All categories

3 years ago

Explain why supply and price are positively related

Business

1 answer:

pishuonlain [190]3 years ago

6 0

Answer:

see below

Explanation:

A positive correlation signifies that an increase in one variable results in the other variable moving in the same direction. Because supply and price are positively correlated, a price increase will increases supply. The opposite is also true.

Suppliers are business people whose main objective is to make profits. Higher prices give higher margins. Suppliers make higher profits when prices are high. The possibility of making higher profits motivates suppliers to increase supplies to the market. On the other hand, low prices may result in losses. When prices are low, supplies will shy away from the market to avoid making losses.

You might be interested in

Question 9 you are doing some comparison shopping. five stores offer the product you want at basically the same price but with d

stiks02 [169]

Here we have not been given the answer choices. However, we can see that these choices are: 2/10 net 30, 2/5 net 30, 2/5 net 20, 1/10 net 45, 1/5 net 15

Here we are to select the best one if you want to forgo the discount. Since you want the discount to be forgone, we will select the plans that offer the least discount which are options 4 and 5 1/10 net 45 and 1/5 net 15.

Net out of these two, the 1/10 net 45 gives you discount of 1% for 10 days with total payable in 45 days and the other one gives you a 1% discount in 5 days. So we would like to select the one with most number of days without discount and this would be 1/10 net 45 and would give you a total of 45 days to pay the credit as against only 15 days in other option.

Hence the option which best suites is 1/10 net 45.

6 0

4 years ago

Tableau DA 9-3: Mini-Case, Analyzing warranty liabilities LO P4

Alexus [3.1K]

Answer:

Answer 2 - Increase Warranty estimate percentages

Answer 3 - To Increase management bonus that is based on net income

Answer 4 - Increase warranty Estimate percentages

Explanation:

Answer 2 - Total Warranty was above their estimate, if they increase the percentage they will be closer to the actual

Answer 3 - Bonus is based on net income, the higher the net income the better your bonus, you can change this based on the percentage you estimate.

Answer 4 - the more they spend the less taxes they will incur.

7 0

3 years ago

?during a discussion about the budget for a project, the discussion gets personal between two managers of trion llc. they digres

lianna [129]

In this scenario, the managers have <span>an <u>A-TYPE CONFLICT</u>. This is a type of disagreement or conflict that focuses on personal or individual issues that are not totally related to the business at hand.

Often, this type of arguments may ruin how the company ethically performs. People who have personal issues against colleagues or co-workers are what drives some people to leave the company or choose to become inefficient at work. </span>

5 0

3 years ago

Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp

nordsb [41]

Answer:

Gibbs Corporation

1) Fixed cost per unit

= $810

2) ROI per unit

= $4,277

3) Markup percentage = Total cost per unit

= 252-927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup

= $5,960

Explanation:

a) Data and Calculations:

Per Unit Total

Direct materials $410

Direct labor $340

Variable manufacturing overhead $ 75

Fixed manufacturing overhead $1,708,000

Variable selling and administrative expenses $ 56

Fixed selling and administrative expenses $ 560,000

Total variable and fixed costs $881 $2,268,000

ROI = 22% = $11,974,600 ($54,430,000 * 22%)

Invested assets = $54,430,000

Estimated annual production units = 2,800

1) Fixed cost per unit = $810 ($2,268,000/2,800)

2) ROI per unit = $4,277 ($11,974,600/2,800)

3) Markup percentage = Total cost per unit = $4,277/$1,691 * 100 = 252.927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup = $5,960 ($1,691 + $4,277)

8 0

3 years ago

________ refers to searching for information that is not immediately evident and sorting through that information to interpret w

igomit [66]

Answer:

C) Environmental scanning

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.

Hence, the search for an information that isn't immediately evident and sorting through or analyzing that information to interpret what is important to an organization is generally referred to as environmental scanning.

3 0

4 years ago