Scarcity means that there are more wants than one can meet based on the limited amount of resources.

Harding corporation sells two products, standard and supreme. expected sales are 40,000 standard and 60,000 supreme. standard's

dolphi86 [110]

Contribution for Standard is $30 per unit and Supreme is $60 per unit, Thus if Fixed expenses are first divided between the two products on the basis of Contribution per unit, It can be calculated as below:

Fixed Expense Bifurcated on basis of Contribution per unit= 30:60

Which Comes to 1:2

Thus it will be bifurcated as $1200000 for Supreme and $600000 for Standard

Thus for Standard to break even it Requires to Sell the below no of units:

Break Even Point in units= $\frac{Fixed Expense}{Contribution per unit}$

Break Even Point in units= $\frac{600000}{30}$

Break even points in units=20000 units

7 0

2 years ago

Which statement represents most correctly the relationship between nominal GDP and real GDP?

Nady [450]

Answer:

The answer is: C) Nominal GDP measures current production using current prices, whereas real GDP measures current production using base-year prices.

Explanation:

Nominal GDP measures the production of total finished products and services within a country during a particular period using the current prices of the products and services. Real GDP measures the production of total finished products and services within a country during a particular period using base-year prices of the products and services.

Nominal GDP doesn't take in account inflation, while real GDP is adjusted by inflation. Nominal GDP is also higher than the real GDP since recent prices are higher than the base-year prices (due to inflation). Real GDP can be used to compare the economy's evolution over periods of time.

8 0

2 years ago

say anythinggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggg

Vadim26 [7]

Answer:

heyyyyyy

Explanation:

6 0

3 years ago

Read 2 more answers

When two goods are substitutes production then what??

swat32

Answer:

An increase in the price of one substitute good causes a decrease in supply for the other.

Explanation:

I just took a test on this subject last week :)

7 0

2 years ago

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

Reil [10]

Answer:

20Y3

Nov. 21 :

Debit Notes receivable $66,000

Credit Accounts receivable $66,000

(To recognize notes receivable iro past due account)

Dec. 31:

Debit Interest revenue $161.33

Credit Interest receivable $161.33

(To record accrued interest on notes receivable)

Jan. 20:

Debit Cash $66,880

Credit Notes receivable $66,000

Credit Interest receivable $880

(To record payment of note and interest on Nov. 21 notes)

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $66,000 x 8%/12 x 2 months = $880.

Total interest expense to the Company as at December 31 is therefore $880 / 60 days x 11 days = $161.33.

8 0

2 years ago