Answer:
market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale.
Explanation:
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Answer:
(a) 62%
(b) 3.83 times
(c) Yes
Explanation:
(a) Ellie's debt ratio:
= Total Debt ÷ Total assets
= $39 million ÷ $63 million
= 0.62 or 62%
(b) Ellie's times interest earned ratio:
= Interest ÷ EBIT
= $23 million ÷ $6 million
= 3.83 times
(c) Yes, it has enough times interest ratio.
If Interest expenses increased to $7 Million, then
Company could easily raise more debt to finance additional funding needs.
Answer:
80 units
Explanation:
Given:
- Price: $25 we have: 100 units
- Price: $20, how many units to maximize the total utility
Let X is the number of units we need to find
As we know that, the law of equal-marginal utility a consumer spends his or her income among goods so that utilities receive from the amount spent is equal. So we use a simple rule of three:
$25 100 units of utility
$20 X
<=> 25X = 20*100
<=> X = 80 units
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Answer:
a) EPS 2.367 dollars
b) price-earning ratio 15
c) book value of a common share 5.33
Explanation:
a) earning per share: income / shares outstanding
2,000,000 / 750,000 = 2.67
b) price / EPS
40 / 2.67 = 15
c) We determinate this using the accounting equation:
Assets = Liab + Equity
Assets 9,000,000
Liabilities<u> 5,000,000</u>
Equity 4,000,000
equity / shares outstanding:
4,000,000 / 750,000 = 5.3333