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3 years ago

The factors that affect the price elasticity of supply include: Instructions: You may select more than one answer.

Business

1 answer:

bearhunter [10]3 years ago

8 0

Answer:

The correct answer is letter "A", "B", and "D": the availability of inputs; the flexibility of the production process; time needed to adjust to changes in price.

Explanation:

Price elasticity of supply reflects the changes in supply after a change in prices. The price elasticity of supply is calculated dividing the percentage in the change of quantity supplied by the percentage in the change of price. If the result is equal or greater than one (1) the supply of that good is elastic. If the result is lower than one (1), then the supply is inelastic.

Three main factors determine the price elasticity of supply which are the amount of inventory or raw material in the industry, the capacity to increase or decrease the production, and the time needed to produce the good to be offered based on the price fluctuations.

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In most high-tech industries, the fixed costs of developing a product are very _____, and the costs of producing one extra unit

topjm [15]

Answer:

Fixed costs are high, variable costs are low

Explanation:

The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.

Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.

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3 years ago

What divides the system into a set of functional units that can be used independently or combined with other modules for increas

Aleksandr [31]

The modular design divides the system into a set of functional units that can be used independently or combined with other modules for increased business flexibility. The system's components may be separated and recombined with the help of this design. The goal is better results (profit) and efficiency.

5 0

3 years ago

The sales manager for Smith Exports is deciding on the firm's distribution strategy in several markets. He wants to know which f

NNADVOKAT [17]

Answer:

The correct answer is letter "C": entry of large discount superstores.

Explanation:

A channel length is composed of the number of middlemen in the distribution channel of a product. The more intermediaries between buyers and sellers the larger the channel length. Under that scenario, if there are more discount superstores in a market such as Walmart or Costco manufacturers can directly offer their goods to them so consumers can find them available in their stores. The channel length would be small, then.

5 0

3 years ago

Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact

allochka39001 [22]

Answer:

The list of items are as follows:

1. Salaries for assembly line inspectors - direct labor or manufacturing overhead

2. Insurance on factory machines - manufacturing overhead

3. Property taxes on the factory building - manufacturing overhead

4. Factory repairs - manufacturing overhead

5. Upholstery used in manufacturing furniture - direct materials

6. Wages paid to assembly line workers - direct labor

7. Factory machinery depreciation - manufacturing overhead

8. Glue, nails, paint, and other small parts used in production - manufacturing overhead

9. Factory supervisors’ salaries - manufacturing overhead

10. Wood used in manufacturing furniture - Direct materials

8 0

3 years ago

Dish Corporation acquired 100 percent of the common stock of Toll Company by issuing 10,000 shares of $10 par common stock with

ASHA 777 [7]

Answer:

a) $2,550,000

b) $1,550,000

c)$1,000,000

d) Goodwill is $50,000

Explanation:

Part A) Determine the total Assets of the business to be used in the consolidated balance sheet

The consolidated Total Asset for Dish Corporation and Toll Company is as follows:

The Book value of the assets of Dish + Toll's assets fair value + The goodwill

How to calculate the goodwill

First, dish paid the following for acquiring Toll = $10,000 @ $60 = $600,000

Secondly, The net worth of Toll at the time was = $1,300,000- $750,000 (Assets- Liabilities)= $550,000

The Good will = $600,000- $550,000

= $50,000

Calculate Consolidated Asset

The Book value of the assets of Dish + Toll's assets fair value + The goodwill

= $1,200,000 + $1,300,000 + $50,000 = $2,550,000

Part b) Total Liabilities

The book value of Dish Corporation Liabilities + The Fair value of Toll Liabilities

= $800,000 + $750,000 = $1,550,000

Part c) The total or consolidated Equity =

The formula for equity at this point = The Total Assets (Part A) - The Total Liabilities (Part b)

= $2,550,000 - $1,550,000

=$1,000,000

7 0

3 years ago