Answer:
400,000
Explanation:
7% of what number = 28,000
(0.07)(X) = 28,000
X = 400,000
(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)
Answer:
Incremental income for Sale as scrap is $36,400 and Rework is $46,200
Explanation:
Sale as scrap Rework
Sales of reworked units (13000*8.2) $106,000
Sales of scrap units (13000*2.8) $36,400
Cost to rework units (13000*4.6) ($59,800)
Opportunity cost of not making new units
Incremental income (loss) $36,400 $46,200
Answer:
The correct options are the third and the last:
Option # 3. In a contractual vertical marketing system the firms at different levels of production and distribution work together to achieve greater economies or sales than they would on their own.
Option #5: In an interactive vertical marketing system (VMS) the main members of a distribution channel—producer, wholesaler, and retailer—work together as a unified group in order to meet consumer needs.
Explanation:
Option # 1: In a corporate vertical marketing system or VMS, one member of the distribution channel be it a producer, a wholesaler or a retailer owns all the other members of the channel, thereby having all the elements of production and distribution channel under a single ownership so this is not the correct option.
Option # 2: In an integrated vertical marketing system or fully integrated vertical marketing system only one player manages all the activities (production and distribution), without any assistance from other channel members. So this is not the correct option.
Option # 4: In an administered vertical marketing system or co-ordinated system of distribution channel organization, the flow of products from producer to end-user is controlled by the power and size of one member of the channel system rather than by common ownership or contractual ties. So this is not the correct option.
<span>An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True
</span>
Answer:
April May June
Cash Sales 30% $157,500 $160,500 $168,000
Sales on account 70% <u>$367,500</u> <u>$374,500</u> <u>$392,000</u>
<u>$525,000</u> <u>$535,000</u> <u>$560,000</u>
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</u>
JASPER COMPANY
Cash Receipts Budget
For April, May and June
April May June
<em>Cash Receipts from:</em>
Cash Sales $157,500 $160,500 $168,000
Collection of accounts Receivable <u><em>$400,000 $367,500 $374,500</em></u>
Total Cash Receipts <u>$557,500</u> <u>$528,000</u> <u>$542,500</u>
