Answer:
This manufacturer should have to take the option of dropping Dillard's and including Macy's and Saks Fifth Avenue.
Explanation:
When manufacturers produce, they do so for the sake of gains and profits. A larger market provides bigger profits compared to a smaller one.
This question tells us that this manufacturer has a greater number of customers looking to get there products at Neiman Marcus, Macy's, and Saks Fifth Avenue. So since these places would provide him a bigger market, so he should partner with these retail markets (Neiman Marcus, Macy's, and Saks Fifth Avenue) and drop the market with just few customers (dillards).
Answer:
A.) 33,000
Explanation:
The computation of the gross profit is as follows;
But before that following calculations need to be done
Percentage of completion = Cost incurred in 2020 ÷ Total cost
where,
Total cost = Cost incurred + estimated cost
= $180,000 + $200,000
= $380,000
Now
Percentage of completion is
= $180,000 ÷ $380,000
= 47.368%
Now
Revenue to be recognized in year 2020 is
= contract revenue × percentage of completion
= $450,000 × 47.368%
= $213,156
So,
Gross profit = Revenue - Cost
= $213,156 - $180,000
= $33,156
= $33,000
Answer:
$56.40
Explanation:
Value of the share = D10/(r-g)
Value of the share = 14/(0.125-0.039)
Value of the share = 14/0.086
Value of the share = $162.79
The current price of the share = Value of the share / (1+R)^9
The current price of the share = 162.79/1.125^9
The current price of the share = 162.79/2.88650757819
The current price of the share = 56.39687254937967
The current price of the share = $56.40
Answer:
If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.
Explanation:
given data
MC = MR.
average total cost of producing wheat = $26
price of wheat = $10
solution
As long as the cost of a bushel of wheat ($ 6) exceeds the variable production cost of a bushel of wheat ($ 4), the farmer should continue to produce wheat. He loses $ 2 per bushel, but loses $ 4 if he stops producing wheat.
If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.
Answer:
The correct answer will be option B.
Explanation:
A decline in the market demand will cause the demand curve to shift to the left. This leftward shift in the demand curve will lead to a decrease in the price as well as quantity. As the price of the commodity decline, the supply will get reduced as well. This is because supply and price are directly related.
A reduction in supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will cause an increase in the price until it reaches the initial level.
At this point, the quantity will be lower than earlier but the price will remain the same.
