If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.
In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.
A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.
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Answer:
Total cost= $9395
Explanation:
Giving the following information:
The company has two departments: Assembly and Sanding.
The Assembly Department:
Departmental overhead rate of $35 per machine hour.
The Sanding Department:
Departmental overhead rate of $20 per direct labor hour.
Job 603:
Direct labor hours used 85
Machine hours used 107
The cost of direct labor is $30 per hour
Direct materials used= $1,400.
Total cost= direct materials + direct labor + manufacturing overhead
Total cost= 1400 + $30*85 + [(107*$35)+(85*$20)]
Total cost= 1400 + 2550 + 5445
Total cost= $9395
Answer:
Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio
1. $570 $420
Unit Contribution Margin= Unit Sales Price Less Unit Variable Price =
$ 570- $ 450 = $150 (a)
Contribution Margin Ratio = Contribution Margin/ Sales = 150/570* 100= 26 % (b)
2. $490 $490 -$130= $360 (c) $130 ($ 130/ $490)* 100= 27 % (d)
3. $23000 (e) $22540 (f) $460 2
Unit Contribution Margin $460
Contribution Margin Ratio 2
Contribution Margin Ratio= Unit Contribution Margin/Sales= $460/ Sales =2 %
$460/ Sales =2 %
Sales = $ 460/2%= $ 23000
Sales - Unit Contribution Margin = $ 460
Unit Contribution Margin= Sales- $460 = $ 23000- $ 460= $ 22540
You can recognize a commercial vessel towing at night by its towing light based on the boat safety rules. A commercial boat has one light or more which indicates it is towing or not at the night time. This light has a yellow color and this light is called the towing light which functions as a towing sign for a commercial vessel<span>.</span>
Stakeholders are those groups that have a strong interest in the result of the project or a business.
<h2>What are stakeholders?</h2>
A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.
<h3>Characteristics of stakeholders:</h3>
- It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.
- Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.
Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.
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