Why isn't elasticity just measured by the slope of the demand curve?

2)Torres Inc. recently began production of a new product, the halogen light, which required the investment of $600,000 in assets

madreJ [45]

Answer:

The selling price is $99

Explanation:

The selling price of the product can be computed by adding required profit margin to the unit cost of the product.The required profit margin is the 10% return on invested assets.

Total variable cost $59*10000 =$590,000

Fixed expenses ($180,000+$60,000) =$240,000

desired profit margin(10%*$600,000) =$60,000

Total sales revenue =$990,0000

price per unit=$990,000/10000=$99

The cost-plus approach to product pricing gives $99

3 0

3 years ago

What account is more likely to have penalties for frequent withdrawls?

coldgirl [10]

Answer:

saving account is a very important

3 0

1 year ago

Hex Industries reports the following information for May: Sales $ 990,000 Fixed cost of goods sold 118,000 Variable cost of good

Semmy [17]

The gross profit of Hex Industries for May under absorption costing is $604,000.

<h3>What is absorption costing?</h3>

Under absorption costing, the total or full costs of manufacturing or (variable and fixed) cost of goods sold are included when determining the gross profit.

<h3>Data and Calculations:</h3>

Sales $ 990,000

Variable cost of goods sold 268,000

Fixed cost of goods sold 118,000

Total cost of goods sold = $386,000

Gross profit = $604,000 ($990,000 - $386,000)

Fixed selling and administrative costs 118,000

Variable selling and administrative costs 143,000

Total period costs = $261,000 ($118,000 + $143,000)

Net income = $343,000 ($604,000 - $261,000)

Thus, the gross profit of Hex Industries for May under the absorption costing method is $604,000.

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4 0

1 year ago

A company declared and paid a cash dividend. The dividend would appear on the company's statement of cash flows as: Select one:

Kisachek [45]

Answer:

d. a deduction under financing activities.

Explanation:

As if the company declared and paid the cash dividend so the same is to be considered in the financing activities of the cash flow statement.

This amount should be shown in the negative amount as it decreases the cash that means it is an outflow of cash

Hence, the correct option is d. and the same is to be considered

3 0

2 years ago

You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accoun

LuckyWell [14K]

Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.

<h3 /><h3>What is Accounting?</h3>

Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.

T Accounts should be made as follows.

Assets

DR $1500 Computers

DR $650 Furniture

DR $334 Van Payment

Expenses

DR $420 Office Supplies

DR $250 Electric Company

DR $100 Water

DR $250 Office Supplies

Petty Expenses

DR $150 Steak House

DR $100 Fuel Stop

The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.

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6 0

7 months ago

Why​ isn't elasticity just measured by the slope of the demand​ curve?

Why isn't elasticity just measured by the slope of the demand curve?