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3 years ago

True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

1 answer:

5 0

False.

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD.

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.

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Wang Co. manufactures and sells a single product that sells for $640 per unit; variable costs are $352 per unit. Annual fixed co

yarga [219]

Answer:

The correct answer is 45%.

Explanation:

According to the scenario, the given data are as follows:

Selling price = $640

Variable cost = $352

Annual fixed cost = $985,500

Current sales volume = $4,390,000

So, we can calculate the contribution margin ratio by using following formula:

Contribution margin ratio = (Contribution margin per unit ÷ selling price per unit ) × 100

Where, Contribution Margin = Selling price - Variable cost

= $640 - $352 = $288

So, by putting the value in the formula, we get

Contribution margin ratio = ( $288 ÷ $640 ) × 100

= 0.45 × 100

= 45%

5 0

3 years ago

How many dollars does Johnson & Johnson make every 20 seconds?

Alex Ar [27]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

<u><em>The complete question is</em></u>

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

Remember that

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

Convert year to seconds

$(365)(24)(60)(60)=31,536,000\ sec$

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

$81.1*10^{9} \frac{\$}{year}$

Convert to $/sec

$81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}$

Multiply by 20 sec

$2,571.66(20)=\$51,433.28$

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0

3 years ago

Do some research on mergers and acquisitions. What were the five largest mergers– acquisitions last year? Make a list of the par

viktelen [127]

Answer:

Mergers and Acquisitions in 2019:

1. The five largest mergers-acquisitions in 2019:

Acquirer and Partner

a. BB&T and SunTrust

b. Schwab and TD Ameritrade

c. Raythem and UTC

d. Newmont and Goldcorp

e. Salesforce and Tableau Software

2. Reasons for the M&A:

a. BB&T and SunTrust - to cut cost

b. Schwab and TD Ameritrade - to save money

c. Raythem and UTC - to become largest defence company

d. Newmont and Goldcorp - to acquire competitive advantage

e. Salesforce and Tableau Software - to boost revenue

3. Some of the M&A transactions do not make any strategic sense. For example, now that Raythem and UTC combined want to form the largest defense company, do they add much to their stockholders returns? Some others acquired to cut cost will experience the huge costs of acquisition, which are, most times, too large to be written off in a single year.

Explanation:

Major financial transactions done at the corporate level for the purpose of consolidating the assets of two or more companies, growing market share, and eliminating competition are called Mergers and Acquisitions (M&A). Consolidation of companies may be achieved through mergers, acquisitions, assets purchase, management acquisitions, etc.

4 0

2 years ago

Which one of the following is a good way to deal with frustration?

Korolek [52]

Hey there!

The correct answer to this is D. Try to remove the obstacle that's blocking the goal. By doing so, we can create a positive change in our life :)

Thanks! :D

3 0

3 years ago

Read 2 more answers

The _____ quality attributes are embedded in the total product, that is, the physical or core product and all the additional fea

Agata [3.3K]

If I've got it right, the answer with missing word looks like this: The market-perceived quality attributes are embedded in the total product, that is, the physical or core product and all the additional features the consumer expects.

6 0

3 years ago