According to adam smith what happens when the demand for a product decreases

A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be

CaHeK987 [17]

Percent markup based on the selling price: 28.1%

Explanation:

The cost of the TV for the seller was

$c=\$290$

Of this, the markup of this price was 39%. Therefore, the value of the markup (in dollars) with respect to the cost for the seller was

$m=0.39\cdot 290 =\$113.1$

So, this was the markup relative to the cost for the seller.

The price paid by the purchaser instead is

$p=\$403.1$

Therefore, the percent markup based on the selling price (paid by the purchaser) is:

$\frac{m}{p}\cdot 100 = \frac{113.1}{403.1}\cdot 100 =0.281\cdot 100 = 28.1\%$

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5 0

3 years ago

Mobile Homes reported the following in its financial statements for the year ended December 31, : 2018 2017 Income Statement N

kirill [66]

Answer:

Mobile Homes

Computation of:

1. Collections from customers

Beginning Accounts Receivable $615

Net Sales 25,118

Less ending accounts receivable 798

Collections from customers $24,935

2. Payments for merchandise inventory

Beginning Accounts Payable 1,364

Purchases 18,725

Ending Accounts payable 1,547

Payments $18,542

3. Payments of other operating expenses:

Accrued liabilities:

beginning 851

Operating expenses 4,632

Less ending 938

Cash payments 4,545

4. Acquisition of property plant and equipment:

Beginning cost = $4,622

Ending cost = $3,671

Acquisition = $951

5. Amount of borrowing with:

a) Long-term liabilities:

Ending $477

Beginning $461

Borrowing $16

b) A-one paying no long term liabilities:

Accrued Liabilities:

Ending $938

Beginning $851

Borrowing $87

6. Payment of cash dividends:

Retained Earnings $3,784

Net Income 1,611

Total available $5,395

Retained earnings (5,021)

Dividends paid $374

Explanation:

a) Data and Calculations:

Mobile Homes Financial Statements for the years ended December 31:

2018 2017

Income Statement

Net Sales Revenue $ 25,118 $ 21,893

Cost of Goods Sold 18,074 15,501

Depreciation Expense 271 234

Other Operating Expenses 4,632 4,277

Income Tax Expense 530 482

Net Income $ 1,611 1,399

2018 2017

Balance Sheet

Cash 21 19

Accounts Receivable 798 615

Merchandise Inventory 3,483 2,832

Property, Plant, and

Equipment, net 4,351 3,437

Accounts Payable 1,547 1,364

Accrued Liabilities 938 851

Long-term Liabilities 477 461

Common Stock, no par 670 443

Retained Earnings 5,021 3,784

Property, plant, and equipment:

PPE net 4,351 3,437

Depreciation 271 234

Cost 4,622 3,671

Purchases:

Ending inventory 3,483

Cost of goods sold 18,074

Beginning inventory (2,832)

Purchases 18,725

6 0

3 years ago

"What specific, direct benefits can a business get from acting in an environmentally responsible manner?"

Ksivusya [100]

Explanation:

It is correct to say that we live in a globalized world, where there is a lot of competition in the business market and where the flow of information occurs very quickly. Therefore, there is a greater demand from society for companies to be active promoters of practices that will lead to the development of society and the maintenance of scarce natural resources.

Companies that act in an environmentally responsible manner will obtain the benefits of certifying to their stakeholders that they are active agents of transformation and prevention of the environment, which can be accomplished through environmental certifications, environmental management systems, compliance with environmental legislation, etc. , which ensures that companies have a better positioning in the market, attracts more consumers and investors, in addition to improving production processes with environmental management systems, which promotes continuous improvement in the company, reducing costs and waste.

3 0

4 years ago

Marriott International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totali

eimsori [14]

Answer:

Marriott International

Journal Entries:

a. $300,000 cash

Debit Sale of Assets $8,000,000

Credit Furniture $8,000,000

To transfer the account to sale of assets account.

Debit Accumulated Depreciation $7,700,000

Credit Sale of Assets $7,700,000

To transfer the account to sale of assets account.

Cash $300,000

Sale of Assets $300,000

To record the cash receipts from the sale of assets.

No gain or loss on disposal.

b. $900,000 cash

Debit Sale of Assets $8,000,000

Credit Furniture $8,000,000

To transfer the account to sale of assets account.

Debit Accumulated Depreciation $7,700,000

Credit Sale of Assets $7,700,000

To transfer the account to sale of assets account.

Debit Cash $900,000

Credit Sale of Assets $900,000

To record the cash receipts from the sale of assets.

Sale of Assets $600,000

Gain on Disposal $600,000

To record the gain on the disposal of the furniture.

c. $100,000 cash

Debit Sale of Assets $8,000,000

Credit Furniture $8,000,000

To transfer the account to sale of assets account.

Debit Accumulated Depreciation $7,700,000

Credit Sale of Assets $7,700,000

To transfer the account to sale of assets account.

Debit Cash $100,000

Credit Sale of Assets $100,000

To record the cash receipts from the sale of assets.

Loss on Disposal $200,000

Sale of Assets $200,000

To record the loss on disposal of the furniture.

2. The disposal of an asset creates either a loss on disposal or a gain on disposal, which is normally regarded as a capital loss or a capital gain, as the case may be.

Explanation:

a) Data and Calculations:

Furniture (cost) ............................... $8,000,000

Accumulated depreciation .............. ...7,700,000

Net book value = $300,000

a. $300,000 cash

Sale of Assets $8,000,000

Furniture $8,000,000

Accumulated Depreciation $7,700,000

Sale of Assets $7,700,000

Cash $300,000

Sale of Assets $300,000

b. $900,000 cash

Sale of Assets $8,000,000

Furniture $8,000,000

Accumulated Depreciation $7,700,000

Sale of Assets $7,700,000

Cash $900,000

Sale of Assets $900,000

c. $100,000 cash

Sale of Assets $8,000,000

Furniture $8,000,000

Accumulated Depreciation $7,700,000

Sale of Assets $7,700,000

Cash $100,000

Sale of Assets $100,000

8 0

3 years ago

defined by miles as ""a requirement of the activities of one subunit that is affected by the activities of other subunits"" is a

nevsk [136]

A reliance is described by miles as ""a need of the behaviors of one member that is impacted by the operations of other subunits"".

<h3>What does a protein subunit do?</h3>

Amino acid single chains serve as the building blocks for multimeric PROTEINS. The subunits of multimeric proteins might be similar or dissimilar. A protomer is a subunit shape of a bigger assembly made up of one or maybe more monomeric subunits.

<h3>What number of subunits makes up a protein?</h3>

Each component is necessary for both life and RNase P action. Pop8p is the sole acidic protein with just a pI of 4.5, although Pop5p has a pI of 4.5. Of nine protein subunits, most of proteins are very basic at isoelectric points (pI) more than 9.

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7 0

1 year ago