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2 years ago

An increase in the price of a product will reduce the quantity demanded for that product because:________

1 answer:

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An increase in the price of a product will reduce the quantity demanded for that product because quantity demanded to increase. The process of figuring out a product's quantitative value based on both internal and external elements is called product pricing. Product pricing directly affects your company's entire success, including cash flow, profit margins, and client demand.

Follow these three procedures to get the selling price per unit for your product: Determine the total cost of all the items you bought. The cost price is obtained by dividing the entire cost by the total number of units purchased. To determine the final selling price, use the selling price formula.

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A recent annual report for FedEx contained the following data:

Maru [420]

FedEx

Accounts Receivable Turnover

Numerator Net Credit Sales = 35,687 = 9.02 times

Denominator Average Accounts Receivable (4415+ 3495)/2

Average Daily Accounts Receivable Turnover

Numerator Days in 4 Years = 0.365 4 4 = 46 debt turnover ratio of 9.02

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

In personal banking or financial accounting, a credit is an entry indicating that money has been received. Normally, a checking account register has the balance (deposits) on the right and the debits (money spent) on the left. In a loan, all the requested amount is given at once at the time of lending, whereas in a loan, the bank uses the full amount of the loan to give the customer an amount that can be used as needed.

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7 0

1 year ago

Assume Argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker h

konstantin123 [22]

Answer:

Explanation:

Batches of apples produced in one hour = 35/100 = 0.35

Batches of peaches produced in one hour = 70/100 = 0.70

total hours it would take to produce 15 batches of apples = 15 / 0.35 = 42.86 = 43 hours

this would leave (100 - 43) 57 hours to make peaches

Batches of peaches that can be made in 43 hours = 57 x 0.7 = 39.9 = 40 batches

7 0

3 years ago

What three colors are used to create the color white on a tv or computer screen?

vivado [14]

Red yellow and blue because when they are all moved at a high speed they combine to make white

8 0

3 years ago

Read 2 more answers

The Blueberry Designs ads show a lifestyle that is sophisticated and timeless. They recently launched a sportswear line with the

kap26 [50]

Answer:

A reference group

Explanation:

Reference groups are are set of people who are used as a standard for how to comply with social norms thereby influencing our ideas, values, behaviour, and appearance.

For example a reference group can be a set of people that have achieved a certain level of importance in a field by following a standard.

In the given scenario Blueberry Designs ads show a lifestyle that is sophisticated and timeless.

Those that follow the standards set by Blueberry designs can be said to be a reference group

3 0

3 years ago

Child Play Inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. Within this range, the

Ray Of Light [21]

Answer:

Toys produced 40,000 80,000 120,000

Total costs:

Total variable costs $720,000 $1,440,000 $2,160,000

Total fixed costs $600,000 $600,000 $600,000

Total costs $1,320,000 $2,040,000 $2,760,000

Cost per Unit

Variable cost $18 $18 $18

Fixed cost $15 $7.50 $5

Total cost $33 $25.50 $23

Fixed costs do not change with total output, they are the same regardless so the number of units produced. Variable costs change proportionally to any change in total output. If total output increases, variable costs will increase.

3 0

3 years ago