The minimum price that the barber must charge <em>to increase his salary to $4,000</em> for each of the 200 haircuts is <em>A. $25.</em>
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge <em>to increase his salary to $4,000</em> without increasing the number of haircuts is $25.
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When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.
For better understanding, lets explain the term
- Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.
- Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thing
From the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.
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Answer:
A
Explanation:
Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.
Elasticity can be described as elastic—or very responsive—unit elastic, or inelastic—not very responsive.
Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.
An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.
Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.
The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.
<h3>
What do you mean by Account payable?</h3>
A account payable is refers to as the monet owned by a company to its supplies and its represent in the firm's balance sheet.
The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.
Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.
Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.
Therefore, correct option is C.
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