Based on the information given, Martha is incorrect. Sam's quantity demand has decreased.
<h3>
What is demand?</h3>
Demand means the quantity of a good and services that consumers are willing and able to buy at various prices during a given period of time
In this case, Martha is incorrect. This is because Sam's quantity demanded has decreased, and his demand has not changed.
Learn more about demand on:
brainly.com/question/1245771
Answer:
It helps giving you the ability to choose what you think is best for your business
Explanation:
Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).
What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.
Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?
That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.
Answer:
It is cheaper to buy the part. The company will save $5,000.
Explanation:
Giving the following information:
UNitary production cost:
Direct Materials $10.50
Direct labor $24.00
Variable factory overhead $ 5.50
Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000
Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.
First, we need to calculate the total cost of making the units:
Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000
Now, the total cost of buying them:
Buy= 1,000*42= $42,000
It is cheaper to buy the part. The company will save $5,000.
Answer:
The begining cash balance = $4100
Explanation:
Given:
Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.
<u>To find out the cash balance at the begining of the month, the following is to be used </u>
Begining Cash balance = Ending cash balance + cash disbursements - cash receipts
Putting the given figures in this we get,
Begining Cash balance = $2600 + $9400 - $7900
= $4100
