When the price of a good is high, selling the good is profitable, and so the quantity supplied is large.

At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, sh

PSYCHO15rus [73]

Answer:

Your answer is that she needs to earn $148 on Friday

Explanation:

Calculate Average:

(67 + 82 + 78) / 4 = 56.75 (Remember 67 is worth Monday and Tuesday)

We know that the number that the 4 numbers add up to has to be divisible by 5 because our we need to average 75 and we have 5 days to average on.

5 x 75 = 375

67 + 82 + 78 = 227

375 - 227 = 148

(67+82+78+148) / 5 = 75

Your answer is that she needs to earn $148 on Friday

3 0

3 years ago

Select the correct answer from the drop-down menu

iragen [17]

Answer:

What to produce?

Explanation:

A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.

Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

8 0

3 years ago

F 1What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1

Llana [10]

Answer:

When the bond is sale at premium, it means the market rate is lower than coupon rate. So investor purchase the bond a higher price until the bond yield equal the market rate

If sold at discount, the market rate is higher than coupon rate. This means it's sold below face value to increase the bond yield to market rate.

YTM if market price is 887 = 10.7366190%

YTM if market price is 1,134.2= 7.1764596%

Explanation:

For the YTM we can calculate an estimated using the following formula:

$YTM = \frac{C + \frac{F-P}{n }}{\frac{F+P}{2}}$

Where:

C= coupon payment 1,000 x 9% = 90

F= face value of the bonds = 1000

P= market price = 887

n= years to maturity = 10

YTM = 10.7366190%

$YTM = \frac{C + \frac{F-P}{n }}{\frac{F+P}{2}}$

C= 90

F= 1000

P= 1134.2

n= 10

YTM = 7.1764596%

A more precise answer can be achieve using excle or a financial calculator.

7 0

3 years ago

As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of So

boyakko [2]

Answer:

Soria Company

Clothing Department

Selling Expense Flexible Budget Report for the month ended October 31, 2017: (Joe Batista)

Budget Actual Variance Comment

Sales in units 10,000 10,000 0 Neither

Flexed Variable Expenses:

Sales Commission $2,400 $2,400 0 Neither

Advertising Exp. $1,200 $900 $300 Favorable

Travel Expense $4,000 $4,000 0 Neither

Free Samples $2,300 $1,300 $1,000 Favorable

Total Variable $9,900 $8,600 $1,300 Favorable

Fixed Expenses:

Rent $1,700 $1,700 0 Neither

Sales Salaries $1,100 $1,100 0 Neither

Office Salaries $800 $800 0 Neither

Depreciation $400 $400 0 Neither

Total Fixed $4,000 $4,000 0 Neither

Total Expenses $13,900 $12,600 $1,300 Favorable

Explanation:

a) Budgeted Variable Costs were flexed as follows:

i) Sales Commission = $1,872/7,800 x 10,000 = $2,400

ii) Advertising Expenses = $936/7,800 x 10,000 = $1,200

iii) Travel Expense = $3,120/7,800 x 10,000 = $4,000

iv) Free Samples = $1,794/7,800 x 10,000 = $2,300

b) The fixed costs could not be flexed as they remain invariable no matter the activity level.

c) Flexible budget is a budget that adjusts or flexes with changes in volume or activity. It is a more accurate way of assessing performance because it is based on actual volume or activity level unlike a static budget, which remains unchanged.

3 0

3 years ago

Read 2 more answers

Instead of canceling their contract, William, Laverne, and Laverne's mother, Irma, form another contract in which they all agree

polet [3.4K]

Answer:

yes it is novation

Explanation:

6 0

2 years ago

Read 2 more answers