All categories

3 years ago

1. When the price of good A increased from $90 to $110, the quantity demanded of

Business

1 answer:

Mama L [17]3 years ago

6 0

Answer:

A = 1.88

B = Elastic demand

C = Fall in turnover by $4,000

Explanation:

Elasticity demand is calculated with formula % change in demand / % change in price.

It is elastic if the result is greater than 1 , and inelastic if less than on.

The turnover dropped from $31,500 to $27, 500

You might be interested in

In order to understand consumer purchasing patterns for Lay's chips, Frito-Lay market researchers are likely to use ________ bec

S_A_V [24]

Answer: (C) Data mining

Explanation:

The data mining is one of the process that is specifically used for extracting the necessary data or information from the given raw data system and it specifically uses the mathematical analysis for driving the various types of patterns.

The data mining is also known as the knowledge discovering tool that is used for extracting the knowledge from the give data in an organization.

According to the given question, the Frito-lay market is using the data mining method for analyzing the lathe history from the given database. Therefore, Option (C) is correct answer.

4 0

4 years ago

Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in bl

GenaCL600 [577]

Answer:

1. Regular models 24,000

Deluxe models 3,556

2.17.4354%

Explanation:

1. Computation for the number of regular models and deluxe models that must be sold to break even

REGULAR MODEL:

First step is to calculate the Contribution per unit using this formula

Contribution per unit=Contribution/No.ofunits

Let plug in the formula

Contribution per unit=$4,500,000/90

Contribution per unit=50

Now let calculate the Break even units using this formula

Break even units=Direct fixed costs/Contribution per unit

Let plug in the formula

Break even units=$1,200,000/50

Break even units=24,000

DELUXE MODEL:

First step is to calculate the Contribution per unit using this formula

Contribution per unit=Contribution/No.ofunits

Let plug in the formula

Contribution per unit=$4,860,000/18,000

Contribution per unit=270

Now let calculate the Break even units using this formula

Break even units=Direct fixed costs/Contribution per unit

Let plug in the formula

Break even units=960,000/270

Break even units=3,556

Therefore the number of regular models and deluxe models that must be sold to break even are:

Regular models 24,000

Deluxe models 3,556

2. Computation for the sales revenue that must be generated for the company to break even

First step is to calculate the Break-even sales -

Break-even sales = 16,290,000 + 2,160,000 + 1,280,000

Break-even sales = 19,730,000

Second step is to calculate the Contribution Using this formula

Contribution = Break-even sales - Variable costs

Let plug in the formula

Contribution = 19,730,000 - 16,290,000

Contribution = $3,440,000

Now let calculate the Contribution margin ratio using this formula

Contribution margin ratio=Contribution/Break even sales *100

Contribution margin ratio=$3,440,000/$19,730,000*100

Contribution margin ratio=17.4354%

Therefore the Contribution margin ratio is 17.4354%

7 0

3 years ago

Telegraphic Solution's completed worksheet at November 30, 2018 is as follows:

vivado [14]

Answer:

a. Complete the income statement for the month ended November 30, 2018.

Telegraphic Solution's

Income Statement

For the month ended November 30, 2018

Service Revenue $9,600

Expenses:

Salaries Expense $2,750
Rent Expense 700
Depreciation Expense-Equipment $350
Supplies Expense 550
Utilities Expense $700 ($5,050)

Net Income $4,550

b. Complete the statement of owner's equity for the month ended November 30, 2018. Assume there were no contributions made by the owner during the month.

Telegraphic Solution's

Statement of Owner's Equity

For the month ended November 30, 2018

Pryor, capital, November 1, 2018 $32,900

Investments during the month $0

<u>Net income $4,550</u>

Subtotal $37,450

<u>Withdrawals during the month ($2,900)</u>

Pryor, capital, November 30, 2018 $34,550

c. Complete the classified balance sheet as of November 30, 2018

Assets:

Current assets

Cash $4,400

Accounts receivable $3,900

Prepaid rent $1,100

Office supplies $2,550

Total current assets $11,950

Non-current assets

Equipment net $28,350

Total non-current assets $28,350

Total assets: $40,300

Liabilities and equity:

Liabilities:

Current liabilities

Accounts payable $5,100

Salaries payable $650

Total current liabilities $5,750

Equity:

Pryor, capital $34,550

Total liabilities and equity: $40,300

4 0

3 years ago

According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather t

mario62 [17]

Answer:

According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather than in the name of its stockholders.

C) Separate legal existence

Explanation:

This separate legal existence means that before the law, a corporation is a distinct person, just like every other person, with rights and obligations. It can enter into binding contracts. It can perform business activities within the ambits of the law. It has its own name and personality that is not intertwined with those of the owners or stockholders. It enjoys a continuous lifespan that can only be liquidated under the laws.

3 0

3 years ago

Bharti Airtel is the largest cellular provider in India, with more than 300 million customers as of 2014. It also supplies broad

12345 [234]

Answer:

An opportunity.

Explanation:

Businesses conduct a SWOT analysis when they want to identify their internal weaknesses and strengths, it is also used to identify external opportunity and threats.

Firms use the analysis to develop a competitive strategy in the market by taking advantage of opportunities presented while mitigating risk posed by threats in the industry.

In this scenario Hutchinson Essar obtained a 5.6% stake in Airtel fr Vodafone. This transaction resulted in movement of knowledge and technology previously available to Airtel to one of its competitors.

This was an opportunity for Hutchinson Essar.

7 0

3 years ago

Read 2 more answers