This is an example of supply and demand. The school is looking for two teachers to fill the open spots at their school; there is a demand of two new teachers. However, with the demand for two teachers comes a supply of 20 teachers that are able to take the spot. Supply and demand refers to the amount of something that is available and the desired need for it.
Answer:
Enterprise resource planning system.
Explanation:
Heims seems to be using an enterprise resource planning (ERP) system to let relevant department members access to order status and fulfillment. It is not a customer relationship management (CRM) system, since this system is primarily used to manage the current customer relationship and to generate new sales lead. A CRM system is usually used by the sales team only, while ERPs are inter-departmental. It is most definitely not a risk and threat or environment and disaster management system, since the scenario occurring in Heims has do not require these systems.
Productivity, hope that helps.
Answer:
$26,000
Explanation:
The Sales volume variance can be calculated using the following formula:
Sales Volume Variance = Actual Sales ($) - Budgeted Sales ($)
Or you can also use the following formula:
Sales Volume Variance = (Actual Sales Units - Budgeted Sales Units) * Budgeted price per unit
Here
Actual Sales ($) is 77000 unit at $14 budgeted sales price per unit which means total sales in dollars was $1,078,000.
Budgeted Sales ($) is 79000 unit at $14 budgeted sales price per unit which means total budgeted sales in dollars was $1,104,000.
Sales Volume Variance = $1,078,000 - $1,104,000 = $26,000
Answer:
After the increase in demand, the new equilibrium price is <u>$160</u>, where both supply and demand equal <u>300</u>.
Explanation:
When the income level of customers increases, the demand curve shifts to the right, increasing the quantity demanded at every price level.
If the quantity demanded for a good increases as its customers' income increases, it is called a normal good.
In this case, the previous equilibrium quantity was 200 units and the equilibrium price was $50. Since the demand curve shifted to the right, both the quantity demanded increased from 200 units to 300, and the equilibrium price increased from $50 to $160.
