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11111nata11111 [884]
3 years ago
13

Consider jimmy choo designer shoes. jimmy choo faces many competitors, while in another way jimmy choo faces no competitors. thi

s contradiction can be explained by:
Business
1 answer:
Leno4ka [110]3 years ago
3 0
The contradiction can be explained by the substitutability between Jimmy Choo shoes and other shoes. 
Substitutability is the ability of goods or services to be replaced by another good or services to be replaced by another good or service in use or consumption. Substitute goods are goods which, as a result of changed conditions, may replace each other in use. For example in this case, jimmy choo faces other competitors who have substitute shoes.
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JCS Incorporated experienced the following transactions during its first year of business. The company purchased $16,000 of merc
12345 [234]

Answer:

46.67%

Explanation:

Gross margin is the ratio of gross profit to the total sales. The gross profit is the difference between the sales and cost of goods sold. Other cost given such as land and selling and distribution cost make up assets and  operating expenses respectively.

Hence

Gross profit = $30,000 - $16,000

= $14,000

Gross margin = $14,000/$30,000

= 0.4667

The company's gross margin is 46.67%.

4 0
3 years ago
Farah Snack Co. has earnings after taxes of $108,750. Interest expense for the year was $20,000; preferred dividends paid were $
mars1129 [50]

Answer:

$0.9

Explanation:

Data provided in the question:

Earnings after taxes = $108,750

Interest expense for the year = $20,000

Preferred dividends paid = $18,750

Common dividends paid = $30,000

Common stock outstanding = 100,000 shares

Now,

Earning available on common stock

= Earnings after taxes - Preferred dividends paid

= $108,750 - $18,750

= $90,000

Therefore,

Earnings per share on the common stock

= Earning available on common stock ÷ Common stock outstanding

= $90,000 ÷ 100,000

= $0.9

7 0
3 years ago
William is interested in exercising more, but does not feel he has the time. Write a short response explaining how he can find t
solong [7]
Exercising doesn't mean you have to spend hours in the gym. Exercises can be done at the comforts of your home too, and there's plenty of exercise available, especially for those who have less time to do so. Just like for example, waiting time. While you are waiting for your clothes in the washing machine to finish, you may use this time to do some basic exercises such as running in place, jumping jacks or carrying weights. 
4 0
3 years ago
'As fewer people buy gym memberships, the demand for running shoes will decrease and the price of a pair of running shoes will i
olchik [2.2K]

Answer: "The rise in the price of a pair of running shoes will increase the supply of running shoes".

This statement is <u><em> false</em></u> because <em><u>a decrease in demand for running shoes does not increase the price of a pair of running shoes and an increase in the price of a pair of running shoes does not increase the supply of running shoes. </u></em>

This occurs as the price of a pair of running shoes increases,therefore decreasing the demand and thus the supply will not increase.

4 0
3 years ago
Economics: Which items make up the marketing mix?
Degger [83]

Answer: Price, Product, Promotion and Place.

Explanation:

7 0
3 years ago
Read 2 more answers
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