Can I get more information?
Answer:
a 10% increase in price will reduce the demand and total expenditures on good X by 5%.
Explanation:
<em>Price elasticity of demand(PED) is the degree of responsiveness of demand to a change in price.</em>
<em>Where a percentage change in price produces a more than a proportional change in quantity, we say the product is</em><em> price elastic.</em><em> On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is </em><em>price inelastic</em>
PED is computed as follows:
PED = % change in quantity /% change in Price
So we can apply this formula to this question
0.5 = m/10
m = 0.5 × 10
m = 5.
m= 5%
From the computation above , it is deduced that a 10% increase in price will reduce the demand and total expenditures on good X by 5%.
Hard assets such as investment real estate can provide an investor with both capital gains and, I believe you meant investment income. Numerous assets classes, depending on the investor's state (country or geographic area) and that area's tax laws will have significant, and often changing consequences for each type of investment.
However, keep in mind that capital assets are defined by the U.S. IRS as property such as home or car, and ohter investment property such as stocks or bonds.
Several definitions to keep in mind include capital gain or loss, the difference between price paid and price sold (occasionally including holding and selling costs, etc.). Your basis in the investment property is what you paid for the asset.
Hope this helps...never heard of interested income, but I don't know everything either. )
Answer:
$0.51
Explanation:
The computation of the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
where,
Estimated overhead costs for the year is $25,000
And, the estimated direct labor cost would be
For Totes
= $52 × 500 units
= $26,000
For Satchels
= $65 × 360 units
= $23,400
So, the total direct labor cost would be
= $26,000 + $23,400
= $49,400
Now put these values to the above formula
So, the value would equal to
= $25,000 ÷ 49,400
= $0.51
Answer:
Waterway Industries's total manufacturing costs incurred in 2020 amounted to $2,140,000
Explanation:
The computation of the total manufacturing cost is shown below:
= Raw material + Direct labor cost + Manufactured overhead cost
= $830,000 + $670,000 + $640,000
= $2,140,000
Thus, the total manufacturing cost is comprised of direct raw material, direct labor cost, and the manufacturing overhead cost. That's why we add these three costs.
