Categories
Resources for Accountants

Cross Price Elasticity of Demand – Meaning, Formula, Examples | How to Calculate? [Video]

Cross Price Elasticity of Demand – Meaning, Formula, Examples | How to Calculate?

In this video tutorial, we learn what is cross-price elasticity, its formula along with calculation examples and downloadable excel template.

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐‚๐ซ๐จ๐ฌ๐ฌ ๐๐ซ๐ข๐œ๐ž ๐„๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐ƒ๐ž๐ฆ๐š๐ง๐?
————————————————————————–

Cross Price Elasticity of Demand measures price-to-demand relation i.e change in the quantity demanded by one product with a change in the price of the second product where, if both products are substitutes, it will show a positive cross elasticity of demand.

๐…๐จ๐ซ๐ฆ๐ฎ๐ฅ๐š
————————————————————————–

The cross-price elasticity of demand is represented as follows,

Formula = (โˆ†QX/QX) รท (โˆ†PY/PY)

Further the formula is elaborated as follows,

Formula = (Q1X โ€“ Q0X) / (Q1X + Q0X) รท (P1Y โ€“ P0Y) / (P1Y + P0Y),

๐„๐ฑ๐š๐ฆ๐ฉ๐ฅ๐ž
————————————————————————–

Let us take the simple example of gasoline and passenger vehicles. Now let us assume that a surge of 60% in gasoline price resulted in a decline in the purchase of passenger vehicles by 15%. Calculate the cross-price elasticity of demand in this case.

Given,

Percentage Change in Quantity of Passenger Vehicles =.-15%
Percentage Change in Price of Gasoline =60%

Using above formula we get,

= -15% /60%
= -25%

To know more about the ๐‚๐ซ๐จ๐ฌ๐ฌ ๐๐ซ๐ข๐œ๐ž ๐„๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐ƒ๐ž๐ฆ๐š๐ง๐, you can go to this ๐ฅ๐ข๐ง๐ค ๐ก๐ž๐ซ๐ž:- https://www.wallstreetmojo.com/cross-price-elasticity-of-demand/

Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe – https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1

Watch/Read More
Categories
Resources for Accountants

3 Theories Explaining the Shape of the Yield Curve [Video]

There are three theories to explain the shape of the yield curve. Expectation theory says the long-term yield of a financial instrument is the average of the short-term yields that are expected to occur over the life of the instrument. Thus: โ€ข An upward yield curve means investors expect short-term yields to rise in the future โ€ข A downward yield curve means investors expect short-term yields to decline in the futureThe yield curve, therefore, changes as investorsโ€™ expectations about future short-term yields change. This explains why yields with different maturities tend to move together. Market segmentation theory says that yields for different terms are based on supply and demand. In short, some investors have a preference for financial instruments with a certain maturity, and these preferences determine yields. The downside of market segmentation theory is that it fails to explain why yields with different maturities tend to move together.Liquidity premium theory is a combination of expectations theory and market segmentation theory. According to this theory, the long-term yield is the average of short-term yields throughout the life of the bond plus a liquidity premium that represents the supply and demand for bonds at that term.โ€” Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspiraโ€™s mission is to make a high-quality business education accessible to all people. โ€” SUBSCRIBE FOR FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* http://eepurl.com/dIaa5z โ€” HIRE MICHAEL MCLAUGHLIN, PHD, CPA* https://michaelmclaughlin.com/hire-meโ€” GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT* https://edspira.thinkific.comโ€”LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc* Website: https://www.edspira.com/podcast-2/โ€”GET TAX TIPS ON TIKTOK* https://www.tiktok.com/@prof_mclaughlinโ€”ACCESS INDEX OF VIDEOS* https://www.edspira.com/indexโ€”CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira* Instagram: https://www.instagram.com/edspiradotcom* LinkedIn: https://www.linkedin.com/company/edspiraโ€”CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlinโ€”ABOUT EDSPIRA AND ITS CREATOR* https://www.edspira.com/about/

Categories
Resources for Accountants

Career Prospects for Accounting Students [Video]

