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Nutka1998 [239]
3 years ago
10

Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice a

nd the quantity of juice supplied. He hands you the following document:
Price of Juice Quantity of Juice Supplied (Dollars per can) (Billions of cans)
0.50 750
0.75 1,000
1.00 1,500
1.25 2,000
Your task is to take this______________ and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice supplied increases. This confirms the____________- .
Business
1 answer:
Anni [7]3 years ago
8 0

Question

Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice and the quantity of juice supplied. He hands you the following document:

Price of Juice Quantity of Juice Supplied (Dollars per can) (Billions of cans)

0.50 750

0.75 1,000

1.00 1,500

1.25 2,000

Your task is to take this______________ and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice supplied increases. This confirms the____________- .

A.quantity of juice supplied

B.law of supply

C.supply schedule

D. supply curve

Answer:

The correct answers are

C - Supply Schedule

B - Law of Supply

Explanation:

A Supply schedule is a tabular representation of the relationship between the price of a commodity and the quantity of it that is supplied.

The law of supply states that all things being equal, price and quantity supplied will always move in the same direction.

Cheers!

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EB7.
egoroff_w [7]

Answer:

$4,228,125

Explanation:

The computation of the included amount is shown below:

= Estimated production in a next year × required direct labor per hour × labor rate per hour

= 75,000 units × 4.1 hours × $13.75 per hour

= $4,228,125

We simply multiplied the estimated production with the required direct labor per hour and the labor rate per hour so that the estimated value can arrive

5 0
3 years ago
An example of opportunity cost:
maria [59]

Answer: b. Is the Chinese food that you gave up when you chose to eat Italian food.

Explanation: Opportunity cost refers to the cost of the next best alternative foregone or sacrificed. When an individual chooses to take a certain action, then his opportunity cost of doing that will be the alternatives that he has foregone.

IT can be expresses as,

Opportunity cost = \frac{Units sacrificed}{Units Gained}

When the individual chooses Chinese food when he could have choose to eat Italian food, his opportunity cost will be the Chinese food that you gave up.

For other options there is no information on what was given up.

8 0
3 years ago
OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Eac
-Dominant- [34]

Answer: 299750

Explanation:

Based on no-arbitrage approach, future price should be equal to spot price compounded by risk-free rate.

Spot price = $110

Risk-free rate = 9%

Future price = 110*(1+9%) = 119.9

For 2500 shares = 119.9*2500 = 299750

3 0
3 years ago
Superstition Industries has a $2,000,000 asset investment and is subject to a 30% income tax rate. Cash inflows from the project
nekit [7.7K]

Answer:

12.25%

Explanation:

Calculation to determine what The company's after-tax accounting rate of return on this investment is:

Using this formula

After-tax accounting rate of return =Avarage income/Average investment

Let plug in the formula

After-tax accounting rate of return=($350,000*70%)/$2,000,000

(100%-30%=70%)

After-tax accounting rate of return=$245,000/$2,000,000

After-tax accounting rate of return=0.1225*100

After-tax accounting rate of return=12.25%

Therefore The company's after-tax accounting rate of return on this investment is:12.25%

6 0
3 years ago
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization sch
Zielflug [23.3K]

Answer:

7%

Explanation:

Calculation to determine the annual effective interest rate on the bonds

Using this formula

Annual Stated interest = Annual cash interest / Face vale of bonds*100

Let plug in the formula

Annual Stated interest =($7000+$7000) / 200000*100

Annual Stated interest=$14,000/20,000

Annual Stated interest=7%

Therefore the annual effective interest rate on the bonds is 7%

4 0
3 years ago
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