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zlopas [31]
3 years ago
11

What would happen to the demand curve for movie tickets if the cost of making movies increased sharply? 2. What would happen to

the demand curve for movie tickets if the price of a pay-per-view movie rental increased by $5.00? 3. What would happen to the equilibrium price and the supply curve for loaves of bread if the bakery agreed to give its workers a 10 percent raise in pay?
Business
1 answer:
Romashka [77]3 years ago
3 0

Answer:

Demand curve will drop

Explanation:

Whenever the cost of production increases in optional commodities and services, the demand is likely to drop because such product or services if produces in large quantity may not bring back the cost incurred, and besides such product or services can be substituted for something else. Production is simply affected.

If price increase in the cost of the product or services, demand will could drop if it is a none essential commodity. This is so because price determines production rate and the product or services in question.

As for bread which is an essential commodity, an increase in employees pay will be factored into the price of production and cost increased alongside demand because it is food item and not an optional product and services.

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A _____ strategy is a way of obtaining customers by making decisions that allow an organization to produce goods or services mor
Rashid [163]
The answer to this question is what we called the low cost strategy. The low cost strategy is a type of pricing strategy where in the company offers a very low price for its products and services in order to produce more goods and service. The price for this strategy is more cheaper than the competitors.
4 0
3 years ago
Sales have decreased for two consecutive quarters at your business. You have been instructed to inform your sales team that thei
Ira Lisetskai [31]

Answer:

To: The Sales Team

From: Henry Cavill, Vice President, Employee Relations

Date: 13 July 2021

Subject: Revisions in Compensation Structure of Sales Department

Dear All,

As you all are going to be knowing, the sales of the corporate have been decreasing since the last 2 quarters. The performance of the half-moon was rock bottom sales achieved by the corporate, within the last 5 years. As a result of this, the corporate and management have decided to require certain strict decisions.

The management has decided to scale back the bottom pay also because of the work hours of the sales team by 20%. This reduction is going to be applicable to all or any levels of the sales division. This decision has been taken in an attempt to form up for the losses, faced by the corporate, thanks to the negative overall performance of the sales team. The new compensation structure is going to be applicable from May 1st, 2019, and can be in practice till the general performance of the sales team bounces back.

In this duration, the corporate also will be observing the performance of the members of the sales team. The compensation of sales employees, who will display extra-ordinary performance, are going to be rewarded by the corporate within the corresponding quarter. Hence, all employees must be motivated to perform their best during this critical time, faced by the corporate.

The management hopes that the workers will understand the company’s perspective during this hard time. We hope things will become better and brighter quite soon. don't hesitate to follow up with me just in case of any doubts or clarifications.

Regards,

Henry Cavill

Vice President, Employee Relations

4 0
3 years ago
The management of Mitchell Labs decided to go private in 2002 by buying all 3.50 million of its outstanding shares at $22.50 per
Roman55 [17]

Answer:

Initial cost to Mitchell Labs to go private = $78.75 million

Total value = $121.60 million

Percentage return = 54.41%

Explanation:

As per the data given in the question,

a)

Initial cost to Mitchell Labs to go private = Price per share×no. of shares

= $22.50 × 3.50 million

= $78.75 million

b)

Total value = Sale proceeds + Current share value

= Sale proceeds +[(P ÷ E × EPS) × No. of shares]

= $12.50 million +$7.75 million +$24 million + [(17× $1.30) × 3.50 million]

= $44.25 million + $77.35 million

= $121.60 million

c)

Percentage return = ($121.60 million - $78.75 million) ÷ $78.75 million

= 0.5441

= 54.41%

7 0
3 years ago
Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quant
Effectus [21]

The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.

<h3>What is a write off in accounting?</h3>

This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.

It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.

Read more on a write off here:

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#SPJ1

6 0
2 years ago
What’s the difference between earned income and costs
irga5000 [103]

Answer:

The distinctions between earned income and gross income are especially important to understand in relation to tax accounting. Report either one incorrectly and you could end up paying more in taxes than you really need to.

Gross income is everything that an individual earned during the year, both as a worker and as an investor. Earned income includes only wages, commissions, and bonuses, as well as business income, minus expenses, if the person is self-employed.

Gross Income

According to the U.S. Internal Revenue Service (IRS), gross income is defined as all facets of income an individual has received throughout any given year. Gross income includes all the same measures that constitute earned income—namely, wages or salary, commissions, and bonuses, as well as business income net of expenses if the person is self-employed. However, gross income also includes investment income in the form of interest and dividends, as well as retirement income derived from retirement account withdrawals. Additionally, gross income includes Social Security benefits, as well as Social Security Disability benefits, unemployment payments, alimony, and child support.

Earned Income

According to the IRS, earned income includes certain earnings over the course of any given year, as defined previously, but not investments. Earned income may also include the fair market value of certain fringe benefits that are deemed taxable through an employer under the direction of the IRS guidelines, long-term disability benefits received prior to minimum retirement age, and strike benefits from involvement in union activities. Earned income does not include the same range of income that is accounted for under the purview of gross income.

Key Differences

Prior to filing a tax return, it is important to understand the differences between gross income and earned income. Other commonly used tax terms individuals should understand include adjusted gross income (AGI) and modified adjusted gross income (MAGI). Each of these is used in a different way to determine total taxable income and, ultimately, your total tax obligation based on your net income for the year.

Gross income is considered total income for the purpose of tax preparation and filing, and it is used to further determine total tax liability. This figure is also the starting point for calculating adjusted gross income, which is your income after deductions, and modified adjusted gross income, which is similar to adjusted gross income but with certain deductions added back to the total.

Explanation:

8 0
3 years ago
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