1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Y_Kistochka [10]
3 years ago
11

∗ percy consumes cakes and ale. his demand function for cakes is qc = m − 30pc + 20pa, where m is his income, pa is the price of

ale, pc is the price of cake and qc is the quantity of cake.
Business
1 answer:
sasho [114]3 years ago
7 0

<u>Solution:</u>

Since there exists a positive relationship between price of ale and demand for cakes, the two are substitutes.

After substituting the given values,

Qc = 100 – 30pc + 20 pa

Where, qc= quantity of the cake, m = income of percy, pa = price of ale, pc = price of cake

Qc = 120 – 30 pc

Now, Rearranging demand function calculated above,

Qc = 120 – 30 pc

30 pc = 120 – Qc

Thus, Pc = 4 – 0.033 Qc

You might be interested in
Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $ 130,000 Dire
alex41 [277]

Answer:

$235,600

Explanation:

Variable costs refer to corporate expenses that change in proportion with the output of a production process. These costs may either increase or decrease based on a company's production volume; they rise as production increases and fall as production decreases. In our case, they include direct material cost, direct labor cost, and packaging cost.

Closet​ Link's total variable costs

= Direct material cost +  Direct labor cost + packaging cost

= $86,000 + $130,000 + $19,600

= $235,600

7 0
4 years ago
If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $
Leona [35]

Answer:

Assets and equities both increase by $52,000. No change in liabilities.

Explanation:

The accounting equation gives the relationship between all the items that make up the balance sheet. These are the assets, liabilities and owner's equity.

assets = equity + liabilities

If the parcel of land that was originally purchased for $85,000 and sold for $137,000, the seller would recognize a

Gain on disposal = $137,000 -  $85,000

= $52,000

This gain on disposal is an additional income to the seller.

The effect on the accounting equation is that there is a net increase in asset of $52,000 as fixed asset reduces by $85,000 but another asset in form of cash or accounts receivable amounting to $137,000 is recognized. No change happens to the sellers liability.

However, the seller's equity increases as the gain on disposal is an income which would be posted at the end of the year into retained earnings.

In summary, assets and equities both increase by $52,000.

6 0
3 years ago
A neurobiologist explains to his students that the human nervous system is analogous to electrical circuits in homes. if the cir
Kazeer [188]
Myelin sheath myelin sheath myelin sheath myelin sheath<span>
</span>


7 0
3 years ago
Eduardo goes to his mentor, Mateo, to get tips for improving his performance. Administrative While reviewing his goals for the y
nasty-shy [4]

Below is the correct outline of the question:

Eduardo goes to his mentor, Mateo, to get tips for improving his performance.

Type of training:________

While reviewing his goals for the year, Tyrell and his manager discuss what training Tyrell might require to accomplish next year's goals.

Type of training:________

Adriaan and Arie got off on the wrong foot. Arie messed up his first project for Adriaan, and now Adriaan gives him low performance ratings in every category of performance. This is an example of a ________ error.  _______ training will help the manager to evaluate performance more accurately.

Answer:

1. Type of training: Developmental

2. Type of training: Developmental

3. Halo error

4. Frame of Reference (FOR) training

Explanation:

Eduardo goes to his mentor, Mateo, to get tips for improving his performance.

Type of training: <u>Developmental</u>

While reviewing his goals for the year, Tyrell and his manager discuss what training Tyrell might require to accomplish next year's goals.

Type of training: <u>Developmental</u>

Suzy is known for her highly rated employees. Everyone gets a performance rating of "outstanding," regardless of the work they have actually done. This is an example of a <u>leniency </u>error. <u>Frame of Reference </u>training will help the manager to evaluate performance more accurately.

Further Explanation:

For (1) and (2) A development training involves identifying areas employees need to improve on and organizing training programs to strengthen those skills that each employee needs to improve.

For (3),  Leniency error is a rater's bias where the individual who does the rating has the tendency to rate people too positively.

For (4), Frame of Reference (FOR) training is a form of training that teaches how to produce accurate and reliable workplace-based ratings when assessing a performance  It's aim is to improve the accuracy of the ratings of the individual responsible for the evaluation of employees.

5 0
3 years ago
Cassy Budd Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: begi
kozerog [31]

Answer:

Credit to the PBO for $13,500

Explanation:

Defined benefit pension plan is a pension structure adopted by a company in which an employee is guaranteed payments in the future for example after retirement. Since the payments are given far into the future, complex calculations are required to compute how to account for annual expenses and changes in pension obligation.

Now, under the above plan, the amount of the future benefits that will be paid for by the company depends on a multitude of factors such length of time served, an employee lifespan. The annual expense needs to match the recognition of the related expense in the period in which the particular employee renders the service for which they will be paid in the future.

So, the formula for Periodic (Annual) Pension Expense is Interest Costs (Interest incurred on the beginning Projected Benefit Obligation) + Service Costs (Present Value of the projected retirement benefits earned in the current period) - Actual Return on Plan Assets (the returns provided by the assets held under the Company's pension plan) + Amortization of Prior Service Costs (changes to pension expense as a retroactive amendments to the pension plan) +/- Amortization of Actuarial Gains or Losses (the change in the PBO as a result of changes in assumptions used to calculate the PBO).

The question provides us with the interest costs, the services costs, and the expected return on plan assets with other costs being nil.

Therefore, annual pension expense is Service Costs + Interest Costs - Expected Return on Plan Assets = 18,500 + 5,500 - 10,500 = 13,500.

The journal entry is a credit to the PBO of the amount of the expense and a debit to the Pension Expense. Note that the difference between ending PBO and beginning PBO is NOT equivalent to annual expense since other items such as company's contribution and changes in fair value of the liability also impact the PBO.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following Lean principles reflects the ability of a customer to move through a process? a) Value b) Flow c) Pull d)
    10·1 answer
  • He type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors, is known
    9·1 answer
  • Select the correct statement about HR responsibilities of supervisors.A. Supervisors do not interview job candidates.B. In large
    14·1 answer
  • The leader-member exchange theory argues that:
    14·2 answers
  • Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the des
    8·1 answer
  • A project's payback period is the ______. estimated length of the capital investment project from the initial cash outflow to th
    10·1 answer
  • To what aspect of a business structure does the term sole proprietorship refer?
    15·1 answer
  • The proper discount rate when using the dividend discount valuation model is the:
    14·1 answer
  • Under the classic gold standard, if prices began rising in the U.S.a.the dollar value of the pound would riseb.the dollar value
    8·1 answer
  • The conflict escalation cycle:___________.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!