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2 years ago

when the percentage change in the price is greater htan the resulting percentage change in quantity demanded,

1 answer:

7 0

The price elasticity of supply is given by a similar formula: If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.

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When a company spends a large amount of money on trade promotion in order to gain or hold shelf space in retail outlets, a compa

son4ous [18]

The answer is A)Push

8 0

4 years ago

Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,

ella [17]

Answer:

a. $20.00

b. $28,75

Explanation:

Find the total incremental costs to satisfy the special order and add $2.00 profit (because we are aiming for a profit not to just break-even).

Calculation of Total Incremental Unit Costs

Direct materials $6 .00

Direct labor $4.00

Variable Overheads (2/3 × $9) $6.00

Shipping Cost $2.00

Total Incremental Unit Cost $18.00

Add Profit Element $2.00

Unit Selling Price for the Special Order $20.00

In this case no changes will occur on fixed overheads, hence it is irrelevant.

Calculation of Desired Net Operating Income

Sales ($28 × 160,000 units) $4,480,000

Less Product Costs :

Direct materials ($6 .00 × 160,000 units) ($960,000)

Direct labor ($4.00 × 160,000 units) ($640,000)

Variable Overheads ($6.00 × 160,000 units) ($960,000)

Fixed Overheads ($3.00 × 160,000 units) ($480,000)

Current Operating Income $1,440,000

Add Desired Increase in Operating Income $60,000

Desired Operating Income $1,500,000

Unit Profit = $1,500,000 ÷ 160,000 units

= $9.375

Unit Profit = Unit Selling Price - Total Unit Costs - Unit Incremental Profit

therefore,

Unit Selling Price = Unit Profit + Total Unit Costs + Unit Incremental Profit

= $9.375 + $19.00 + $0.375

= $28,75

5 0

4 years ago

What are barriers to entry?

yan [13]

Answer:

Barriers to entry are the economic term describing the existence of high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business. Barriers to entry benefit existing firms because they protect their revenues and profits

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3 years ago

A contractor must pay a $40,000 penalty if construction of an expensive home requires more than 16 weeks. He will receive a bonu

notka56 [123]

Answer:

It will expect to pay 545,000 dollars

Explanation:

We will calculate the probabilities:

outcome x probability

(40,000) x 0.2 = (8,000) penalty

10,000 x 0.3 = 3,000 bonus

0 x 0.5 = 0 netiher

(5,000) expected

NOTE: the method will only work if the probabilities add up to one, so the remainder 0.5 will be assing to the timeframe within 8 ann 16 week on which there is no bonus or penalty.

list price: 550,000 + probability outcome: (5,000) = 545,000

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3 years ago

A private partnership whose shares are primarily offered to wealthy individuals and large institutions and which often makes hig

Romashka-Z-Leto [24]

Answer:

The correct answer is letter "D": A hedge fund.

Explanation:

A hedge fund is a private investment fund that almost exclusively markets itself for rich investors. Since middle and lower classes are normally unable to invest in hedge funds due to financial limitations, hedge funds have traditionally been permitted to operate under considerably lower regulatory oversight by the Securities and Exchange Commission (SEC).

4 0

3 years ago