher life in the future. subject creates habits, conduct creates routines, and exercises grow to be your day.
An instance of field is the timeout for a kid who has just pushed a sibling. A nation of order based on submission to authority.
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To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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Define direct advertising
Answers
Answer:
Explanation:
Direct marketing is a form of communicating an offer, where organizations communicate directly to a pre-selected customer and supply a method for a direct response. Among practitioners, it is also known as direct response marketing. By contrast, advertising is of a mass-message nature.
(2.04) Which type of market has the least competition?
a) Oligopoly
b) Monopoly
c) Pure competition
d) Monopolistic competition
Answers
The type of market that has the least competition is B. Monopoly.
What happens in a monopoly?A monopoly sets its own price rather than accepting the market price as given. In order to make the most profit feasible, it chooses from its demand curve the price that corresponds to the quantity the firm has decided to produce. the establishment of new businesses.
A single seller of commodities is created in a monopoly market by variables such as a government license, resource ownership, copyright, patent, and high entry costs. These characteristics collectively prevent other sellers from entering the market. Monopolies also have access to information that other merchants do not.
Monopolies are typically highly profitable when there is no significant competition. While businesses compete constantly to gain market share, obtaining actual monopoly status is difficult.
This shows that monopolies have the least amount of competition in them, with a single firm basically controlling the market.
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time is limeted
Which of the following steps should you take after attending a college fair?
A. Take a break from dealing with colleges for two weeks.
B. Call every college that was represented at the college fair.
C. Make a decision about which college to attend that night.
D. Continue to research colleges on your own.
Answers
Answer:
D
Explanation:
The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.
What is research?Research can be defined as "creative and methodical activity done to improve the body of knowledge."
It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.
Therefore, The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.
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Suppose you are going to a film festival. The admission price is $20 and you can view each film in the festival for $1 per film. The cost of viewing the first film is
Answers
The cost of viewing the first film is $1 and the total cost spent to watch the film in the festival equals $21.
What is a cost?This refers to the amount that is expended on an activities such as expenses, manufacturing, purchase of goods.
Given data
Cost of admssion to the festival is $20
Cost of a viewing a film is $1
In conclusion, the cost of viewing the first film is $1 and the total cost spent to watch the film in the festival equals $21.
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IF YOU WANT TO BE A VET READ THIS!!!
Requierments:
- They never take students who do not have straight A's, so keep working hard!!
- To go into collage you must have at least 2 years of language (this doesn't mean you have to be fluent or even know it, its just good for applications)
- Have volunteer hours
- Have a clean slate, no laws broken, detentions, etc... (just show your a good person)
- Have good credits
And of course much more, but those are just the basics.
PET VETS:
College: 8+ years
Average Wage: $100,000-$110,000+ yearly
Aedemics: D.V.M or V.D.M
FARM VETS:
College: 6+ years
Average Wage: $100,000-$105,000+ yearly
Aedemics: D.V.M or V.D.M
ZOO VETS:
College: 6+ years
Average Wage: $86,757-$104,000+ yearly
Aedemics: D.V.M or V.D.M
AQUATIC VETS:
College: 8+ years
Wage: $90,000-$100,000+ yearly
Aedemics: D.V.M or V.D.M
I hope this helps you!
Please answer in the vet proffession that you would like and your favorite animal in that group and why!
PLEASE DO NOT REPORT!! I know this isn't a question but it is important information i find interesting to share!
Have a great day!
Answers
The fundamental reason a single-price monopoly creates a efficient outcome, the single-price monopoly A) raises variable cost B) raises fixed cost. C) restricts output. D) reduces the elasticity of demand.
Answers
A single-price monopoly's output restrictions are the key mechanism through which it produces an efficient result.
Is the single-price monopoly's result efficient?The price, PM, which is equal to the marginal benefit, exceeds the marginal cost in a single-price monopoly, making the equilibrium quantity, QM, inefficient. There is a deadweight loss due to underproduction.
If a perfectly competitive market with the same costs is compared to a single price monopoly, which is better?If a completely competitive industry with the same expenses is compared to a single-price monopoly: A. Compared to an industry with complete competition, the output and price of the monopoly are higher and lower, respectively.
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An agent is discussing an equity index annuity purchase with a client. The agent explains that there are several which she feels are equally suitable for the client, but one of the companies is offering a trip for 2 to Las Vegas for reaching certain sales goals. She continues by stating that this sale will put her over the goal and win her the trip. If the client purchases that annuity, the agent
A) will probably be disciplined for failure to disclose the potential conflict of interest
B) should pack her bags for the trip; she earned it
C) should only sell what is suitable for the client based on all available information
D) should pack her bags and leave the firm before the compliance department learns of her actions
Answers
Answer:
B) should pack her bags for the trip; she earned it
Explanation:
In this scenario, it can be said that if the client purchases that annuity, the agent should pack her bags for the trip; she earned it. Since the annuity that has been recommended by the agent is offering her an incentive, and the agent fully disclosed that fact to the client, then she did her duty correctly. In the case that the client decides to purchase the annuity, they do so with full knowledge of the potential conflict of interest.
Which is a benefit of entrepreneurship?
A. Doing what you love
B. Easy to start a business
C. Safety nets in case you fail
D. Getting help from others
Answers
Answer:
A. Doing what you love.
Explanation:
It's not easy to start a business, most times you don't have a safety net to fall back on, and you don't typically get help from others. From process of elimination, that leaves A! Also, doing what you love is one of the best things about entrepreneurship! Hope this helped!
the financing method that involves an interest-bearing instrument, usually a loan, the payment of which is not directly related to the sales and profits of the venture is referred to as
Answers
Debt financing is a kind of financing that involves an interest-bearing instrument, usually a loan, the payment of which is not directly tied to the venture's sales and earnings.
