Answer:
The electric guitar division should be: Kept
Explanation:
Currently it has a profit of $280 individually and After elimination it will incur a loss of $4280 which is the loss of profit of 280 and current loss of $4,000. This division should be kept because it is making enough profit to compensate all the avoidable and unavoidable expenses with making addition profit of $280, Otherwise there will be a net loss of $4,280 due to some unavoidable expenses.
Working is made in an attached MS Excel file, please find it.
Answer:
Budgeted overhead cost =$1,250,000
Explanation:
Budgeted overhead for the month of September = Total labour hours × overhead rate per hour
Total labor hours = standard hours × budgeted production units
=2.5 hours × 40,000= 125,000
Budgeted overhead cost Total = $10× 125,000
=$1250000
Budgeted overhead cost =$1,250,000
The economic theory that tax reductions will increase business growth best describes supply-side economics. The correct answer should be B.
Answer:
The value added by Boeing is equal to:A)$3.5
Explanation:
Value added is the difference between the price of product or service and the cost of producing it.
Steel 3,0M
Computer 2,5M
Tools 1,0M
Value Add 3,5M
Boeing 10 M
The correct answer the demand for rides being highly elastic.
When demand is very elastic, lowering the price leads to an increase in overall income. The elasticity of demand is the change in demand that occurs when another economic component, such as price or income, changes.
Inelastic demand occurs when the demand for a commodity or the service stays constant despite price changes. Elastic commodities include luxury items as well as some foods and beverages because price variations impact demand. An elastic demand curve is one in which the amount sought for a particular commodity is responsive to price fluctuations.
Therefore, the correct answer is c. the demand for rides being highly elastic.
To know more about elastic demand click here:
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