Is $1970.00 rental income debit or credit

Starting from point e, which point is the outcome of a decrease in the price of a complementary good, holding all else constant?

inn [45]

A decrease in the price of complementary goods will shift the demand curve rightward.

A decrease in the price results in increase in demand for a good. Or a rightward move in the demand curve results an increase in both price and production of a complementary good in an economy.

When the price of a complementary good decreases, the quantity demand for that good increases, but the demand for the good that it is being complemented, decreases.

Complementary Goods refers a negative relationship with each other – which means that when price of the product 'A' increases , demand for product 'B' decreases. when price of product 'A' decreases , demand for product 'B' increases. Because in such a case more people now buy product 'A' because of the lower price. This relationship of complementary goods is known as ’negative cross-elasticity of demand.

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6 0

2 years ago

If a firm's expected sales are $264,000 and its break-even sales are $197,000, the margin of safety in dollars is:

pychu [463]

Assuming the firm's expected sales are $264,000 in which the firm break-even sales are $197,000, the margin of safety in dollars is:$67,000.

<h3>Margin of safety in dollars</h3>

Using this formula

Margin of safety in dollars=Expected sales-Break-even sales

Where:

Expected sales=$264,000

Break-even sales=$197,000

Let plug in the formula

Margin of safety in dollars=$264,000-$197,000

Margin of safety in dollars=$67,000

Inconclusion the margin of safety in dollars is: $67,000.

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6 0

2 years ago

Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,200 $ 202,000 Input: Labor 30,005

bekas [8.4K]

Answer:

The total productivity measures for this company for both years are:

LAST YEAR THIS YEAR

Total productivity 1.66 1.42

Explanation:

a) Data and Calculations:

LAST YEAR THIS YEAR

Output: Sales $ 200,200 $ 202,000

Input: Labor 30,005 40,005

Raw materials 34,500 44,500

Energy 5,000 6,100

Capital 48,990 48,990

Other 2,000 3,000

Total input 120,495 142,595

Total productivity = Output/Input

= $ 200,200/120,495 $ 202,000/142,595

= 1.66 1.42

8 0

3 years ago

Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 3.0% in thi

jonny [76]

Answer:

14 Months

Explanation:

Last year’s sales = $163,508,343

As per the given data next year sales is increased by 3.0%.

= 0.03 * $163,508,343 = $4,905,250.29 ~= $4,905,250

Revenue added to the bottom line = 34.1% of increased demand

= 0.341 * $4,905,250 = $1,672,690.25~= $1,672,690

TQM investment = $2,000,000

Payback = (Investment in TQM / Revenue added to the bottom line) * 12

= ($2,000,000 / $1,672,690) * 12 = 14.34 ~= 14 Months

Hope this helps!

8 0

3 years ago

The management of Green Energy Manufacturing is analyzing variable overhead variances for the fiscal period just ended. The flex

vagabundo [1.1K]

The answer is 20,000 (U).

7 0

3 years ago