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Karolina [17]
3 years ago
14

The President of a company that produces an electronic gadget and sells it in a competitive market observed that the demand for

the product is represented by a linear equation of the form P = 10 - .2Qd and the supply by P = .2Qs. He asked the Vice President for Marketing what P and Q will be at equilibrium?
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

Demand is

P = 10 - 0.2Qd

And

supply is

P = 0.2QS

Now as we know that

Equilibrium would be

Qd = Qs = Q

So

10-0.2Q = 0.2Q

0.4Q = 10

Q = 25 units is the equilibrium quantity

and P = 0.2Q

= 0.2 × 25

= $5 is the equilibrium price

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If a firm's expected sales are $264,000 and its break-even sales are $197,000, the margin of safety in dollars is:
pychu [463]

Assuming the firm's expected sales are $264,000 in which the firm break-even sales are $197,000, the margin of safety in dollars is:$67,000.

<h3>Margin of safety in dollars</h3>

Using this formula

Margin of safety in dollars=Expected sales-Break-even sales

Where:

Expected sales=$264,000

Break-even sales=$197,000

Let plug in the formula

Margin of safety in dollars=$264,000-$197,000

Margin of safety in dollars=$67,000

Inconclusion the margin of safety in dollars is: $67,000.

Learn more about margin of safety in dollars here:brainly.com/question/15190495

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Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $8,800 of unpaid and unrecorde
Zepler [3.9K]

Answer:

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Credit Salaries expense is $8800

Explanation:

given data

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to find out

journal entry to reverse the effect

solution

here journal entry to reverse the effect January 1 journal entry to reverse the effect of the December 31 salary expense accrual is as

particular                                  debt                               credit

Salaries payable                      $8800

Salaries expense                                                           $8800

as here unpaid salaries of December is paid in January

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A production process has six subsequent stages, each with their own specific resources and performing crucial tasks. Four of the
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From the information given in the question, the best conclusion is that both stages with a capacity of 10 units per hour can be considered the bottlenecks.

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