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3 years ago

Competitive position in the industry

1 answer:

3 0

A competitive position in an industry only occurs when a company is not a monopoly and has multiple companies that are in a state of competition against each other. An example of a competitive position in an industry would be in the clothing industry because there are many companies is attempting to sell clothing and it is a very competitive industry, meaning that companies that sell apparel are in a competitive position in the clothing industry.

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International Data Systems' information on revenue and costs is relevant only up to a sales volume of 121,000 units. After 121,0

laila [671]

Answer:

a. $534,000

b. $271,550

Explanation:

a. Compute operating income at 121,000 units

Using this formula

Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs

Let plug in the formula

Operating Income = ($10.00 - $5.00)*121,000 - $71,000

Operating Income = ($5.00)*121,000 - $71,000

Operating Income =$605,000-$71,000

Operating Income = $534,000

Therefore operating income at 121,000 units is $534,000

b. Compute operating income at 221,000 units

Using this formula

Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs

Let plug in the formula

Operating Income = ($6.80 - $5.25)*221,000 - $71,000

Operating Income = $1.55*221,000-$71,000

Operating Income = $342,550-$71,000

Operating Income = $271,550

Therefore operating income at 121,000 units at 221,000 units is $271,550

5 0

3 years ago

The graph shows a point of equilibrium.

Alekssandra [29.7K]

Answer:

The correct answer is that the price of the product will decrease in order to meet the equilibrium

Explanation:

Equilibrium point is the point where the quantity supplied is equal to the quantity demanded. And the equilibrium price as well as the quantity is evaluated through the intersection of the demand the supply.

When the quantity which is supplied is greater or more than the quantity demanded, it will create a situation of surplus. And if the product price is decreased or lowered down, then the quantity demanded of the product will increase or rise until it reached to equilibrium. In short, the surplus drives the price down.

7 0

3 years ago

In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier p

Maru [420]

Answer:

Following is attached the solution for each part of the question.

I hope it will help you a lot!

Explanation:

7 0

3 years ago

The absolute value of the price elasticity of demand for ground beef has been estimated to be 0.5. If mad cow disease strikes th

leonid [27]

Answer:

total expenditure would increase

Explanation:

the demand for ground beef is inelastic.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.

As a result of the disease, the supply of ground beef would fall. this would lead to a hike in the price of ground beef. But since demand for ground beef is inelastic, the the fall in demand would be less than the rise in price, so total expenditures would rise.

4 0

4 years ago

Joshua needed money for some unexpected expenses, so he borrowed $5,355.26 from a friend and agreed to repay the loan in seven e

konstantin123 [22]

Answer:

10%

25.14 years

Explanation:

A financial calculator can be used to solve these problems

PMT = $-1,100

PV = $5,355.26

FV = 0

N = 7

Compute I = 10%

PMT = $-25,000

FV = $1,387,311

I = 6%

PV = 0

Compute N = 25.14 years

8 0

4 years ago