Answer:
The numbers of product A must be sold to break-even are 800 units
Explanation:
The break-even point is calculated by using following formula:
Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = Fixed expense/weighted-average contribution margin per unit = $400,000/$100 = $4,000 units
Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%.
The numbers of product A must be sold to break-even = $4,000 x 20% = 800 units
Answer:
A. gives a reasonably correct statement of receivables in the balance sheet.
Explanation:
- As bad debts are related to the companies current assets that are receivables and are also referred to as the uncontrollable expenses and results for the nonpayment of the delivered good and the services
- Hence the correct method to show this is through the balance sheets clarify on the amounts of the outstanding accounts receivables and payment made.
Answer: b. +3; normal
Explanation:
Income elasticity measures the responsiveness of quantity demanded to a change in consumer's income. When demand for a good increases with an increase in income, it is termed as a normal good. While, when demand for a good decreases with an increase in income it is termed as an inferior good.
Using the mid-point method,
Therefore, income elasticity is 3 and the good is a normal good as rise in income increases demand.
Answer:
The correct answer is B) monopolistically competitive market.
Explanation:
Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market that have a certain power to influence the price of their product.
The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain market power, have a certain voice when it comes to setting their prices and are not merely "price-acceptors", as in the case of perfect competition. Therefore, the graphic representation of monopolistic competition will be that of the right, imperfect competition.
Explanation:
Functions of Commercial Bank:
1=Acceptance of deposits from public.
*Demand deposits.
*Fixed deposits.
*Saving deposits.
2=Advancing of loans.
*Direct loans.
*Money at call.
*Overdraft.
*Discounting bills of exchange.
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