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3 years ago

Price setting involves ______.

Business

1 answer:

Diano4ka-milaya [45]3 years ago

8 0

Answer: Setting prices high enough to cover manufacturing costs and make a profit.

Explanation: The prices of products are influenced by a number of factors, which includes manufacturing costs, the condition of the market presently and the product quality. While setting prices for a products, an organization need to ensure the price set must cover the costs incurred for the production of the products and profits margins. The implication of a product price not covering costs is that, the business will ultimately fail as a result of the exhaust in the organization financial resources. Several strategies are used to determine price of products by organizations, however which ever is adopted must focus on achieving the financial goals of the organization.

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This year Luke has calculated his gross tax liability at $1,800. Luke is entitled to a $2,400 nonrefundable personal tax credit,

Fantom [35]

Answer:

Luke's net tax due or refund is $2,900

Explanation:

In order to calculate Luke's net tax due or refund we would have to make the following calculation:

Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary

Luke's non refundable credit=non refundable personal tax credit-gross tax liability

Luke's non refundable credit=$2,400-$1,800

Luke's non refundable credit=$600

Therefore, Luke's net tax due or refund=$600+$2,300

Luke's net tax due or refund=$2,900

Luke's net tax due or refund is $2,900

6 0

3 years ago

As the financial consultant to a classic auto dealership, you estimate that the total value (in dollars) of its collection of 19

Sophie [7]

Answer:

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

Explanation:

the price formula for the future years is:

$v = 301000 + 960 t^{2}$

while it is adjusted for inflation at:

$v \times e^{-0.05t}$

so the complete formula for value is:

$\frac{301000 + 960 t^{2}}{e^{0.05t}}$

Now, we can derivate and obtain the roots

Getting at a root exist at the 29th year.

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

8 0

3 years ago

Serial Problem Business Solutions LO P4 Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:

stich3 [128]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The selling prices are $1,310 per desk unit and $560 per chair. The variable costs are $810 per desk unit and $310 per chair. Fixed costs are $180,000.

The company sells 3 deks per 2 chairs.

Sales proportion:

Desks= 3/5= 0.6

Chairs= 2/5= 0.4

1) Selling price per composite unit= sales proportion*selling price

Selling price per composite unit= 0.6*1,310 + 0.4*560

Selling price per composite unit= $1,010

2) Variable cost per composite unit= sales proportion*unitary variable cost

Variable cost per composite unit= 0.6*810 + 0.4*310

Variable cost per composite unit= 610

3) Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 180,000/ (1,010 - 610)

Break-even point (units)= 450 units

4) Number of units for each product:

Desks= 0.6*450= 270

Chairs= 0.4*450= 180

5 0

3 years ago

Consider the following production possibilities frontier model for an economy that produces only two goods: corn and smartphones

olga55 [171]

Answer:

The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts.

Explanation:

PPF model the production possibility frontier states that two types of goods can be produced, at any given time of production, and for certain resources provided.

This clearly states the thought and simplifies the understanding of economy, based on two products to be produced from same restricted resources.

Though, the results of this curve are applicable to real world goods, where the nature and number of goods both are complex.

Therefore, the correct statement is:

As stated in answer.

4 0

4 years ago

Having some clients who are less knowledgeable about investing and seem to be more trusting of their firm, the management of a f

Lyrx [107]

Answer: Ponzi Scheme.

Explanation:

The Organisation described in the question is making use of Ponzi Scheme for their clients. A Ponzi scheme is a fraudulent form of business where initial investors are paid by later investors. The scheme promises abnormally high returns from investments within a short period, with some investors ending up losing their investments.

8 0

3 years ago