1. when the price of fresh fish increases 5%, quantity demanded decreases 10%. the price elasticity of demand for fresh fish is a) perfectly inelastic b) elastic c) inelastic d) unit elastic 2. the determinants of elasticity include a) availability of substitutes. b) range of defination. c) time. d) all of the above 3. cross-price elasticity of demand measures the response in the a) price of a good to a change in the quantity of another good demanded b) income of consumers to the change in the price of goods. c) quantity of one good demanded when the quantity demanded of another good changes. d) quantity of one good demanded to a change in the price of another good. 4. a value of price elasticity of demand equal to 2 means that: a) demand is relatively inelastic. b) quantity demanded falls by two times the amount of an increase in price. c) when price increases, quantity demanded increases by twice as much. d) the percentage quantity demanded falls by

Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget