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2 years ago

Which term is defined as the lack of satisfaction a person receives from using a product repeatedly

1 answer:

Studentka2010 [4]2 years ago

5 0

Income effect - This is the increase or decrease in purchasing power brought on by changes in prices.

substitution effect-This refers to how people may buy a lower-priced product rather than a more expensiv product. This effect may change the demand for a good or service.

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A large St. Louis feed mill, Robert Orwig Processing, prepares its 6-month aggregate plan by forecasting demand for 50-pound bag

xz_007 [3.2K]

From the production plan, the budget for January is $12800, February, $16250, March $17175, April $20875, May $16900, and June $16900.

Production planning simply means the act of designing a guide for the production of a particular good or service.

It should be noted that production planning is important to ensure that all necessary preparation is completed before the start of a production cycle.

Learn more about production on:

brainly.com/question/4139284

3 0

2 years ago

What's meant by the term Gross Domestic Product? Question 14 options: The total value of all goods and services produced in a co

Sladkaya [172]

The answer is the total value of all goods and services produced in a country in a given year. I hope that helps!

6 0

2 years ago

The Green Fiddle is considering a project with sales of $86,800 a year for the next four years. The profit margin is 6 percent,

-Dominant- [34]

Answer:

This project should be rejected because the AAR is 10.68 percent.

Explanation:

The accounting rate of return of the project needs to computed,compared with the required accounting rate of return in order to decide whether the project should accepted or rejected:

Profit margin=$86,800*6%=$5208

Average operating assets=($97,500+$0)/2=$48.750

Accounting rate of return=profit margin/average operating assets*100

Accounting rate of return=$5,208/$48,750*100=10.68%

The project accounting rate of return is lower than the required accounting rate of return,hence the project should be rejected.

8 0

3 years ago

Fields Cutlery, a manufacturer of gourmet knife sets, produced 20,000 sets and sold 23,000 units during the current year. Beginn

Andreyy89

Answer:

Net income under variable costing would be $429,000.

Explanation:

Under the variable costing method the most important point to understand here is that fixed cost of the previous period ( 3000 units in this case ) would not be carried over to current period. Which means that the fixed cost and cost of goods sold be less now and the profit will increase.

NET INCOME =

SALES = $ 1035,000 ( 23,000 X 45 )

(-) COST OF GOODS SOLD = ($ 391,000) ( 23000 X 17 )

( We have multiplied 23,000 units by 17 because now those fixed cost of $5 are not carried forward to this period)

GROSS CONTRIBUTION MARGIN = $1035,000 - $391,000

= $644,000

(-)VARIABLE SELLING AND ADMINISTRATION EXPENSES = ($69,000)

( $115,000 X 60% )

CONTRIBUTION MARGIN = $644,000 - $69,000

= $575,000

(LESS) FIXED COSTS = ($146,000) [ $100,000 + $46,000 ]

1) MANUFACTURING COST = 20,000 X $5

= $100,000

2) SELLING AND ADMINISTRATION EXPENSES = $115,000 X 40%

= $46,000

INCOME = $575,000 - $146,000

= $429,000

8 0

3 years ago

Walter is a chemistry teacher who earns $50,000 per year, while Jesse is unemployed. Both Walter and Jesse want to go back to sc

katrin2010 [14]

Answer:

No, their economic cost of enrolling in the business program is not the same for both,

Explanation:

The explicit costs of going back to college are the same for Walter and Jesse, e.g. they might be $20,000 per year, or even $30,000 doesn't matter for this analysis. But Walter is currently working as a teacher and that means taht if he decides to go to college, his implicit costs will include the forgone salary as a teacher which is $50,000 per year. Implicit costs are opportunity costs, i.e. additional costs or benefits lost from choosing one activity or investment instead of another alternative.

Since Jesse is not working, whether she goes back to college or not will not affect her income, it will still be $0, but if Walter goes back to college he will lose his salary.

6 0

2 years ago