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3 years ago

What happens to the supply and demand when price level decreases ?

Business

1 answer:

exis [7]3 years ago

4 0

Answer:

If the price decreases then the supply in demand increases.

Explanation:

The reason behind this is to do with how the law of demand works.

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Pinewood Department Store reported the following information for 2020: October November December Budgeted sales $1,300,000 $1,60

Elanso [62]

Answer:

$1,420,000

Explanation:

Total sales of October = $1,300,000. Collected in November = (60% of 1,300,000) = $780,000

November sales = $1,600,000. 40% sales of November = $640,000

Total cash collection = $780,000 + $760,000

Total cash collection = $1,420,000

So, the cash that Pinewood will receive in November is $1,420,000.

8 0

3 years ago

Provide a recommendation to Kimishima on how Nintendo should formulate its strategy to compete successfully in the gaming indust

Aneli [31]

Answer:

Recommendation to Kimishima about Nintendo is given below:

Explanation:

Nintendo already have a goodwill with [now adults] because they have been playing Nintendo during their childhood, this goodwill can be revived by developing a software [Game] which is famous in Adults [Reality Game]. Also Nintendo can develop a hardware [Gaming Console] which should be compatible with other developers games and possibly cheaper in price to attract customers.

Nintendo already having goodwill, can develop a theme park with its characters and rides, this park can also have shops where Nintendo can sell its games and consoles.

3 0

3 years ago

A foreign company has offered to buy 75 units for a reduced sales price of $320 per unit. The marketing manager says the sale wi

belka [17]

Answer:

an increase in the operating income by $16,322

Explanation:

The computation of the impact in the operating income is given below:

Variable cost of 75 units (1300000 × 75 ÷ 12700) 7,678

Sale price of 75 units (75 × 320) 24,000

Increase in operating income (24000 - 7678) $16,322

hence, the impact in the operating income is that there is an increase in the operating income by $16,322

4 0

3 years ago

Mondo Snow Removal's cost formula for its vehicle operating cost is $1,060 per month plus $429 per snow-day. For the month of Ja

insens350 [35]

Answer:

Activity variance = $858 unfavorable

Explanation:

The activity variance occurs as result of the difference between the actual level of work (activity) done and the budgeted level of work as planned.

Planned budget (1060 + (429× 11)) = 5,779

Flexible budget (1060 + (429 ×13) = <u>6,637 </u>

Activity variance <u> 858 unfavorable</u>

7 0

3 years ago

A(n) ________ is someone who takes the risk of creating, organizing and operating a business, usually to satisfy a need in the m

Anarel [89]

Answer:

entrepreneur

Explanation:

Hope this helps!!!

6 0

3 years ago

What happens to the supply and demand when price level decreases ?​

What happens to the supply and demand when price level decreases ?