A. 90, 000 B. 90, 000 C. 90, 000 D. 90, 000. Since the the Spanish consumers are indifferent between the domestic and imported product, hence, demand and supply remain constant at same price, €1 per cap.
<h3>What is Supply?</h3>
In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.
Therefore, the correct answers are as given above.
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Answer:
0.6
Explanation:
Variable Expense Ratio is calculated by taking Variable Expense and dividing it by Sales. This ratio indicates how much of the variable expense is incurred by company for each $1 Sales.
So, variable expense ratio is .6 or 60% (33,000 / 55,000).
Such questions also require the calculation of Contribution Margin Ratio which is calculated by taking Contribution Margin and Dividing it by Sales. This ratio tells us how much the company generates after covering variables expenses when the sales are $1.
So, Contribution Margin Ratio is .4 or 40% (22,000 / 55,000).
Answer:
Payment to suppliers was $ 17,100
Credit sales was $37,200
Explanation:
Please refer to the attached for working.
Answer: $18,224 unfavourable
Explanation:
The materials quantity variance for the month will be calculated thus:
= Standard Cost per unit × ( Actual materials Used - Actual output)
= 13.4 × [( 4,300 - 700) × 4.2]
= $18,224 unfavourable
Therefore, the materials quantity variance for the month is $18,224 unfavourable
Answer:
The amount to be saved at the age of 65 is $1940755.74
Explanation:
To calculate the amount needed at 65 including inflation = 40000 * 1.0336 = 115931.13
Present Value of Growing Annuity = PMT / (r-g) [ 1 - {(1+g)/(1+r)}n ]
= 115931.13 / (0.045 - 0.03) [ 1 - (1.03/1.045)20 ]
= 7728742.2 * 0.2511089
= 1940755.74
