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Sunny_sXe [5.5K]
3 years ago
15

The amount of a product that people are willing and able to purchase at a specific price is referred to as the:

Business
1 answer:
12345 [234]3 years ago
8 0
<span>The amount of a product that people are willing and able to purchase at a specific price is referred to as </span>demand.
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Economists say that making choices involves comparing​
dimulka [17.4K]

Answer:

Marginal benefits and marginal costs.

Explanation:

5 0
3 years ago
A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin
SOVA2 [1]

Answer:

c. decrease by $10,000 per year.

Explanation:

The contributing margin of a business is sales revenue less the variable cost to produce the product

Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

In this scenario if the department is discounted the fixed expense will reduce by $40,000

This implies that the net income will increase by $40,000 if the department is discontinued.

If the department is discontinued income from the department will reduce by $50,000. That is -$50,000

Net income= -50,000 + 40,000= -$10,000

4 0
3 years ago
What is the best definition of global trade?
True [87]

Answer:

fourth option

Explanation:

global trade is worldwide

it is the 4th option

5 0
3 years ago
supposed you invest $500 in a mutual fund today and $600 in one year. if the fund pays 9% annually, how much will you have in tw
Ilya [14]

If the fund pays 9% annually, you will have $1248.05 in two years.

Future value is the value of a product or investment at some point in the future. In other words, the future value is the amount of money that, assuming a specific rate of return, an investment will be worth after a specific period of time.

According to the concept of present value, money is worth more now than it will be later. In other words, money received in the future is not as valuable as money obtained now in the same amount.

A = Future Value

P = Present value

r = Rate of interest

n = Time period

A = P(1+r/100)^n

= 500$\times (1.09)^2$ + 600$\times (1.09)^2$

= $1248.05

To learn more about Future Value

brainly.com/question/19261146

#SPJ4

7 0
1 year ago
Expand Your Critical Thinking 24-2 (Part Level Submission)Ana Carillo and Associates is a medium-sized company located near a la
Natasha_Volkova [10]

Answer:

total budgeted costs = $141,570

budgeted production = 1,000 units

standard rate = $141,570 / 1,000 = $141.57 per unit

total actual costs = $135,810

actual production = 850 units

actual rate = $135,810 / 850 = $159.78 per unit

  1. total fixed overhead variance = actual overhead costs - budgeted overhead costs =  $135,810 - $141,570 = -$5,760 favorable. The actual overhead expense was lower than budgeted.
  2. controllable variance = (actual rate - standard rate) x actual units = ($159.78 - $141.57) x 850 units = $15,478.50 unfavorable. The actual overhead rate was higher than the standard rate, that is why the variance is unfavorable (more money was spent than budgeted).
  3. volume variance = (standard activity - actual activity) x standard rate = (1,000 - 850) x $141.57 = 150 x $141.57 = $21,235.50 unfavorable. Less units where produced than budgeted, that is why the variance is unfavorable.

5 0
3 years ago
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