Or think about it it’s easy
Answer:
the main danger with taking out a payday loan is that you may quickly get trapped in a cycle of debt ,although altho payday loan is normally for a fairly low sum of money, such as £200, it is easy to get trapped in a cycle of taking a new loan out every month to cover the same or increased shortfall
Answer:
A) the demand for peanuts is inelastic
Explanation:
Since in the question it is given that the price of peanuts is fall fro $3 to $2 per bushel which shows the decreased in price while at the same time the revenue received is also decreased from $16 to $14 that results in demand for peanuts is inelastic
As we know that
Inelastic = When elasticity is less than one
So in the given case since the price and revenue received is decrease therefore the demand is inelastic
Answer:
c) $ 24,200
Explanation:
Computation of Total Period costs
Fixed selling and Administrative expenses $ 8,800
Variable Selling and Administrative costs
$ 7 per unit * 2,200 units sold <u>$ 15,400</u>
Total period costs $ 24,200
The fixed manufacturing overhead is part of manufacturing costs so not considered.
The variable selling and administrative costs are based on units sold and not units produced.
Answer: -$2,565
Explanation:
Operating Income with the Leashes line is $11,000.
If the Leashes line is dropped, the operating income would be:
= Sales of Collars - Variable expenses - Fixed expenses of Collars - Residual fixed expenses pf Leashes
= 210,000 - 135,000 - 56,000 - (38,000 - 27,435)
= $8,435
Change in Total income = Income without Leashes - Income with LEASHES
= 8,435 - 11,000
= -$2,565
