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2 years ago

explain how the price consumers pay for a good is influenced by the price of the resources that go into making it

Business

1 answer:

Reika [66]2 years ago

4 0

Answer:

Here's an example

I sell bead bracelets for $5.00. The chord I use to make them is $2.50 for 5 feet. Each bracelet needs 1/4 of a foot of chord. That is $0.13 worth of chord per bracelet. The beads I use are 30 beads for $1.00. I use 5 beads in each bracelet. That is $0.17 worth of beads per bracelet. The total price of the materials per bracelet is 30 cents. Let's say It takes me 10 minutes to make a single bracelet. If I sell the bracelet at 30 cents, I would no have made a profit and would instead lose 10 minutes of my time. If I sell it for anything less, I would be losing money and time. If I want to make a profit, I need to add the money I want to make plus the cost of resources. Therefore, if I want to make a profit of $4.70, I must sell the bracelets for $5.00.

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The Global economy a. is trend that is fading quickly b.has only positive effects for United State c. has eliminated some jobs i

rodikova [14]

Its probably C. The other answers are highly unlikely.

5 0

3 years ago

_____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an

34kurt

Answer:

Credence Attributes

Explanation:

A credence good or service is a type of good/service with qualities that cannot be observed by the consumer after purchase, making it difficult to assess its level of satisfaction. Examples include expert services such as Tax advisory services, medical procedures, automobile repairs, and dietary supplements.

Because the quality of these products or service are unobservant through search or experience some providers tend to charge consumers at a premium for their provision.

3 0

3 years ago

Wanda Sotheby purchased 120 shares of Home Depot stock at $148 a share. One year later, she sold the stock for $140 a share. She

Archy [21]

Answer:

Return on investment = -0.71%

Explanation:

The return on investment is the sum of the dividends earned and capital gains made during the holding period of the investment.

Dividend is the proportion of the profit made by a company which is paid to shareholders.

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.

Therefore, we can can compute the return on the investment as follows:

Total Return on investment =

(Capital gain/ loss + dividend )/purchase price × 100

Capital loss = (184 -140) × 120 = - 480

Dividend = 427

Commission = 34 + 39 =-73

Net loss on investment = - 480 - 73 + 427= -126

Return on investment = -126 /(148× 120) = -0.71%

Return on investment = -0.71%

5 0

3 years ago

An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting a

LekaFEV [45]

Answer: The following would the accountant do related to the compilation engagement: Issue a compilation report even though review procedures were performed on the engagement.

Under Statements of Standards for Accounting and Review Services (SSARS), the accountant decided to perform some analytical procedures.

Therefore, the correct option is (d)

5 0

2 years ago

7. Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that t

ser-zykov [4K]

Answer:

$17,500

Explanation:

Given that,

Actual factory overhead for the year = $1,375,000

Estimated overhead = $1,250,000

Estimated machine hour = 50,000

Total machine hours for the year = 54,300

Predetermined rate per hour:

= Estimated overhead ÷ Estimated machine hour

= $1,250,000 ÷ 50,000

= $25 per hour

Applied overhead:

= Predetermined rate per hour × Total machine hours

= $25 × 54,300

= $1,357,500

Therefore, the under-applied amount for the year:

= Actual factory overhead - Applied overhead

= $1,375,000 - $1,357,500

= $17,500

4 0

3 years ago