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kondaur [170]
3 years ago
9

Before setting your prices, it's wise to

Business
2 answers:
Marta_Voda [28]3 years ago
7 0

Research Industry Standards is the correct answer.

Dima020 [189]3 years ago
4 0

"research industry standards" is the answer i believe

You might be interested in
The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
svp [43]

Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>
  • It means that the price is better than others in the market for a certain good or services.
  • It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

Find out more on markets that allow competitive pricing at brainly.com/question/24877850.

7 0
2 years ago
The budget for the month of May was for 11,200 units at a direct materials cost of $19 per unit. Direct labor was budgeted at 28
rjkz [21]

Answer:

Direct labor price(rate) variance = $1,675  (unfavorable)

Direct labor efficiency variance = 0

Explanation:

As per the data given in the question,

Number of units = 11,200

cost = $19 per unit

Labor budgeted = at 28 minutes per unit

Total budget = $100,800

Actual output = 8,900 units

Direct material expense = $137,500

Direct labor expense = $81,775

As per the following formula,

Direct labor price variance = (Actual price - Standard price) × Actual hour

= ($81,775 ÷ 8900 × 2 - $100,800 ÷ 11,200 × 2) × 8,900 ÷ 2

= $1,675  (unfavorable)

Direct labor efficiency variance = (Actual hour - Standard hour) × Standard price

= (8,900 × 28 ÷ 60 - 8,900 × 28 ÷ 60 ) × $100,800 ÷ 11,200 × 2

= 0

5 0
3 years ago
Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 27,000 units.
Irina-Kira [14]

Answer:

------- JULY AUGUST. SEPTEMBER

Sales 210,000. 300,000 270,000

Ending. 45,000. 40,500. 27,000

total

required. 255,000. 340,500. 297,000

Beginning (31,500) (45,000) (40,500)

purchase 223,500. 295,500. 256,500

Explanation:

the ending would be next month sales times 15%

July ending

August sales x 15%

300,000 x 15% = 45,000

August Ending

September sales x 15%

270,000 x 15% = 40,500

September Ending

October sales x 15%

180,000 x 15% = 27,000

we will add the sales and the desired ending to get the total required for each month

last step we subtract the beginning inventory for each month, as those units are already there and don't need to purchased.

the ending of one month will be the beginning of the next month.

July ending is August beginning

August ending is September beginning

6 0
3 years ago
Tonya operates a nail salon as a sole proprietorship. Tonya also owns and rents an apartment building. This year Tonya had the f
Gala2k [10]

Answer:

Tonya's AGI $70,335

Explanation:

Tonya's AGI:

Revenue from salon $215,900

Salaries paid to beauticians ($113,125)

Nail salon supplies ($58,500)

Salon's operating income $44,275

                   +

Interest income $28,138

                   +

Rental revenue from apartment building $78,050

Depreciation on apartment building ($32,250)

Real estate taxes paid on apartment building ($27,750)

Rental income $18,050

                    -

Alimony paid to her husband $15,000

                    -

Self-employment tax on salon income $3,128

                    -

Interest expense on education loan $2,000

                   =

Tonya's AGI $70,335

Real estate taxes paid on Tonya's house and charitable contributions are itemized deductions (below the line deductions).

3 0
3 years ago
The determinants of aggregate demand Multiple Choice explain shifts in the aggregate demand curve. explain why the aggregate dem
tamaranim1 [39]

Answer:

shifts in the demand curve

Explanation:

Aggregate demand is total value of goods and services demanded at a particular time in an economy. It indicate goods and services that will be bought at different prices.

The determinants of aggregate demand are factors that could cause shift in aggregate demand curve either to the left or right. A shift in aggregate demand curve to the right means an increase in quantity demand while a shift to the left means a decrease in quantity demand at every price level.

The determinants are ;

Price of the goods - An increase in price of the goods itself will bring about shift in the demand curve to the left and vice versa

Consumer expectations- When consumers expect price of goods to be high, demand curve would shift to the right and vice versa.

Price of related goods- An increase in price of related or complementary good would cause the demand to either shift to the left or right.

Income of the buyers - Increase in come of buyers would shift the demand curve to the right and vice versa.

Taste or preference of consumers- When consumer's preference shift in favour of a product, demand for such product would increase thus shifting the demand curve to the right.

3 0
3 years ago
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