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3 years ago

The supply of coffee has increased twice as much as the demand for coffee. As a result, we can predict a(n):

1 answer:

8 0

Increase in the supply of coffee will result to a decrease in price of coffee, this is because there is more coffee in the market compared to the quantity demanded by the consumers. Hence, the surplus coffee in the market will make the suppliers or the sellers to lower the price so as to clear the stocks.

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Chik’s Chickens has accounts receivable of $6,333. Sales for the year were $9,800. What is its average collection period?

MAXImum [283]

Answer:

The answer is 235 days

Explanation:

Average collection period can also be called Days' outstanding period. And it is the number of days it takes a business to collect its money or receivables from the goods or services sold on credit.

Days' reveivables period or Average collection period = 365 days / reveivables turnover.

Receivables turnover = Sales/ average receivable

$9,800/$6,333

= 1.55

Average collection period=

365 days/1.55

=235 days

6 0

3 years ago

A project has an initial cost of $10,600 and produces cash inflows of $3,700,$4,900,and $2,500 for Years 1 to 3,respectively.Wha

Tatiana [17]

Answer:

The project will never pay the initial investment.

Explanation:

<u>The payback period is the time required to cover the initial investment.</u>

We need to use the following formula on each cash flow:

PV= Cf/(1+i)^n

PV1= 3,700/1.075= 3,441.86

PV2= 4,900/1.075^2= 4,240.13

PV3= 2,500/1.075^3= 2,012.40

<u>Now, the payback period:</u>

Year 1= 3,441.86 - 10,600= -7,158.14

Year 2= 4,240.13 - 7,158.14= -2,918

Year 3= 2,010.4 - 2,918= -907.6

The project will never pay the initial investment.

4 0

2 years ago

Dogs R Us has two product lines: collars and leashes. Income statement data forecasted for next year is as follows: COLLARS LEAS

Temka [501]

Answer: -$2,565

Explanation:

Operating Income with the Leashes line is $11,000.

If the Leashes line is dropped, the operating income would be:

= Sales of Collars - Variable expenses - Fixed expenses of Collars - Residual fixed expenses pf Leashes

= 210,000 - 135,000 - 56,000 - (38,000 - 27,435)

= $‭8,435

Change in Total income = Income without Leashes - Income with LEASHES

= 8,435 - 11,000

= -$2,565

8 0

3 years ago

Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoli

kodGreya [7K]

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

4 0

3 years ago

hEY BRAINLY USERS IHAVE LITTLE FAVOR TOASK YOU GUYSI REALLY WANT TO BECOME THE FRIST GIRL AT MY SCHOOL TO BECOME A vice Presiden

julsineya [31]

Answer:

writing your assets down and showing people that could help. or taking on a smaller role and excel at that to prove you deserve more responsibility.

Explanation:

6 0

3 years ago