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Fudgin [204]
3 years ago
13

"the price elasticity of supply measures how much"

Business
1 answer:
kherson [118]3 years ago
7 0
The price elasticity of supply measures how much the supply of a certain good/service responds to price change. Price change can impact the demand and in turn affect the supply of certain goods. Supply is considered elastic if there is a significant change in supply as the price changes, but if price does not significantly affect supply, then it is deemed inelastic. 
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At january 31, 2015, the balance in aislers inc.’s supplies account was $750. during february, aislers purchased supplies of $90
netineya [11]
Beginning balance 750
Add supplies purchase 900
Less supplies used 1125

Supplies on hand at the end of february is
750+900−1,125=525...answer

Hope it helps!
3 0
4 years ago
Select the correct answer
Alika [10]

Answer:

true.

no need to explain.

4 0
3 years ago
Read 2 more answers
Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made
olchik [2.2K]

Kalim could have avoided this by seeing how much the most popular food product and lease a price it through that range.


For example, Bananas are 14$, and Pizza is 95$

He could have made the price 30 - 60$.  

8 0
3 years ago
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Direct Materials Used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in in
sp2606 [1]

Answer:

$118,000

Explanation:

The formula and the estimation of the direct material used is shown below:

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Adding the purchased amount and deducting the ending raw material balance to the beginning raw material balance for computing the direct material used

4 0
3 years ago
Which of the following is the correct order for the preparation of the listed budgets? A) Budgeted income statement, sales budge
konstantin123 [22]

Answer:

The correct option is C,sales budget, direct material purchases budget, budgeted income statement

Explanation:

Te correct order in preparing budgets is to first of all have a sales forecast based on information on previous years' sales figures as well as looking at the future economic outlook.

When sales forecasts are made based on educated guess,the sales budget is prepared using the most appropriate selling price  per unit.

Thereafter,based on the number of units planned for sales,the required materials needed to accomplish the sales level is forecast,hence direct material purchases budget is prepared with informed unit cost of material.

Lastly,the income statement which encompasses both revenue from sales budget in addition to costs from direct materials purchase budget is finalized.

8 0
4 years ago
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