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devlian [24]
3 years ago
15

The​ real-income effect of a price change is most significant when

Business
1 answer:
katovenus [111]3 years ago
7 0
On the government to be honest
You might be interested in
A company has a process that results in 34000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
serg [7]

Answer:

After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800

Explanation:

For calculation, following things need to be considered which is shown below:

1. Product A process costing = Pounds × Per pound price

                                            = 34,000 × $8

                                            = $272,000

2. Product A costing after selling = Pounds × sale price per pound

                                                   = 34,000 × $14

                                                   = $476,000

3. Difference of costing :

=  Product A costing after selling - Product A process costing

= $476,000 - $272,000

= $204,000

4. Invested amount = $227,800

5. Actual Difference = Invested amount - costing difference

                                  = $227,800 - $204,000

                                  = $23,800

After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800

8 0
3 years ago
Many economists propose finding ways to include the harmful environmental and health costs of producing and using goods and serv
Stella [2.4K]

Answer:

correct answer is full cost pricing

Explanation:

this practice called as full cost pricing

because full cost pricing is that when the price of any product is calculate by an organization on the base of per unit direct cost of output and we add there markup for cover the overhead cost and profit

so here Full cost pricing also including harmful environmental effect and the health cost of the goods and services in  market price

so correct answer is full cost pricing

8 0
3 years ago
Dome Metals has credit sales of $270,000 yearly with credit terms of net 90 days, which is also the average collection period. A
bixtya [17]

Answer:

Net change in income = $8,100

Explanation:

Given:

Current credit sales= $270,000 per year.

Average collection period= 90 days

A 2/15, net 90 means a 20℅ discount if payment is made within 15 days.

Which means new credit terms increase will be

(90/15) * 20℅ = 120℅

We now find the following:

•Revised sales will be = (current sales * new credit terms increase)

= $270,000 * 120℅ = $324,000

•Increase in sales = ( new sales - current sales)

=$324,000 - $270,000 = $54,000

•Profit increase = (profit percent * Increase in sales)

= 15℅ * $54,000 = $8,100

• Average receivable under existing policy =

= $270,000 * (90/360) = $67,500

• Average under new policy =

$325,000 * (15/360) = $13,500

• Receivable reduction= $67,500 - $13,500 = $54,000

• Interest savings

= $54,000 * 12℅ = $6,480

• Cost of discount =

$324,000 * 2℅ = $6,480

Therefore the net change in income if new credit terms are adopted will be = (increase in profit + interest savings - cost of discount)

= $8,100+$6,480-$6,480

= $8,100

3 0
3 years ago
Jeff Jones has locked in an oil delivery price of $1.95 per gallon. His tank holds 210 gallons. If Jeff has six fill-ups during
Ilya [14]
First you would need to find the total cost for just one fill-up...

$1.95(price per gallon)*210(how many gallons the tank will hold) =$409.5 (for one fill-up)

Now to find the price for 6 fill-ups...

$409.5(for one fill-up)*6(Total number of fill-ups) =$2,457 (for 6 fill-ups)

So your answer would be $2,457
Hope this helps! :)
7 0
3 years ago
Of the 168 hours in aâ week, as a full timeâ student, you should spend how many hours per week on schoolâ work?
ehidna [41]
Personally I spend about 4 hours on schoolwork (assuming there are no projects).

(4 hours because I'm taking 4 APs)

I spend extra 2-3 hours just reviewing/studying.

The remaining time is used to have fun ;)
4 0
3 years ago
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