A portfolio manager is considering adding another security to his portfolio. The correlations of the 5 alternatives available ar

Answer:

A total of 24 students is required to reach breakeven.

Explanation:

Breakeven occurs when total sales equal total expenses.

Thus,

Sales = Px * Q

Where Px represents the cost of the training session

Q denotes the number of students attending

Sales = 150Q

Cost = fixed cost + variable cost

Cost = 3000 + 25Q

Breakeven calculation

150Q = 3000 + 25Q

150Q - 25Q = 3000

125Q = 3000

Q = 3000 / 125

Q = 24

Thus, breakeven is achieved with 24 students.

Answer:

True

Explanation:

Generally Accepted Accounting Principles (GAAP) apply exclusively within the United States, while International Financial Reporting Standards (IFRS) are embraced by the majority of countries worldwide. This international alignment facilitates easier comparisons between firms and assists in global capital acquisition.

Answer: 12750

Explanation:

According to the information provided, Jake’s Cabins is a modest motel chain located close to the national parks in Utah, Wyoming, and Montana, and the recorded data for guest nights in June is as follows:

4400, 3600, 2250, 2400, and 100.

To calculate the total guest nights for June, we will sum these amounts. This calculation results in:

= 4400 + 3600 + 2250 + 2400 + 100

= 12750

Thus, the total guest nights for June amount to 12750

Answer:

a) This policy would be advantageous if the demand for sterile needles has elastic characteristics and the cross-price elasticity of demand linking drugs and sterile needles is high and

positive.

b) This policy would be unfavorable if the demand for sterile needles is characterized as inelastic while the cross-price elasticity between drugs and needles is high and

negative.

Explanation:

a) Under what conditions is this policy viewed as beneficial?

This policy is advantageous when the demand for sterile needles is elastic and the corresponding cross-price elasticity with drugs shows a positive and high relationship.

The elastic demand for sterile needles indicates that the quantity demanded increases more significantly in response to price changes.

The positive cross-price elasticity suggests that as the price of needles decreases, the demand for drugs decreases, assuming they are substitutes. Therefore, as the price of sterile needles approaches zero, the

demand for drugs diminishes.

b) Under what conditions is this policy seen negatively?

This policy turns unfavorable when the demand for sterile needles is inelastic and the cross-price elasticity relating drugs to needles is high and

negative.

An inelastic demand for sterile needles suggests the quantity demanded does not increase much with price reductions.

A negative cross-price elasticity indicates that the two products, drugs and sterile needles, are complements. Thus, as the price of sterile needles drops to zero, the demand for drugs rises.