Answer:
A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged
Explanation:
The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
If the price of backpack increases, the quantity of backpacks supplied would increase. This would lead to an upward movement along the supply curve.
There would be no change in supply.
Changes in price only leads to changes in quantity supplied.
I hope my answer helps you
Luna realized that the undecided group was her "target audience" , so she focused most of her effort on them.
A target audience is the target group or readership of a production, commercial, or other message. In showcasing and publicizing, it is a specific gathering of customers inside the predetermined target advertise, distinguished as the objectives or beneficiaries for a specific notice or message.
Answer:
Option (c) : $80,000
Explanation:
As per the data given in the question,
A B
Sales price $12 $22
Less: Variable cost $10 $10
Contribution per unit $2 $10
Time required in hours 0.25 0.50
Contribution per hour $8 $20
Rank 2 1
Company should produce only product B to maximize the contribution.
Total contribution = $20 × 4,000
= $80,000
The problem is missing some details. But here is the complete solution. Now consider the second alternative-5 annual payments of $2,000 each. Assume that the payments are made at the starting of each year.
N = 5
I = 10.25
---> this is computed by: [(1+i/n)^n] -1I = <span>[(1+10/2)^2] -1 = 10.25
</span>PV = O
PMT = -2,000
Using a financial calculator...
Future Value = 13, 528.90
Answer:
$1,900
Explanation:
Calculation to determine what the bad debt expense for the year is:
Accounts Receivable Uncollectible percentages 1-30 days $40,000* 1.5% =$600
31-60 days $10,000 *8.0% =$800
61-90 days $6,000 *15.0% =$900
Total $2,300
Bad debt expense =$2,300-400
Bad debt expense =$1,900
Therefore Based on this information, the bad debt expense for the year is:$1,900
