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3 years ago

The demand curve for pizza is downward sloping because

Business

1 answer:

cupoosta [38]3 years ago

5 0

Answer:

The correct answer is A

Explanation:

The demand curve is downward sloping, it means or states that there exist the inverse relationship among the quantity demanded and the price. In other words, it states that when the price increases, the demand for the goods decreases whereas, when the price falls, the demand of the goods will increase.

So, the demand curve of pizza is downward sloping, it is because as the price of the pizza increases and people seek other alternatives, which is cheaper, which in turn decreases the demand of pizza.

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People choose a particular lifestyle and social context, or _____, because it is compatible with their personality traits

den301095 [7]

Ecological niche. ✨

I assume this is for psych, or something.

5 0

3 years ago

In each of the following cases, calculate the accounting break even and the cash break even points. Ignore any tax effects in ca

mylen [45]

Answer:

Case 1 Accounting break-even point = 13,861 units

Case 1 Cash break-even point = 11,286 units

Case 2 Accounting break-even point = 20,000 units

Case 2 Cash break-even point = 11,875 units

Case 3 Accounting break-even point = 225 units

Case 3 Cash break-even point = 138 units

Explanation:

Break even point refers to the point or sales unit where total cost is equal to total revenue. That is, both total revenue and total cost at the point are even and there neither profit nor loss.

Break even point can be computed for accounting break even and the cash break even points. The difference between the two is that accounting break even point include depreciation in the fixed cost while the cash break even point deduct non cash expenses from the fixed cost. The formula for the are as follows:

Accounting break even point = Fixed cost / (Unit price - Unit cost)

Cash break even point = (Fixed cost - Depreciation) / (Unit price - Unit cost)

Using the two formula for this question, we have:

Case 1 Accounting break even point = $7,000,000 / ($2,800 - $2,295) = $7,000,000 / $505 = 13,861 units

Case 1 Cash break even point = ($7,000,000 - $1,250,000) / ($2,800 - $2,295) = $5,750,000 / $505 = 11,286 units

Case 2 Accounting break even point = $160,000 / (51 - 43) = $160,000 / $8 = 20,000 units

Case 2 Cash break even point = ($160,000 - $65,000) / (51 - 43) = $95,000 / $8 = 11,875 units

Case 3 Accounting break even point = $1,800 / (12 - 4) = $1,800 / $8 = 225 units

Case 3 Cash break even point = ($1,800 - $700) / (12 - 4) = $1,100 / $8 = 138 units

6 0

3 years ago

What are the leading economic indicators supposed to predict?

DiKsa [7]

The correct answer is: business cycle

6 0

3 years ago

Read 2 more answers

Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000. Nothing in the contract itself prohibits a

Softa [21]

Answer:

The correct answer is (b)permitted because the contract is just for music lessons.

Explanation:

Recall that,

Johann, a well known musician agrees to give out ten lessons of guitar to Elton for an amount of $ 2000. this contract forbids delegation.

Since Johann delegates his obligation to Eugene who is a second year student in music, then his delegation is only allowed because the contract is to take music lessons and nothing more.

7 0

3 years ago

The BVM Corp., construction company, purchased a used hybrid electric pickup truck for 30,000 and used MACRS depreciation in the

Alina [70]

Answer:

The BVM Corp.

The After-tax Rate of Return for the truck = After-Tax Income/Investment in Truck x 100

= $10,200/$30,000 x 100 = 34%

Explanation:

a) Calculations:

Current Value of the Truck =

Sale of Truck = $9,000

Savings from Truck = $38,000 ($9,500 x 4)

Total $47,000

Investment increase = $17,000 ($47,000 - 30,000)

Combined Tax = $6,800 (40% x $17,000)

After Tax Income = $10,200 ($17,000 - 6,800)

b) MACRS means the modified accelerated cost recovery system. It is an allowance by the IRS for faster depreciation in the first years of an asset's life and the depreciation slows later on in order to allow a business to recover the cost basis of certain assets that deteriorate over time.

c) Rate of return (ROR) is the percentage increase or decrease of an investment (truck) over a set period of time (4 years), which is calculated by taking the difference between the current (or expected) value ($47,000) and original value ($30,000), dividing by the original value, and then this is multiplied by 100.

3 0

3 years ago