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3 years ago

The rule of supply and demand says that

2 answers:

8 0

If the demand is higher than the supply then the price goes up, and if you have a high supply and a low demand then the price goes down

kozerog [31]3 years ago

3 0

The rule of supply and demand says that if there is high demand for goods the price of said good goes up. Now if the supply is more than the demand then price will plummet since there are too many items.

Hope this helps have a nice day (:

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Lawn Chopper Company sells two types of lawn mowers. The first one is a basic lawn mower, which has variable costs of $50 and se

Temka [501]

Answer:

See below

Explanation:

Breakven even point is computed as

= Fixed costs / ( Sales price per unit - Variable costs per unit)

For basic lawn mower, Given that;

Fixed cost = $5,000,000

Sales price per unit = $150

Variable costs per unit = $50

BEP = $500,000 / ($150 - $50)

BEP = $500,000 / $100

BEP = 5,000 units

For Riding tractor, given that;

Fixed costs = $500,000

Sales price per unit = $1,500

Variable cost per unit = $500

BEP = $500,000 / ($1,500 - $500)

BEP = $500,000 / $1,000

BEP = 500 units

It therefore means that 5,000 units of basic Lawn mower must be sold to break even, while 500 units of riding tractor must be sold to break even.

7 0

3 years ago

A firm in a perfectly competitive industry is currently producing 6,000 units of output and the market equilibrium price for the

OlgaM077 [116]

Answer:

30005

Explanation:

Total Revenue equals price multiple to the quantity produced.

Total Profit= Total Revenue -Total Cost= P*Q- (Variable costs +Fixed Costs)

If we considered TR=P*Q,

in the first period it will be: TR=P*Q=6000*5=30000

in the second period it will be= TR=P*Q= 6001*5=30005

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3 years ago

The top management of Tasty Foods, a food distribution company, has set strategic goals of increasing organizational market shar

nikdorinn [45]

Answer:

The correct answer would be, Greg's next step is to roll out his Tactical Goals to his staff.

Explanation:

Greg is the division manager for Tasty Foods. His management set a goal of increasing market share and decreasing the corporate cost over the period of next three years. To cope up with this goal, Greg has to work on this from now onward. So he decides how his division can contribute to the fulfillment of these management goals. He looking into his resources and planned two possible options. One is to partnering with another company and the other is to hire a procurement manager to negotiate lower prices from vendors. Now as he has formulated these goals, which are tactical in nature, the next step is to roll out these tactical goals to hi staff. Tactical goals are the goals that are set quickly in response to the conditions or situations as they occur in the real world.

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3 years ago

Number the following in the order of the flow of manufacturing costs for a company. a. Close under- or overapplied factory overh

jolli1 [7]

Answer: The correct order of the flow of manufacturing cost for a company is:

b. Purchase materials.
f. Requisition materials to jobs.
c. Use factory labor and incur factory overhead in production.
e. Apply factory overhead to jobs according to the predetermined overhead rate.
d. Transfer completed jobs to finished goods.
a. Close under- or overapplied factory overhead to Cost of Goods Sold.
g. Upon sale, move cost of finished product to Cost of Goods Sold.

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3 years ago

Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2018 of a circuit

klemol [59]

Answer and Explanation:

According to the given situation, the contingent liability should be probable and estimated so the cost of the warranty i.e. loss contingency would be accrued and the same would be recorded and reported depend upon the predicted amounts

hence, the same would be considered and relevant too

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3 years ago