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2 years ago

Which of the following is an example of a good with elastic supply in the short run?

Business

1 answer:

garri49 [273]2 years ago

4 0

Answer:

my be plastic wrep

Explanation:

because it seems to be elastic and its holds on very well

You might be interested in

Four ways in which the kruger national park combats rhino poaching

alina1380 [7]

As I remember it correctly four strategies in which the kruger national park combats rhino poaching sound like that:
*Restricted trade in rhino horn;
*Unrestricted trade in rhino horn;
*Status Quo;
*Demand reduction.

5 0

3 years ago

Acme Company has variable costs equal to 30% of sales. The company is considering a proposal that will increase sales by $12,000

mina [271]

Answer:

Explanation:

The net income is the difference between the sales and total cost which comprises of the variable cost and fixed cost. The sales and variable cost are dependent on the number of units sold.

Let

u = number of units

s = selling price per unit

v = variable cost per unit

F = Fixed cost

I = Net income

I = su - F - vu

but vu = 0.3su

Hence

I = su - 0.3su - F = 0.7su - F

Given that the proposal will increase sales by $12,000,

New sales = su + 12000 ( in $)

and total fixed costs by $8,400

New fixed cost = F + 8400

New variable cost = 0.3( su + 12000) = 0.3su + 3600

New net income = su + 12000 - 0.3su - 3600 - F - 8400

= 0.7su - F

New net income is same as the old net income hence no increase.

4 0

3 years ago

Walden Industries is considering investing in productionminusmanagement software that costs $ 630 comma 000, has $ 60 comma 000

nadya68 [22]

Answer:

345,000

Explanation:

accounting rate of return:

$\frac{net \:profit}{average \: investment}$

The average investment will be the average between the ending and beginning book value of the investment:

In this case, the acquisition of the software and his salvage value at the end of the useful life.

( 630,000 + 60,000 ) / 2 = 345,000

4 0

2 years ago

The reporting of financial conditions at the corporation so that can be evaluated. b. Legal protections for shareholders so that

gogolik [260]

Answer:

a) Financial Statements

b) Limited Liability

Explanation:

a) The reporting of financial conditions at the corporation so that it can be evaluated, is the aim of preparing financial statements. Financial statements are periodic reports prepared monthly or annually to show the financial health of a company. They are made up of the statement of profit or loss, statement of financial position, cash flow statements and statement of changes in equity.

b) Legal protections for shareholders so that they are not taken advantage of is the purpose of limiting the liability of shareholders. Limited liability relates to a shareholder's financial liability being limited to a fixed amount not exceeding his investment in the company or partnership. Nevertheless every shareholders is liable for his own actions personally.

6 0

2 years ago

Jeff Heun,president of Concrete Always, agrees to construct a concrete cartpath at Dakota Golf Club. Concrete Always enters into

nataly862011 [7]

Answer:

a. $234,000

b. $239,000

Explanation:

a. The transaction price is

= Construction cost + Performance bonus on the time of completion × project complete on time percentage + performance bonus after one week × one week late percentage + performance bonus after two week × two week late percentage

= $200,000 + $40,000 × 0.55 + $30,000 × 0.30 + $20,000 × 0.15

= $200,000 + $22,000 + $9,000 + $3,000

= $234,000

b. The transaction price is

= Construction cost + Performance bonus on the time of completion × project complete on time probability + performance bonus after one week × one week late probability

= $200,000 + $40,000 × 90% + $30,000 × 10%

= $200,000 + $36,000 + $3,000

= $239,000

The after one week is

= $40,000 - $10,000

= $30,000

The after two week is

= $40,000 - $10,000 - $10,000

= $20,000

5 0

3 years ago