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3 years ago

How does price of related goods affect demand

1 answer:

6 0

The price of related goods is one of the other factors affecting demand. a. Related goods are classified as either substitutes or complements. ... An increase in the price of a good will increase demand for its substitute, while a decrease in the price of a good will decrease demand for its substitute.

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Polly Esther Dress Shops Inc. can open a new store that will do an annual sales volume of $837,900. It will turn over its assets

likoan [24]

Answer:

This question requires us to calculate net income and return on assets for the year.

Net income

As sales and profit margin on sales is given so net income can be calculated as follow.

Net income = sales * profit margin

Net income = 837,900 * 8% = $ 71,832

Return on investment

To calculate return on asset we first have to find total asset. Total assets can be calculated as follow.

Asset turnover ratio= Sales/ Asset

Asset = 837,900/1.9 = $ 441,000

Return on asset = 71,832/441,000 = 16.29%

6 0

4 years ago

Emery is a corporate officer of Frakking Mining Corporation. With respect to binding Frakking Mining to contracts, Emery is Grou

vivado [14]

With respect to binding Frakking Mining to contracts, Emery is: B. an agent and has the authority.

<h3>What is contract?</h3>

A contract can be defined as an agreement between two or more parties in which the parties involve tend to agreed to the terms and condition of the contract.

Hence, if Emery serves in a representative capacity for Frakking's Mining Corporation owners with regards to binding Frakking Mining to contracts, Emery is will be an agent and tend to have the authority.

Therefore the correct option is B.

Learn more about contract here:brainly.com/question/984979

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3 0

2 years ago

You pay for cheese and bread from the deli with currency. which function of money does this best illustrate? medium of exchange

Ratling [72]

Medium of exchange because it's the purchase that is in question here

3 0

3 years ago

Read 2 more answers

Ivanhoe Corporation has fixed costs of $507,200. It has a unit selling price of $9.00, unit variable cost of $7.35, and a target

nika2105 [10]

Answer:

Break-even point in units= 1,248,000

Explanation:

Giving the following information:

Unitary contribution margin= 9 - 7.35= $1.65

Fixed costs= $507,200

Desired profit= $1,552,000

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (507,200 + 1,552,000) / 1.65

Break-even point in units= 1,248,000

6 0

3 years ago

Why does supplier competition make it harder for an entrepreneur to be successful

mixas84 [53]

Answer:

because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers

Explanation:

sorry if its wrong!

6 0

3 years ago