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3 years ago

Which phrase describes the substitution effect?

2 answers:

8 0

I think it is
<span>D.)substituting existing technology with a new technology to produce more goods
I hope this helps </span>

mezya [45]3 years ago

4 0

A. Buying cheaper alternatives when a product becomes expensive.

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Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning

Marina86 [1]

Answer:

$24,160 favorable

Explanation:

The computation of the total contribution margin sales volume variance is given below:

The Budgeted contribution margin per pound of MT is

= $40 - $20

= $20 per pound

Now the budgeted contribution margin per pound of ET is

= $60 - $30

= $24 per pound

MT's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (3960 - 4000) × $20

= $800 Unfavorable

ET's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (5,040 - 4000) × $24

= $24,960 favorable

Now the total contribution margin sales volume is

= $800 unfavorable + $24,960 favorable

= $24,160 favorable

8 0

3 years ago

The following information pertains to Bridgeport Co.:

kow [346]

Answer:

A. Total amount of stockholders' equity in the balance sheet.

= Preferred stock + Common Stock + Additional Paid-In Capital + Unappropriated retained earnings + Retained earnings appropriated for contingencies - Treasury stock

= (100 * 10,000) + (10 * 140,000) + 500,000 + 280,000 + 300,000 - 250,000

= $‭3,230,000‬

B. Earnings per share of common stock.

= (Net Income - Preferred Dividends ) / (Common stock - treasury stock)

= (580,000 - (10,000 * 6% * 100) ) / (140,000 - 10,000)

= $4

C. Book value per share of common stock.

= (Stockholder's equity - Preferred stock) / ( Common stock - Treasury)

= (3,230,000 - (100 * 10,000) ) / (140,000 - 10,000)

= $17.15

D. Payout ratio of common stock

= Dividend per share/ Earnings per share

= 1.8/4

= 45%

E. Return on common stock equity

= (Net Income - Preferred Dividends ) / (Stockholder's equity - Preferred stock)

= (580,000 - (10,000 * 6% * 100) / (3,230,000 - (100 * 10,000) )

= 0.233

= 23.3%

5 0

4 years ago

Do you think having power and being in control makes boy <br>and men more masculine<br>

shusha [124]

Yes I do believe that but not in all men tho some are different

5 0

3 years ago

Belarus has a comparative advantage in the production of linen, but Russia has an absolute advantage in the production of linen.

kodGreya [7K]

Answer: Option (a) is correct.

Explanation:

A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.

A country has a absolute advantage in producing a commodity whose production require less number of resources than the other country.

A country exports the commodity in which it has a comparative advantage and imports commodity in which it has a comparative disadvantage.

Therefore, if both the countries decide to trade then Belarus should export linen to Russia.

5 0

4 years ago

On January 15, Marigold Corp. sells merchandise on account to Bramble Associates for $5700 with terms 2/10, n/30. On January 20,

mr Goodwill [35]

Answer:

Marigold Corp.

The amount received from Bramble is $4,508.

Explanation:

a) Computation of Amount Received:

Jan. 15 Sales = $5,700

Jan. 20 Returns (1,100)

Balance due $4,600

Jan. 24 discount ($92)

Cash collected $4,508

b) Discount allowed = 2% of $4,600 = $92

c) This is in accordance with the trade terms 2/10, n/30, which allows a cash discount of 2% if payment was made within 10 days from the date of purchase, with the last allowed credit within one month. From January 15 to January 24 is 10 days. So, the cash discount of 2% applies on the balance due after the sales returns.

3 0

3 years ago