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2 years ago

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If incomes increase during a period of expansion, goods considered to be inferior will experience?

1 answer:

Olegator [25]2 years ago

5 0

If incomes increase during a period of expansion, goods considered to be inferior will experience:

A decrease in demand

<h3>What are inferior goods?</h3>

Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.

However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.

Learn more about inferior goods here:

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Good money burn refers to the effective use of money, rather than just spending it on some useless stuff.

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3 years ago

100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost o

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$4,650,000,000

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3 years ago

Stuart Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside S

Karo-lina-s [1.5K]

Answer:

a) Contribution from the special order= $52,640.

b) Stuart should accept the order

Explanation:

The amount of contribution to profit from the special order is the difference between the revenue and the relevant cost of variable cost of the special order.

The relevant cost of the special order is equal the sum of all variable cost only.

Note that the allocated facility overhead is irrelevant to whether to accept or reject the order. This is so because the costs would still be incurred either way.

Relevant variable costs of special order = (880 + 510) × 47 = $65,330

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B) Stuart should accept the special order because it would increase its profit by $52,640.

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3 years ago