Answer:
Explanation:
A ) Demand for coffee may increase due to many reasons , like due to decrease in price ( due to price effect ) , increase in price of tea ( due to substitution effect) , due to seasonal change like in the cold season , its demand increases.
B) Supply of coffee may increase due to rise in its price , due to more company coming into market , technological improvement in plant and machinery etc.
C ) The new equilibrium price may be equal to , less than or greater than $3 each . If shift in both the lines have same magnitude , price remains stagnant . If shift in supply line is more , price decreases. If shift in demand curve is more , price increases.
Answer:
An entity is an abstract category or grouping of things that share a common quality, and an instance, is a particular form or type of the entity.
In a barbershop, the main entities would be:
- Barbers
- Hair Cutting instruments
- Furniture
And some instances for each entity would be:
- Barber - Barber A, Barber B, Barber C, each representing a different person.
- Hair Cutting instruments - razors, blades, clips.
- Furniture - chairs, counter, mirrors, brooms, bulbs.
Gap's cost of goods sold is $10,258 million and Cash paid to supplier is $10,447 million.
Let understand that Cost of good sold refers to amount of expenses incurred to produce the goods produced by a firm.
- The formulae for deriving the Cost of Goods Sold is {Beginning Inventories + Purchases – Ending Inventories}.
- Information given are <em>Purchased inventories $10,392, Ending inventories $2,131 and Beginning inventories $1,997</em>
<em />
Cost of goods sold = $1,997 + $10,392 - $2,131
Cost of goods sold = $10,258
- In conclusion, the amount of Gap's cost of goods sold is $10,258
Let understand that Cash paid to accounts payable refers to net amount paid to supplier of goods.
- The formulae for deriving the Cash paid to accounts payable is Beginning balance for 2015 + Purchases - Ending balance for 2015
Cash paid to accounts payable = $1,181 + $10,392 - $1,126
Cash paid to accounts payable = $10,447
- In conclusion, the amount of Gap's Cash paid to supplier is $10,447
Learn from similar solution here
<em>brainly.com/question/16805564</em>
The solution for the problem follows:
Expense = variable expenses * quantity of produced + fixed
expenses
= 14q + 78,490
= 14 (3500) + 78, 490
= 49000 + 78,490
= $127, 490 is the total expense for 3,500 tennis rackets
Get the per piece expense by dividing 127,490 to 3500
Expense per piece = 127,490 / 3500
= $36.43
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Toyota has one of the finest production system of cars in the world.
It constinuously strives to improve its production lines and waste managements.
The waste and inefficiency are refetrred to as Muda and the company makes ongoing efforts to reduce this is known as Kaizen.
<h3>
Muda</h3>
It is a Japanese term which is used for uselessness. Toyota tries to manage and allocate its resources effectively so that its waste is limited.
<h3>
Kaizen</h3>
It is a Japanese term which means continuous improvement.
Toyota follows this technique iin its production so that its allocates optimal resources and produces minimum possible waste which leads to increased profitability.
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