What Exactly Is Financing?The process of supplying funds for commercial activities, purchases, or investments is known as financing. Banks and other financial institutions are in the business of providing capital to businesses, consumers, and investors to help them achieve their objectives. Financing is essential in any economic system because it allows businesses to purchase things that are out of their immediate reach. To put it another way, financing is a method of leveraging the temporal value of money (TVM) to put future predicted money flows to use for initiatives that begin now. Financing also takes advantage of the fact that some people in an economy will have a surplus of money they want to put to work to generate returns, while others will need money to invest, creating a market for financing.
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payback period tells the time it takes to break even in an sense. discounted payback period tells the time it takes to break even in an or financial sense. multiple choice question. accounting; accounting economic; accounting economic; economic accounting; economic
Answers
The discounted payback period tells the time it takes to break even in a financial sense.
Based on the anticipated cash flows the project will produce, the payback period calculates how long it will take for an investment to recoup its initial investment. Usually, it is represented in terms of years or months. Unfortunately, the payback period does not account for the opportunity cost of capital or the time value of money.
On the other hand, the discounted payback period accounts for the time value of money by discounting the anticipated cash flows to their current value. This enables more precise measurement of the investment's profitability and the duration needed to financially repay the initial expenditure. Based on the anticipated cash flows the project will produce, the payback period is a financial term that calculates how long it will take for an investment to recoup its initial cost. It stands for the length of time it takes an investment to "break even," in other words.
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Jacques designs and produces blankets. The selling price for each blanket is $25. Jacques spends $7.50 on the wool and thread to produce each blanket. For each blanket that Jacques produces, he pays himself $10.
What is the added value for Jacques’ blankets?
please help
Answers
Answer:
$7.50
Explanation:
Added value is the increase in value arising from the production process. It is between the price of the finished good or services and the cost of inputs.
For Jacques's blankets, the cost of inputs will be labor plus materials.
=$7.50 + $10 = $17.50
The selling price is $25.
Added value
= $25- $17.50
=$7.50
Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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hurry please i need the answer im on a quiz
Answers
The transcontinental railroad change life for people in the United States because it became much easier to travel from the east to the west.
What is transcontinental railroad?
Contiguous railroad trackage that spans a continental land mass and has terminals at various oceans or continental borders is known as a transcontinental railroad or transcontinental railway. Such networks can be over lines that are owned or controlled by a single railroad, a network of railroad companies, or both along a continuous path.
Although there are railroads all over Europe, they are typically not regarded as transcontinental, with the potential exception of the legendary Orient Express.
Transcontinental railroads made it possible to explore and settle previously unreachable uninhabited interior areas of continents.
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ETHICS The Dannemans bought a Kodak copier worth over $40,000. Kodak arranged financing by GECC and assigned its rights to that company. Although the Dannemans thought they had purchased the copier on credit, the papers described the deal as a lease. The Dannemans had constant problems with the machine and stopped making payments. GECC repossessed the machine and, without notifying the Dannemans, sold it back to Kodak for $12,500, leaving a deficiency of $39,927. GECC sued the Dannemans for that amount. The Dannemans argued that the deal was not a lease, but a sale on credit. Why does it matter whether the parties had a sale or a lease? Is GECC entitled to its money? Finally, comment on the ethics. Why did the Dannemans not understand the papers they had signed? Who is responsible for that? Are you satisfied with the ethical conduct of the Dannemans? Kodak? GECC?
Answers
Whether the parties had a sale or a lease matters because the legal and financial implications of these transactions are very different. In a sale, the buyer takes ownership of the asset immediately, while in a lease, the lessee only has the right to use the asset for a certain period of time.
In this case, if the transaction was a sale, the Dannemans would have owned the copier, but if it was a lease, they would have only had the right to use it.
GECC is entitled to its money if the transaction was indeed a lease, and the Dannemans were in breach of the lease agreement by stopping their payments. However, if the transaction was a sale, then the Dannemans would not be liable for any deficiency.
The fact that the Dannemans did not understand the papers they signed raises questions about the ethics of the situation. It is possible that the paperwork was intentionally misleading or confusing, which would be unethical behavior on the part of Kodak or GECC. Alternatively, it could be argued that the Dannemans should have taken more care in understanding the terms of the agreement before signing it.
Overall, it is difficult to determine who is responsible for the ethical issues in this case without knowing more details about the situation. However, it does seem clear that there were problems with the way the transaction was structured and communicated, which led to misunderstandings and financial difficulties for the Dannemans.
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chegg we can imagine the financial manager doing several things on behalf of the firm’s stockholders. for example, the manager might do the following:
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As a financial manager, there are several tasks and responsibilities that can be performed on behalf of a firm's stockholders.
Some examples include:
Capital Budgeting: The financial manager plays a crucial role in analyzing and evaluating investment opportunities.
Financial Planning and Forecasting: The financial manager is responsible for developing financial plans and forecasts for the company.
Capital Structure Management: The financial manager analyzes and determines the optimal mix of debt and equity financing for the firm.
Dividend Policy: The financial manager plays a role in establishing the firm's dividend policy.
Risk Management: The financial manager identifies and manages financial risks that can impact the firm's value and stockholders' investments.
Financial Reporting and Analysis: The financial manager ensures accurate and timely financial reporting to stockholders and other stakeholders.
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