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professor190 [17]
4 years ago
9

Government officials have hired your consulting firm to encourage more people to use the theater . In the initial meeting, you d

iscussed several options for increasing demand. Three suggestions are listed below. Based on your knowledge of the law of demand, what is your recommendation for each suggestion?
Suggestion 1: Reduce the price of the theater tickets.

a. Not recommend
b. Recommend
Business
1 answer:
REY [17]4 years ago
3 0

Answer:

b. Recommend

Explanation:

Since according to the law of demand, an increase in price will result in decrease of quantity demanded and vice versa, a reduction in the price of ticket will see the rise in the demand of the theater tickets.

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A manufacturing company expects to sell 12,000 units in August and 15,000 units in September. The company desires to have an end
nikklg [1K]

Answer:

16,000

Explanation:

The amount of inventory to be produced is dependent on the projected sales, the expected opening and ending balances.

If the company desires to have an ending inventory of 80% of the next month's sales. It means that the ending inventory for August

= 80% × 15,000

= 12,000 units

Let the units to be produced in August be G, then;

8000 + G - 12000 = 12000

G = 12000 + 12000 - 8000

= 16000 units

The company should produce 16,000 units in August.

5 0
3 years ago
For product costs associated with a particular product to be reported on the income statement:
RUDIKE [14]

Answer:

a. The product must be sold

Explanation:

Total revenue and total expenses are recorded in the income statement.  

If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.

The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory

And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement

6 0
3 years ago
Macroeconomic forces contribute to an industry's ability to be profitable. Which of the following examples shows how a company m
Elis [28]

Answer:

A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.

Explanation:

Companies usually give numerous promotions to their valuable customers to increase the overall sales revenue. In the above scenario, if a home mortgage company creates a sales promotion which attracts customers to buy their product and take advantage of the favourable interest rate is an example of companies focusing on macroeconomic factors. Macroeconomic forces are important for any company to improve profits.

6 0
3 years ago
You want to buy a new ski boat 2 years from now, and you plan to save $6,400 per year, beginning one year from today. You will d
Leviafan [203]

Answer:

Total Amount after 2 years = $13196.8

Explanation:

Data Given:

Amount of savings per year = $6400

Interest rate = 6.2%

Find Total Amount in account after 2 year:

Solution:

Lets consider it step by step.

Amount of money deposited in account after 1 year = $6400

After 2 years, we earn 6.2% interest on $6400,which is:

\frac{6.2}{100}\cdot6400= 396.8

So, after 2 years, BEFORE the 2nd deposit, we have $6400 + $396.8 = $6796.8 in the account.

AFTER 2nd deposit of $6400, total amount we have in account is:

Total Amount = $6796.8 + $6400 = $13196.8

3 0
3 years ago
Carefully review the material in The Determinants of Investment, Chapter 28 of Tarshis. Briefly address the following questions:
defon

Answer:

Investment  here is methods for riches creation methodology to develop cash exponentially and park in different resource classes to beat inflation.  

 

Investment is unstable  because of pinnacles and troughs saw in changing business cycles and bear and bull runs of value markets. Since Investment shapes an element of GDP it establishes significant parameters for long haul maintainability and development of Macroeconomic elements.  

The marginal efficiency of capital essentially portrayed as the pace of rebate which will be equivalent to the cost of a fixed capital resource at its net present limited estimation of future anticipated salary. Calculated as benefit an association expects on cost of information sources and deterioration of capital

8 0
3 years ago
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