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3 years ago

Because farm products have a low elasticity of demand a small change in output will have

1 answer:

7 0

Because farm products have a low elasticity of demand a small change in output will have a similar effect on the price. Since the low elasticity of demand directly relates to pricing, when the smaller change in output happens, a smaller drop in profits does as well. The price of the item will decrease to compensate for less products selling.

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Which statement is TRUE concerning the relationship between efficiency and equity? Policies designed to increase equity will als

Orlov [11]

Answer:

Option C Policies designed to increase efficiency may decrease equity.

Explanation:

The reason is that the company if the company wants to increase its efficiency then it will have to invest in the operations that will increase its efficiency. This investment will come from raising finance either from the issuance of shares or borrowing money. So this means policies designed to increase efficiency requires investment so the option C is what the explanation is saying.

5 0

3 years ago

Read 2 more answers

What are the largest asset and the largest liability of a typical bank?

nexus9112 [7]

Trust, Honesty are the largest assets

5 0

3 years ago

If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the investment be worth in 12 years? use

Volgvan

$613.04 will the investment be worth in 12 years.

<h3>What is investment?</h3>

The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort. The goal of investing in finance is to earn a return on the invested asset.

Income investing is an investment approach that focuses on constructing an investment portfolio that is expressly designed to provide recurring income. The income investing strategy's main goal is to generate a consistent stream of income.

The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers aspects such as age, financial history, circumstances, and investment aspirations.

To know more about investment follow the link:

brainly.com/question/25300925

#SPJ4

8 0

2 years ago

During 2016, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $5 p

Svetlanka [38]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Production= 60,000 units

Units sold= 55,000

Selling price per unit= $10

Variable manufacturing costs were $5 per unit.

Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold

Fixed selling and administrative costs were $30,000.

The absorption costing method includes the unitary fixed overhead costs to the cost of goods sold.

Sales= 55,000*10= 550,000

COGS= (5 + 2)*55,000= (385,000)

Gross profit= 165,000

Total selling and administrative costs=(1*55,000)+30,000= (85,000)

Net operating income= 80,000

5 0

3 years ago

The following information is available for Harrison’s Hot Dogs: Actual production 12,320 packages, Budgeted production 12,500 pa

muminat

Answer:

$3,060 Unfavorable

Explanation:

Variable overhead efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours for same multiplied by the standard variable overhead rate

Variable overhead efficiency variance is determined as follows:

Hours

12,320 packages should have taken (12,320 × 1.5 ) 18,480.

but did take 19,500

Efficiency variance ( in hours ) 1,020 Unfav.

× standard variable OH rate × $3

Variable overhead efficiency variance ($) $3,060 Unfavourable

6 0

4 years ago