Answer:
$8000
Explanation:
Based on the fact that she didn't purchase the stock initially At $10000, but she was gifted it at $8000 her bases upon which she will derive profit or loss from is $8000
Answer:
b both milk and bread are normal goods.
Explanation:
Jessica's demand for bread and milk increased as her income increased. This implies that both milk and bread are normal goods.
A normal good is a good for which demand increases as income rises and demand decreases as income falls.
Answer:
8%
Explanation:
The formula and the computation of the price elasticity of supply is shown below:
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
where,
Price elasticity of supply = 0.4
And, the percentage change in price = 20%
So, the percentage change in quantity supplied is
= Price elasticity of supply × the percentage change in price
= 0.4 × 20%
= 8%
It shows a direct relationship between the quantity supplied and the price.
Answer:
A.Product cost $365,600
B.Period cost $350,300
Explanation:
Direct materials $174,800
Direct labor $90,200
Manufacturing overhead:
Property taxes, factory $17,700
Indirect labor $41,200
Depreciation of production equipment $41,700
Total product cost $365,600
b.
Marketing salaries $50,600
Administrative travel $99,500
Sales commissions $57,300
Advertising $142,900
Total period cost $350,300
Answer:
Kelly Tumlin wants to open a dog grooming salon that will offer healthy, natural pet care and holistic pet products. All of the products sold at the salon will be of the highest quality and made of all-natural ingredients. Tumlin wants to pamper pets just like a spa pampers their owners. To determine the feasibility of the grooming salon, Tumlin hired a marketing researcher who studied all the market information available and determined that single, white-collar workers between the ages of 30 and 60 were the most likely people to use the services proposed by Tumlin. The researcher also determined the west side of the city offers the best location for the enterprise even though zoning regulations are much stricter in that area.
Refer to Dog Spa. The fact that people would actually treat their dogs to a luxurious spa treatment reflects a change in political factors within the external environment
The zoning is a political factor that led to the regulations
Explanation:
