Answer:
Explanation:
The preparation of the contribution margin income statement for the year ended December 31, 2017 is presented below:
Sales (10,000 units × $181) $1,810,000
Less: Variable cost (10,000 units × $119) ($1,190,000)
Contribution margin $620,000
Less: Fixed cost ($390,600)
Net income $229,400
Answer:
a. buyers tend to be much less sensitive to a change in pricewhen given more time to react.
Explanation:
The options to this question wasn't provided. The full question can be found here: https://www.chegg.com/homework-help/questions-and-answers/32-holding-forces-constant-price-ofgasoline-rises-number-gallons-gasoline-demanded-wouldfa-q532985
Here are the options to the question:
a. buyers tend to be much less sensitive to a change in pricewhen given more time to react.
b. buyers tend to be much more sensitive to a change in pricewhen given more time to react.
c. buyers will have substantially more income over a ten-yearperiod.
d. the quantity supplied of gasoline increases very little inresponse to an increase in the price of
The demand for a good is usually inelastic in the short run considering the time consumers would take to search for an alternative.
When the price of gasoline rises, it is expected that quantity demanded falls but the fall in quantity demanded might take place over a period of time because it would take time for consumers to find suitable alternatives to gasoline.
I hope my answer helps you
Answer:
Direct marketing
Explanation:
In simple words, Direct marketing relates to the means of selling an deal, where companies specifically interact with a pre-selected client and provide a mechanism for veiled reference. It has also been recognized as direct reaction marketing amongst practitioners.
The least likely to be successful is indeed a direct marketing message that is sent to the largest possible public. After all, while simply irritating several other beneficiaries, the business can gain few more consumers.
Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate
Preferred dividend = 6000 shares x 11% x $2 = $1320
Total dividend paid in year 1= $640
Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.
Arrear of dividends = $1320 - $640 = $680
Total dividend in year 2 = $2190
Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends
=> 2190 - 1320 = $870
