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3 years ago

PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!!!!!!!!

Business

1 answer:

pav-90 [236]3 years ago

3 0

Answer:

Hola Amigo! Here's ur answer :D

Explanation:

The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

Happy to Help!

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Prior to the 1997 federal tobacco settlement a pack of cigarettes sold for $2.48. The terms of the settlement required a decreas

makkiz [27]

Answer:

$3.62

Explanation:

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

1.3 = 60% / percentage change in price

Percentage change in price = 60/1.3

=46.15%

Price has to rise by 46.15% or 0.4615

0.4615 = (x - 2.48) / 2.48

1.14 = x - 2.48

X = 3.62

Price has to rise to $3.62 to achieve a 60% reduction.

I hope my answer helps you

3 0

3 years ago

At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost informat

SVETLANKA909090 [29]

Answer:

1. Overhead rate based on direct labor cost = 65%

2. Brief job-order cost sheet for the four jobs is attached with this question please find it.

Work in process = $13,356

Finished Goods = $3,434

Cost of Goods Sold = $24,127

Explanation:

Job 44 Job 45

Direct materials $5,100 $1,500

Direct labor 1,200 3,000

Applied overhead 780 1,950

Balance, June 1 $7,080 $6,450

Job 44 Job 45 Job 46 Job 47

Direct materials $2,200 $7,150 $1,850 $1,700

Direct labor $900 $6,380 $960 $540

1. Over head Rate = Applied overhead / direct labor = (780/1200) x 100= 65%

3. Work in process (Job 44 & 47) = $10,765 + $2,591 = $13,356

Finished Goods (Job 46) = $3,434

4. Cost of Goods Sold (Job 45) = $24,127

4 0

4 years ago

Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are

Savatey [412]

The Kraus Steel Company ended producing about 7900 tons of inventory during the month of October.

<h3>What is inventory?</h3>

The amount of finished goods available in the warehouses or storage of an organization during a given period, which is ready to be sold in the market, is known as the inventory.

The produced inventory can be calculated using the given information as,

Inventory produced=Beginning Work in Process-Ending Work in Process

Inventory Produced =11300-3400=7900 tons

Hence, the significance of inventory produced is aforementioned.

Learn more about inventory here:

brainly.com/question/14184995

#SPJ1

4 0

2 years ago

The Missing Link Chain-Link Fence Company is trying to determine how many chain-link fabricating machines to buy for its factory

OleMash [197]

Answer:

Explanation:

What is given:

The price of a new fabricating machine - 60

The price of a one-year-old machine - 51

The real interest rate is 10% per year

Marginal product of fabricating machines 165-2K (K - desired number machines)

If calculate the depreciation, (60-51)/51 = 15%

a) Find user cost of capital

User cost of capital is the sum of interest rate and depreciation cost multiplied by the price of new machine

= 60*(0.10+0.15) = 15 units

b) Determine the number of machines that will allow Missing Link to maximize its profit

165-2K=15

2K = 150

K = 75 machines

Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company?

165-2K = 15/(1-0.4)

165-2K=14/0.6

165-2K=25

2K=140

K=70 macines

4 0

3 years ago

One of the reasons the apple ii computer was popular was that ________.

Svet_ta [14]

One of the reasons why the Apple II computer was popular and known to the people was that the "operating system of this computer was stored in the ROM or Read-Only Memory". It is developed with advanced utilities and also the first multi-touch wireless mouse was also being developed by Apple company. Other reasons, why people choose Apple II computer over the other brand was that its durability and uniqueness. But this computer is much expensive compared to other known brands but still, people keep patronizing the apple II computer product.

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3 years ago