1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Deffense [45]
3 years ago
14

In 2013, the market price for a 3,000 square foot home in south tampa, florida was $350,000 and 358 new homes were built. in 201

4, the market price for a 3,000 square foot home in south tampa, florida increased to $385,000 and, holding all else equal, 534 new homes were built. using the midpoint method, what is the elasticity of supply for new homes in south tampa?
Business
1 answer:
vivado [14]3 years ago
7 0
Answer would be .24, according to my "calculations"
You might be interested in
Which of the following is NOT a valid principle of bottleneck​ management?
Gekata [30.6K]

Answer: Option (B)

Explanation:

In project and production management,  bottleneck is referred to as one of the process under chain of processes, so that reduced limited capacity tends to reduce capacity of whole chain. The result or outcome of having the bottleneck is the stalls in supply overstock, production, pressure from consumers and also the low employee morale.

8 0
2 years ago
Becky had net credit sales in 2020 of $2,000,000. At December 31, 2020, before adjusting entries, the balances in selected accou
denpristay [2]

Answer:

Following Becky's estimation, the bad debt expense must be equal than the 8% of the total credit, less the value already booked in the balance sheet accounts (doubtful accounts).

Explanation:

In this case, 2,000,000*8%=160,000. Then this 160,000 must be subtracted to 2,200 (160,000-2,200=157,800). Finally, the bad debt expense to be reported is $157,800

3 0
3 years ago
Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (
Fofino [41]

Answer and Explanation:

1.

The direct labor overhead rate using the direct labor hours is shown below:-

Direct labor overhead rate = Total overheads ÷ Direct labor hours

= $220,800 ÷ 1,725

= $128

b. The machine hour overhead rate using the machine hours is

= Total overhead ÷ Machine hours

= $220,800 ÷ 4,600

= $48

2.

The factory overhead costs using direct labor hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Direct labor            

hours                        730                 480                515

Overhead rate         $128               $128              $128

Total                        $ 93,440        $61,440        $65,920     $220,800

For determining the total overhead we simply multiply the direct labor hours with overhead rate.

The factory overhead costs using machine hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Machine hours          1,970               1,270         1,360

Overhead rate            $48                  $48              $48

Total overhead        $94,560         $60,960    $65,280      $220,800

For determining the total overhead we simply multiply the machine hours with overhead rate.

7 0
3 years ago
According to the principle of comparative advantage, Group of answer choices countries should specialize in the production of go
Vanyuwa [196]

Answer:

should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

Country A should specialise in the production of beans and B  should specialise in the production of rice

4 0
2 years ago
Determine Digby's current strategy. How will they seek a competitive advantage? From the following list, select the top five sou
GalinKa [24]

Answer:

Please find the detailed answer as follows:

Explanation:

After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:

  • Increase demand through TQM initiatives .
  • Offer attractive credit terms .
  • Seek excellent product designs, high awareness, and high accessibility .
  • Seek high plant utilization, even if it risks occasional small stockouts .
  • Reduce cost of goods through TQM initiative.

Related concepts to understand the problem.

Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.

5 0
3 years ago
Other questions:
  • Oct. 1 Stockholders invest $30,740 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an an
    11·1 answer
  • When a company lends cash to a customer who signs a promissory note: total assets decrease when the lending transaction occurs,
    11·1 answer
  • Which of the following will increase investment spending
    9·1 answer
  • If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of
    5·1 answer
  • A client is visiting the prenatal clinic for the first time. While giving the nursing history the client states that her last me
    9·1 answer
  • A company had calculated net income to be $77,850 based on the unadjusted trial balance. The following adjusting entries were th
    9·1 answer
  • Jameson purchased an alarm system for his car during a promotion. He considered the price after the promotion to be very attract
    14·1 answer
  • If you are projecting your future financially, what are your
    7·1 answer
  • A home mortgage loan closed on July 1 for $165,000 at 4.5% interest amortized over 30 years at $836.03 per month. Using a 360-da
    6·1 answer
  • Assess the trade-offs that investors face when making investment decisions, and provide one example of such a trade-off.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!