Answered: As part of its environmental strategy,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 4P

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1. As part of its environmental strategy, the Antland government wishes to reduce the annual consumption of coal- fired electricity by 5%. Antland government economists have analysed data which reveal that the price elasticity of demand for coal-fired electricity is -0.4. Consequently, to achieve its target the Antland government should

A reduce the price of coa-fired electricity by 12.5%

reduce the price al coal-fred electricity by 2%
raise the price or coa-fired electricity by 12.5%
raise the price of coal-fired electricity by 2%

2. A consultant has made two statements about the responsibility of a professional accountant to act om the public interest:

Satisfying the needs of their clients means that a professional accountant in public practice has fulfilled their responsibility to act in the public interest
As part of their public interest responsibility, professional accountants must report acts misconduct which they encounter

Are these statements accurate or inaccurate?

Both statements are accurate
Only Statement 1 is accurate
Only Statement 2 is accurate
Neither statement is accurate

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