I think it’s D but I’m not sure
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Answer:
$36,070
Explanation:
Given that,
Contribution margin ratio = 61%
Fixed monthly expenses = $47,500
sales = $137,000
Contribution margin:
= Sales × Contribution margin ratio
= $137,000 × 61%
= $83,570
Net income = Contribution margin - Fixed monthly expenses
= $83,570 - $47,500
= $36,070
Therefore, the best estimate of the company's net operating income in a month is $36,070.
Answer:
attached diagrams
Explanation:
As the freeze decrease teh output of coffee the supply decreased heavily. This make the price of coffee go up which decreased demand. This makes consumer move to substitute goods like tea making increase their demand. This ended with a greater price of both, coffee and tea.
In the market economy there are two important factors, supply and demand, which are the regulators of the market price.
The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.
Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a <em>movement to the left</em>.
Answer
(A) the supply curve to shift to the left.
