Answer:
$40.875
Explanation:
Given that,
Selling Expenses = $ 9,600
Merchandise Inventory on December 31 = 33,000
Merchandise Inventory on January 1 = 47,000
Purchases of merchandise = 83,500
Rent for store = 12,100
Sales commissions = 7,300
Sales revenue = 168,500
Cost of goods sold:
= Beginning merchandise inventory + Merchandise purchase - Ending merchandise inventory
= $47,000 + $83,500 + $33,000
= $163,500
If Crabapples sold 4,000 boxes of dry fruit during the year, then the cost per box of dry fruits is:
= Cost of goods sold ÷ Number of boxes sold
= $163,500 ÷ 4,000
= $40.875
Answer:
b. quantity with price as the explanatory variable because the demand curve is linear.
Explanation:
A linear demand curve can be defined as the graphical representation of the relationship between the quantity of goods or services that are being demanded by the consumers and the price of the goods or services at a specific period of time.
Generally, the x-axis of the graph is used to represent the price of the goods or services while the y-axis of the graph is used to represent the quantity of goods or services that are being demanded by the customers at a specific period of time.
In this scenario, You work for a firm producing fitness equipment and have been informed that the demand curve for the firm's main product, a multi-station home gym, is linear. Also, you have been provided with price and quantity data obtained from focus groups and have been asked to run a regression of revenue on price.
Hence, a linear functional form can properly be used to estimate quantity with price as the explanatory variable because the demand curve is linear.
Additionally, according to the law of demand, as the price of a particular product or service increases, there will be a decrease in the quantity that is being demanded by the consumers.
Answer:
Which factor can boost business opportunities in Virginia?
Re-branding
Well packaged advertorials
discount sales
promo sales
improve content quality
price reduction
Explanation:
Answer:
The P/E ratio is 12.8.
Explanation:
The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.
The P/E ratio is = Price per share / Earnings per share
P/E ratio = 126.72 / 9.9 = 12.8 times
