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photoshop1234 [79]
3 years ago
15

In the classic downward-sloping demand curve, as price increases, the demand for the product or service

Business
1 answer:
vesna_86 [32]3 years ago
5 0
The demand for a product or service would likely decrease as price increases as far as the classic downward-sloping demand curve is concerned. In addition, this specific type of demand curve characterises increase of consumer demand as the price significantly falls. 
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Garden Zurich Corp. manufactures garden fountains. It currently has two product lines, the basic and the luxury. Garden Zurich h
wolverine [178]

Answer:

Garden Zurich Corp.

a. Traditional costing system with machine hours as the cost driver:

Overhead rate = $171,500/10,000 = $17.15

Overhead assigned to each product line:

Basic = $85,750 ($17.15 * 5,000)

Luxury = $85,750 ($17.15 * 5,000)

b. Activity rates for each cost pool:

Materials handling = $200 ($14,000/70)

Quality control = $100 ($37,500/375)

Machine maintenance = $120 ($120,000/1,000)

Explanation:

a) Data and Calculations:

Total overhead = $171,500

                             Basic    Luxury

Direct costs         $200      $300

Selling price          500         750

Contribution       $300      $450

Production units   800        500

Activity Cost           Cost Driver  Cost Assigned to Pool  Quantity/Amount  

Pools                                                                              Basic        Luxury

Materials handling Number of moves         $14,000      20           50 moves

Quality control       Number of inspections $37,500   250          125 inspec.

Machine                 Number of machine

maintenance            hours                         $120,000  5,000    5,000 m.hour

Total overhead costs                                  $171,500

4 0
2 years ago
Using this table, calculate the marginal cost of each of
alexandr402 [8]

Answer:

See below

Explanation:

Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.

In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.

First bike

=0

The fourth bike:

=Forth bike - third bike

=$130 -$110

= $20

The sixth bike

=sixth - fifth

=$210 -$160

=$50

The seventh bike

=seventh - sixth

=$270 -$210

=$60

5 0
3 years ago
You want to buy a car, and a bank will lend you $15000. The loan will be fully amortized over 5 years(60 months), and the nomina
inysia [295]

Answer:

a) $ 333.67

b) 12.6825

Explanation:

a) The 333.67 amount is the payment per month without interest and of course interest will differ from month to month as the loan is amortized monthly. to get the payment using financial calculator its N= 60,  I/YR = 12%/12=0.01, 15000=PV, FV=O THEN COMPUTE PMT

OR use the formula pmt= PV/1-1/(1+rate)^time/rate

b) To get EAR = (1+ rate/ compounding)^compounding-1

(1+0.12/12)^12-1

6 0
3 years ago
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,500. For each of the next 5 y
yarga [219]

Answer:

Mark will have at the end of six years the amount of $25,865.74

Explanation:

According to the given data we have the following:

First investment = 2500

Investment increasing at rate of 10%

Interest rate = 13%

t=6 years

Present value is given by formula = C * [((1+g)^n/(1+i)^n) - 1 ] / (g-i)

C is first value = 2,500

g is increase in investment = 0.10

i is intrest rate = 0.13

n is no of years = 6

Putting values into the equation

P = 2500* [((1+ 0.10)^6/(1+0.13)^6) - 1 ] / (0.10-0.13)  1.771561    2.08195

P = 2500* [((1.10)^6/(1.13)^6) - 1 ] / (-0.03)

P = 2500* [0.8509142870866 - 1 ] / (-0.03)

P = 2500* (-0.14908571)/ (-0.03)

P = 2500* 4.9695236

P=$12,423.809

Future value = P*(1+i)^t

= $12,423.809 *(1+0.13)^6

= $25,865.74

Mark will have at the end of six years the amount of $25,865.74

7 0
3 years ago
Read 2 more answers
Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st
Katarina [22]

Answer:

MULTI-STEP

Sales Revenue  96,948.00

Sales commissions <u>(8,428.00)</u>

Net Sales          88,520.00

COGS                 <u>(61,018.00)</u>

Gross Profit          27,502.00

Depreciation          (11,336.00)

Delivery Expense  (3,138.00)

Salaries expense  (5,348.00)

<u>Operating Income   7,680.00 </u>

Rent revenue            17,678.00

Interest expense  (2,308.00)

<u>Non-Operating         15,370.00 </u>

Earning Before Taxes  23,050.00  

Income Tax  (9,518.00)

Net Income  13,532.00  

Shares 40,550

EPS  0.33  

ONE-STEP

Sales Revenue   96,948.00

Sales commissiones<u> (8,428.00)  </u>

Net Sales            88,520.00

COGS                  <u>  (61,018.00)  </u>

Gross Profit            27,502.00

Rent Revenue    17,678.00

Depreciation           (11,336.00)

Delivery Expense     (3,138.00)

Salaries expense    (5,348.00)

Interest expense <u>   (2,308.00)   </u>

EBT                     23,050.00  

Income Tax        <u>     (9,518.00)   </u>

Net Income            13,532.00  

Explanation:

The multi-steps calcualte the operating income and the non-operating income (from other activities and interest which aren't directly linked to the main activity of the company) While the one step just calcualte directly through earnings before taxes after solving gross profit.

6 0
3 years ago
Read 2 more answers
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