Answer:
c. 21,645
Explanation:
The computation of number of fans required to meet the company's goal is shown below:
= (Fixed cost+ target profit) ÷ (Contribution margin per unit)
= ($222,640 + $470,000) ÷ ($32)
= ($692,640) ÷ ($32)
= $21,645
The contribution margin per unit = Selling price per unit - Variable expense per unit
Therefore, the number of fans equal to $21,645
We calculated by above formula.
Answer:
a. does not shift
b. shifts to the left
c. increases
a. decreases
Explanation:
As a result of the drought affecting the supply of cream, the supply of chocolate would fall. As a result, the supply curve would shift to the left. The demand curve would remain unchanged.
As a result of the leftward shift of the supply curve, the equilibrium price would increase and quantity would fall.
Shared decision-making, as implied by the name, is when two or more parties negotiate and decide on any financial decisions. The most common example of this is married couples who have to decide how to handle their shared income and resources.
Answer:
Option (a) is correct.
Explanation:
Given that,
Initial Quantity supplied = 10,000
New quantity supplied = 15,000
Initial price = $5
Price elasticity of demand = 1.8
Percentage change in quantity supplied:
= [(New quantity supplied - Initial Quantity supplied) ÷ Initial Quantity supplied] × 100
= [(15,000 - 10,000) ÷ 10,000] × 100
= (5,000 ÷ 10,000) × 100
= 50%
Let the new price be x,
Percentage change in price:
= [(New price - Initial price) ÷ Initial price] × 100
= [(x - $5) ÷ $5] × 100
= (x - 5) × 20
= 20x - 100
Therefore,
Price elasticity of demand = Percentage change in quantity supplied ÷ Percentage change in price
1.8 = 50 ÷ (20x - 100)
1.8 (20x - 100) = 50
36x - 180 = 50
36x = 230
x = 5
Hence, the new price per pound of walnuts is $5.
Answer:
the correct answer is
b. debit to Accounts Receivable for $200.
good luck ❤
