Answer:
a) $170,000
Explanation:
Total Sales = 200,000 X 2 = 400,000
-Sales Return = 400,000 X 5% = 20,000
=Net Sales = 380,000
-Cost of corrugated boxes = 200,000 X 1 = 200,000
=Gross Margin = 180,000
-Additional Cost = 10,000
=Operating profit = 170,000
Answer:
1.- 35,000 helment x 0.6 kilograms = 21,000 STD quantity
2.- 21,000 kilograms x $8 per kilogram = $168,000
3.- 9,000 F
4.- 12,000 U
Explanation:
std cost $8.00
actual cost $7.60
quantity 22,500
difference $0.40
The actual cost for each kilogram is lower than expected. This means the copamny saved cash in the purchase. This variance is favorable.
saved 0.40 per kilograms x 22,500 purchased
price variance $9,000.00
std quantity 21000.00
actual quantity 22500.00
std cost $8.00
difference -1500.00
The actual quantity was higher than expected, this variance will be unfavorable
1,500 extra kilograms x $8 each =
quantity variance $(12,000.00)
Answer:
The amount requested of an item or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.
Explanation:
have a nice day!
Answer:
4-Firm Concentration ratio = 20%
Explanation:
Each firm has equal share
That means 100% share of the industry is divided equally among the 20 firm
Share of 1 firm = 100/20 = 5%
4-Firm Concentration ratio = Share of 1 firm * Number of firm
4-Firm Concentration ratio = 0.05 * 4
4-Firm Concentration ratio = 0.2
4-Firm Concentration ratio = 20%
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