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3 years ago

Often consumers base their perception of price on what they perceive to be the customary or ________.

Business

2 answers:

lawyer [7]3 years ago

8 0

Often consumers base their perception of price on what they perceive to be the customary or fair price. 

ycow [4]3 years ago

3 0

Based on other stores, and what their prices are too

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The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin

eduard

Answer:

b. 51,429 units

Explanation:

If x = Number of units

Net Income = Sales Revenue - Variable Cost - Fixed Cost

Net Income = Contribution Margin - Fixed Cost

where,

Net Income = $80,000

Contribution Margin per unit = $3.50

Fixed Cost = $100,000

Contribution Margin = Net Income + Fixed Cost

$3.50x = $80,000 + $100,000

$3.50x = $180,000

Dividing the above equation by $3.50 we get

x = $180,000 / $3.50

x = 51,429 units

Hence 51,429 number of units must be sold to generate the net income of $80,000.

3 0

2 years ago

g Two countries produce bananas and sugar. In Country X each worker in a one-day period can produce either 15.4 pounds of banana

faltersainse [42]

Answer:

country X will export 27 pounds of Bananas for 4.21 pounds of sugars

Explanation:

For country X

1 labor period = 15.4 pounds of bananas

1 labor period = 2.4 pounds of sugar

next calculate opportunity costs

opportunity cost of 1 pound of Banana = 2.4 / 15.4 = 0.1558

opportunity cost of 1 pound of sugar = 15.4 / 2.4 = 6.4167

For country Y

1 labor period = 8.7 pounds of bananas

1 labor period = 3.1 pounds of sugar

opportunity cost of 1 pound of banana = 3.1 / 8.7 = 0.3563

opportunity cost of 1 pound of sugar = 8.7 / 3.1 = 2.8064

when the opportunity costs are compared

Country X has a lower opportunity cost for the production of banana while

Country Y has a lower opportunity cost for the production of sugar

Hence country X will export Banana

I pound of Banana will be exported for 0.1558 sugars

i.e. 27 pounds of Bananas will exchanged for ( 27 * 0.1558 ) sugars

27 pounds of Bananas = 4.21 pounds of sugars

7 0

3 years ago

Lester Moy bought two new Michelin Tires for his car at $99.55 per tire. He was also charged $4.95 per tire for mounting, $2.65

Arte-miy333 [17]

You have to do some adding and multiplying. first 99.55 times 4 tires

3 0

3 years ago

Having a savings account can contribute to a person’s overall financial well-being. Which one of the following is NOT a benefit

Elis [28]

The answer is C..............

7 0

3 years ago

The new employees are expected to receive $13 million of Fast Start training that will be provided by a state workforce developm

Gwar [14]

Answer:

The correct answer is "key assumption"

Explanation:

In a business plan, the term key assumption refers to the sum of the plan, workforce, place, time and all the resources that you need to manage your business. Every business plan is filled with assumptions.

The objective is to identify is a project would be profitable or not,

Usually, investors use the key assumptions, before they decide to put in money.

5 0

3 years ago