Answer: $150,000 financial disadvantage.
Explanation:
Discontinuing the bilge pump product line will eliminate its variable costs but however we are told that some fixed costs will remain.
So then to find out the financial advantage (disadvantage), the fixed costs that will be removed/ saved need to be removed as well to see what will be left if the line is discontinued.
The Contribution Margin is Sales less variable costs so it already removes the Variable cost savings.
Discontinuing would have no effect on the company’s total general factory overhead or total Purchasing Department expenses so the fixed cost savings will be from Advertising, Salary of Product line manager and insurance of inventories.
Fixed cost savings = 270,000 + 32,000 + 8,000
= $310,000
The Contribution Margin the company is losing is ($460,000) by discontinuing.
Less the fixed costs saved,
= (460,000) + 310,000
= ($150,000)
Costs of ($150,000) remain after the fixed costs saved have been accounted for.
The company is therefore at a financial (disadvantage) of $150,000 for discontinuing the bilge pump product.
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Answer:C. will help to create a more successful market system.
Explanation: Intellectual properties are creations of the mind,they are works of people's creative mindset. Intellectual properties can be protected through any of the four different classes of rights
(1) Copyright,(2) patents (3) trademarks (4) trade secrets.
Copyright is the exclusive right give to the creator or the originator of an intellectual property for him or her to continue to recreate for a specific period of time, it is renewable.
Patent is a right or authority given by Government to the creator of an intellectual property to prevent others from recreating the same invention over a period of time.
Trademarks are a type of intellectual property rights which represented by some signs signifying that it is produced under authority.
Trade secrets are certain undisclosed facts or procedures concerning the creation of a given invention,they are recognised by Government.
PUTTING STRICTER LAWS TO PROTECT INTELLECTUAL PROPERTIES RIGHTS will help to CUT DOWN THEFT, CORRUPTION AND HELP TO MAKE THE MARKET STRONGER AND BETTER.
Answer:
400
Explanation:
Qd = 45 - 2P
Qd = -15 + P
45 - 2P = P - 15
60 = 3P
60/3 = P = 20
Q = 45 - 2*20 = 5
Q = -15+20 = 5
The quantity will be 5 and price 20
<u>Now we will caclulate the consumer surplus:</u>
Which the area of the demand curve above the equilibrium.
We calculate he area of a triangle:
base x high / 2

consumer surplus = 400
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Hope these help!!!