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Andrei [34K]
3 years ago
9

after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin hel

p increase the chance of long-term success for your business, even if additional competition enters your community.
Business
1 answer:
svetlana [45]3 years ago
4 0

Answer:

Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.

Explanation:

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Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a
atroni [7]

Answer: Check attachment

Explanation:

Apr. 17:

Account payable:

= $6500 - $900

= $5600

Merchandise Inventory

= $5600 × 2%

= $5600 × 0.02

= $112

Cash = $5600 - $112

= $5488

Apr. 28:

Account payable:

= $12300 - $500

= $11800

Merchandise inventory

= $11800 × 1%

= $11800 × 0.01

= $118

Cash = $11682

Check attachment

8 0
4 years ago
For a representative farm before the​ study, the economic loss is equal to
mario62 [17]

Answer:

B. the difference in price and​ long-run average cost multiplied by the quantity produced.

<em />

<em>Note, The complete exercise was found due to a online research. </em>

Explanation:

Take a look to the image attached. Will help you to understand the exercise.

5 0
3 years ago
A manufacturer of hospital supplies has a uniform annual demand for 320,000 boxes of bandages. It costs ​$10 to store one box of
strojnjashka [21]

Answer:

Number of times for production  = 10 times

Explanation:

<em>Economic batch quantity (EBQ) i</em><em>s also known as economic production run, It is the optimum production run that a manufacturer should operate to minize set up cost and carrying cost. </em>

Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production

The number of times the company should produce =

Annual demand / the economic production run(EBQ)

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch

Where ,

D - annual demand -320,000,

Ch -holding cost per unit per annum - $10

Co- set up cost - $160 ,

= √ (2 × 160× 320000/10)

= 3200

Number of times for production

= 320,000/3,200

= 10 times

3 0
3 years ago
The faculty member on my study abroad trip to Costa Rica has traveled there many times and is quite knowledgeable about the coun
Sedbober [7]

Answer:

B. Expert power

Explanation:

Based on the information provided regarding this scenario it can be said that the faculty member was using Expert Power. Expert Power is defined as the use of expert knowledge in order to get a subordinate to follow an instruction or order. Which in this specific scenario, the faculty members unique knowledge and experiences regarding Costa Rica allowed the other faculty members to look to him for guidance when dealing with topics revolving around Costa Rica.

8 0
3 years ago
At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and Energizer sells 15,000 packs of batteries
Verdich [7]

Answer:

28,000

Explanation:

To get this answer you have to assume perfect competition scenario, since in this case supply = demand. In this case:

At $7,5

Energizer sells 16,000 => Supply Energizer = 16,000

Duracell sells 12,000 => Supply Duracell = 12,000

Total Supply = 16,000+12,000

6 0
3 years ago
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