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3 years ago

14

The latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once

, so you make the minimum payment each month. How much is that minimum payment?

1 answer:

Vsevolod [243]3 years ago

6 0

Answer:

The minimum payment is 15

Explanation

so you have to pay another %15 of the bill each month

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Green T-Shirt Processing has a unit sales price of $20 for their t-shirt. The contribution margin percentage is 70%. If they sol

Rom4ik [11]

Answer:

Net operating income= 88,000

Explanation:

Giving the following information:

Selling price= $20

Unitary variable cost= 20*0.3= 6

Fixed costs= $10,000

Units sold= 7,000

<u>We need to calculate the net operating income:</u>

Sales= 20*7,000= 140,000

Variable cost= 6*7,000= (42,000)

Contribution margin= 98,000

Fixed costs= (10,000)

Net operating income= 88,000

7 0

3 years ago

If a chart indicates that both the Dow Jones Industrial Average and the advance/decline line have been increasing since January,

pantera1 [17]

Answer:

B. Continue to rise

Explanation:

Since if the chart represents the DJIA and the line of advance or decline rises since the month of January and still it continues to be rise so the market should considered that the more and more stocks are increasing in terms of price rather than dropping

Therefore the correct option is B. continue to rise

3 0

3 years ago

What is a economic systerm in business

Marta_Voda [28]

Answer:

A nation's economic system is the combination of policies, laws, and choices made by its government to establish the systems that determine what goods and services are produced and how they are allocated. Economics is the study of how a society uses scarce resources to produce and distribute goods and services.

5 0

3 years ago

Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound.

Lerok [7]

Answer:

Total Material Variance = $2,400 Unfavorable

Explanation:

Total Materials Variance = Standard Cost - Actual Cost

Here, standard cost = Standard Quantity $\times$ Standard Rate

Standard quantity for actual output = 5,400

Standard Rate = $2.00 per pound

Standard Cost = 5,400 $\times$ $2.00 = $10,800

Actual Cost = Actual Quantity $\times$ Actual Rate

= 6,000 $\times$ $2.20 = $13,200

Total Material Variance = $10,800 - $13,200 = - $2,400 Unfavorable

Since the value is negative the variance is unfavorable, as actual cost is more than standard cost.

8 0

4 years ago

What effect would a rule stating that university students must live in university dormitories have on the price elasticity of de

sukhopar [10]

Answer:

(1) The price Elasticity of demand for Dormintory space will less than one.

(2) The room rates will increase following the increase in demand.

Explanation: The price Elasticity of demand is a term used in Economics to describe the change in Quantity demanded at the slightest change in price of the product or services rendered. FOR A NECESSARY AND ESSENTIAL GOODS AND SERVICES WITH NO CLOSE SUBSTITUTES LIKE THE DORMITORY SPACES THE PRICE ELASTICITY OF DEMAND WILL BE LESS THAN ONE.

THIS MEANS THAT A CHANGE IN PRICE WILL HAVE LITTLE OR NO EFFECT ON THE DEMAND.

One of the conditions necessary for a change in price is a change in demand, as the demand for a product or service increases, it will lead to a corresponding increase in the price of the product or service especially when the supply for the product or sevice is constant.

7 0

4 years ago