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3 years ago

What does the graph show about the relationship between a product and its price?

Business

2 answers:

polet [3.4K]3 years ago

8 0

Answer:

The correct answer is: As the interest in a product goes up, the price goes up.

Explanation:

Increasing interest and thus increasing demand leads to increased demand for a particular good or service. In this respect, as production remains constant, the increased demand for goods or services pressures the supply of this good or service, culminating in its price increase.

BARSIC [14]3 years ago

6 0

Answer:

Explanation:

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Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January

MatroZZZ [7]

Answer:

The correct answer would be option E, $57,500.

Explanation:

Total manufacturing cost

= direct materials + direct labor + factory overhead + beginning work in process inventory - ending goods in process inventory.

Work in process Jan 1, $50,000;

Work in process Dec 31, $37,000;

total factory overhead, $5,500;

direct materials used, $12,500;

direct labor used, $26,500

Now substituting the values in the above formula we get:

Total Cost of Goods Manufactured=

50000 + 55000 + 5500 + 12500 + 26500 - 37000

= 94500 - 37000

= $57500

So The cost of goods manufactured during the year will be option E, $57500

5 0

3 years ago

Cotrone Beverages makes energy drinks in three flavors: Original, Strawberry, and Orange. Company is currently operating at 75 p

yulyashka [42]

Answer:

Yes Strawberry line should be dropped as it reduces the overall profit by$ 3600 when the fixed costs are not 20 %

Yes Strawberry line should be dropped as it reduces the overall profit by$ 1720 even when the fixed costs are 20 %

Explanation:

Cotrone Beverages

Differential Analysis

Totals Totals Difference / Change

including (less) Without (equals)

Strawberry Strawberry

Sales 253,200 167,600 85600 Decrease

Variable costs 201,400 124,200 77200 Decrease

Fixed costs allocated 35,600 28,480 7120 Decrease

Operating profit (loss) 13,200 14,920 (1720) Increase

Working

Total Fixed Costs Reduced will be = 35,600 *20%= 7120

Here we see the profit is increased by 1720 therefore strawberry line should be dropped.

Cotrone Beverages

Differential Analysis

Totals Totals Difference / Change

including (less) Without (equals)

Strawberry Strawberry

Sales 253,200 167,600 85600 Decrease

Variable costs 201,400 124,200 77200 Decrease

Contribution margin 51,800 43,400 8,400 Decrease

Fixed costs allocated 35,600 23,600 12000 Decrease

Operating profit (loss) 13,200 16,800 (3,600) Increase

Yes Strawberry line should be dropped as it reduces the overall profit by$ 3600

Working

We find the totals with and without the strawberry product line and then subtract to find the differential costs

Cotrone Beverages

Product Original Strawberry Orange Total

Sales $65,200 $85,600 $102,400 253,200

Variable costs 44,000 77,200 80,200 201,400

Contribution margin $21,200 $8,400 $22,200 51,800

Fixed costs allocated 9,400 12,000 14,200 35,600

Operating profit (loss) $11,800 $(3,600) $8,000 13,200

If we drop the strawberry line then the new totals would be

Product Original Orange Total

Sales $65,200 $102,400 167,600

Variable costs 44,000 80,200 124,200

Contribution margin $21,200 $22,200 43,400

Fixed costs allocated 9,400 14,200 23,600

Operating profit (loss) $11,800 $8,000 16,800

6 0

3 years ago

What is a recent trend relating to sustainability worldwide?

kykrilka [37]

Answer:

reduction of energy consumption

Explanation:

6 0

2 years ago

Two people, each of whom has two children, are getting married, and they are buying a house together. They ask the real estate p

Nostrana [21]

Suggesting that they consult with an attorney is the most appropriate advice which the real estate professional should offer.

<h3>Who is an Attorney?</h3>

This is a professional who practices law and is usually involved in real estate matters through documentation of transfer of ownership.

The transfer of ownership helps to prevent issues in the future and shows the land was legally acquired which is why Attorney is the most appropriate choice.

Read more about Attorney here brainly.com/question/1013561

4 0

3 years ago

For each example, determine how the market for the good in bolded text will respond to the described change. Due to increases in

crimeas [40]

Answer:

Explanation:

According to the law of demand,a rise in price leads to a decrease in quantity demanded and a fall in price leads to an increase in quantity demanded.

1.The price of a gallon of 2% milk has risen, therefore, quantity demanded decreases.

2.The price of laser tag has fallen,therefore,quantity demanded increases.

3.The price of dressers and desks has risen,therefore,quantity demanded decreases.

4.The price of pork shoulder has fallen from $3.99 per pound to $1.99 per pound,therefore,quantity demanded increases.

5.Another MP3 album comes free,with purchase of an MP3 album .This means the supplier have effectively halved the price.therefore,quantity demanded increases.

3 0

4 years ago