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3 years ago

Law of Demand

Business

1 answer:

Helen [10]3 years ago

5 0

Answer:

Law of Demand tells us that consumers will respond to a price drop by buying more, but it does not tell us how much more. the degree of sensitivity of consumers to a change in price is measured by the concept of price elasticity of demand.

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What is the difference between Special warranty deed vs general warranty deed

GenaCL600 [577]

General warranty deed and Special warranty deed are warranty deeds used for real estate sales where belongings, either residential or commercial, is transferred between organization unacquainted with each other. Possession of a property is transferred from the seller to the buyer with definite assurance against future problems or claims, which will defend the buyer against fraud.

However, the assurance in a General warranty deed will cover the belongings entire previous account, the Special warranty deed will only covers the time period for which the seller owned it. While the seller in a General warranty deed has to protect the title against all other assertion and compensate the buyer for any tentative debts or amends, the seller in Special warranty deed is only responsible for debts and problems accumulated or caused during his possession of the belongings.

6 0

3 years ago

C&A purchases fertilizer for its lawn-care business from a supplier who charges $30 per order and $50 per case. Each case co

Verdich [7]

Answer:

$1.5

Explanation:

Given:

Charges per order = $30

Charges per case = $50

1 case = 5 bags of fertilizers

Number of fertilizers bags needed per year = 2000 bags

Annual holding cost, C₀ = 30%

Now,

Annual demand for cases, D = $\frac{\textup{Number of fertilizers bags needed}}{\textup{Number of bags per case}}$

= $\frac{\textup{2000}}{\textup{5}}$

= 400 cases

thus,

Annual unit holding cost per case, $C_h$ = 30% of $50 i.e $15

Thus,

Economic Order quantity ( EOQ ) = $\sqrt{\frac{2C_oD}{C_h}}$

on substituting the respective values, we get

EOQ = $\sqrt{\frac{2\times30\times400}{15}}$

EOQ = 40

Now,

Annual ordering cost = Ordering cost × Number of orders

= C₀ × $\frac{\textup{annual demand}}{\textup{EOQ}}$

= $30 × $\frac{\textup{400}}{\textup{40}}$

= $300

Annual inventory holding cost

= Annual unit inventory holding cost × Average inventory

= $C_h$ × $\frac{\textup{EOQ}}{\textup{2}}$

= $15 × $\frac{\textup{40}}{\textup{2}}$

= $300

Now,

Sum of annual ordering and holding cost per case of fertilizer

= $300 + $300

= $600

Therefore,

Annual ordering and holding cost per case of fertiliser

= $\frac{\textup{600}}{\textup{Annual demand}}$

= $\frac{\textup{600}}{\textup{400}}$

= $1.5

7 0

3 years ago

Cell Phones for Soldiers is a nonprofit organization with a long-term commitment to one cause. Suppose that FedEx volunteered to

Rudik [331]

Answer:

d) social initiative

Explanation:

Being an NGO the cell phone for solders is making a long term commitment to the cases that supports the social initiative and which is volunteer by the Fed Ex company to transport and donate these cell phone for free and thus acts for a social cause and helps the society.

6 0

2 years ago

Margie has had a tough month. First, she had dental work that cost $700. Next, she had her car transmission rebuilt, which c

motikmotik

Answer:

Calculate amount of annual interest:

The simple interest rate is the percentage of the credit that should be paid as interest on yearly basis. The amount of interest should be paid per year on a loan.

Miss. Margie has spent $700 for dental work and $1,400 for car transmission rebuilt. She has made both transactions on her credit card. If she does not pay credit balance of $2100, she will be charged 21 percent interest.

Calculate the annualized interest expenses.

Miss. Margie should pay annual interest if she does not pay off credit card balance. She has a credit balance of $2100. The interest rate on credit balance is 21 percent.

Annual Interest = Amount owned x Interest rate

Annual Interest = 2,100 x 0.21

Annual Interest = 441

Annual interest on credit card balance is $441

Money market investment is a high-liquid, and short term securities containing commercial paper. Treasury bill, banker's acceptance, promissory note.

Calculate the amount of interest received on money market investment. Miss. Margin has a money market account with $15.000. On this account she receives 3 percent interest.

So, the total interest earned on a money market account is:

Annual Interest = Amount x Interest rate

Annual Interest = 15,000 x 0.03

Annual Interest = $450

Miss. Margin has got $450 as annual interest on money market account of $15000 with the interest rate of 3 percent.

To calculate the amount of annual interest, she should write a check of 2,100 for pay off credit card balance, a money market account shows the balance of 12,900. The interest rate is 3 percent.

Annual interest = Amount x interest rate

Annual interest = 12,900 x 0.03

Annual interest = $387

If she should write the check out of her money market account she gets interest of $387.

So, she will lose the interest of $63

Miss. Margin should write the check'. She is able to cover credit card bill from money market account. It is always better to payoff credit card bill in full from income or saving than to pay credit card balance with interest on due balance.

If she pays credit card due balance from money market account, she will not have to pay interest charges

8 0

3 years ago

Read 2 more answers

Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 4

boyakko [2]

Answer:

d. 96,000

Explanation:

Provided required rate of return on investments of $800,000 = 12%

Now desired profit = $800,000 X 12% = $96,000

therefore when fixing the price per unit this profit shall be added, and then reverse calculation is done.

With this we can get the desired profit.

At the last the total of cost and profit shall be divided by number of units to get the selling price per unit.

Therefore desired profit in dollars = $96,000

6 0

3 years ago

Read 2 more answers