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3 years ago

What is a demand relationship?

Business

1 answer:

NeX [460]3 years ago

8 0

Answer:

Demand relationship is the relationship between the dominant prices of a good and the quantity that will be bought at that price.

Explanation:

Demand can be defined as the quantity of a good that consumers are ready to purchase at different prices at a given period of time.

The basic demand relationship is between potential prices of a good and the quantities that would be bought at those prices. The relationship is always a negative one, this implies that an increase in price will lead to a decrease in the quantity demanded. This negative relationship is represented in the downward slope of the consumer demand curve. Take for instance, if the price of a bag of rice rises from $10 to a price of $20, this is a huge price increase. This increase forces the consumer to demand less of that product at the price of $20 because the new price is more expensive and also very unreasonable for a bag of rice.

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An unusual development in the wake of the 2007-2009 financial crisis was that nominal interest rates on some financial instrumen

bogdanovich [222]

Answer:

c. The real interest rate is 1 percent and the expected inflation rate is minus 2 percent

Explanation:

Nominal interest rate = real interest rate + expected inflation rate.

For the third option, the nominal interest rate: 1% + (-2%) = -1%

For the first option, the nominal interest rate: 2% + 1% = 3%

For the second option, the nominal interest rate: 0 + 2% = 2%

For the fourth option, the nominal interest rate: -2% + 3% = 1%

I hope my answer helps you

4 0

3 years ago

Jabari Manufacturing, a widgets manufacturing company, divides its production operations into three processeslong - Department

lora16 [44]

Answer:

Cost per unit of widget produced = $6.52

Explanation:

As for the provided information:

Total units produced = 4,600 units

Total cost of production = costs for Department 1 + Department 2 + Department 3

= $18,000 + $8,000 + $4,000 = $30,000

It does not matter how many units are sold as the cost of sales will include, selling and administrative cost also.

Therefore, all the cost will be considered.

Thus total cost of production = $30,000 for 4,600 units.

Cost per unit of widget = $\frac{30,000}{4,600} = 6.52$

5 0

3 years ago

The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $34,000 and accounts receivable of $

Alexxandr [17]

Answer:

Ending balance in inventory= $22,000

Current liabilities= $88,000

Explanation:

The current assets section of stibblr pharmaceutical company included cash of $34,000 and accounts receivables of $54,000

The company's current ratio is 2.5

The acid test ratio is 2.0

Acid test ratio = cash + account receivables /current liabilities

2.0= ($34,000+$54,000)/current liabilities

2.0= 88,000/current liabilities

Current liabilities = 88,000/2

= $44,000

Current ratio= cash + account account receivables + inventory /current liabilities

2.5= $34,000+$54,000 + inventory/$44,000

2.5= $88,000+Inventory /44,000

2.5×44,000= 88,000 + inventory

110,000= 88,000 + Inventory

Inventory = $110,000-88,000

= $22,000

Hence the current liabilities is $88,000 and inventory is $22,000

3 0

3 years ago

Calla Company produces skateboards that sell for $56 per unit. The company currently has the capacity to produce 95,000 skateboa

Tema [17]

Answer:

Calla Company

Three-column comparative Income Statement:

Normal Special order Total

Sales Revenue $4,580,800 $673,200 $5,254,000

Cost of sales:

Direct materials $ 981,600 $158,400 $1,140,000

Direct labor 613,500 99,000 712,500

Overhead 954,000 76,973 1,030,973

Selling expenses 558,000 84,151 642,151

Administrative expenses 477,000 890 477,890

Total costs and expenses $ 3,584,100 $419,414 $4,003,514

Net income $ 996,700 $ 253,786 $1,250,486

Explanation:

a) Data and Calculations:

Annual production capacity = 95,000 units

Actual annual production and sales = 81,800 units

Special order (units) = 13,200

Selling price (normal) = $56 per unit

Special order selling price = $51 per unit

Direct materials $ 981,600

Direct labor 613,500

Overhead 954,000

Selling expenses 558,000

Administrative expenses 477,000

Total costs and expenses $ 3,584,100

Three-column comparative Income Statement:

Normal Special order Total

Sales volume 81,800 13,200 95,000

Selling price $56 $51

Sales Revenue $4,580,800 $673,200 $5,254,000

Cost of sales:

Direct materials $ 981,600 $158,400 $1,140,000

Direct labor 613,500 99,000 712,500

Overhead 954,000 76,973 1,030,973

Selling expenses 558,000 84,151 642,151

Administrative expenses 477,000 890 477,890

Total costs and expenses $ 3,584,100 $419,414 $4,003,514

Net income $ 996,700 $ 253,786 $1,250,486

1. Direct materials cost per unit = $981,600/81,800 = $12

2. Direct labor cost per unit = $613,500/81,800 = $7.50

3. Variable Overhead cost = $954,000/2 = $477,000

Variable overhead cost per unit = $477,000/81,800 = $5.83129

4. Variable selling expenses = 70% of $558,000 = $390,600

Variable selling expenses per unit = $390,600/81,800 = $4.77506

Additional selling expense per unit = $6.37506 ($4.77506 + $1.60)

Selling expense for special order = 84,151($6.37506 * 13,200)

5. Administrative expenses increased by $890

8 0

3 years ago

On the basis of the research it has gathered on consumer perceptions, the tests it has conducted, and competitive considerations

Amanda [17]

Answer:

1) the product launch

Explanation:

The product launch process is referred to the systematic research and planning by which it could be ensured that costumers will receive a new product positively.

In this case, XYZ firm has been hired to develop market research to confirm the target market of the product and hot it will be positioned in it.

6 0

3 years ago