Are you considering a career in accounting? This video tackles the burning question: does accounting have a good future?We delve into the high demand for accountants in the US, exploring reasons for the current shortage:Burnout from long hours in public accounting, pushing professionals to greener pastures.Attractive salaries in finance and tech luring college graduates away from accounting majors.Perceptions of accounting as boring and monotonous contributing to declining interest.Despite these challenges, the current outlook remains positive for accountants, with job openings projected to grow, even as the profession evolves.Watch this video for:- Insights into the demand for accountants- Understanding the reasons behind the shortage- Weighing the pros and cons of a career in accountingWhether you're a student pondering your future or a professional considering a career change, this video offers valuable information to help you make an informed decision.0:00 Introduction0:24 The demand for accountants1:33 Reasons for the shortage of accountants3:06 How technology might affect the demand for accountantsโ€” Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspiraโ€™s mission is to make a high-quality business education freely available to the world.โ€” SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: โ€ข A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTINGโ€ข A 44-PAGE GUIDE TO U.S. TAXATIONโ€ข A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSISโ€ข MANY MORE FREE PDF GUIDES AND SPREADSHEETS* http://eepurl.com/dIaa5zโ€” SUPPORT EDSPIRA ON PATREON*https://www.patreon.com/prof_mclaughlinโ€” GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com โ€” LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ โ€” GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin โ€” ACCESS INDEX OF VIDEOS * https://www.edspira.com/index โ€” CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira โ€” CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin โ€” ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/* https://michaelmclaughlin.com

Categories
Resources for Accountants

All of the Balance Sheet Ratios for Financial Analysts [Video]

Over the last year Iโ€™ve made multiple videos talking about how to measure balance sheet KPIs or we also refer to them as financial ratios.And today I wanted to put these all together in one video, so you can come out of it feeling super confident in your ability not only to calculate these rations, but more importantly how to read and interpret them๐Ÿ“ˆGet My โ€œController KPI Dashboardโ€ (Excel + Course) with the most important P&L and Balance Sheet KPIs:โ€‹https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-businessโ€‹๐Ÿ“ˆ Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS (code: Save25)https://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_out๐Ÿ”ฅEnroll in my online course โ€œNight Before the Accounting Interview Guideโ€ including All Levels Q&A๐Ÿ”ฅ:https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels------------------------------------------------------------------โšช๏ธ ๐Ÿง  Roger CPA Review Course (get 50% off - Highly recommended): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโšช๏ธ ๐Ÿ“š Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537---------------------------------------------------------------------Hang Out with me on social media:๐Ÿ“ธ https://www.instagram.com/the_financial_controller/๐Ÿ“ฑhttps://www.tiktok.com/@thefinancialcontroller๐Ÿ™‹๐Ÿผโ€โ™‚๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice

Categories
Resources for Accountants

Accounting Jobs At Amazon | Job Duties, Qualifications & Salaries [Video]

Amazon offers a variety of Accounting and Finance positions for qualified candidates. In this video I review 3 different Accounting jobs with their duties, qualifications, and compensation. Videos mentioned in this episode:My video on making the move from Accounting to Finance:https://youtu.be/UXz2nw2kDbUMy video on US GAAP:https://youtu.be/Yy2y_tfqKdcMy video on benefits of working at a Big 4:https://youtu.be/afL2OmCUiA0My video on VAT vs. Sales Tax:https://youtu.be/TVhhQH7PXZkMy Best-Selling Products:Get My โ€œNight Before the Accounting Interview Guideโ€ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐Ÿ“ˆ Get $25 off MY ONLINE COURSE ON FINANCIAL METRICShttps://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outUse Coupon Code: Save25-------------------------------------------------------------------My Recommended Products (I will only share what I love โค here)โšช๏ธ ๐Ÿง  Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโšช๏ธ ๐Ÿ“š Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐Ÿ“š+๐Ÿง =๐Ÿ’ฅโšช๏ธ Auditing: https://amzn.to/361wJhZโšช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโšช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโšช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4---------------------------------------------------------------------Hang Out with me on social media:๐Ÿ“ฑhttps://www.tiktok.com/@thefinancialcontroller๐Ÿ™‹๐Ÿผโ€โ™‚๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐Ÿ“ธ https://www.instagram.com/the_financial_controller/DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice.