Markup represents an amount needed to cover operating expenses. a. True b. False

1 answer:

8 0

Operating expenses are taken from the normal business operation such as administrative or selling expense. It is part of the operating cost. Markup is defined as the amount added to the cost of goods to fix a selling price. So, to answer the question above: True.

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Phyllis invested $10,000, a portion earning a simple interest rate of 8 1 2 % per year and the rest earning a rate of 8% per yea

Vinil7 [7]

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Solve for x
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Jobisdone [24]

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xenn [34]

Answer:

a is premillenialism

b is postmillenialism

c is amillenialism

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3 years ago

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Tems11 [23]

The following are deducted from a typical paystub : City income tax, State income tax, Medicare, Social security and Federal income tax.

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Read 2 more answers

Under which conditions is price elasticity of supply relatively elastic or relatively inelastic?

Ulleksa [173]

Answer:

1. Firms are operating in the short run - relatively inelastic

2. Firms would have a hard time storing their goods - relatively inelastic

3. Firms have a large amount of excess capacity - relatively elastic

4. Firms can easily relocate from one location to another - relatively elastic.

Explanation:

The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater. The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.

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