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3 years ago

The steady growth line best supports which conclusion about the economy

Business

1 answer:

Nadusha1986 [10]3 years ago

5 0

Answer:

A.The economy as a whole continues to grow between each business cycle.

Explanation:

The steady growth line best supports the conclusion about the economy

represented in the graph is that "The economy as a whole continues to grow between each business cycle."

The above statement is true because the production output of the firm continues to rise with time. As time goes on in the business cycle of the firm, the firm continues to grow, which is evident in the increase in the level of production.

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Fabriq Inc., a cosmetics company, hired a well-known movie star to appear in its advertisements. The company hoped that using a

miskamm [114]

Answer:

Ad-To-Consumer Relevance

Explanation:

Ad-to-consumer importance applies to cases in which a new product's advertising name or character or person is of interest to customers.

In this situation, Fabriq Inc. tries to connect people's interest in their product. People connect themselves easily with Celebrities because they admire them.

So, many advertising agencies try to advertise with celebrities.

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4 years ago

Alpine Thrills Ski Company recently expanded its manufacturing capacity. The firm will now be able to produce up to 32,000 pairs

Effectus [21]

Answer:

35.98%

12,362 pairs

$2.53

9,688 pairs

Explanation:

As per the data given in the question,

As we know that

Contribution margin ratio = (Contribution margin per unit) ÷ (Selling price per unit) × 100

where,

Contribution margin per unit = Selling price per unit - variable cost per unit\

So,

Selling price = $137.00

Variable cost = $87.70

Contribution Margin = $137.00 - $87.70 = $49.30

Contribution margin ratio = $49.30 ÷ $137.00

= 35.98%

Net Income after tax = $41,620

Income Before tax = $41,620 ÷ 50%

= $83,240

Now Pairs of touring skis will be sold by company = (Income before tax + fixed cost) ÷ Contribution Margin

= ($83,240 + $526,200) ÷ $49.30

= 12,362 pairs

Break-even of mountaineering model

= Fixed cost ÷ (Selling price per unit - variable cost per unit)

= $622,400 ÷ ($149 - $87.70)

= $10,153

Now Let Variable cost be Y

$10,153 = $526,200 ÷ ($137 - Y)

Y = $85.17

Therefore, Variable cost per unit decreased by

= ($87.70 - $85.17)

= $2.53

New Fixed cost

= Fixed cost × increased percentage

= $526,200 × 1.15

= $605,130

New variable cost per unit

= $87.70 × 0.85

= $74.54

New Break-even point = New Fixed cost ÷ Contribution Margin

= $605,130 ÷ ($137-$74.54)

= 9,688 pairs

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3 years ago

CircuitTown commenced a gift card program in January 2021 and sold $10,000 of gift cards in January, $15,000 in February, and $1

kondaur [170]

Answer and Explanation:

a. The computation of revenue is shown below:-

Revenue = Gift card redemption + Gift card breakage

= $6,000 + $4,000

= $10,000

b. The Journal entry is shown below:-

Cash Dr, $10,000

To Unearned Gift Card Revenue $10,000

(Being sale of the gift card is recorded)

2 Unearned Gift Card revenue Dr, $6,000

To Revenue - Gift Cards $6,000

(Being gift card redemption is recorded)

3. Unearned Gift Card revenue Dr, $4,000

To Revenue - Gift Cards $4,000

(Being gift card breakage is recorded)

c. The revenue is shown below:-

Only $4,000 will be recognized as revenue as it is the gift card redemption.

d. The computation of liability for deferred revenue is shown below:-

Liability for deferred revenue = $16,000 - $4,000

= $12,000

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4 years ago

The listing agent received a full price offer that she faxed to the out-of-town seller. The seller signed the faxed copy, and fa

ExtremeBDS [4]

Answer: Yes contract has been formed.

Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.

In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.

6 0

3 years ago

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to b

Contact [7]

Answer:

The amount of deposit is 369.77 dollars

Explanation:

We can calculate the amount of deposit using present value and the number of payment periods, which is 17. It tells us about the value of our future income as measured in today's dollars. Future value for all four years is 1600 dollars. Formula for present value is future value/(1+interest rate)^number of periods. In this case it will be 1600/1.09^17 or 1600/4.327 equals 369.77.

7 0

3 years ago