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3 years ago

What limits the quantity sold with a price floor: supply or demand?

Business

1 answer:

jarptica [38.1K]3 years ago

7 0

Answer:

Demand

Explanation:

If no one is buying the product naturally it the limits the quantity sold.

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Gale Rana is a production worker at Gexo Manufacturing, which produces alr conditioning systems. After working there for 10 year

son4ous [18]

Answer:

Equality act

Explanation:

The equality act which was made in 2010 is a law that enforces that individuals in the same company should be given equal pay. It is usually used in the context of sexual discrimination thereby ensuring right to equal pay between women and men for equal work.

This act cover all payment and benefit package like basic pay, non-salary payments, bonuses and allowances.

6 0

3 years ago

Five Conditions that will make it more appropriate to have a news conference

FinnZ [79.3K]

Answer:

you have confidence in work

Explanation:

fousing on your work

8 0

3 years ago

Global Travel uses the contribution margin income statement internally. Global's first-quarter results are as follows:

Stells [14]

Answer:

Contribution margin ratio = Contribution Margin / Sales

= $ 315,000 / $ 525,000

= 0.6 or 60%

Hence, contribution margin at $ 230,000 Sales = Contribution margin ratio * $ 230,000 ( Sales )

= 0.6 * 230,000 = $ 138,000 ( Part A )

Contribution margin at $ 400,000 Sales = 0.6 * $ 400,000

= $ 240,000 ( Part B )

At Sales level of $ 230,000

Sales revenue $ 230,000

- Variable expenses (Sales - Contribution margin) $ 92,000

Contribution Margin ( From Part A ) $ 138,000

- Fixed Expenses $ 172,000

Operating Income / Loss $ (34,000)

At Sales level of $ 400,000

Sales Revenue $ 400,000

- Variable expenses $ 160,000

Contribution Margin ( From part B ) $ 240,000

- Fixed Expenses $ 172,000

Operating Income / Loss $ 68,000

Explanation:

Refer to the answer.

5 0

4 years ago

Soft Key is trying to determine how best to produce its newest product, DVORK keyboards. The keyboards could be produced in hous

masha68 [24]

Answer:

Supplier= From 1 to 799 units

Process A= 801 to 1,999 units

Process B= 2,001 to infinity

Explanation:

Giving the following information:

Process A:

Fixed costs= $8,000

Variable cost= $10

Process B:

Fixed costs= $20,000

Varaible cost= $4

Supplier:

Buying price= $20

First, we need to determine the cost formula for each process:

Process A= 8,000 + 10x

Process B= 20,000 + 4x

To determine the indifference point, we need to determine the value of X for each process:

Process A= Process B

8,000 + 10x= 20,000 + 4x

6x= 12,000

x= 2,000 units

To prove it:

Process A= 8,000 + 10*2,000= $28,000

Process B= 20,000 + 4*2,000= $28,000

From 2,001 units and up, Process B is cheaper than Process A, because the unitary variable cost is lower.

Now, we have to determine the level of demand for Process A and the supplier.

Supplier= 20x

Process A= Supplier

8,000 + 10x= 20x

8,000= 10x

800= x

To prove:

Process A= 8,000 + 10*800= $16,000

Supplier= 20*800= $16,000

From 801 units to 1,999 Process A is cheaper than the Supplier and Process B.

5 0

4 years ago

Gwen is leading a meeting and wants to make sure that they stick to the agenda and end on time. What should she do to move the m

kap26 [50]

Answer:

Share a good agenda for the meeting with the attendees of meeting.

Explanation:

A good agenda lays out the the pre-meeting preparation expected from participants and the list of meeting activities in ordered form.

Gwen can write a good agenda for the meeting and share it with the attendees of the meeting to make sure that everyone comes prepared and sticks to the agenda all along the meeting.

Within the meeting, Gwen may refer to the agenda multiple times to make sure she is discussing the planned activities in meeting. If she finds anything that is not the subject of meeting or agenda, she may postpone it for further review apart from the meeting, and move on.

This way, she can end up the meeting on time and while portray all the objectives on the agenda.

8 0

4 years ago