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3 years ago

The distinction between supply and the quantity supplied is best made by saying that___________.

Business

1 answer:

snow_lady [41]3 years ago

7 0

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve.

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number of suppliers

Technological advancement

Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

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Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account

Tju [1.3M]

$1,130.28

Formula is A = P (1 + [r/n])^(nt)

A= 879 (1+ [.018/4])^(4*14)

A= 879 (1.0045)^56

A= $1,130.28

A = future total amount

P = principle (amount initially deposited)

r = the annual interest rate (decimal)

n = times that interest is compounded per year (quarterly is 4 times per year)

t = number of years

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3 years ago

the main objective of _____ is to avoid problems or to identify them as soon as possible.

Nezavi [6.7K]

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3 years ago

Beverly Company has determined a standard variable overhead rate of $3.10 per direct labor hour and expects to incur 0.50 labor

Damm [24]

Answer:

Variable overhead rate variance = $ 875 favorable

Variable overhead efficiency variance = $ 4,185 favorable

Variable overhead cost variance = $5,060 Favorable

Explanation:

Standard hours = 1 hr x 2600 units = 2600 hours

Standard rate = $3.10

Actual hours = 1,250 hours

Actual rate = $2.40

Variable overhead rate variance = ( Standard Rate - Actual Rate ) x Actual Hrs

= ( $ 3.10 - $2.40 ) x 1250 Hrs

= $0.7 x 1250

=$ 875 favorable

Variable overhead efficiency variance = (Standard hours - Actual hours) x Standard Rate

= (2600 - 1250 ) x $ 3.10

= $ 4,185 favorable

Variable overhead spending variance = Variable overhead rate variance + Variable overhead efficiency variance

= $875 + $4,185

= $ 5,060 favorable

Variable overhead cost variance = Standard cost - Actual Cost

= (2600 X 3.10) - (1250 X 2.40) = 8,060 - 3000

= $5,060 Favorable

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3 years ago

Q2. Management is equally important to run a political organisation as it is to run an

Alex787 [66]

Answer:

Q2. B

Because a management is basically Base of separation of powers where all organs get work to do

Q3. A

Q4. B

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3 years ago

According to the PMQ Pizza Magazine, an estimate of pizza sales in the United States for the top 100 pizza companies was $44.3 b

shusha [124]

Answer:

PMQ Pizza Magazine

Estimate of Pizza Sales in the United States for top 100 pizza companies

a. Computation of the sales per franchise unit:

Name of company Units Sales Sales per Franchise unit

Domino's 14,490 12,252 $0.845

Pizza Hut 16,336 12,034 0.737

Little Caesars Pizza 5365 4,000 0.746

Papa John's International 5071 3,695 0.729

California Pizza Kitchen 260 840 3.231

b. Frequency distribution based on total sales:

Frequency Sales ($ millions)

O up to 1750 840

1750 up to 3500 0

3500 up to 5250 7,695

5250 up to 7000 0

7000 up to 8750 0

8750 up to 10500 0

10500 up to 12250 12,034

12250 up to 14000 12,252

Total sales 32,821

c. Frequency distribution of companies based on per unit sales:

Frequency Per unit sales ($ millions)

0.0 up to 0.5 0

0.5 up to 1 4

1 up to 1.5 0

1.5 up to 2 0

2 up to 2.5 0

2.5 up to 3 0

3 up to 3.5 1

3.5 up to 4 0

Total 5

Explanation:

a) Data and Calculations:

Total estimated sales in 2018 = $44.3 billion

Top 5 Companies Total gross sales in $ millions.

Name of company Units Sales Sales per Franchise unit

Domino's 14,490 12,252 $0.845 (12,252/14,590)

Pizza Hut 16,336 12,034 0.737 (12,034/16,336)

Little Caesars Pizza 5,365 4,000 0.746 (4,000/5,365)

Papa John's International 5,071 3,695 0.729 (3,695/5,071)

California Pizza Kitchen 260 840 3.231 (840/260)

b. Frequency distribution based on total sales:

Frequency Sales ($ millions)

O up to 1750 840

1750 up to 3500 0

3500 up to 5250 7,695

5250 up to 7000 0

7000 up to 8750 0

8750 up to 10500 0

10500 up to 12250 12,034

12250 up to 14000 12,252

Total sales 32,821

c. Frequency distribution of companies based on per unit sales:

Frequency Per unit sales ($ millions)

0.0 up to 0.5 0

0.5 up to 1 4

1 up to 1.5 0

1.5 up to 2 0

2 up to 2.5 0

2.5 up to 3 0

3 up to 3.5 1

3.5 up to 4 0

Total 5

7 0

3 years ago