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Anastasy [175]
3 years ago
13

Latisha likes apple juice and orange juice equally well, however she normally drinks orange juice with her breakfast each day. A

pple juice is packaged in bottles and orange juice is packaged in cartons. There is a freeze that destroys half of the orange crop this season. Explain the impact of the freeze on the markets for orange juice, apple juice, bottles, and cartons. For each market, make sure you include the following in your answer: Supply or Demand Shift Equilibrium Price and Quantity Change The reason for the change
Business
1 answer:
horsena [70]3 years ago
5 0

Answer:

The market for orange juice- decline in supply, leftward shift in supply curve, increase in price, fall in quantity, due to reduction in supply of input and increase in input price.

The market for apple juice- increase in demand, rightward shift in demand curve, increase in price and quantity, because it's a substitute for orange juice.

The market for bottles- increase in demand, rightward shift in demand curve, increase in price and quantity, because of increase in demand for apple juice.

The market for cartons- decline in demand, leftward shift in demand curve, fall in price and quantity, because of reduction in quantity of orange juice.

Explanation:

In case half of the crop of oranges is destroyed, the supply of oranges will decline, shifting the supply curve to the left. The price of oranges will increase. Oranges serve as input for orange juice. So the supply of orange juice will be reduced as well. This will lead to leftward shift in the supply curve, further leading to a increase in price and reduction in quantity.

Latisha likes apple juice equally as orange juice. This indicates that both are substitutes. So when price of orange juice people will prefer apple juice. The demand for apple juice will increase moving the demand curve to the right. As a result, the price and quantity will increase.

Since apple juice is packed in bottles, with increase in quantity of apple juice, the demand for bottles will also increase. This will shift the demand curve to the right increasing the price and quantity.

Cartons are used to pack orange juice. So when quantity of orange juice falls, the demand for cartons also gets reduced. There will be a leftward shift in the demand curve. This will lead to fall in price and quantity.

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B. Your banker is not aware of your of your other long term financial goals
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LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620
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Answer:

LeCompte Corp.

The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:

A) 7.57%.

Explanation:

a) Data and Calculations:

Assets = $312,900

Common Equity = Assets = $312,900

Sales for the last year = $620,000

Net income after taxes = $24,655

Expected return on equity (ROE) = 15%

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Profit margin = Returns on Equity/ Sales * 100

= $46,935/$620,000 * 100

= 7.57%

b) The expected returns on equity in dollars is equal to the net income.  Therefore, we can use the ROE to calculate the profit margin.  The profit margin expresses the relationship between sales and profit.  It shows the profit made from each dollar sales.

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3 years ago
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A financier plans to invest up to $600,000 in two projects. Project A yields a return of 9% on the investment x dollars, whereas
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Answer:

Project A = $240,000

Project B = $360,000

Explanation:

Planned Investment amount = $600,000

Project A = x dollars, with 9% return

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Therefore, if y dollars is spent on project B,

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Total return = return on A + return on B

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y <= 0.4(600,000)

y <= 240,000

slope of the function is positive '54,000 + 0.07y', total return increases when y increases.

Therefore return on investment will be maximized when y = 240,000, as it should not exceed 40% for project B and the rest 360,000 can be invested in project A.

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