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2 years ago

If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue, they should all?

1 answer:

5 0

If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.

Given that the demand for wheat is inelastic and the farmers want to increase their total revenue.

We are required to find how the farmers increase their total revenue if the demand of wheat is inelastic.

Inelastic demand means that the demand is likely not to be change by a change in the price of commodity.

If the demand is not likely to change by the change in the price then the farmers can increase their total revenue by increasing the price because the total revenue is the product of price and quantity.

Hence if wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.

Learn more about inelasticity at brainly.com/question/26850555

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An overly optimistic sales budget may result in Group of answer choices increases in selling prices late in the year. insufficie

N76 [4]

Answer:

excessive inventories.

Explanation:

If there is an overall optimistic sales budget so there would be the excessive inventories as the sales budget predicts that in the future the number of units is to be sold for the given period of time. And, when this budget would be optimistic so it over predicted the sales due to this there would be the chances of the excessive inventories

hence, the last option is correct

8 0

3 years ago

Acme, Inc.'s books show an ending cash balance of $10,500 before preparing the bank reconciliation. Given the bank reconciliatio

netineya [11]

Answer:

a. $ 10,410

Explanation:

Balance per books $ 10,500

Less: NSF Checks $ ( 110)

Add: Interest earned $ 20

Adjusted balance per books $ 10,410

The NSF checks is reduced from the book balance as the books would have included it as a positive balance.

The interest earned has to be added to the book balance as this information would have not been available with the book.

The outstanding checks represent checks issued by the company and thus would already have been recorded in the books.

the deposits in transit would also have been recorded in the books.

6 0

4 years ago

Vaughn Manufacturing manufactures a product with a unit variable cost of $100 and a unit sales price of $186. Fixed manufacturin

777dan777 [17]

Answer:

The correct option is A. Income would increase by $40,000.

Explanation:

Note: There are some errors in the data provided in this question. The errors are threfore fixed by providing the complete question again before answering the question as follows:

Vaughn Manufacturing manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:______.

A. Income would increase by $40,000.

B. Income would increase by $8,000.

C. Income would decrease by $8,000

D. Income would increase by $140,000

The explanation of the answer is now given as follows:

Additional units to be sold = 1000

Selling price per unit of additional units to be sold = $140

Unit variable cost = $100

Expected change in income if the special order is accepted = (Selling price per unit of additional units to be sold - Unit variable cost) * Additional units to be sold = ($140 - $100) * 1000 = $40,000

Therefore, the correct option is A. Income would increase by $40,000.

3 0

3 years ago

The factory foreman at an automobile assembly plant is behind on meeting the quarterly production target due to an ongoing machi

Kazeer [188]

Answer:

The answer is Scarce Resources

Explanation:

Companies use different resources to perform their projects, when talking about resources, reference is made to both materials and labor; resources can have an unlimited or limited quantity.

When speaking of scarce resources, it means that the company has a limited amount of what it needs to carry out its project, it must be taken into account that both labor, capital or material may be scarce.

For example, in the case of the foreman of the automobile assembly factory, he cannot meet his production objectives since his employees are on strike, which means that he has a shortage of resources in labor.

I hope this information can help you.

7 0

3 years ago

The continuous cycle of improving job performance through defining performance, monitoring and evaluating performance, reviewing

Anastasy [175]

Answer:

Performance Management

Explanation:

The continuous cycle of improving job performance through defining performance, monitoring and evaluating performance, reviewing performance, and providing consequences is known as Performance Management

Performance Management process is a systematic process of managing and monitoring the employee's performance against their key performance parameters or goals. It is regarded as a process for driving the individual and organizational performance management, and is termed as a continuous process in organization.

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3 years ago