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UkoKoshka [18]
3 years ago
7

If the inverse demand function is:

Business
1 answer:
Vesnalui [34]3 years ago
8 0

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

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Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw
svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0
3 years ago
Which of the following is an example of human resources planning?
zepelin [54]
It’s B :) because it ensures what fits best to the company about employees idk if that make sense.
5 0
2 years ago
Use the drop-down menu to complete each statement.
podryga [215]

According to this graph, at $10 the quantity supplied is about 14.

As the price of the good rises, the quantity supplied will be increasing.

In the graph, as the price of the good is rising the quantity supplied is also rising, When the price is $10.00 then the quantity supplied is 14 when the price is $15.00 then the quantity supplied is 24 and when the price is $17.50 the quantity supplied is 30.

The volume of a resource, service, or item that people are prepared and able to sell during a certain time period at a given price. If a good's price increases, more of that good is supplied, all other things being equal. When a product's price declines, less of that product is produced.

Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.

The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services and vice versa.

Learn more about the Law of Supply here:

brainly.com/question/17805586

#SPJ1

5 0
1 year ago
John Peterson purchased a bond at a price far below its face value; it that makes no interest payments and will be redeemed at i
nadezda [96]

Answer:

zero-coupon

Explanation:

According to my experience with different investment assets, I can say that based on the information provided within the question he purchased a zero-coupon bond. This is an bond asset that the individual may redeem at the time of maturity for the same price that he purchased the bond. Just like mentioned in the question.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
At the beginning of the year, Cullumber Company had total assets of $864,000 and total liabilities of $523,000. (Treat each item
Radda [10]

Answer:

a. $583,000

b.  $878,000

c. $330,000

Explanation:

In this question, we have to use the accounting equation which is presented below:

Total assets = Total liabilities + stockholder's equity

$864,000 = $523,000 + stockholder's equity

So, the stockholder's equity = $864,000 - $523,000 = $341,000

a. New assets = Old assets + addition

                       = $864,000 + $156,000

                       = $1,020,000

New liabilities =  Old liabilities - reduction

                       = $523,000 - $86,000

                       = $437,000

So, the stockholder's equity = $1,020,000 -  $437,000 = $583,000

b. New liabilities =  Old liabilities + addition

                           = $523,000 + $91,000

                           = $614,000

New equity =  Old equity - reduction

                   =  $341,000 - $77,000

                   = $264,000

So, the total assets = New liabilities + New equity  

                                =  $614,000 + $264,000

                                = $878,000

c. New assets = Old assets - reduction

                       = $864,000 - $90,000

                       = $774,000

New equity = Old equity + addition

                   = $341,000 + $103,000

                   = $444,000

So, the total liabilities = $774,000 - $444,000 = $330,000

7 0
3 years ago
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