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3 years ago

Which of the following best describes how consumers let

Business

2 answers:

gavmur [86]3 years ago

6 0

Answer:

A. The purchases consumers make indicate their desires to producers.

Explanation:

The sales report of a company is the total of all customer purchases. The sales performance report communicates vital information to the management of an organization.

If the sales of a particular product are high, it signals that its demand is high. Management can decide to increase the price or maintain it. If sales are low, the organization should consider reviewing the price downwards , or withdrawing the product from the market.

kari74 [83]3 years ago

5 0

Answer:

Explanation:

I just took the test

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Measuring performance relative to objectives and standards is part of ___________.

alekssr [168]

It would be part of controlling

5 0

4 years ago

A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:

Elena-2011 [213]

Revenue = $752,800
Cost of goods sold = $301,800

To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000

The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.

7 0

4 years ago

Apartments is a â€‹-unit apartment complex. When the apartments areâ€‹ 90% occupied, monthly operating costs total $220,040. Whe

AnnyKZ [126]

Answer:

Missing word "Use the high-low method to determine operating cost equation y=$_____, x + $ = ____"

Cost on (800*90%)=720 units is 220,040

Cost on (800*80%) = 640 Units is 215,480

Variable cost per unit = Changes in total cost/High activity-low activity = 4560 / 80 = $57 per unit

Fixed cost = Total cost - Variable cost = 220,040 - (720*$57) = 220,040 - 41,040 = $179000

Cost equation:

Total cost = Fixed cost + Variable cost per unit

Y = 179000 + 57X

Y = 179000 + (57*440)

Y = $204,080

3 0

3 years ago

Entity B bought equipment for $240,000 on January 1, 2021. It estimated the useful life to be 3 years with no salvage value, and

mezya [45]

Answer:

Part 1

Revised depreciation expense = $32,000

Part 2

The entry to record depreciation expense :

Debit : Depreciation Expense $32,000

Credit : Accumulated Depreciation $32,000

Explanation:

Straight line method charges a fixed depreciation charge over the year of use of an asset.

Depreciation expense = (Cost - Salvage Value) ÷ Estimated Useful Life

2021

Depreciation expense = $80,000

2022

Old Depreciation expense = $80,000

New Depreciation expense = Depreciable Amount ÷ Remaining Useful Life

= ($240,000 - $80,000) ÷ 5

= $32,000

7 0

3 years ago

Suppose gold (G) and silver (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th

maksim [4K]

Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

$P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020$

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

$P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980$

Equilibrium price of gold is $1,300 and the price of silver is $980.

8 0

3 years ago