The answer is : The demand is elastic.
Elasticity =
[(80,000 - 180,000)/((80,000+180,000)/2)]/[($40 - $30)/(($40 + $30)/2)]|
[(-100,000/130,000)]/[(10/55)] = -.7692/.1818= -4.23
The answer is -4.23, however when considering own price elasticity of demand, we ignore the negative sign and look at the absolute value to determine whether it is elastic or inelastic.
Quantity supplied equals to quantity demanded.
Answer:
b. liable, because it was foreseeable that a child would have access to and try to use a lighter.
Explanation:
BIC must foresee that any child may access the lighter, so they should put some warning on product so that the adults will notice to put lighters away reach of children.
Here, we are decide the best option between making the part or buying the part.
a. Make or Buy Analysis
Particulars Make amount Buy amount
Direct Materials $4.50
Direct Labor $1.00
Overhead (80% of Direct Labor) $0.80
Cost to buy <u> </u> <u>$4.70</u>
Cost per unit <u>$5.70 </u> <u>$4.70</u>
Cost Difference = $5.70 - $4.70
Cost Difference = $1.00
Therefore, the cost difference of making amount over buying amount is $1.00.
b. Because of the difference, Beto should buy the part because its cost is lesser than to make the part.
Therefore, the buying of the part is the best decision.
See similar solution about Analysis
<em>brainly.com/question/23287319</em>
Answer:
d. $141,000
Explanation:
As the following information is given
Purchase of raw material = $165,000
Beginning Raw material balance = $22,000
Completed direct material = $141,000
Completed indirect material = $13,000
Since the work in progress includes only direct material i.e $141,000 as indirect material is allocated to the overhead account. Therefore, only $141,000 of raw material is transferred to work in process account
So other information which is mentioned is ignored
