Answer:
Increase by 4.8%
Explanation:
The 4% price reduction will cause an increase in demand by 2.4%.
The 2% rise in income will cause an increase in demand by 2.4%
If we take into account both variations and add them, we have an increase in demand by 2.4%+2.4% = 4.8%
The need that the electronic pencil fill is the need to erase errors associated with what has been written down digitally.
<h3>What is the potential market for the product?</h3>
The potential market for electronic pencil is the global digital pen market and the global market as a whole.
<h3>What type of consumer good is electronic pencil product?</h3>
The type of consumer good of electronic pencil product is Specialty products.
<h3> How will you distribute the product?</h3>
One can distribute the product via online platforms such as social media, online stores and marketplace, etc.
<h3> What are the other questions that need to be answered before a decision is made?</h3>
- The lifespan of the product.
- Does it have effect to the human skin
- Is it feasible.
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Answer:
Break even point in dollars = $28,000
Explanation:
We know Sales - Variable Cost = Contribution
Thus, if we are provided that Variable expenses = 65% then contribution = 100 - 65 = 35%
Also provided selling price per unit = $28
Contribution Therefore = $28 
35% = $9.80
Break even point in dollars = 
Here, fixed cost = $9,800
Contribution margin = 35%
Putting values in above formula we have,
Break even point in dollars = 
12. After posting the journal entries to the ledger, the balance of the Cash account is <span>Credit $1,042.92.
13. </span>After posting the journal entries to the ledger, the balance of the Equipment—Store account is <span>Debit $4,500
</span><span>
14.</span>On May 3, the balance of the Equipment—Office account is <span>Debit $690
</span><span>
15. T</span>he balance of the Accounts Payable—Bellhaven Bank account is <span>Debit $1,000</span>
<span>
16. </span>After posting the journal entries to the ledger, the balance of the Supplies account is Debit $542.92
17. After posting the journal entries to the ledger, the balance of the Accounts Payable—Craft Bank account is <span>Credit $3,500
18. </span><span>After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account was unchanged.
19. The entry </span>you make in the Post Ref. column of the ledger to show that you posted the transactions from the journal is <span>J1
20. </span> Asset accounts are increased by entries to the debit side of the account.
Pretty sure I got all of them! Hope this helps!!
