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taurus [48]
4 years ago
8

Which best describes what happens to the amount of a good or service that is supplied to consumers? The amount of a good or serv

ice can change. The amount of a good or service always remains the same. The amount of a good cannot change. The amount of a service cannot change.
Business
2 answers:
Debora [2.8K]4 years ago
3 0

The amount of a service cannot change. But the quality of a service can change positively or negatively

hoa [83]4 years ago
3 0

Correct answer is: A. The amount of a good or service can change.



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Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes.
mars1129 [50]

Answer:

The correct answer is the letter a. "Make more than 20 wedding cakes a month."

Explanation:

To maximize profit the marginal price of each cake must equal the marginal cost of each cake. The marginal cost is 300 and the marginal price is 5000/20 = 250. The marginal price of each cake (250) is less than the marginal cost of each cake (300), so Laura needs to make more than 20 cakes to increase her revenue and maximize her profit.

5 0
3 years ago
In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 240 units at
alisha [4.7K]

Answer:

$1,395

Explanation:

Total cost of Inventory purchased

= (No. of units × Per unit price) +  (No. of units × Per unit price) +  (No. of units × Per unit price)

= (240 × 8) +(340 × 10) +(440 × 11)

= 1,920 + 3,400 + 4,840

= $10,160

Number of units purchased = 240 + 340 + 440

                                              = 1,020

Average cost per unit = total cost /No. of units

= 10,160 /1,020

= $ 9.9608 per unit

Cost of ending inventory = 140 × 9.9608

= $1,395

8 0
3 years ago
You take out a car loan for 13,381 dollars. If your loan has an annual interest rate of 8.86 percent, and you will make monthly
Otrada [13]

Answer:

Principal paid in the first payment =$2,656.52

Explanation:

L<em>oan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest</em>.  

We will use the following relationships:

Interest paid = Interest rate × loan balance

Principal paid = Monthly installment - Interest paid

Monthly installment  = Loan amount/Annuity factor

Annuity factor = (1- (1+r)^(-n))/r

r - annual interest rate

n- number of period = 12× 5 = 60

Monthly interest rate - 8.86/12 =0.738 %

Loan amount = 13,381

Annuity factor = (1 - (1.00738)^(-60) )/ 0.00738=48.336

Monthly interest payment = Loan amount/Annuity factor

                                         13,381/48.336=2,755.32

Interest due in the first month = interest rate × loan amount

                      =  0.738 %×  13,381 =98.796

Principal aid in the first year = Monthly installment - interest due 1st month

                      = 2,755.32 - 98.796 = 2,656.52

Principal paid in the first payment =$2,656.52

8 0
4 years ago
A 10-year bond paying 8% annual coupons pays $1000 at maturity. If the required rate of return on the bond is 7%, then today the
Anon25 [30]

Answer:

Bond Price = $1070.235815 rounded off to $1070.24

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

Coupon Payment (C) = 1000 * 0.08 = 80

Total periods (n)= 10

r or YTM = 7%

The formula to calculate the price of the bonds today is attached.

Bond Price = 80 * [( 1 - (1+0.07)^-10) / 0.07]  +  1000 / (1+0.07)^10

Bond Price = $1070.235815 rounded off to $1070.24

6 0
3 years ago
Rhys Hoskins is the president of RH Corporation (RHC). RHC has provided the following partial listing of costs incurred during A
zimovet [89]

Answer:

$306,000

Explanation:

To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.

<u>Total Manufacturing Cost Calculation :</u>

Factory Utilities                         $11,400

Indirect Materials                    $39,500

Direct Materials                     $166,400

Equipment Depreciation        $47,000

Direct labor                              $91,700

Total Manufacturing Cost    $306,000

5 0
3 years ago
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