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2 years ago

Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are

Business

1 answer:

DENIUS [597]2 years ago

8 0

Answer:

relatively flexible

Explanation:

Flexible pricing is when there is room for negotiation of prices of a product between the buyers and sellers.

So the price is prone to change in short amount of time.

Sticky price on the other hand tends to be non negotiable and the does not change over time.in the given scenario prices for airline tickets change on average about once per month.

So there is constant change of the price every month. Meaning the buyer can convince the seller to change his offering price.

The price is relatively flexible

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At December 31, the records of Nortech Corporation provided the following selected and incomplete data:Common stock (par $1; no

solmaris [256]

Answer:

The following balances have been worked out from the information given in question;

Explanation:

No. of Common stocks issued $200,000/22 9,091

Paid in capital-Common Stocks 9,091*(22-1) $90,909

No. of Treasury Stock 3,000

Treasury stock 3,000*20 $60,000

EPS =$147,750/(9,091 -3,000) $24

Retained Earnings ($155,000+$147,750-$49,250) $253,500

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2 years ago

Why are online sellers a stakeholder in Amazon?

lukranit [14]

These stakeholders are significant because they influence consumer perception on the company's goods and services it basically provides a better business

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3 years ago

Trading securities are a.reported as unrealized gains or losses on the income statement b.reported at fair value in the balance

dedylja [7]

Answer:

c.reported at fair value on the balance sheet and as unrealized gains or losses on the income statement

Explanation:

The trading securities focuses on the securities which are traded to gain the profit through selling the securities which are based on the market values

any profit or losses could be come under the income statement

whereas

The fair values are to be reported on the balance sheet

hence, the correct option is c.

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2 years ago

The primary challenge of virtual team meetings, as reported by professionals in virtual teams, is?

FinnZ [79.3K]

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The phrase may also be used to describe teams or groups who collaborate asynchronously or across organizational levels. Virtual teams are described by Powell, Piccoli, and Ives (2004) as "groups of geographically, organizationally, or time dispersed workers brought together by information and telecommunication technology to complete one or more organizational tasks."

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2 years ago

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 dire

sdas [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct material:

Each purse requires 3 pounds of direct materials for $4 per pound.

The company’s policy is to end each month with direct materials inventory equal to 40% of the next month’s materials requirement.

At the end of August the company had 3,480 pounds of direct materials in inventory.

Direct labor:

0.7 direct labor hours at a rate of $17 per hour.

Overhead:

Variable manufacturing overhead is charged at a rate of $3 per direct labor hour.

Fixed manufacturing overhead is $13,000 per month. T

Production Budget:

September= 5,300 units

October= 6,900 units

November= 6,300 units

1) Direct material budget:

September (in pounds):

Production= 5,300*3= 15,900

Desired ending inventory= (6,900*3)*0.4= 8,280

Beginning inventory= (3,480)

Total pounds= 20,700

Total cost= 20,700*4= $82,800

October (in pounds):

Production= 6,900*3= 20,700

Desired ending inventory= (6,300*3)*0.4= 7,560

Beginning inventory= (8,280)

Total pounds= 19,980

Total cost= 19,980*4= $79,920

2) Direct labor:

September:

Total direct labor hours= 0.7*5,300= 3,710

Total cost= 3,710*17= $63,070

October:

Total direct labor hours= 0.7*6,900= 4,830

Total cost= 4,830*17= $82,110

3) Manufacturing overhead:

September:

Variable overhead= $3*3,710= $11,130

Fixed overhead= 13,000

Total overhead= $24,130

October:

Variable overhead= $3*4,830= $14,490

Fixed overhead= 13,000

Total overhead= $27,490

8 0

3 years ago