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Bad White [126]
3 years ago
7

A marketing firm determined that, of 200 households surveyed, 80 used neither Brand A nor Brand B soap, 60 used only Brand A soa

p, and for every household that used both brands of soap, 3 used only Brand B soap. How many of the 200 households surveyed used both brands of soap?
Business
1 answer:
morpeh [17]3 years ago
3 0

Answer:

those that use both soaps= 15 households

Explanation:

From the survey households use the following:

Neither soap A nor B= 80

So those that use soap= 200- 80= 120

Only soap A= 60

So those that use only soap B or both= 120- 60= 60

For every household that used both brands of soap, 3 used only Brand B soap.

So assume out of 4 households 1/4 use both soaps, and 3/4 use soap B

Therefore those that use both soaps= (1/4)*60

= 15 households

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A watch manufacturer incurs a variable cost of $10 per watch and fixed costs of $400,000. To earn a 25 percent markup on selling
WITCHER [35]

Answer:

$22.50 per unit

Explanation:

Mark -up is the percentage of cost that is earned as profit.

Using mark-up,

Selling price = Total cost + total profit

Total cot = Fixed cost + variable cost

Total costs = $400,000 +  (10× 50,000)

                   = $900,000

Sales revenue = 125%× 900,000

                       = 1,125,000

Selling price per unit = Sales revenue/units

                       =1,125,000/50,000

                     = $22.50 per unit

6 0
3 years ago
Read 2 more answers
Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a
Aloiza [94]

Answer: C. Debit cash $71,000; debit land $132,000; credit Common Stock $203,000.

Explanation:

From the question, we are informed that Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a new business, RR Consulting.

The journal entries will RR Consulting make to record this transaction will be:

Debit cash $71,000; debit land $132,000; credit Common Stock $203,000.

7 0
3 years ago
Read 2 more answers
Old Tired Professor Mullen, Inc. has $20,000 of ending (EI) finished goods inventory. If beginning (BI) finished goods inventory
Zolol [24]

Difference between beginning and ending CoG: 20,000-10,000 = 10,000

Difference + sold:

10,000 + 40,000 = 50,000

Answer: $50,000

3 0
3 years ago
In the context of management planning, _____ refers to high-level, long-term planning that establishes a vision for the company,
ziro4ka [17]

Answer:

Strategic Planning

Explanation:

Strategic plan accounts for long term <em>goals </em>and <em>vision</em> of a company. While planning strategically, leaders draw the road map for their company which solves <em>how-to questions</em> in achieving those goals. Moreover, through their set priorities, the company's <em>value</em> and <em>vision</em> would also be sorted out. As there are multiple planning dimensions, strategic planning can be differentiated from the others by identifying these 2 factors.

  1. Time Horizon: Strategic planning is done for the long term usually for 5-6 years.
  2. Formation of plan: Within the hierarchy of an organization only high-level leaders are the ones responsible to come up with strategic planning.
5 0
3 years ago
The basic economic problem is that consumers have too many products and services to choose from.
pentagon [3]
I would say it would be True, as consumers may get overwhelmed with to many choices
8 0
3 years ago
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