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Burka [1]
3 years ago
9

Which statement best explains the law of supply?

Business
2 answers:
Julli [10]3 years ago
8 0

Answer:

<h3><em>The answer is </em><u><em>A</em></u></h3>

Explanation:

The quantity supplied by producers increases as prices rise and decreases as prices fall.

oee [108]3 years ago
5 0

(P.S. - in the future you will get better help when you add the possible answer choices!)

The law of supply states that, all other things equal/consistent) an increase in price will result in an increase in supply.

This is because as the price of a product goes up and up, more and more companies will be willing to sell it. The inverse is also true.. as the price goes down, fewer companies will bother selling the item.

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Adams Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales
vagabundo [1.1K]

Answer:

Expected contribution as per sales mix = $37*0.60 + $50*0.40

= $22.20 + $20

= $42.20 per unit

Total number of products in total at break even point = Total fixed cost / Contribution per unit

= $227,880 / $42.20 per unit

= 5,400 units

How many units each of Super and Supreme must Adams sell to break even?

<u>According to sales mix:</u>

Super = 5,400 * 60% = 3,240 units

Supreme = 5,400 * 40% = 2,160 units.

3 0
2 years ago
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7 0
2 years ago
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating inco
Charra [1.4K]

Answer:

Debt ratio = 56%

Times Interest earned = 5 times

Explanation:

<em>The debt ratio is the proportion of the total assets amount that is financed by debt . It is a measure of financial risk. A company with a high debt ratio (in excess of 50%) is considered financially risky. That is may not be able to meet its short term financial obligations</em>

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2 years ago
Should Shaun use gross pay or net pay when creating his budget? Explain your<br> reasoning.
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Answer:

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