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.
The dividend yield is 9.9%. Explanation: The dividend yield formula is Dividend yield = Annual dividend/stock price x 100. Here, the annual dividend totals 4 ($2.10 per quarter), equivalent to $8.40, with the stock price being $85. Hence, Dividend yield = $8.40/$85 x 100 equates to roughly 9.9%.
Answer:
Almost as many individuals utilize mobile banking as those who rely on online methods for bill payment, largely due to the convenience that both approaches offer.
Explanation:
To hypothesize involves suggesting a plausible rationale for a situation. Thus, a potential reason for the preference among many customers for online and mobile payment methods is the simplicity they present.
Some of these benefits are:
1. No more long waits in lines to settle payments with checks.
2. Transactions can be initiated from virtually anywhere and at any hour.
3. Fewer prerequisites are necessary to carry out transactions.
Tamarisk should report an inventory amount of $252,000 as of December 31. To arrive at this figure, consider the following calculation: Inventory = Stock on hand + goods acquired from Sheffield Corp + goods sold to Wildhorse Co. This gives us the calculation: $190,000 + $29,000 + $33,000 = $252,000. All relevant amounts were taken into account, including considerations for FOB destination and FOB shipping point, which contribute to the physical inventory count.
