An increase in consumer desire for strawberries is most likely to increase the number of strawberry pickers needed by farmers.
Option 1
<u>Explanation:</u>
Supply can be defined as the availability of services and goods at any given point of time in the market place. Demand is the desire or wants of the consumer to purchase services and goods and their ability to pay for the products.
Whenever the demand for the goods or services increases the supply for the same will increase gradually. Here, increase in the desire of the consumer for strawberries will most likely would increase the number of strawberry pickers needed by farmers.
Because whenever the need for the produce increases there should be an increase in the total number of strawberry pickers for a proper business cycle.
Answer:
Products Selling price Unit variable cost
$ $
Junior 50 15
Adult 75 25
Expert <u>110 </u> <u> 60</u>
Total <u> 235 </u> <u> 100</u>
The sales price per composite unit = $235
The contribution margin per composite unit
= Composite selling price - Composite unit variable cost
= $235 - $100
= $135
Break-even point in units
= <u>Fixed cost</u>
Contribution per unit
= <u>$114,750</u>
$135
= 850 units
Break-even point in dollars
= Break-even point in units x Composite selling price
= 850 units x $235
= $199,750
Income Statement
$
Total contribution ($135 x 850 units) 114,750
Less: Fixed cost <u>114,750</u>
Net profit <u> 0</u>
Explanation:
Sales price per composite unit is the aggregate of all the selling prices.
Contribution margin per composite unit equals composite selling price minus composite unit variable cost.
Break-even point in units is fixed cost divided per composite contribution margin per unit.
Break-even point in dollars equal break-even point in units multiplied by selling price.
Income statement is prepared by deducting the total fixed cost from the total contribution.
Answer:
The answer is: D) As they are generally defined, money market transactions involve debt securities with maturities of less than one year.
Explanation:
Money market transactions involve the trading of financial instruments with high liquidity and short-term maturities (usually less than one year). The financial instruments traded include; treasury bills (T Bills), commercial papers issued by companies and certificates of deposit (CDs).
<span>Because it is almost impossible to suss out whether a person will be able to learn a new job or be able to fit in with the rest of the work crew just by interviewing and reviewing resumes. And more specifically, in a unionized situation, if probation did not exist it could be virtually impossible and extremely time consuming to justify terminating employment once someone is hired on.</span>
Explanation:
The computation is shown below
The length of the cash conversion cycle is
= Inventory conversion period + average collection period - payable deferral period
= 64 days + 28 days - 41 days
= 51 days
Now the investment in account receivable is
= $2,578,235 ÷ 365 ÷ 28 days
= $197,782.411
And, the inventory turnover ratio is
Inventory turnover ratio = Sales ÷ inventory
where,
Sales = $2,578,235
And, the inventory is
75 = Inventory ÷ [(0.75 × $2,578,235) ÷ 365]
So, the inventory is $397,330.736
Now the inventory turnover ratio is
= $257,8235 ÷ $397,330.736
= 6.488 times
