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3 years ago

Year P (bikinis) Q (bikinis) P (Speedos) Q (Speedos)

Business

1 answer:

mojhsa [17]3 years ago

4 0

Answer:

$2,950

Explanation:

assuming that year 2000 is the base year:

real GDP for 2003 = (bikini price 2000 x bikini quantity 2003) + (speedos price 2000 x speedos quantity 2003) = ($75 x 30) + ($50 x 14) = $2,950

base year's prices become the real prices of the economy, and any change in real GDP is given by changes in output

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What is the change in net income if fixed cost of $20,000 can be avoided and Frannie could rent out the factory space no longer

Veseljchak [2.6K]

Answer:

Note <em>The full question is attached as picture below</em>

<em />

1). Purchasing cost = 10,000* $18

Purchasing cost = $180,000

Making cost = Direct material + Direct labor + Variable overhead

Making cost = $65,000 + $55,000 + $30,000

Making cost = $150,000

Difference in cost (Per unit) = ($180,000-$150,000) / 10,000\

Difference in cost (Per unit) = $3

Change in net income = $180,000 - $150,000

Change in net income = $30,000 (Decrease)

2. Purchasing cost = 10,000*$18

Purchasing cost = $180,000

Making cost = Direct material + Direct labour + Variable overhead + Fixed overhead

Making cost = $65,000 + $55,000 + $30,000 + $20,000

Making cost = $170,000

Difference in cost (per unit) = ($180,000 - $170,000) / 10,000

Difference in cost (per unit) = $1

Change in net income (decrease) = $170,000 - $180,000

Change in net income (decrease) = $10,000

3. Purchasing cost = $180,000 - $20,000

Purchasing cost = $160,000

Making cost = Direct material + Direct labour + Variable overhead + Fixed overhead

Making cost = $65,000 + $55,000 + $30,000 + $20,000

Making cost = $170,000

Change in net income = $170,000 - $160,000

Change in net income = $10,000 (increase)

6 0

3 years ago

Jada Company uses the allowance method to account for uncollectible receivables. On June 2, Jada wrote off a $15,000 account rec

goblinko [34]

Answer:

Allowance for uncollectible accounts 15,000 debit

Acounts Receivables 15,000 credit

Allowance for uncollectible accounts 15,000 credit

Cash 15,000 debit

Accounts Receivables 15,000 credit

bad dent expense 830 debit

Allowance for uncollectible accounts 830 credit

Explanation:

We decrease both, teh allowance and account receivables to leave the net amount of A/R the same

Then, we reverse that entry as we recovery the account

Last, we proceed to record the collection of the account like any other.

The adjusting entry will recognize the bad debt expense against the allowance to decrease the net receivables

3 0

3 years ago

If short-run marginal cost and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q, and AVC = 2 + 2Q,

sukhopar [10]

Answer:

units of output = 2 units

fixed cost = 8

Explanation:

given data

SMC = 2 + 4Q

AVC = 2 + 2Q

to find out

how many units of output will it produce at a market price and what level of fixed cost will this firm earn zero economic profit

solution

we know here that under perfect competition

so at the equilibrium here Price (P) will be = MC

P = MC = 10

and

SMC = 2 + 4Q ,

P = 2 + 4Q

10 = 2 + 4Q

Q = 2 units

and

at zero economic profit we get

TR = TC

TR = P × Q

TR = 10 × 2

TR = 20

TC = TFC + TVC

20 = TFC + 12

TFC = 8

because here [ TVC = AVC × Q ]

[ TVC = (2 + 2 × 2) × 2 ]

[ TVC = 12 ]

8 0

4 years ago

What sorts of marketing metrics would be most helpful for a brand manager of a frozen yogurt chain?

borishaifa [10]

<span>In this case the manager can study the sales and profits of the company over a particular period of time. This will enables the manager to understand where there is a actual deficiency so that the manager can work upon on that. Also the manager needs to take into consideration, the pricing policy as the industry is very competitive.</span>

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3 years ago

.The Bank of King's Landing has made many loans to the lords of Winterfell. The Bank is considering whether they will benefit or

kotykmax [81]

The Bank of King's Landing would realize an unexpected benefit when the actual rate of inflation is lower than the expected rate of inflation.

<h3>Effect of Change in Inflation Rate on Lending</h3>

In monetary economics, when the actual rate of inflation is lower than projected, the lender or bank benefits since it is similar to receiving a bonus.

The lender or the bank, on the other hand, will lose if the rate of inflation is higher than predicted.

As a result, when the actual rate of inflation is lower than the forecast rate of inflation, the Bank of King's Landing will gain unexpectedly.

The reason for this is that the amount they receive will be worth more than they anticipated when they made the loans to the lords of Winterfell.

Learn more about how inflation affects lending here: brainly.com/question/14988663.

7 0

2 years ago