Answer: The result is -2.42
Explanation:
P1 = $4 Q1 = 800
P2 = $4.50 Q2 = 600
Applying the midpoint formula, we calculate:
For price:
P2 - P1/(P2 + P1)/2
= 4.5 - 4/(4.5 + 4)/2
= 0.5/4.25
= 0.12
For quantity:
Q2 - Q1/(Q2 + Q1)/2
= 600 - 800/(600 + 800)/2
= -200/700
= -0.29
The price elasticity of demand is calculated as change in quantity/change in price
= -0.29/0.12
= -2.42.
Answer:
d. 15.09
Explanation:
425,000 sales
52,500 AR
within a year consisting of 365 days
Days Sales Outstanding
Average days late
45.09 - 30 = 15.09
on average, customers clear their payments within 45 days.
This means they are paying, on average, 15.09 days later than the given credit terms.
Answer:
$250,000
Explanation:
The down payment is calculated as the total house price minus the mortgage amount: $550,000 - $300,000 = $250,000
There seems to be an inconsistency in this question, as saving $250,000 over 5 years suggests an annual savings of about $50,000. If one could save this amount yearly, then they should be able to afford a larger mortgage. The typical 30-year mortgage carries an average APR of slightly above 4% (usually between 4.04% - 4.16%). This would result in a monthly payment of roughly $1,151 including insurance.
Thus, consider either approaching a different bank (if your income truly supports this) or looking for a less expensive home.
The distinction between loose and dense connective tissue is that loose connective tissue has significantly more space between its fibers and cells compared to dense connective tissue.
Option D
Explanation:
In animals, the two varieties of connective tissue are classified as loose and dense connective tissues.
The primary role of connective tissue is to give structural support to softer body parts. Furthermore, it aids in supplying nutrients and oxygen to the epithelial tissue of .
Elastic connective tissue contains elastic fibers, while dense connective tissue features closely packed fibers. Consequently, the main variation in extracellular matrix density between these connective tissues lies in the comparison between loose and dense binding tissue.
Answer:
The answer is C.
Explanation:
According to the provided details:
Hudson Co. is manufacturing 1,000 units of a vital component at the cost of $54,400 for direct materials, $24,000 for direct labor, $14,400 for variable overhead, and $16,000 for fixed overhead. If they opt to buy the component instead, Hudson could eliminate $9,600 of fixed overhead expenses. The company aims to reduce expenses and prefers to obtain the component externally.
Make in house:
Variable cost per unit = (54,400 + 24,000 + 14,400)/1000= 92.8
Total expenses = 92.8*1000 + 9600= $102,400
