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3 years ago

According to the law of demand consumer demand for a product will decrease if

Business

2 answers:

sveta [45]3 years ago

7 0

Answer:

Chicken wing jkjk

Explanation:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. Hope this helped!

Mademuasel [1]3 years ago

3 0

Answer:

when prices rise the product demand will decrease.

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Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs

vova2212 [387]

Answer:

Explanation:

Direct Material cost per unit = Cost of Direct materials/ units produced = $3400/17000 mugs = $0.20 per mug

Direct material used per mug = 0.40 pounds

Direct material cost per pound = $0.20 / 0.40 = $0.50 per round

Direct material inventory = 3400 * $0.50 = $1700

b. Compute the finished goods ending inventory in units on December 31, year 1.

Finished Goods inventory (in units) = Finished goods inventory / manufacturing cost per unit

Manufacturing cost per unit = (Direct material + Direct Labour + Indirect manufacturing cost)/Units Produced

= ($3400+$25280+$1140+$4180)/17000 = $2 per unit

Finished Goods inventory (in unit) :

Year 1 = $6,000/$2 = 3000 units

c. Compute the selling price per unit.

Selling price per unit = Revenues / units sold

Units sold = Units produced - units in the ending finished goods inventory = 17000-3000 = 14000

Selling price per unit = $52,500/14000 = $3.75

d.Compute the operating profit (loss) for year 1

Operating income for the year :

Revenues $52,500

Cost of goods sold (14000*$2) (28000 )

-----------------------------------------------------------------

Gross Margin $24,500

Less marketing and administrative cost:

Variable cost ($2,350)

Fixed cost ($11,800)

-----------------------------------------

($14,150)

Operating Profit $10,350

7 0

3 years ago

I will give you fifty five point if you make Brainliest me but if you don't and it's just a scam I'm going to report you and the

gulaghasi [49]

Answer:

okay lol

Explanation:

answer my newest question and i'll give it to you <3

5 0

3 years ago

ABC had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnin

Alex73 [517]

Answer:

The total amount of dividends paid over these three years: $8000

Explanation:

Net income (loss) in three years

$7,100, ($1,600), and $3,600

=> the total net income is the first three years of operation is:

$7,100 - ($1,600) + $3,600

= $9,100

This money is not kept in the Retained Earnings because it is used for dividend payment. But Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years:

= Total net incomes - Retained Earnings

= $9,100 - $1,100,

= $8000

Hope it will find you well.

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3 years ago

Read 2 more answers

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because deprecia

luda_lava [24]

Answer:

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a non cash reduction to net income. Depreciation is a non cash reduction because it notes down the the reduction in the value of an asset due to use as an expense and because the company isn't making any cash transactions due to depreciation of assets therefore it is a non cash expense and this is why it is added back to net income when preparing cash flow from operating activities.

Explanation:

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3 years ago

Jelf and Ricardo share a hotel room for Jason's wedding Jeff and Ricardo predictably drink too much alcohol, felf passes out. Ai

alekssr [168]

Answer: 'C' in my personal opinion

Explanation:

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3 years ago