AnswersAdvanced Financial AlgebraBusiness Finance and Economics

Business Finance and Economics — Test Answers

25 verified answers1 views
21
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If EcoClean Services pays off $50,000 of its liabilities, what will be the new worth?

A
$250,000
B
$200,000
C
$400,000
D
$450,000
22
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What are the break-even points?

A
(0, 0) and (40, 400)
B
(0, 0) and (25, 625)
C
(5, 225) and (25, 625)
D
(5, 225) and (40, 400)
23

The company earns $⁢60 for each gadget and $⁢90 for each widget. At which point is the maximum profit achieved?

A
(4, 5)
B
(2, 2)
C
(3, 5)
D
(5, 4)
24

What action could AquaPure Water Systems take to improve its financial health based on the trends shown in the graph?

A
continue with the current business strategy
B
stop investing in product development
C
increase marketing efforts to boost sales and revenue
D
increase expenses without increasing revenue
25

If the government sets a price ceiling of $3 in the laptop market after the demand has shifted left due to the rising popularity of tablets, what is the likely impact on the laptop market?

A
There will be a laptop surplus.
B
The laptop supply will increase to meet demand.
C
There will be a laptop shortage.
D
There will be no effect on the market

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