Consuelo wrote Brad a check for $491.27, and Brad deposited the check into his checking account. Where was Consuelo's signature?

Answer:

The proportion of common stock = 45%

Explanation:

WACC represents the average expense associated with a company's long-term financing options. Each financing source is assigned a weight based on its market value as a fraction of the overall market value of the funds available.

To determine the weight of common stock, we will proceed with the following steps

below:

Step 1

Compute the total market value of all funding sources

Market value of common stock

Bonds = $990 × 1,200 = $1,188,000

Preferred Stock = $28 × 2,500 = $70,000

Common stock = $37 × 28,000 = $1,036,000

Total market value = 1,188,000 + 70,000 + 1,036,000

= $2,294,000.00

Step 2

Determine the weight of common stock

The weight of common stock = ($1,036,000 / $2,294,000.00) × 100

= 45%

The proportion of common stock = 45%

Answer:

2.33; the demand for movies is elastic

Explanation:

Below is the calculation for price elasticity of demand:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

Here, the change in quantity demanded is defined as

= Q2 - Q1

= 30 - 15

= 15

The average quantity demanded is

= (30 + 15) ÷ 2

= 22.50

The change in price is computed as

= P2 - P1

= $8 - $6

= $2

And the average price is

= ($8 + $6) ÷ 2

= 7

Thus, after computing, the result for price elasticity of demand is 2.33

As we were not instructed on the method for calculation, the mid-point formula was utilized.

From this calculation, we deduce that the demand for movies is indeed elastic.