When demand is ________, increases in price result in increases in total revenues, while decreases in price result in decreases in total revenue
A) elastic
B) inelastic
C) flexible
D) supply-driven
E) cross-elastic
B
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All other things held constant, the present value of a given annual annuity increases as the number of periods per year increases.
Answer the following statement true (T) or false (F)
Critics point to which of the following factors when they accuse marketing of harming consumers through high prices?
A) quotas B) nontrade tariffs C) excessive markups D) government taxes E) changes in currency values
The stockholders' equity section of the December 31, 2014, balance sheet is provided below
Common Stock, $30 par, 20,000 shares issued and outstanding $600,000 Paid-in Capital in Excess of Par--Common Stock 240,000 Retained Earnings 700,000 Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of stock that was issued as of December 31, 2014, was issued for $42 per share. On March 1, 2015, the company reacquired 4,000 shares of its common stock for $50 per share. Refer to Ladder Distributors. How much should be reported on the company's March 31, 2015, balance sheet for treasury stock? a. $168,000 b. $32,000 c. $128,000 d. $200,000
Financial information for Retro Designs includes the following selected data: Net income (in millions)$175 Preferred stock dividends (in millions)$25 Average common shares outstanding (in millions) 250 Stock price$10.00 What is the company's earnings per share?
A. $0.60. B. $0.70. C. $0.05. D. $0.50.