<u>Answer:</u> Option B
<u>Explanation:</u>
Revved Rider company is the market leader as the company possess a superior engine technology that is not owned by other companies. This proves that the company has competitive advantage of technology over the competitors in the market.
Competitive advantage means having an advantageous quality which the other companies do not have in the market. When a company has competitive advantage it can become a price leader or market leader. It also becomes the consumer's most preferred company when compared to other companies.
Answer:
Yeats Corporation
The percent change for Year 2 compared to the base year is -4.04%
Explanation:
a) Calculations:
Year 1 Sales = $396,000
Year 2 Sales = $380,000
Reduction = $16,000
Percentage reduction = $16,000/$396,000 x 100 = 4.04%
This is a reduction, and it is negative.
b) The change in sales is calculated as the difference between year 1 and year 2 sales over the sales in year 1 multiplied by 100. This is expressed as a percentage by the multiplication by 100. The percent change describes the relationship between the sales figure in year 1 and the sales figure in 2. When calculated as above, it shows that sales reduced in year 2 by 4.04% from the sales in year 1.
Answer:
producer surplus
consumer surplus
neither
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
The highest amount i was willing to buy the watch is $71 but the price was $65. this illustrates a consumer surplus
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
The least amount the textbook seller was willing to sell was $48 while the price the textbook was sold was $54. thus, a illustrates a producer surplus.
for statement c, a transaction did not take place, so, it is neither a producer or consumer surplus
Answer: $2.39
Explanation:
Physical units accounted for = 160,000
Conversion cost = $387100
Number of units will be:
= 160,000 + 50%(4000)
= 160000 + 0.5(4000)
= 160000 + 2000
= 162000
Conversion cost per unit will be:
= 387100 / 162000
= $2.39
Answer:
c. N = 7, I/Y = 4, PV = 37,000
Explanation:
In financial Calculator the following key wii be pressed to calculate the the balance of the account (Future value)
For the number of year enter N = 7
Interest per year enter I/Y = 4
For present value enter PV = 37,000
This will calculate Malissa's account balance after 7 years which is $48,689.
So the correct answer is c. N = 7, I/Y = 4, PV = 37,000.
