Suppose that goods x and y are substitutes and the price of good y falls. we would then expect

The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Liono4ka [1.6K]

Answer:

The total cash collected during January by LaGrange Corporation would be: $192,000

Explanation:

Total Credit Sales in December of the current year = $63,000/45% = $140,000

The total cash collected during January = Cash sales of January + 55% x Credit sales of January + 40% x Credit sales of December + uncollected November sales

The LaGrange Corporation has Cash sales of January of $40,000 and Credit sales of January of $140,000, uncollected November sales of $19,000

The total cash collected during January = $40,000 + 55% x $140,000 + 40% x $140,000 + $19,000 = $192,000

8 0

3 years ago

Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufact

Mice21 [21]

Answer:

• One firm to have left.

• At least one will be suffering.

Explanation:

There are four companies in this scenario which means that demand should at least be 4 times the production for all of them to sell.

With demand at only 2.5 times, at least one company will not be selling enough cars to survive in the industry so they will exist.

Another one will stay but will face tough times because a demand of 2.5 times production will not be enough to Carter or three companies.

7 0

3 years ago

Lisa sells kitchen furniture through her website. While her sales are stable, she's concerned that they're not keeping pace with

Kamila [148]

Answer:

a. Her business will have a competitive presence with similar businesses during searches.

Explanation:

Potential customers will be searching for furniture through Google, by creating a Google Search campaign Lisa will gain presence during this search and she'll increase the visitors on her website and therefore this will benefit her business.

I hope you find this information useful and interesting! Good luck!

7 0

3 years ago

Read 2 more answers

On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,000,000 cash. The original cost of the crane was $5.22 m

garik1379 [7]

Answer:

Gain= $90,000

Explanation:

Giving the following information:

Selling price= $1,000,000

Original price= $5,220,000

Accumulated depreciation= $4,310,000

First, we need to calculate the book value:

Book value= purchase price - accumulated depreciation

Book value= 5,220,000 - 4,310,000

Book value= $910,000

Now, if the selling price is higher than the book value, the company gain from the sale:

Gain/loss= selling price - book value

Gain/loss= 1,000,000 - 910,000

Gain= $90,000

3 0

3 years ago

When a principal is unidentified Group of answer choices the agent and principal will be jointly and severally liable on the con

Alja [10]

Answer:

The correct answer is letter "A": the agent and principal will be jointly and severally liable on the contract.

Explanation:

Principal-agent relationships born because of the need for principals of contracting agents acting on their behalf. While interacting with third parties, the principal can take one of the three (3) following roles: fully disclosed principal, unidentified principal, and undisclosed principal.

An unidentified principal, also called jointly and severally liable principal, is unknown by third parties. The third party knows the agent represents another party but the identity of that other party is a mystery.

4 0

3 years ago