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Lena [83]
2 years ago
15

Supply and demand for a product are both a linear function of price. Suppose that if a price of $8 is charged, 8 units will be d

emanded; that if a price of $5 is charged, 20 units will be demanded; that if a price of $3 is charged, 38 units will be supplied; and that if a price of $1 is charged, 26 units will be supplied. For what price will supply equal demand?
Business
1 answer:
Elenna [48]2 years ago
7 0

Answer:

At $2 supply and demand are in equilibrium for 32 quantity

Explanation:

We have to solve for the linear equation first, and then calcualte the equilibrium price and quantity

m = \frac{y_1- y_2}{x_1-x_2}

Demand

\left[\begin{array}{cc}x&y&5&20&8&8\end{array}\right]

m = \frac{20- 8}{5-8} = 12\div -3 = -4

Then we solve for h

20 = -4\times5 + h \\ 20+20 = h \\h = 40

Demand would be y = -4x +40

We repeat the process with supply

\left[\begin{array}{cc}x&y&1&26&3&38\end{array}\right]

m = \frac{38- 26}{3-1} = 12\div 2 = 6

38 = 6\times3 + h \\ 38 -18 = h \\h = 20

Supply is y = 6x + 20

Now we can solve for equilibrium price

\left \{ {{y = -4x +40} \atop {y = 6x + 20}} \right.

-4x + 40 = 6x + 20

20 = 10x

x = 20/ 10 = 2 price

And quantity

6 x 2 + 20 = 32

-4x2 + 40 =  32

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During April, the production department of a process manufacturing system completed a number of units of a product and transferr
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Answer:

Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department's output.

Cost per equivalent unit

Material    

$2,35  

Conversion  

$1,93  

TOTAL Cost per equivalent unit  

Material  

$968.840  

Conversion  

$697.890  

TOTAL

$1.666.730  

Explanation:

                                                                    Material    Conversion  

Units transferred to the next department    320,000   320,000  

Materials  90%                                                       102,000   91,800  

Conversion Cost 40%                                        102,000    40,800

Equivalents Units Production                         411,800    360,800

Cost of beginning work in process inventory $ 118.472 $ 48.594

Costs added during the period                     $ 850.368 $ 649.296

TOTAL COST                                             $ 968.840 $ 697.890

Equivalents Units Production                      411.800    360.800

Cost per equivalent unit                                  $2,35        $1,93  

Units completed and transferred out:          

Equivalent units of production (a)    411.800   360.800  

Cost per equivalent unit                 $968.840   $697.890                     $1.666.730  

6 0
3 years ago
The term "spreading the financial statements" refers to __________
wolverine [178]

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

5 0
3 years ago
As
Sergio039 [100]

Answer:

Statue of limitations

Explanation:

5 0
2 years ago
If an organization sets the marketing objective of maintaining uniformity and strong centralized control over its marketing acti
irinina [24]

Answer:

standardization

Explanation:

Standardization marketing strategy can be regarded as strategy that use in making a market to be a solution having uniform consistency throughout particular marketing mix. It is the

marketing of products and keeping a uniform image of the product among the varying markets. It should be noted that If an organization sets the marketing objective of maintaining uniformity and strong centralized control over its marketing activities and products, then the organization is choosing standardization strategy

4 0
2 years ago
Nutech Corp. is expecting the following cash flows—$79,000, $112,000, $164,000, $84,000, and $242,000—over the next five years.
Alja [10]

Answer:

$429,560

Explanation:

Present value will be calculated through the PV formula,

PV = \frac{C1}{1+r}  + \frac{C2}{(1+r)^{2} } + \frac{C3}{(1+r)^{3}} + \frac{C4}{(1+r)^{4}} + \frac{C5}{(1+r)^{5}}

r = 15%

C1 = $79,000 ,C2 = $112,000 ,C3 = $164,000 ,C4 = $84,000 ,C5 = $242,000

Substituting the values in the formula,

PV = \frac{79,000}{1.15}  + \frac{112,000}{(1.15)^{2} } + \frac{164,000}{(1.15)^{3}} + \frac{84,000}{(1.15)^{4}} + \frac{242,000}{(1.15)^{5}}

PV = 68,695.66 + 84,688 + 107,838 + 48,030.2 + 120,338.14

PV = $429,560

The present value of the cash flows of Nutech Corp. over the next five years is $429,560.

8 0
3 years ago
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