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4 years ago

When the supplies are endless prices tend to do what?

2 answers:

6 0

Prices tend to drop when supply increase. More rare or hard to get something is (with high demand) then the pricier it is.

NISA [10]4 years ago

6 0

For Apex it is Decrease!!!!

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The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams

Aleksandr-060686 [28]

Answer:

15,351.00 unfavourable

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

gram

300 units should have used (300× 4.6) 1380

but did used 2,400

1020

Standard price × 15.05

Material quantity variance 15,351.00 unfavourable

5 0

4 years ago

Linda’s Autoplex performs oil changes on automobiles, light trucks, and sport utility vehicles. She is a profitmaximizing busine

yan [13]

The answer is b $15.......

8 0

4 years ago

ranson Inc. has sold product to the Brandywine Company, a major customer, for $20,000. As a courtesy to Brandywine, Branson has

Ahat [919]

Answer: See explanation

Explanation:

The effective price of the transaction to Branson based on the interest rate given will be:

1. PV = FV [PVF6,2] = $10,000(0.89) = $8,900

Therefore, $8,900 + $10,000 = $18,900

Effective Discount will be:

= (20000 - 18900) / 20000 × 100

= 1100/20000 × 100

= 0.055

= 5.5%

2) PV = FV [PVF8,2] = $10,000(0.8573) = $8,573

Therefore, $8,573 + $10,000 = $18,573

Effective Discount will be:

= (20000 - 18573)/20000 × 100

= 1427/20000 × 100

= 0.07135

= 7.135%

3) PV = FV [PVF10,2] = $10,000(0.8264) = $8,264

Therefore, $8,264 + $10,000 = $18,264

Effective Discount will be:

= (20000 - 18264)/20000 × 100

= 1736/20000 × 100

= 0.0868 × 100

= 8.68%

4) PV = FV [PVF12,2] = $10,000(0.7972) = $7,972

Therefore, $7,972 + $10,000 = $17,972

Effective Discount will be:

= (20000 - 17972)/20000 × 100

= 2028/20000 × 100

= 0.1014 × 100

= 10.14%

6 0

3 years ago

Framjam Sports Equipment produces basketballs at its factory in Kentucky and soccer balls at its factory in Illinois. At its cur

liubo4ka [24]

Answer:

0.15

Explanation:

The computation of the degree of economies of scope in this case is given below:

(cost of producing basketballs + cost of producing soccer balls - annual cost of production) ÷ annual cost of production

= ($70,000 + $45,000 - $100,000) ÷ $100,000

= 0.15

7 0

3 years ago

(Inspired by the events in the Montreal cement market in 1966.) You are the CEO of Independent Cement (IC), and are considering

pychu [463]

Answer:

1) C.C. is currently selling at $ 12. So, if I.C.'s price is equal to C.C.'s it can sell to all the 400 customers. Hence, IC should keep the price at $12. The CC's price after price determination by IC will be $ 11 as doing so, CC will be able to sell to all 400 customers. Expected profits of IC will be as follows:

Sales =12 *400

Less : Marginal cost = 3*400

Expected profits = $ 3600

(2) If IC builds a small plant, then it can sell upto its capacity i.e. 100 units to 100 customers, if its price is no greater than IC. So IC can keep its price at $ 12. Expected profits of IC = 100 *12 less marginal cost i.e. 3*100 = $ 900.

As a result of above, CC will keep its price either 11 or 12.

Case 1( If CC's price is 11)

Expected profits = sales- marginal cost = 400* 11 - Marginal cost i.e. 4 * 400= 2800

Case 2 ( If CC's price is 12)

Expected profits = sales- marginal cost = 300* 12- Marginal cost i.e. 4* 300 =2400

So, CC's price would be $ 11 as it leads to maximisation of his profits

(3) The choice of size of plant will be dependent upon the profits and is driven by profit maximisation factor.

Case 1 ( If small plant is chosen)

Sales = 100 * 12

Less : Marginal cost = 100 * 3

Profits = $ 900

Case 2 ( If large plant is chosen, we should keep our price at 11 as CC would always keep the price at 11 , not 12 as it maximises its profit at 11)

Sales = 400 * 11

Less marginal cost : 3 * 400

Profits = 3200

Hence, large plant should be chosen

4 0

4 years ago