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IceJOKER [234]
2 years ago
5

At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number

of bikes the company manufactures every year. This is Peyton Bike's maximum output. If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit, _____. a. the demand for and the supply of the bikes will attain equilibrium b. a shortage of bikes will be created c. an inelastic demand for the bikes will be created d. the number of bikes produced will increase drastically
Business
1 answer:
MaRussiya [10]2 years ago
4 0

<em>If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit</em><em>, a shortage of bikes will be created.</em>

<h3>Why are bikes in short supply?</h3>

As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.

learn more about<em> </em>shortage of bikes here <u>brainly.com/question/13000057</u>

#SPJ4

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Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1
Allisa [31]

Answer:

b. $103,345

Explanation:

Assets = Liabilities + Owner's Equity

Owner's Equity (Year 1) = $908,100 - $267,845

                                       = $640,255

Owner's Equity (Year 2) = $980,279 - $233,892

                                        = $746,387

increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)  

                                             = $746,387 - $640,255

                                             = $106,132

Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals

                                            = $106,132 - $28,658 + $25,871

                                            = $103,345

Therefore, the amount of net income during Year 2 is $103.345.

7 0
3 years ago
If a county government decided to build parks, then the money and resources would not be available for additional fire fighters.
Keith_Richards [23]

Answer:

a. Misallocation of resources

Explanation:

Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.

3 0
3 years ago
E10-1 On March 1, 2021, Beldon Corporation purchased land as a factory site for $60,000. An old building on the property was dem
Keith_Richards [23]

Answer:

The amounts that Beldon should capitalize as the cost of the land and the new building is $64,900 and $528,500 respectively

Explanation:

The computations are shown below:

For land:

= Purchase value of the land + Demolition of old building + Legal fees for title investigation of land - Salvaged materials

= $60,000 + $4,500 + $2,500 - $2,100

= $64,900

For building:

= Architect’s fees (for new building) + Construction costs + Interest on construction loan

= $13,000 + $510,000 + $5,500

= $528,500

4 0
3 years ago
Distributing Cash Dividends to Preferred and Common Shareholders Dechow Company has outstanding 20,000 shares of $50 par value,
Anna11 [10]

Answer:

Preferred Stock = $60,000 and $3.00

Common Stock = $100,000 and $1.25

Explanation:

Dividends

Preferred Stock has preference when it comes to dividends payments. The remaining dividends are then paid to Common Stockholders.

Preferred Stock dividend = 20,000 x $50 x 6% = $60,000

Common Stock dividend = $160,000 - $60,000 = $100,000

Dividends per share

Preferred Stock dividend =  $60,000 ÷ 20,000 shares = $3.00

Common Stock dividend =  $100,000 ÷ 80,000 shares = $1.25

8 0
3 years ago
Diminishing marginal utility of wealth implies that the utility function. Group of answer choices
yan [13]

Answer:

c. has decreasing slope and a person is risk averse.

Explanation:

The marignal utility of wealth represent that the subsequent utility of the person wealth is not perceived as necessary/joyful as the previous one.

This makes the slope of the utility function to go upward but at slower grow.

The first units of wealth produce a great improvement in utlity compared with the followings just like in any other good or service provided in the economy.

7 0
3 years ago
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