Help marketing multiple choice which is it

As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also

eduard

As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

<h3>What is a Demand Curve?</h3>

This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.

Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

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7 0

2 years ago

The following transactions occurred last year at Jogger Corporation: Issuance of shares of the company's own common stock $ 110,

Nata [24]

Answer:

b. $7,000

Explanation:

Statement of Cash-flow from Financing activities

Particulars Amount

Issue common Stock $110,000

Dividend paid -$3,000

Retirement of bonds payable -<u>$100,000</u>

Net cash flow from financing activities <u>$7,000 </u>

4 0

2 years ago

Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense,

romanna [79]

Answer:

Cortina Company

Indication of the type of adjustment and the status of the accounts before the adjustment:

Type of adjustment (prepaid Status of the accounts before the

expense, accrued revenue, etc.) adjustment:

a. Usage adjustment Supplies Overstated by $1,200

b. Accrued Revenue Service Revenue understated by $700

c. Accrued Expense Interest Expense understated by $300

d. Earned Revenue Rent Revenue understated by $1,100

and Deferred Revenue overstated by

the same amount.

Explanation:

Cortina Company must recognize all revenue and expenses, whether cash has exchanged hands or not, provided they have been earned or incurred within the stated accounting period. This is in accordance with the accrual concept and the matching principle of generally accepted accounting principles.

5 0

3 years ago

Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp

nordsb [41]

Answer:

Gibbs Corporation

1) Fixed cost per unit

= $810

2) ROI per unit

= $4,277

3) Markup percentage = Total cost per unit

= 252-927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup

= $5,960

Explanation:

a) Data and Calculations:

Per Unit Total

Direct materials $410

Direct labor $340

Variable manufacturing overhead $ 75

Fixed manufacturing overhead $1,708,000

Variable selling and administrative expenses $ 56

Fixed selling and administrative expenses $ 560,000

Total variable and fixed costs $881 $2,268,000

ROI = 22% = $11,974,600 ($54,430,000 * 22%)

Invested assets = $54,430,000

Estimated annual production units = 2,800

1) Fixed cost per unit = $810 ($2,268,000/2,800)

2) ROI per unit = $4,277 ($11,974,600/2,800)

3) Markup percentage = Total cost per unit = $4,277/$1,691 * 100 = 252.927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup = $5,960 ($1,691 + $4,277)

8 0

3 years ago

Kelley Company and Mason Company each have sales of $200,000 and costs of $140,000. Kelley Company's costs consist of $40,000 fi

nikklg [1K]

The firm that would suffer the greatest decline in profits if sales volume declines by 15% is Mason Company.

The cost of a company is made up of fixed cost and variable cost. Fixed cost is the cost that does not vary with output of the company. It remains fixed no matter the level of output. An example of fixed cost is rent. Variable cost is the cost that varies with output. If output increases, variable cost increases and if output falls, output decreases.

If sales volume decreases, the output of Mason Company would decline more compared with the output of Kelley company because it has a higher fixed cost. So, we when sales reduces, its cost would would not reduce as many as the cost of Kelley company.

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7 0

2 years ago