Answer:
$31,000
Explanation:
The computation of the cash collected from customers is shown below:
Cash collected from customers = Sales + Decrease in accounts receivable
= $30,000 + $1,000
= $31,000
We simply added the sales and the Decrease in accounts receivable so that the accurate amount can come
All other information which is given is not relevant. Hence, ignored it
Answer:
c. percentage change in price and percentage change in quantity demanded.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
Answer:
to find profit make
%profit =selling price + cost price ÷ cost price
Answer:
B) $11,750
Explanation:
annual mortgage payment = net operating income - (outstanding loan balance x loan payment factor)
outstanding loan balance = property value x loan percentage
annual mortgage payment = $40,000 - [($360,000 x 80%) x 0.09809] = $40,000 - ($288,000 x 0.09809) = $40,000 - $28,250 = $11,750
Answer:
Results are below.
Explanation:
Giving the following information:
Break-even point in sales= $960,000
Actual sales= $1,200,000
<u>To calculate the margin of safety in dollars and as a percentage, we need to use the following formulas:</u>
Margin of safety= (current sales level - break-even point)
Margin of safety= (1,200,000 - 960,000)
Margin of safety= $240,000
Margin of safety ratio= (current sales level - break-even
point)/current sales level
Margin of safety ratio= 240,000 / 1,200,000
Margin of safety ratio= 0.2 = 20%
