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valentina_108 [34]
2 years ago
10

In developed economies such as the United States, the _______ sector dominates the economy. Examples include legal firms,_______

__ , and so on.
Business
2 answers:
zvonat [6]2 years ago
6 0
1. consumer service  2 hospitals
Julli [10]2 years ago
6 0

Answer:

1. consumer service  2 hospitals

Explanation:

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The price elasticity of demand measures the: A. responsiveness of quantity demanded to a change in quantity supplied. B. respons
pickupchik [31]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The price elasticity of demand determines the flexibility of the volume needed to adjust the price.

The demand of an individual or market becomes inelastic if it will not adjust much to increasing prices, and it is elastic for an individual or market if the demand of a particular commodity will shift a lot as prices shift.

6 0
3 years ago
Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 Amortized cost $41,640 $
netineya [11]

Answer:

Case 1 = $9,420

Case 2 = 0

Explanation:

Determining the amount of impairment loss is given below:-

Case 1

Impairment loss = Amortized cost - Fair value

= $41,640 - $32,220

= $9,420

Case 2

Impairment loss = Amortized cost - Fair value

= 91,800 - $102,220

= 0

Since, the fair value is higher than Amortized cost so the value of Impairment loss in case 2 is 0.

5 0
3 years ago
A freezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. This is an
Lady_Fox [76]

A BUSINESS PURPOSEL?

7 0
3 years ago
Patent laws create a dilemma. The idea behind patent protection is to provide inventors, entrepreneurs, and firms an incentive t
solniwko [45]

Reducing the duration of patent law protection. This would allow firms to recover the costs associated with developing a new product but prevent firms from earning outlandish profits.

Answer: Option D.

<u>Explanation:</u>

The major motive and aim of patent is to increase and encourage the motivation of the producers to innovate and produce new things which can increase the efficiency in the process of production. This is done to increase the innovation.

But if the time of patent of a particular good is reduced then the firm will be able to cover it's cost on the innovation but it would not lead to any kind of inefficiencies as others will also be able to use it after patent is over.

4 0
2 years ago
Northwood Company manufactures basketballs.
shtirl [24]

Answer:

Northwood Company

1. Contribution margin ratio = Contribution per unit/Selling price * 100

= $10/$25 * 100

= 40%

Break-even point in quantity of balls = Fixed cost/Contribution margin

= $210,000/$10

= 21,000 balls

Degree of operating leverage = Contribution margin divided by Net operating income (sales minus variable costs and fixed costs)

= $300,000/$90,000

= 3.33

New CM ratio =

Selling price $25

Variable cost 18 (15 + 3)

Contribution $7

Contribution margin ratio = $7/$25 * 100

= 28%

3. Break-even point in quantity of balls = Fixed expenses/contribution margin = $210,000/$7

= 30,000 balls

4. Break-even point in quantity of balls to achieve a target profit of $90,000

= (Fixed cost + Target profit)/$7

= ($210,000 + $90,000)/$7

= $300,000/$7

= 42,857 balls

5. The selling price per ball must increase to:

Variable cost = $15 + $3 = $18 = 60% of selling price

Therefore, new selling price = $18/60%

= $30

6. Selling price = $25

Variable =                9 ($15 * 60%)

Contribution       $16 ($25 - $9)

Fixed expenses = $420,000 (210,000 * 2)

New CM ratio = $16/$25 * 100

= 64%

Break-even point in quantity of balls  = Fixed expenses/Contribution margin

= $420,000/$16

= 26,250 balls

7. To earn target net operating income of $90,000, the quantity of balls will be:

= ($420,000 + $90,000)/$16

= $510,000/$16

= 31,875 balls

8. Contribution Format Income Statement:

Sales Revenue           $750,000 ($25 * 30,000)

Variable expenses       270,000 ($9 * 30,000)

Contribution margin  $480,000

Fixed expenses           420,000

Net operating income $60,000

Degree of operating leverage = Net operating income/Contribution margin

= $60,000/$480,000

= 0.125

Explanation:

a) Data and Calculations:

Selling price per ball = $25

Variable cost per ball = $15 ($450,000/30,000)

Contribution per ball = $10

Fixed expenses = $210,000

Net operating income = $90,000

Sales                             $750,000

Variable expenses       (450,000)

Contribution margin     300,000

Fixed expenses           (210,000)

Net operating income$ 90,000

b) Northwood's degree of operating leverage (DOL) measures how much the operating income of the company will change as a result of a change in its sales.  The DOL ratio, which is a multiple, enables analysts to determine the impact of any change in sales on the earnings or profits of Northwood Company in a given year.

7 0
3 years ago
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