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1 year ago

In most markets, _____ is determined by the interactions of numerous buyers and sellers.

1 answer:

4 0

Buyers and sellers interact in a market to exchange commodities, services, or resources. Prices and trade volume are mostly influenced by how buyers and sellers interact in a "market."

The buyer-seller interaction process is viewed as a transaction in and of itself, with potential for numerous outcomes. The buyer-seller interaction, which is compared to the effect of advertising, is assumed to carry out any of the following five functions: raise awareness of each other's expectations about the product or service; remind each other of past successful transactions and their behavioral outcomes; reinforce each other's behavior related to the sale of the product or service; prompt behavioral actions on each other's parts by intensifying expectations; and persuade each other.

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Predictable books are useful in the early childhood classroom because they

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Help the child see that they themselves can answer what will happen if they come across a situation like so

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3 years ago

Billings Company has the following information available for September 2017.

kumpel [21]

Answer:

Part a

Contribution Margin = 29.95% (2 d.p)

Part b

Billing Company

CVP Income for as at September 2017

Total Per Unit

$ $

Sales 295704 444

Less Variable Costs (138084) (311)

Contribution 157620 133

Fixed Costs (59850) 89.86

Net Income 97770 43.14

Part c

Billing`s break even point is 450 units

Part d

Billing Company

CVP Income for as at September 2017 - Break Even Point

Total Per Unit

$ $

Sales 199800 444

Less Variable Costs (139950) (311)

Contribution 59850 133

Fixed Costs (59850) 133

Net Income 0 0

Explanation:

Part a

Contribution Margin = Contribution/Sales × 100

Therefore contribution margin is ($444-$311)/$444 * 100 = 29.95% (2 d.p)

Part b

Sales - Variable Cost = Contribution

Net Income = Contribution - Total Fixed Costs

Part c

Break Even Point is when Billings neither makers a profit or loss.

Break Even Point ( Units) = Total Fixed Cost/Contribution per unit

Therefore Break Even Point (Units) = $59850/$133 = 450 units

Part d

The total and unit CVP should neither reflect a profit or loss at a capacity of 450 units as this is the break even point. In this case profit = nill

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3 years ago

Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 9,800

Kobotan [32]

Answer:

Total overhead= $137,210

Explanation:

First, we need to deduct the depreciation expense from the fixed overhead. Depreciation is not a cash cost.

Fixed overhead= 117,440 - 10,610= $106,830

Now, the cash disbursement for total overhead:

Variable overhead= 3.1*9,800= 30,380

Fixed overhead= 106,830

Total overhead= $137,210

5 0

2 years ago

Assume that a consumer has a given budget or income of $12, and that she can buy 2) only two goods, apples or bananas. The price

Sauron [17]

Answer: 16 Banana's or 8 Apples

Explanation:

Budget constrain is a mathematical expression which shows us the quantity of goods that can be purchases at given prices and income. Since, income of the consumer is limited, he must allocate his consumption in a way that he can buy maximum goods at the given prices.

The budget constrain faced by the person is

$1.50*Q_{A} + 0.75*Q_{B} \leq 12$

If the person spends all his income on Apple's, he buys

$\frac{12}{1.50}$

= 8 Apples

If the person spends all his income on Banana's, he buys

$\frac{12}{0.75}$

= 16 Banana's

4 0

2 years ago

C. D. Rom has just given an insurance company $34,500. In return, he will receive an annuity of $4,200 for 20 years. At what rat

vivado [14]

Answer:

10.53%

Explanation:

In this question, we use the RATE formula that is shown in the attachment. Kindly find it below:

Data provided

Present value = $34,500

Future value or Face value = $0

PMT = $4,200

NPER = 11 years × 2 = 22 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the rate of return is 10.53%

8 0

3 years ago