1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksivusya [100]
3 years ago
9

Jess owns a sandwich shop. the price of a sandwich recently increased from​ $5 to​ $7. jess responded by increasing the quantity

of sandwiches she supplied from 70 to 90 per day. using the midpoint​ method, jess's price elasticity of supply is equal to
Business
1 answer:
PSYCHO15rus [73]3 years ago
6 0
<span>0.75 The midpoint method is to calculate the percentage as the change in value divided by the average (or midpoint) of the new and old values. So the price of the sandwich changed from $5 to $7. Using the midpoint formula, you get (7-5)/((7+5)/2) = 2/(12/2) = 2/6 = 0.3333 = +33.3% The change in sandwiches due to the change in price is (90-70)/((90+70)/2) = 20/(160/2) = 20/80 = 0.25 = +25% The elasticity of supply will be the percentage change in demand divided by the percentage change in price. So 25/33.3 = 0.75 So the coefficient of elasticity is 0.75</span>
You might be interested in
Head-First Company plans to sell 5,100 bicycle helmets at $72 each in the coming year. Variable cost is 62% of the sales price;
bonufazy [111]

Answer:

the sales revenue that Head-First must make to earn operating income of $73,120 is $324,000

Explanation:

Hi, first we need to find the units to reach an operating income = $73,120

Price=72

Var Cost= 72*0.62=44.64

Fixed cost= 50,000

With that in mind, let´s formulate the equation

OperIncome=X(72-44.64)-50,000

Where:

X= units to sell

everything should look like this

73,120=X(72-44.64)-50,000

\frac{123,120}{(72-44.64)} =X

X=4,500

So, Head First has to sell 4,500 units in order to make that $73,120 operating income mark. Therefore, the sales revenue will be 4,500*$72=$324,000

To check the aswer, please relate to the MS excel spreadsheet attached to this answer.

Best of luck.

Download xlsx
4 0
3 years ago
A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a
Gekata [30.6K]
The answer is:  <u>  master limited partnership ; or, "MLP" </u><u /> .
___________________________________________________________
4 0
3 years ago
Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has
Black_prince [1.1K]

Answer:

$9,400

Explanation:

The computation of ending balance in the Allowance for Doubtful Accounts account is shown below:-

The ending balance in the Allowance for Doubtful Accounts account = Net credit sales × Bad debt losses + Unadjusted credit balance

= $190,000 × 3% + $3,700

= $5,700 +$3,700

= $9,400

Therefore for computing the ending balance in the Allowance for Doubtful Accounts account we simply applied the above formula.

7 0
3 years ago
The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
Andre45 [30]

Answer:

True

Explanation:

Prevention Cost is the cost which is incurred to avoid the loss due to defects in the products manufactured, here the cost incurred is as follows:

Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

4 0
3 years ago
7) Dynozz Corporation currently produces cardboard boxes in an automated process. Expected production per month is 15,000 units,
DanielleElmas [232]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Variable cost:

Direct material= $0.50 per unit

Fixed cost:

Fixed overhead= $15,000

Total cost for 10,000 units:

Variable cost= 0.50*10,000= 5,000

Fixed costs= 15,000

Total cost= $20,000

Total cost for 15,000 units:

Variable cost= 0.50*15,000= 7,500

Fixed costs= 15,000

Total cost= $22,500

8 0
3 years ago
Other questions:
  • How is the value of a product determined?
    7·2 answers
  • Aunt​ Emily's Food Products is famous for its frosted fruit cake. The main ingredient of the cake is dried​ fruit, which Aunt​ E
    9·1 answer
  • During a recent shopping trip to Target, Carlie noticed that the store offered many Glad products, including many different type
    9·1 answer
  • In 2012, the city of Miketown collected $250,000 in taxes and spent $350,000. In 2012, the city of Miketown had a A) budget surp
    14·1 answer
  • On February 12, Goal Publishing, Inc., purchased the copyright to a book for $15,000 and agreed to pay royalties equal to 10% of
    8·1 answer
  • In an economy, the government wants to decrease aggregate demand by $24 billion at each price level to decrease real GDP and con
    10·1 answer
  • Rodney Halpern works in the marketing department of a major manufacturing firm. Much of his job involves managing the movement o
    5·1 answer
  • The tragedy of the commons results when​ ___________. A. people are excluded from public goods. B. too many public goods are pro
    5·1 answer
  • Shandra Corporation (a U.S.-based company) expects to order goods from a foreign supplier at a price of 131,000 pounds, with del
    12·1 answer
  • Was the economic growth and tax relief reconciliation act of 2001 expansionary or contractionary
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!