He bought them for 5 dollars each, and there were 500 of them.
5 * 500 = 2500
He sold them for 7 dollars each,
7 * 500 = 3500
3500-2500 = 1000
He made $1,000 profit off his sandwiches.
Hope this helps!
Generally speaking, as the aggregate price level rises, aggregate demand falls, resulting in an increase in aggregate supply
When the price rises, the sellers will gain more from the sale of their products. There fore , the average aggregrate supply in the market will be increased by them
Answer:
Yes
Explanation:
This is an example of a quasi contracts which are fictional contracts that do not come from any agreement but can be imposed on the parties to the contract as if they had entered into an actual contract.
The reason behind imposing the quasi contract by the court is to ensure equity by preventing a situation whereby one party will enrich himself at the expense of another party.
The fact that quasi contracts are equitable contracts, but not legal contracts, therefore implies that the court can impose a contract between the sisters.
Answer:
$591.60
Explanation:
The computation of the future value after two years is shown below:
Future value = Present value × (1 + rate)^number of years
where,
Present value = $500
Rate = 8.5% ÷ 4 = 2.125%
Number of years = 2 year × 4 = 8 years
So, the future value after two years is
= $500 × (1 + 2.125%)^8
= $500 × 1.1831956282
= $591.60
Answer:
The change in the net operating income will be "$1,020".
Explanation:
According to the question, the values will be:
<u>Sales</u>,
- After: 1282600
- Before: 1254000
<u>Variable expenses</u>,
- After: 384780
- Before: 376200
<u>Contribution margin</u>,
- After: 897820
- Before: 877800
<u>Fixed expenses</u>:
- After: 381000
- Before: 362000
<u>The net income will be</u>:
- Before: $516,820
- After: $515,800
hence,
The change in the net operating income will be:
= 
= 
= 
($)
