Debbi Fields' success as an entrepreneur can be attributed to her prior business training and

What did early south American civilization do to promote farming

Elis [28]

They invented the plow

6 0

3 years ago

Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts

Reptile [31]

Answer:

Equilibrium quantity increases; Equilibrium price is indeterminate.

Explanation:

If a new article reports that there are many benefits of exercise, this will increase the demand for exercise bikes and shifts the demand curve rightwards.

At the same time, there is a fall in the price of parts of exercise bikes which reduces the cost of production of exercise bikes. Now, the producer will be able to produce more exercise bikes, so the supply of exercise bikes increases and shifts the supply curve rightwards.

Therefore, there is an increase in the equilibrium quantity of exercise bikes and the impact on equilibrium price is indeterminate because that will be dependent upon the magnitude of the shift of demand and supply curve.

3 0

3 years ago

Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails

Darina [25.2K]

Question Completion:

Find the gross profits for Diamonds and Cards

Find the total gross profit

Answer:

Five Card Draw

Diamonds Clubs Total

Gross profit $1,632,000 $1,188,000 $2,820,000

Explanation:

a) Data and Calculations:

Diamonds Clubs Total

Units manufactured and sold 24,000 27,000 51,000

Retail price $180 $190

Sales revenue $4,320,000 $5,130,000 $9,450,000

Direct materials cost per unit $25 $30

Labor rate = $25 per hour

Direct labor hours per unit 3 4

Total direct labor hours 72,000 108,000 180,000

Estimated overhead = $720,000

Predetermined overhead rate = $4 ($720,000/180,000) per DLH

Overhead allocation $288,000 $432,000 $720,000

Total direct materials costs $600,000 $810,000 $1,410,000

Total direct labor costs $1,800,000 $2,700,000 $4,500,000

Total costs of production $2,688,000 $3,942,000 $6,630,000

Income Statement:

Diamonds Clubs Total

Sales revenue $4,320,000 $5,130,000 $9,450,000

Total costs of production $2,688,000 $3,942,000 $6,630,000

Gross profit $1,632,000 $1,188,000 $2,820,000

3 0

3 years ago

Pitfalls that should be carefully explored before outsourcing include

pentagon [3]

<span>These are some of the pitfall that should be carefully explored before outsourcing. It is difficult to full integrate outsourced processes with the firm's other processes. Deciding to outsource a process before making a good-faith effort to fix the existing one.The firm with a technology advantage may be setting up the other firm to be a future competitor</span>

6 0

4 years ago

Which of the following utilities is not directly related to marketing

Natalka [10]

Answer:

form utility

Explanation:

Form utility refers to how well the products or services that are provided by the company fit in to customers' current need.

Since companies have to cater to different variety of customers with their own needs and personalities, it is impossible for companies to fulfill the form utility of all customers.

This utility fall to the hands of the customers. Customers need to evaluate the features that offered by the products and choose wisely based on their personal needs. This is why this utility is not directly related to marketing that conducted by the company. It's completely based on personal circumstances.

5 0

3 years ago