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jek_recluse [69]
3 years ago
14

If prices are reduced 25% and sales increase 20%, what is the net effect on gross receipts?

Business
1 answer:
FrozenT [24]3 years ago
7 0
Ok let me state that if it is reduced by 25% is the same a multiplied by 0.75. Increased by 20% is the same as multiplied by 1.20. So what you need to do is multiply the two multipliers together to get the net effect. Now let me give you an example:  <span>If I sell 100 things a day and sales go up 20% I sell 120 things a day. That is the same as multiplying sales by 1.20. So the formula you can use is
Gross Receipts = Sales Price * Number of units sold.
If I change Sales Price and Number of units sold each by simple multipliers, the effect on Gross Receipts will be the product of the multipliers. I hope this helps</span>
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Imagine you are in the process of buying a new car. Give at least two examples of both qualitative and quantitative data that yo
Step2247 [10]

Answer with Explanation:

Qualitative attributes would be the Quality of steel used, interior and exterior design of the car, additional features that it offers, etc.

These attributes are qualitative characteristics of cars because they give us feeling of superiority over other similar items. Hence the strength of steel used clearly reflects the strength of car, interior design gives comfort, exterior design increases sense of superiority, additional features that the car offers will give upperhand over other cars.

All these features of car are qualitative because these can not be measured in numbers. On the other hand, Quantitative attributes includes price of spare parts, car and mileage per litre.

Quantitative attributes are reflected in numbers and thus are more desicive in nature.

3 0
3 years ago
For inventory systems with constant demand and a fixed lead time,
7nadin3 [17]

Answer:

a.the reorder point = lead-time demand

Explanation:

The reorder point is when there needs to be a replenishment of depleted stock of inventory.

Lead time is the time between when an order is placed and when delivery of goods and services is made.

So when there is constant demand and fixed lead time, there is no need to keep excess inventory as demand has been anticipated and inventory for the demand is available.

Also the lead time demand from order to delivery is also fixed because demand has been provided for already.

Thus reorder point= lead time demand

4 0
3 years ago
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,500. Budgeted cash receip
mel-nik [20]

Answer:

$15,500

Explanation:

Whenever there is a movement in cash over a given period, it is usually as a result of receipts and disbursement over the period and can be denoted as;

Opening balance + Receipts - Disbursements = Closing balance.

However, if the company intends to maintain closing balance, the amount to be borrowed would form part of the receipts.

$18,500 + receipts - $189,000 = $30,500

Receipts = $30,500 + $189,000 - $18,500

Receipts = $201,000

Given budgeted cash receipts, totalled $185,500, then amount to borrow

= $201,000 - $185,500

= $15,500

7 0
3 years ago
It is August 14th and John has just purchased 100 shares of Cash Cow Inc. for​ $1,200 with a settlement date of August 16th. Cas
sattari [20]

Answer:

A. John paid $0.00 for the dividend because he was not the shareholder of record on August 15th. Therefore, the dividend payment went to the previous owner of the stock.

Explanation:

Settlement date is the date on which ownership of share transfer to buyer of stock, it is normally two days after trade date.

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

4 0
3 years ago
A trucking company must deliver a product to a location 150 miles away. The company must pay the driver a wage of $14 per hour.
topjm [15]

Answer:

Speed of the truck should be 64.03 miles per hour to minimize the cost.

Explanation:

Data provided in the question:

Distance = 150 miles

Wage = $14 per hour

Cost of fuel = ( v² ÷ 250 )

Now,

Total time taken = Distance ÷ speed

= 150 ÷ v

Therefore,

Total cost, TC = Wage + Cost of fuel

= $14 × (150 ÷ v) +  ( v² ÷ 250 )

= \frac{2100}{v}+\frac{v^2}{250}

for point of minima differentiating with respect to 'v'

TC'(v) =  -\frac{2100}{v^2}+\frac{2v}{250} = 0

or

-\frac{2100}{v^2}+\frac{2v}{250} = 0

or

\frac{v}{125}=\frac{2100}{v^2}

or

v³ = 2100 × 125

or

v = ∛262500

or

v = 64.03 miles per hour

hence,

Speed of the truck should be 64.03 miles per hour to minimize the cost.

6 0
3 years ago
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