The differences between Lila and Jillian's businesses are based on what they offer to the public, since one offers products and the other offers services, which makes their businesses different.
<h3>What is a product-based business?</h3>
A product-based business is a type of business in which the main purpose is to offer a specific product to the public, for example:
- Beauty products.
- Sport products.
- School products.
- Construction products.
<h3>What is a service-based business?</h3>
A service-based business is a type of business in which the main purpose is to offer a specific service to the public, for example:
- Satellite television service.
- Legal advice service.
- Sports training service.
- Nutrition service.
Based on the above, it can be inferred that the discussions between Lila and Jillian can include very varied topics because their businesses are different because they involve different value chains.
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Explanation:
The value refers to the worth of each digit depending on where it lies in the number. We calculate it by multiplying the place value and face value of the digit. Value=Place Value × Face Value. For instance: If we consider a number 45.
Answer:
The correct answer is option i.
Explanation:
A firm is operating in a perfectly competitive market.
The firm is selling 200 units of output.
The price of each unit of output is $3.
In a perfectly competitive market, a single firm faces a horizontal line demand curve. This horizontal line represents demand, price line, average revenue, and marginal revenue.
So if the price is $3, it implies that the marginal revenue and average revenue is also equal to $3.
The total revenue is $600.
Answer:
Net income = $76,000
Earning per share (EPS):
Income from continuing operations per share = $4.40 per share
Loss from discontinued operations per share = -$3.64 per share
Net Income per share = $0.76 per share
Explanation:
Note: See the attached excel file for the income statement.
Also Note: Two years (2016 and 2018) were mistakenly mentioned in the question instead of just one of them. I therefore picked 2016 to prepare the income statement.
In the attached excel file, the earning per share (EPS) is calculated as follows:
Number of shares outstanding = 100,000 shares
Income from continuing operations per share = Income from continuing operations / Number of shares outstanding = $440,000 / 100,000 = $4.40 per share
Loss from discontinued operations per share = Loss from discontinued operations / Number of shares outstanding = -$364,000 / 100,000 = -$3.64 per share
Net Income per share = Net Income / Number of shares outstanding = $76,000 / 100,000 = $0.76 per share
Explanation:
<u>a.what happens to the price of coffee beans?</u>
In this case, when there is a phenomenon like a hurricane that destroys half the harvest, the supply of coffee beans consequently decreases, the quantity decreases and the price increases.
<u>b. What happens to the price of a cup of coffee? What happens to the total expenditure on cups of coffee?</u>
When the price of the main input for the production of coffee cups increases and the supply decreases, it appears as an increase in the price of a cup of coffee and a decrease in the amount of coffee cups available on the market.
As they have an inelastic demand, coffee cups with a higher price correspond to an increase in total coffee expenses.
<u>c.What happens to the price of a cup of donuts? What happens to the total expendiure on donuts?</u>
In this case, donuts and coffee are complementary, so when there is an increase in the price of coffee and a decrease in the quantity demanded, there is also a decrease in the demand for donuts. So if the demand for donuts decreases, their price also decreases and the total expenditure on donuts decreases.
