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2 years ago

Which of the following is consistent with the law of demand?

Business

1 answer:

ddd [48]2 years ago

6 0

Answer:

C. A doublingdoubling of the price of salt led to a 5 percent dropdrop in the quantity of salt purchased

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price , the higher the quantity demanded.

An increase in the price of salt leading to a decline in quantity demanded is consistent with the law of demand.

I hope my answer helps you.

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Bruce Corporation makes four products in a single facility. These products have the following unit product costs:

VladimirAG [237]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, computation of the given data are as follows:

Variable cost = Direct material + Direct labor + Variable manufacturing overhead + Variable selling cost per unit

Variable cost of product A = $17.30 + $19.30 + $6.10 + $3.05 = $45.75

Variable cost of product B = $21.20 + $22.70 + $7.30 + $3.75 = $54.95

Variable cost of product C = $14.20 + $17.10 + $9.80 + $4.50 = $45.60

Variable cost of product D = $16.90 + $11.10 + $6.80 + $5.20 = $40

Contribution per unit (CPU) = selling price per unit – variable cost

Product A CPU = $87.20 - $45.75 = $41.45

Product B CPU = $79.60 - $54.95 = $24.65

Product C CPU = $76.40 - $45.60 = $30.8

Product D CPU = $71.10 - $40 = $31.10

Contribution per grinding minutes (CPGM) = CPU ÷ contribution per grinding minutes

CPGM of Product A = $41.45 ÷ 2.30 = $18.02

CPGM of Product B = $24.65 ÷ 1.35 = $18.26

CPGM of Product C = $30.8 ÷ 0.90 = $34.22

CPGM of Product D = $31.10 ÷ 1.20 = $25.92

According to the analysis, Product C makes the most profitable use of grinding machine. Because it’s give the highest contribution per grinding minutes.

7 0

2 years ago

How to solve this problem please help me

Svetach [21]

Answer:

Date Particulars Debit Credit

Inventory 40,000

Accounts Payable - Gita 30,000

Bank 10,000

Accounts Receivable - Jeewan 7,000

Sales 7,000

Cost of Goods sold 10,000

Inventory 10,000

Accounts Payable - Gita 15,000

Discount Received 1,000

Cash 14,000

Cash 6,500

Discount Received 500

Accounts Receivable - Jeewan 7,000

Explanation:

It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment. The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.

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3 years ago

From the above schedule of activity costs, determine the internal failure costs.

irina1246 [14]

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2 years ago

It is unethical to ask employees to work longer hours to get a project completed on time.

dimaraw [331]

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2 years ago

Which of the following saving or investment options pays interest?

bezimeni [28]

Answer:

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2 years ago

Which of the following is consistent with the law of​ demand?

Which of the following is consistent with the law of demand?