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4 years ago

Which best explains one of the benefits provided by economies of scale?

2 answers:

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Economies of scale are the economic efficiency of carrying out processes on a larger scale. These are the costs advantage you get when you expand your business. As a firm expands, their costs fall because of marketing economies, purchasing economies, administrative economies, and etc.

Oksanka [162]4 years ago

5 0

Answer: a larger customer base enables retailers to pay lower prices for wholesale goods

Explanation: Good luck :)

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Consider your current uses of tap water. Think about some of the ways that you use water that are beyond what is necessary to su

ahrayia [7]

Answer:

a). A. decrease the length of your showers

B. turn water off while brushing your teeth

b). does

Explanation:

When the cost of the tap water increases and it gets triple, following some of the practices can help reduce the cost of the tape water used and it will also reduce the consumption of water. Some of the changes that I can include are:

-- I can lower the length of the shower so that less amount of water is used and more water is saved.

-- It is a good habit to turn off the water while we are brushing and only turn on the tape or open the tape whenever it is necessary. In this way we can prevent wasting water and reduce our water consumption.

Thus we can say that the consumption of the tape water does obey the law of demand.

5 0

3 years ago

Elliott Company produces large quantities of a standardized product. The following information is available for its production a

olganol [36]

Answer:

Check below for the Answer and Explanation

Explanation:

Elliot Company process cost summary report

CALCULATION FOR UNITS TO ACCOUNT FOR:

Beginning Work in Process units 2,000

Add: Units Started in Process 20,000

Total Units to account for: 22,000

CALCULATION FOR UNITS TO BE ACCOUNTED FOR:

Units completed and transferred out 17,000

Ending Work in Process 5,000

Total Units to be accounted for: 22,000

Equivalent Units:

UNITS Material Cost Conversion

% Completion Units % Completion Units

Units completed

100% 17,000 100% 17,000

Ending Work in Process

100% 5,000 35% 1,750

Total Equivalent units 22,000 18,750

CALCULATION FOR TOTAL COST TO ACCOUNT FOR:

Material Conversion

Beginning work in Process

2,500 6,360

Cost Added during May

168,000 479,640

Total Cost to account for:

170,500 486,000

÷ Equivalent Units

22,000 18,750

Cost per Equivalent unit

7.75 25.92

CALCULATION FOR TOTAL COST ACCOUNTED FOR:

Units completed and Transferred out (17000 units)

Equivalent unit Cost per EU Total Cost

Material 17,000 7.75 131750

Conversion Cost 17,000 25.92 440640

Total Cost of Units completed and transferred out: 572,390

Ending Work in process (5000 units)

Equivalent unit Cost per EU Total Cost

Material 5,000 7.75 38750

Conversison Cost 1,750 25.92 45360

Total cost of Ending Work in process: 84,110

8 0

3 years ago

Carns Company is considering eliminating its small tools division, which reported an operating loss for the recent year of $85,0

Blababa [14]

I really don’t know this question but aight I’m just in 6 th grade

5 0

4 years ago

Inelastic demand is a situation in which:

just olya [345]

Answer:

The answer is (A) an increase or a decrease in price does not significantly affect the demand for a product.

Explanation:

Inelastic demand refers to a condition where demand does not change even when price changes. An example of this is the demand for gasoline – even when price increases, the amount consumed by customers do not drop as drastically. There are two types of inelastic demand: relatively inelastic demand and perfectly inelastic demand. When the first occurs, high price increase is followed by a relatively low drop in demand. When the second occurs instead, high price increase is followed by no drop in demand.

6 0

3 years ago

The following transactions took place for Tanaka company in June: Purchased equipment on account for $9,800. Billed customers $5

defon

Answer: See explanation

Explanation:

The Accounts Payable balance would be calculated as:

Beginning balance = $9800

Less: Amount Paid = $2400

Account payable = $7400

The Accounts Receivable balances at June 30, 2016 would be:

Beginning balance = $5600

Less: Amount received = $3900

Account receivable balance = $1700

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3 years ago