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3 years ago

Which economic concept helps explain the changing demand for jewelry?

Business

1 answer:

Anettt [7]3 years ago

5 0

Answer:

A.fungibility  is a economic concept which helps explain the changing demand for jewelry.

Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets .

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Bramble Inc. has sales of $2,059,000 for the first quarter of 2020. In making the sales, the company incurred the following cost

frosja888 [35]

Answer:

Explanation:

The preparation of the CVP income statement is shown below:

Bramble Inc

CVP income statement

For the quarter ended March 31, 2020

Sales (A) $2,059,000

Variable cost

Cost of goods sold $765,000

Selling expenses $96,500

Administrative expenses $83,700

Total Variable cost (B) $945,200

Contribution margin (A-B) / C $1,113,800

Fixed expenses

Cost of goods sold $607,000

Selling expenses $66,000

Administrative expenses $73,000

Total fixed cost (D) $746,000

Net income (C-D) $367,800

3 0

3 years ago

This is the responsiveness of the distribution of a good to the amount charged for a good in economics.

polet [3.4K]

Supply elasticity is the responsiveness of the distribution of a good to the amount charged for a good in economics

3 0

3 years ago

If in addition to having a high market share in the freight-forwarding industry, your company has strong technical know-how and

Ksivusya [100]

The most negative classification which the freight forwarding could receive is:

Average Business

<h3>What is Negative Classification?</h3>

This refers to the use of models to find out the predicted outcome which is in the negative class.

With this in mind, we can see that because in the high market share, there is the presence of strong technical know how and can produce high-quality products at low cost, then the most negative classification which the freight forwarding could receive is average business.

Read more about negative classification here:
brainly.com/question/13734308

5 0

2 years ago

Samantha is a single mom and the administrative assistant for the marketing department. Her son's soccer games begin right afte

Alex_Xolod [135]

Answer:

The correct answer is (B)

Explanation:

A conflict is a clash of interest. The idea of conflict might be close to home, racial, class, standing, political and universal. Samantha is encountering a conflict of interest where she has to choose whether to watch her son's football match or go to work. Conflicts usually can lead to misunderstandings between two parties and they must be resolved by communication.

5 0

4 years ago

Fixed costs included in this income statement are $2,000 for meal production and $400 for administrative costs. Maria has receiv

Olenka [21]

Answer:

While the special order generates a positive differential cost of $15

It should be rejected.

As this is an insignificant reward (15 / 1,000 = 1.5%)

considering the effort needed (300 / 2,000 = 15% production)

We increase production by 15% to increase our income by 1.5%

Any deviation from the expected cost will turn the project into a negative outcome the project is not useful for the current cost structure.

Explanation:

MISSING INFORMATION

TOTAL /// Per Unit

Sales revenue $10,000 $ 5.00

Costs of meals 8,000 4.00

Gross profit 2,000 1.00

Administrative costs 1,000 0.50

Operating profit 1,000 0.50

Fixed Cost

2,000 meal production

400 administrative cost

Variable cost:

unit sold: 10,000 / 5.00 = 2,000

Total Cost: 9,000

Less fixed of 2,400

Variable cost 6,600

6,600 / 2,000 units = 3.3 per unit

Special order:

Sales revenue 3.35 x 300 = 1,005

Cost per unit: 3.30 x 300 = 990

revenue 15

7 0

3 years ago