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stepladder [879]
3 years ago
7

Sam and sadie charge people to park on their lawn while attending a nearby craft fair. at the current price of $10, eight people

park on their lawn. if they raise the price to $15, they know that only six people will want to park on their lawn. whether they have eight or six cars parked on their lawn does not affect their costs. from this information it follows that
Business
1 answer:
Alborosie3 years ago
3 0

I guess the correct answer is they would do better charging $15 than $10.

Tom and Sadie charge people to park on their lawn while attending a nearby craft fair. At the current price of $10, eight people park on their lawn. If they raise the price to $15, they know that only six people will want to park on their lawn. Whether they have eight or six cars parked on their lawn does not affect their costs. From this information it follows that they would do better charging $15 than $10.

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uzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selli
anygoal [31]

Answer:

Result : Incremental profit of $2,280

Explanation:

Consider the incremental costs and revenues resulting from the $5,000 increase in the monthly advertising budget.

<u>Analysis of incremental costs and revenue</u>

Sales (140×$ 130)                                  18,200

Less Variable expenses (140×$ 78)   (10,920)

Contribution                                            7,280

Less Fixed Costs

Advertising                                            (5,000)

Net Operating Income / (Loss)              2,280

Result : Incremental profit of $2,280

4 0
3 years ago
In the open-economy macroeconomic model, if a country’s supply of loanable funds shifts right, then
Contact [7]

Answer:

According to the situation given in the question, if a country's supply of loan able funds shift rights , then A) the net capital outflow will increase and so the exchange rate will fall.

Explanation:

According to the situation given in the question , the supply of funds available for loan, depends upon the national savings, so if there is high amounts of national savings available it means the funds are available for the borrowers, who are in need of funds for their investment projects. And the demand for funds available for loan comes from the domestic investment and net capital outflow.

If the supply of funds are high in the economy then obviously the interest rate will also come down and the net capital outflow will be more.  

4 0
4 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
Andrew [12]

Answer:

b. $102

Explanation:

Data provided as per the question below:-

Cost of basket in 2014 = $51

Cost of the basket in base year = $50

The calculation of the value of the CPI is shown below:-

Value of the CPI = (Cost of a basket in 2014 ÷ Cost of a basket in the base year) × 100

($51 ÷ $50) × 100

= $102

Therefore for computing the value of CPI we simply applied the above formula.

7 0
3 years ago
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a
tatuchka [14]

Answer:

Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.

Dr Merchandise inventory 4,600

    Cr Accounts payable 4,600

3 Paid $300 cash for shipping charges on the April 2 purchase.

Dr Merchandise inventory 300

    Cr Cash 300

4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600.

Dr Accounts payable 600

    Cr Merchandise inventory 600

17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.

Dr Accounts payable 4,000

    Cr Cash 3,920

    Cr Purchase discounts 80

18 Purchased $8,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.

Dr Merchandise inventory 8,500

    Cr Accounts payable 8,500

21 After negotiations, received from Frist a $500 allowance toward the $8,500 owed on the April 18 purchase.

Cr Accounts payable 500

    Cr Purchase allowances 500

28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.

Dr Accounts payable 8,000

    Cr Cash 7,920

    Cr Purchase discounts 80

8 0
3 years ago
in nations where widely norms are questionable, it's probably not a good idea for expartriate managers to hold themselves to eth
Reika [66]

Answer:

The correct answer is B. False.

Explanation:

Maintaining the highest standards of ethical behavior must be part of the corporate culture and personality of each of the people who comprise them. No matter the category, level of responsibility, service line or internal functions ... we are all obliged to maintain and disseminate the principles and values that underpin our code of ethics. Therefore, this is part of the essence of each person, of how he behaves daily, of the decisions he makes, of the genuine image he transmits, of the attitude and respect for third parties, whether or not they are of the Firms. It is an inescapable individual responsibility that commits us to ourselves and to others. Violating the ethical code is considered a serious fact that entails consequences for the offender or for those who, being knowledgeable, do not report it.

8 0
3 years ago
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