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3 years ago

The demand by all the consumers of a given good or service is the ________ for the good or service.

Business

1 answer:

Ipatiy [6.2K]3 years ago

4 0

Answer:

Market demand

Explanation:

Market demand is the sum of each individual's demand for a good or service

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) Prestwich Company has budgeted production for next year as follows: First Quarter Second Quarter Third Quarter Fourth Quarter

grigory [225]

Answer:

165,000 pounds ($495,000)

Explanation:

To determine the budgeted purchases of material A in pounds for the second quarter, prepare a Materials Purchases Budget as follows :

<u>Materials Purchases Budget</u>

Pounds

Materials Required for Production (80,000 x 2) 160,000

Add Closing Materials Inventory (90,000 x 2 x 25%) 45,000

Total Materials 205,000

Less Opening Materials Inventory (80,000 x 2 x 25%) (40,000)

Material Purchases 165,000

Cost per unit $3

Budgeted Materials Cost $495,000

6 0

3 years ago

Destin Company signs a contract to manufacture a new 3D printer for $80,000. The contract includes installation which costs $4,0

amm1812

Answer:

From the question, the contract stipulates that Destin Company has three (3) performance obligations.

1. Manufacture a new 3D printer

2. Installation of the 3D printer.

3. Maintenance of the 3D printer over the life of the printer.

All three of these are to be performed by Destin Company for the client they signed the contract with.

4 0

3 years ago

A firm follows a(n) ________ when less than 70 percent of its revenues come from a single business and there are few, if any, li

zysi [14]

Answer:

A. Unrelated diversification strategy

Explanation:

A firm follows an unrelated diversification strategy when less than 70 percent of its revenues come from a single business and there are few, if any, linkages among its businesses.

Diversification: This is the art of entering product markets which is different from those in which the firm is currently engaged in. This implies that diversification is when firms direct resources into a new product, that is, producing a different type of product from the existing one.

Diversification is divided into two

1. Related diversification

2. Unrelated diversification

1. Related diversification: This is the process in which the two products involved have a form of commonalities. This result to enjoying economies of scale.

2.Unrelated Diversification: This form of diversification occurs when a firm adds unrelated product lines and penetrates new markets. The new product introduced has to relation or connection with the the previous or existing product.

Unrelated diversification can be accomplished using the following methods:

1. Developing new competences to use new market opportunities.

2. Using the existing basic competences of the company and expanding from existing markets into new ones and starting new lines of production.

3. Penetrating completely new markets. Usually such opportunity can be identified as a result of the main company business.

5 0

3 years ago

A vendor has learned that, by pricing caramel apples at $1.25, sales will reach 111 caramel apples per day. Raising the price to

Wittaler [7]

Solution:

Slope = y2 - y1 / x2 -x1

slope = 81 - 111 / $2.00 - $1.25

slope = -30/$0.75

So every $0.75 increase causes a decrease of 30 sales.

So the rise over run or slope of the line is -30/0.75 = -40/1

Start forming the equation:

y = mx + b

y = -40x + b

Substitute one of the points to find the y-intercept:

81 = -40(2) + b

Isolate for the y-intercept:

b = 161

So,

y = -40x + 161

7 0

3 years ago

Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent yea

svp [43]

Answer:

Answer ; Pension Expenses : $7.5million

Explanation:

Calculation of amount that Harvey Hotels report as pension expense in its income statement for the year -

Particulars Explanation Amount

Service cost Given in the question $6.2 million

Add: Interest cost Given in the question $1.4 million

Less: Expected return on plan assets Given in the question $1.2 million

Add: Amortization of prior service cost Given in the question $1.1 million

Pension Expense ($6.2+$1.4-$1.2+$1.1)million $7.5 million

Hence, option - (B) is Correct.

8 0

3 years ago