Answer:
The correct answer is number "2": False.
Explanation:
According to the case:
- <em>Units on hand: </em><em>20</em>
- <em>Units planned for sale: </em><em>100</em>
- <em>Units desired as pending inventory: </em><em>10</em>
- <em>Units planned for purchase: </em><em>x</em>
Thus,
<em>Total inventory</em><em> = Units planned for sale + Units desired as pending inventory</em>
<em>Total inventory </em><em>= 100 + 10</em>
<em>Total inventory </em><em>= 110 units</em>
So,
<em>Units planned for purchase </em><em>= Total inventory - Units on hand</em>
<em>Units planned for purchase </em><em>= 110 - 20</em>
<em>Units planned for purchase </em><em>= </em><em>90 units</em>
<em />
The company should plan to purchase 90 units.
Answer:
A. The demand curve for tea shifts to the right
Explanation:
Demand is defined as the measure of sensitivity of quantity demanded is a group with changes in price.
However when there is an increase or decrease in demand as a result of other factors except for price it is called shift in demand.
In the given scenario if the price of coffee increases, it will result in less amount of coffee being demanded. People will look for a substitute (tea).
Demand for tea will increase as a result of shift of the demand curve for real to the right.
This is illustrated in the attached diagram.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: this former member of the Soviet Union had a high rate of inflation
Explanation:
Real GDP refers to the measuring of the gross domestic product of a country after it has been adjusted for inflation. On the other hand, the nominal GDP hasn't been adjusted for inflation and makes use of current prices.
Since the real GDP is $800,000 while the other GDP given is $1.56 billion, then it can be infered that this former member of the Soviet Union had a high rate of inflation. This is because when there's inflation, the average of all the prices of the goods and services will rise which is depicted by the difference in the GDP given.
Answer:
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
Explanation:
Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.
The formula is:
SandA COST= 47900+52*Q
For April they planned to sell 6000 units.
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
If the formula is accurate the real cost of selling and administration is:
47900+52*5960=$357,820