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AleksAgata [21]

2 years ago

12

"if both supply and demand decrease" simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity i

s _________________.

1 answer:

lisabon 2012 [21]2 years ago

4 0

The new equilibrium price is higher and the new equilibrium quantity is higher

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Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.5

stellarik [79]

Answer:

correct option is (A) 16,500 units.

Explanation:

given data

shirts sold = $7.50

variable cost = $2.25

after tax net income = $5,040

selling price =$10

solution

we get here first fixed cost that is

Break even sales units = Fixed costs ÷ Contribution per unit .............1

put here value

20000 = $\frac{fixed \ cost }{7.50 -2.25}$

Fixed costs = $105000

and

Fixed costs coming year will be

Fixed costs coming year = ($105000 × 1.10)

Fixed costs coming year = $115500

and

Variable cost = $2.25 + ($2.25 × $\frac{1}{3}$ )

Variable cost = $3

so that Contribution margin will be

Contribution margin = Sales price - Variable cost ............2

Contribution margin = $10 - $3

Contribution margin = $7

and

break even sales units is

break even sales = $\frac{115500}{7}$

break even sales = 16500 units

so correct option is (A) 16,500 units.

4 0

3 years ago

1)If an interest rate is fixed that means the rate

Bad White [126]

Number 1 is B
number 2 is C

7 0

3 years ago

Read 2 more answers

Who determines whether a corporation will pay dividends to stockholders?

weqwewe [10]

The board of directors will pay dividends to the stockholders.

5 0

2 years ago

The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en

yulyashka [42]

Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

3 0

2 years ago

Read 2 more answers

When a pizza maker lists the price of a pizza as $10, this is an example of using money as a:

RideAnS [48]

When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account

<h3>What is a unit of account?</h3>

A unit of account is a standard numerical unit of money used for measuring goods and services.

According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.

Learn more on unit of account here; brainly.com/question/12730352

#SPJ12

8 0

2 years ago