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3 years ago

When a competitive market achieves allocative efficiency, it implies that:

1 answer:

7 0

Well allocative efficiency is: optimal levels of all goods are produced and sold to consumers who value them most

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In order to have a high confidence level in a customer survey, what should the sample size accurately reflect?

Damm [24]

In order to have a high confidence level in a customer survey, the sample size accurately reflects the entire population.

A discrete collection of entities with identifiable characteristics, such as humans or animals, for the purposes of analysis and data collection is called a population. It consists of a group of similar species that can inhabit a specific geographical location and interbreed.

A group of people, things, events, organizations, etc. Use populations to draw conclusions. Figure 1: Population. An example of a population is the entire student body of a school. Includes all students studying at the school when the data was collected.

Learn more about population here:brainly.com/question/1437549
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7 0

1 year ago

PB8.

Maurinko [17]

Answer:

Products Selling price Unit variable cost

$ $

Junior 50 15

Adult 75 25

Expert 110 60

Total 235 100

The sales price per composite unit = $235

The contribution margin per composite unit

= Composite selling price - Composite unit variable cost

= $235 - $100

= $135

Break-even point in units

= Fixed cost

Contribution per unit

= $114,750

$135

= 850 units

Break-even point in dollars

= Break-even point in units x Composite selling price

= 850 units x $235

= $199,750

Income Statement

Total contribution ($135 x 850 units) 114,750

Less: Fixed cost 114,750

Net profit 0

Explanation:

Sales price per composite unit is the aggregate of all the selling prices.

Contribution margin per composite unit equals composite selling price minus composite unit variable cost.

Break-even point in units is fixed cost divided per composite contribution margin per unit.

Break-even point in dollars equal break-even point in units multiplied by selling price.

Income statement is prepared by deducting the total fixed cost from the total contribution.

4 0

3 years ago

The regular distribution of lollipops, toys, or treats every Friday is an example of a ________that helps reinforce Nunya's cult

harina [27]

Answer:

It is an example of a material symbol that helps reinforce Nunya's culture

6 0

3 years ago

Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions o

OLEGan [10]

Answer:

Apr. 1

Trade Receivable $6,600 (debit)

Sales Revenue $6,600 (credit)

Cost of Sales $3,960 (debit)

Merchandise $3,960 (credit)

Apr. 4

Sales Revenue $740 (debit)

Trade Receivable $740 (credit)

Merchandise $444 (debit)

Cost of Sales $444 (credit)

Apr. 8

Trade Receivable $2,800 (debit)

Sales Revenue $2,800 (credit)

Cost of Sales $1,960 (debit)

Merchandise $1,960 (credit)

Apr. 11

Cash $5,860 (debit)

Trade Receivable (credit)

Explanation:

Perpetual method of inventory keeps a record of cost of inventory after every sale.

Thus, for every sale transaction remember to recognize the Sales Revenue and the Cost of Sales that follow the sale.

For any returns, De-recognize the Sales Revenue - to the extend of the credit granted and also de-recognize the Cost of Sales to the extend of the value of Inventory returned.

4 0

3 years ago

Firms and brands that continually attempt to operate in the

Archy [21]

Answer:

B) High, low

Firms and brands that continually attempt to operate in the HIGH price / LOW benefits quadrant do not survive over the long run as customer trust is Damaged.

Explanation:

Many times new products have a very short life because companies believe that they can charge very high prices because they are innovations, but they forget to provide the corresponding benefits of a very high price. Usually short living fads result from this strategy, because the customers will demand more for their money and if the product doesn't satisfy them, they wouldn't purchase it again. And with all the social networks we have today, gossip (and videos) about bad products travel extremely fast.

6 0

3 years ago