The market for the pizza has a downward sloping demand curve which means that with the increase in the price of the pizza, the demand of the pizza will decrease but it's supply will increase.
<u>Explanation:</u>
Downward slanting demand curve implies a judicious purchaser will request to a greater degree a product when its price falls. A portion of the explanations behind. the marvel would be: Income Effect : When cost of an item falls, shopper's genuine salary rises that is he would now be able to buy a greater amount of the ware with a similar pay.
A decent with a cost far beneath what the market is eager to pay will show up toward the lower right – extremely low cost, exceptionally popularity. The costs in the middle of would then "fill in" the bend, inclining descending from the upper left to bring down right.
Answer:
Net income for the period $
Fees earned 6,510
Wages (2,887)
Rent expenses (816)
Utility expenses (310)
Depreciation expenses (201)
Miscellaneous expenses (64)
Dividend paid (<u>705)</u>
Net income <u> 1,527</u>
Explanation:
Net income is the excess of fees earned over costs and dividends paid. Thus, we will deduct all the costs and dividend paid from fees earned so as to obtain net income.
Answer:
C. operating costs that are expensed in the accounting period in which they are incurred
Explanation:
Non Manufacturing expenses are Period costs. Period Costs are the operating costs that are expensed in the accounting period in which they are incurred. Examples include selling and administrative expenses.
Remember All Manufacturing expenses are Product Costs and are used in Inventory Valuation, Setting Selling Prices and Profit determination.
Answer:
d.14,249 units
Explanation:
Break-even sales (units) = Fixed Costs ÷ Contribution per unit
Where,
Contribution per unit = Unit Selling Price - Unit Variable Cost
= $106
therefore,
Break-even sales (units) = ($1,464,000 + $46,400) ÷ $106
= 14,249
thus,
the break-even sales (units) if fixed costs are increased by $46,400 is 14,249 units.
