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3 years ago

If there is little demand for a product, the price for that product will

2 answers:

5 0

C because when you want something less they make it cheaper hoping you’ll want it more. McDonald’s coffee is cheaper then Starbucks making it a bargain and poor people want it

Svetllana [295]3 years ago

4 0

If there is little demand for a product, the price would be lower because not many people want that product, however if the price is lower they may be able to sell more of said product.

Hope this helps!!!

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48. What is the economic process or activity of producing goods and

fgiga [73]

Answer:

O C. Production

Explanation:

Production is the organized activity of combining different materials (inputs) to make consumable goods and services. It is the process of converting resources to finished products and services for sale. Production occurs to meet the demand for the goods and services in the market.

Entrepreneurship involves the generation of an idea and transforming it into a profitable business. Factors of production are the inputs necessary for making goods and services. These factors of production (inputs) are the ingredients in the production process.

7 0

3 years ago

Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $215. Data for last year’

Stella [2.4K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Selling price= $215

Units in beginning inventory 0

Units produced 9,800

Units sold 9,300

Units in ending inventory 500

Variable costs per unit:

Direct materials $ 61

Direct labor 33

Variable manufacturing overhead 10

Variable selling and administrative 15

Total variable cost per unit $ 119

Fixed costs:

Fixed manufacturing overhead $ 274,400

Fixed selling and administrative 510,000

Total fixed costs $ 784,400

Absorption costing includes fixed manufacturing overhead in the cost per unit.

A) Unitary fixed manufacturing overhead= 274,400/9800 units= $28

Unitary cost= Direct materials + Direct labor + Variable manufacturing overhead + fixed manufacturing overhead

Unitary cost= 61 + 33 + 10 + 28= $132

B) Income statement:

Sales= 9300*215= $1,999,500

COGS= 132*9300=$1,227,600

Gross profit= $771,900

Total selling and administrative expense= 510,000 + 15*9300= 649,500

Net operating income= $122,400

4 0

3 years ago

Williams Company plans to issue bonds with a face value of $600,000 and a coupon rate of 8 percent. The bonds will mature in 10

gulaghasi [49]

Answer:

Decide the issuance of cost of the bonds:

The issuance cost of bonds is the sum the obliged substance raised through the issue of legally binding proclamation called bonds. The cost of securities relies on the assumed worth, time frame, the coupon rate and the market rate.

Coming up next are three general standards regarding bonds issue cost:

On the off chance that the coupon pace of the security is equivalent to the market loan fee, at that point the security is said to be given at standard.
On the off chance that the coupon pace of the security is more prominent than the market financing cost, at that point the security is said to be given at premium.
On the off chance that the coupon pace of the security is lower than the market loan cost, at that point the security is said to be given at rebate.

In the current case, both the coupon rate and the market premium are 8% and are equivalent. Thus, the issue cost of bonds is equivalent to the standard worth. That is $600,000.

3 0

3 years ago

This is for you so i dont feel bad

Ivahew [28]

Ok thank you very much

7 0

3 years ago

Are now the largest single component of the supply side of gdp, representing over half of gdp.

saveliy_v [14]

Services are now the largest single component of the supply side of gdp, representing over half of gdp.

4 0

3 years ago

Read 2 more answers