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
pshichka [43]
3 years ago
8

Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following

questions:
Quantity produced Price
Cell phones 5 million $100/cell phone
Pizza 25 million $10/pizza

The market value of pizza is:

a. $5 million.
b. $100 million.
c. $500 million
d. $20 million.
e. $750 million.
Business
1 answer:
maw [93]3 years ago
8 0

Answer:

$250 million

Explanation:

Given that,

Cell phones:

Quantity produced = 5 million

Price per cell phone = $100

Pizza:

Quantity produced = 25 million

Price per pizza = $10

The market value of pizza is determined by the product of quantity produced and price of each pizza.

Market value of pizza:

= Quantity produced × Price per pizza

= 25 million × $10

= $250 million

You might be interested in
If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 700 units, and the beginnin
cluponka [151]

Answer:

Production= 25,250 units

Explanation:

Giving the following information:

Sales= 25,000 units

ending inventory= 700 units

beginning inventory= 450 units

To calculate the required production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 25,000 + 700 - 450

Production= 25,250 units

6 0
2 years ago
Cheyenne has a home insured for $160,000. It would cost $180,000 to rebuild her home. If she has home insurance that provides pe
mestny [16]

Answer:

The correct answer is $112,000.

Explanation:

According to the scenario, the given data are as follows:

Home insured = $160,000

Cost to rebuild = $180,000

Personal property coverage = 70%

So, we can calculate the amount of coverage by using following formula:

Amount of coverage = Home insured × Personal property coverage

By putting the value, we get

Amount of coverage = $160,000 × 70%

= $112,000

4 0
3 years ago
Over the course of a day, fans pour into a NASCAR venue at the rate of 8,000 people per hour. The average rate at which fans lea
bezimeni [28]

Answer:

Must be exactly 8,000 people per hour.

Explanation:

Flow rate or throughput is the rate at which customers, goods, or services flow though a business process. It is usually measured as an average number of units that pass through a process per unit time.

In this scenario the people that entered the NASCAR venue were 8,000 people per hour.

So when people are coming out of the NASCAR venue average rate of flow out must be 8,000 people per hour.

The rate of units entering a business process must be equal to rate of units coming out per unit time.

8 0
3 years ago
Sells Company accounts for its investment in OFO, Inc. under the available-for-sale method. How should Sells Company record a ca
ohaa [14]

Answer:

the journal entry should be:

Dr Cash X

    Cr Dividend revenue X

When a company holds securities as an investment and classifies them as available for sale (AFS), any dividends received will be recorded as revenue.

Dividend revenue is reported in the income statement.

7 0
3 years ago
aylor & Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,0
fenix001 [56]

Answer:

Unitary prime cost= $170.24

Explanation:

Giving the following information:

Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.

Direct labor= $880,000.

Manufacturing overhead equaled $495,000

The company manufactured 8,400 television sets during the month.

Unitary prime cost= (direct material + direct labor)/number of units

Unitary prime cost= (550000 + 880000)/8400= $170.24

7 0
3 years ago
Other questions:
  • Tony wanted to buy a pair of​ binoculars, but not just any brand. He wanted to buy a pair of Steiner​ Nighthunters, just like th
    11·1 answer
  • On January 2, 20X1, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and De
    14·1 answer
  • Contemporary best-selling management books often argue that customers are the most important element in the external environment
    12·1 answer
  • The largest organizational unit in the federal bureaucracy is a(n) __________. science forums
    12·2 answers
  • Increased grants and loans for college expenses would ________ the number of college graduates, while ________ wages paid to col
    12·1 answer
  • Rewrite the following equation in standard form y=8x+2
    7·1 answer
  • Stellar Company sells goods that cost $309,500 to Record Company for $415,500 on January 2, 2020. The sales price includes an in
    8·1 answer
  • What is market positioning?<br> Read More &gt;&gt;
    13·1 answer
  • What is the future value of a $500 annuity payment over eight years if interest rates are 14 per 14 percent
    11·1 answer
  • ECONOMICS-NEED THIS DONE BY TODAY-100PTS
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!