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Lilit [14]
3 years ago
8

Assume the market for spiral bound notebooks is in equilibrium. All students in public schools need notebooks of some type when

they attend classes. For each of the following, explain the possible effects on demand and/or supply and equilibrium price and quantity of spiral bound notebooks using a correctly labeled supply and demand graph with equilibrium price and quantity labeled. Under your hand-drawn graph, list the determinant of supply and/or demand that causes each shift as well as the change in price and quantity.
a) The price of natural gas, a resource used by manufacturers throughout the United States, doubles.
b) The government provides a subsidy for notebook manufacturers.
c) Your income increases and spiral bound notebooks are an inferior good.
Business
1 answer:
alukav5142 [94]3 years ago
8 0
 <span>a) If energy prices go up, manufacturing costs go up, which ultimately increases the price of the notebook. This will also most likely lead to a decrease in quantity, as the manufacturing cost per unit is higher. This is a supply determinant. 

b) In theory, the subsidy reduces the cost per unit to the manufacturer, which increases supply and often reduces price, again being a supply-side determinant. In reality, it creates an incentive for notebook manufacturers to keep doing what they are doing, disincentivizing cost-saving developments and alternatives. Why innovate when you can get free government cheese? 
Anyway, supply determinant. 

c) The price of an inferior good increasing tends to push some demand for superior goods, especially when the income to cost of good ratio remains the same for the inferior good but gets better for the superior one. Demand determinant. </span>
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Answer:

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Explanation:

Giving the following formula:

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Direct labor 10,000

Facility-level costs allocated to products 30,000

<u>We were not provided with information regarding the fixed allocated costs. If none of the fixed allocated costs are avoidable, only the variable cost will not be incurred if the product is eliminated.</u>

Avoidable costs= $60,000

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Answer:

Option b                        

Explanation:

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Belltone Company made the following expenditures related to its 10-year-old manufacturing facility:
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Answer:

The journal entries are as follows:

(1) Accumulated depreciation - Building A/c Dr. $250,000

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6 0
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3 years ago
Anchor, Inc. had income after taxes of $500,000 for the current year. An average of 125,000 shares of Anchor’s common stock was
Karolina [17]

Answer:

Basic EPS 3.95

Basic EPS Dilutive 3.337

Explanation:

Calculation for the basic and diluted EPS for the current year

First step is to find the convertible securities outstanding for the current year from 1 to 5

1. Numerator effect=6,000

(6%*100,000)

Denominator effect=15,000

[(100,000/10)*1.5]

ME=6000/15,000=.402.

2. Premium=5,000

[(105%-100%)*100,000]

Yearly Amortization= 500

5,000/10 years

Yearly Payment= 8,000

(8%*100,000)

Numerator effect= 8,000-500

= 7,500 * (100%-34%)= 4,950

Denominator effect= 100,000/1,000

= 100*90 per share= 9000

ME= 4,950/9,000

ME=.553.13 percent

3. Discount=900

[(100%-97%)*30,000]

Yearly Amortization=180

(900/5years)

Yearly Payment=3,900

Numerator effect= 3,900+180

=4,080*(100%-34%)

= 2,692.8

Denominator effect= 900

ME=2693/900

ME= 2.994.7 percent

4. Discount=3,000

(60,000/20)

Yearly Amortization=375

(3,000/ 8years )

Yearly Payment= 4,200

Numerator effect= 4,200+375

Numerator effect= 4,575*(100%-34%)

= 3,019.5

Denominator effect= 1,200

ME= 3020/1200= 2.525

5. Numerator effect= 55,000*(100%-34%)

= 36,300

(11%*500,000=55,000)

Denominator effect= 10,000

ME=36300/10000= 3.63

Second step is to calculate the basic and diluted EPS

Calcualtion for BASIC EPS

Net income = 500,000- (100,000*.06=6000)

Net income= 494,000

Average Outstanding=125,000

Using this formula

Basic EPS=Net income/Average Outstanding

Let plug in the formula

Basic EPS:494,000/125,000

Basic EPS=3.95

Therefore the Basic EPS will be 3.95

Calculation for BASIC EPS DILUTIVE

Dilutive=494,000+6,000+4,950+2,693+3,020/125,000+2,000+15,000+9,000+900+1200

Basic EPS Dilutive=510,663/153,000

Basic EPS Dilutive=3.337

Therefore Basic EPS Dilutive will be 3.337

8 0
3 years ago
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