14.Outline four features that constitutes a market <br>

stealth61 [152]

A is the correct answer

The formation of a labor union

6 0

4 years ago

Oriole Co. purchased goods with a list price of $181,400, subject to trade discounts of 20% and 10%, with no cash discounts allo

ValentinkaMS [17]

Answer:

$130,608

Explanation:

To calculate the cost of goods sold per the above information, we need to calculate first the portion of the trade discount on the goods purchased.

Trade discount = Goods purchased × 20% trade discount

= $181,400 × 20%

= $36,280

The next step is to calculate Sales and Gross profit

Sales = [$181,400 - $36,280] = $145,120

Gross profit = $145,120 × 10% = $14,512

Therefore,

Cost of goods sold = Sales - Gross profit

Cost of goods sold =$145,120 - $14,512

Cost of goods sold = $130,608

Hence, Oriole Co. would record $130,608 as cost of goods sold.

7 0

3 years ago

Gordonâ€™s Smoothie Stand makes three types of smoothies: blueberry lemon, orange swirl, and triple berry. Before all flavors ar

Nitella [24]

Answer:

Let Blueberry lemon smoothies A

Let Orange swirl smoothies = B C

Let Triple berry smoothies = C

Gordon’s Smoothie Stand

Allocation of joint costs

A B C Total

Number of cups produced A 21.75 29.00 36.25

Weight B 2.00 1.00 2.00

Weighted Number of cups produced C=A*B 43.50 29.00 72.50 145.00

Cost per batch D 43.00

Cost/Weighted Number of cups produced E=D/C 0.30

Cost allocated to each product F=C*E 12.90 8.60 21.50 43.00

5 0

3 years ago

You could instead have bought a U.S. government strip that simply promised to pay $1,000 at the end of 5 years. If the 5-year in

ExtremeBDS [4]

Answer:

The amount which investors have been prepared to pay $1123.153

Explanation:

It is given that government strip promised to pay $1000

So principal amount P = $1000

Time period id given n = 5 years

Rate of interest r = 2.35 %

We have to find the amount after 5 years

Future value is given as

$A=P(1+\frac{r}{100})^n$ , here P is principal amount, r is rate of interest and n is time period

So $A=1000\times (1+\frac{2.35}{100})^5$

$A=1000\times 1.0235^5$

$A=1000\times1.123=1123.153$

So the amount which investors have been prepared to pay $1123.153

8 0

3 years ago

Suppose the number of firms you compete with has recently increased. You estimated that as a result of the increased competition

marysya [2.9K]

Answer and Explanation:

An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.

3-2/2 X 100 = 50%

The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666

The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67

3 0

3 years ago

14.Outline four features that constitutes a market ​

14.Outline four features that constitutes a market