Scientific management.

You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 0.8. if you want to increa

kirill [66]

Answer: To increase sale by 10%, the seller must lower the price of the good by 12.5%.

Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,

$e_{d}=\frac{Precentage change in quantity demanded}{Percentage change in price} -0.8=\frac{10}{Percentage change in price} Percentage change in price = -\frac{10}{0.8} Percentage change in price = -12.5$

Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.

5 0

2 years ago

For product costs associated with a particular product to be reported on the income statement: Group of answer choices The produ

m_a_m_a [10]

Inventory is important

3 0

3 years ago

During fiscal year-end 2016, Kohl’s Corporation reports the following (in $ millions): net income of $556, retained earnings at

nikitadnepr [17]

Answer:

c. $363 million

Explanation:

We can compute this easily by making a retained earning extract from the balance sheet at the closing date,

Opening Retained earnings $12,329

Add retained earnings for the year $556

Less: Dividends paid $363

Closing Retained earnings $12,522

Reverse calculating the information gives us c. $363 million

Hope that helps.

7 0

2 years ago

Hart Technology must accrue a loss contingency. The amount of the loss can be reasonably estimated within a range of outcomes. O

Shtirlitz [24]

The amount of loss that should be recognized is the minimum amount of the range.

<h3>Recording a Contingent liability </h3>

It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
If neither of the above are possible, the loss would be recorded as a footnote.

US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.

In conclusion, they should recognize the minimum amount.

Find out more on contingent liabilities at brainly.com/question/17371330.

3 0

2 years ago

American Inc. had gross sales of $925,000. Cost of goods sold and selling expenses were $490,00 and $220, 000 respectively Ameri

drek231 [11]

Answer:

a. Particulars Amount

Gross sales $925,000

Less: COGS $490,000

EBITDA $435,000

Less: Depreciation $120,000

EBIT $315,000

Less: Interest on notes payable $8,800 (220000*4%)

EBT $306,200

Less: Tax (35%*306200) $107,170

Net Income $199,030

b. Operating cash flow = Net income + Depreciation

Operating cash flow = $199,030 + $120,000

Operating cash flow = $319,030

6 0

2 years ago