Answer: Demand is Unit - Elastic over this price range.
Explanation:
When total revenue remains the same over various price level then the demand curve is unitary elastic.
Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.
A demand curve with an elasticity of 1 is called as unitary elasticity of demand.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Budgeted production TX500
May 20,000
June 32,000
July 39,000
August 46,000
TX500 should have 40% of next months sales in ending Inventory. On May 1, there were 9,000 units of TX500.
Production for June:
Sales= 32,000 units
Ending inventory= (39,000*0.40)= 15,600
Beginning inventory= (32,000*0.4)= 12,800 (-)
Total= 34,800 units
B clothing, entertainment, and health care
Answer:
The average inventory which HG should carry during the year is 5,000 units.
Explanation:
Economic Order Quantity is the ideal inventory procurement which minimizes holding and ordering cost. The EOQ is used by businesses in order to determine the best possible inventory holding.
EOQ = 
EOQ = 
EOQ = 5,000 units
Answer:
240,000,000
Explanation:
Each year you would need to invest 240,000,000 into the saving account over a period of five years to get to the desired amount. If they are only putting in 12%of the retirement funds that would 14,400,000 and that would take about 8 years.
