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dmitriy555 [2]
3 years ago
8

Variable Costing

Business
1 answer:
mart [117]3 years ago
4 0

Answer:

a. $197,600

b. $163,400

c. $108,600

Explanation:

a. Manufacturing margin = Sales - Variable cost of goods sold

= $380,000 - $182,000

= $197,600

b. Contribution margin = Manufacturing margin - Variable selling and administrative expenses

= $197,600 - $34,200

= $163,400

c. Income from operations = Contribution margin - Fixed manufacturing costs -  Fixed selling and administrative expenses

= $163,400 - $57,000 - $2,800

= $108,600

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Negacho, a food and beverage company, introduced a new flavor of potato chips called South Indian Chillis. It received a positiv
Genrish500 [490]

Answer:

Inflow of innovation

Explanation:

Negacho introduced its new flavoured chips and received positive response. This shows that the market is open to adopting new innovative products

This is what prompted Brex Mex to introduce their own flavored potato chips.

Basically the market is favorable to introduction of new ideas and products.

8 0
3 years ago
What are decision support systems, and what role do they play in the business environment?
saveliy_v [14]
<span>A Decision Support System is a computerized information system that facilitates an organization's decision-making approach. It enables the company to analyze and plow through a massive stream of data, compile the results which could be used to solve problems and make better informed decisions. They play a central of roles in a business environment. They help an organization or business keep inventories of information assets (including legacy and relational data sources, cubes). They also help to compare and contrast sales figures between one period and the next. Dss help in projeected revenue estimate based on product sales assumptions. They also assist in theoretical and technical issues in the support of borderline decision</span>
3 0
3 years ago
A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p
marin [14]

Answer: The correct answer is "(B) Amputation procedures for diabetes sufferers".

The price elasticity of demand measures the degree of response of the quantity demanded of a good, given the change in the price of that good.

The demand for a good or service is less elastic when, given a change in the price, the demand varies in a smaller amount and the demand for a good or service is more elastic when, before a change in the price, the demand varies by greater or equal. Quantity than the price.

Between a diamond necklace and amputation procedures for patients with diabetes it is clear that the demand for amputation procedures for patients with diabetes is less elastic than that of a diamond necklace, since being a consequence of a disease and being treated of the health of the people the demand varies little or very little before a change in the price. On the other hand, a diamond necklace is a luxurious asset, which is not of extreme necessity for people.

7 0
3 years ago
Last month, Price Company purchased supplies on account, $5,000. Today, Price Company pays the amount that is owed.
xenn [34]

Answer:

Asset Account is decreased.

Liability Account is also decreased.

No effects on Capital Stock.

No effects on Retained Earnings.

Explanation:

Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.

Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.

This transaction will have no effects on Capital Stock Account and Retained Earnings Account.

7 0
3 years ago
A free-trade agreement between two countries results in increased trade between the countries because barriers to trade are remo
serious [3.7K]

Answer:

True

Explanation:

A free trade agreement consists of deliberate actions by countries to increase the volume of trade between them by reducing trade barriers. A  trade agreement entails a reduction or elimination of tariffs and other economic collaboration the encourage cross border trade.  

A free trade agreement gives rise to a free trade zone. Goods and services move a lot freely in a free trade zone. There is an increased movement of capital and other factors of production between the two countries.

5 0
3 years ago
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