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sleet_krkn [62]
3 years ago
9

The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive,

but tastes just as good to her. In this case, Glenda’s elastic demand is due to
A. availability of substitutes.
B. relative importance.
C. necessities versus luxuries.
D. change over time.
Business
1 answer:
Angelina_Jolie [31]3 years ago
7 0
Im guessing a) availbility of substitutes the reason is because when i read this it makes me think the price went up because maybe cranberries are not in season but grapes are. Usually when something is not in season it cost more than when it was.
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3 0
2 years ago
Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income sta
lesya [120]

Answer:

<u>Break-even Sales:</u>

      Remo Company                $128,346.17

      Angelo Inc.                        $201,649.86.

Explanation:

Break-even Sales is the dollar amount of revenue at which there will be neither Profit nor Loss. In other words, it a Point at which Contribution Margin is equal to Fixed Costs. The Formula to Calculate Break-even Sales is:

                         Fixed Cost / Contribution Margin Ratio

where

Contribution Margin Ratio is Sales less Variable Expenses, and expressed as a percentage of Sales.

Remo Company

Contribution Margin Ratio = 75,000 / 275,000 = 27.27%

Break-even Sales = 35,000 / .2727 = $128,346.17

Angelo Inc.

Contribution Margin Ratio = 150,000 / 275,000 = 54.55%

Break-even Sales = 110,000 / .5455 = $201,649.86.

3 0
3 years ago
Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two
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Answer:

Insider Trading

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These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.

4 0
3 years ago
A _______, or duty, is money colonists paid for goods purchased from other countries
svet-max [94.6K]

A duty is a type of tax.

Consider the modern day examples of "duty free" shopping available in places like airports and certain tourist locations where people can purchase luxury goods without owing a tax to any country or locality.

6 0
3 years ago
What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst
Jlenok [28]

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

8 0
3 years ago
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