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Natasha2012 [34]

2 years ago

10

If you sell 1,000 tickets at $50/ticket, 2,000 tickets at $60/ticket and 2,500 tickets at $65/ticket, what percentage of the rev

enue are the sales from the $50 ticket?

1 answer:

Charra [1.4K]2 years ago

4 0

It’s 50% a ticket and it’s the right answer

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Which of the following in not an example for safeguarding inventory? Group of answer choices Matching receiving documents, purch

Tomtit [17]

Answer:

returning inventory that is defective or broken

Explanation:

Inventory reffered to as set of finished goods/ products as well as other goods that are used in production. It is regarded as current asset on the balance sheet of a company. Inventory safeguarding is very essential in a company to keep them safe, there are some ways in which this can be done.

With the aid of technology such as security cameras which can record any form of theft, door alarms and others can protect inventory from both external/internal threats. Some of thers common examples for safeguarding inventory are;

✓storing inventory in restricted areas

✓physical devices such as two-way mirrors, cameras, and alarms

✓matching receiving documents, purhcase orders, and vendor's invoice

3 0

2 years ago

Houston Fashions is considering a new product line that would require an investment of $ 140,000 in fixtures and displays and $

steposvetlana [31]

Answer:

4.88 years

other methods should be used because payback method does not account for the time value of money

Explanation:

6 0

3 years ago

As a factor of production, how is capital created? A. By adding land to entrepreneurship B. By adding human labor to land C. By

Dennis_Churaev [7]

Answer:

B

Explanation:

By adding human labor to land

7 0

2 years ago

Read 2 more answers

If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium pri

never [62]

Answer:

If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium price to <u>rise and the equilibrium quantity to stay the same</u>.

Explanation:

Perfectly inelastic demand curve indicates the quantity demanded for the life-saving medicine remains the same or does not change in response to a change in price.

Since a part of the law of supply states that the lower the quantity supplied, the higher the price; a reduction in the supply of the life-saving medicine will increase its price.

The combining effect of the two above will lead to an increase in the equilibrium price while the equilibrium quantity will remain the same as it will not respond to the change in price.

The attached graph explains this more clearly. In the graph, the demand curve DD is used to represent the perfectly inelastic demand curve for the life-saving medicine. Therefore, the quantity remains at q no matter the changes, either increase or decrease, in price. Movement from the supply curve S1 to S2 indicates a reduction in supply of the life-saving medicine which causes an increase in the equilibrium price from Po to P1 while the equilibrium quantity stays at q.

This therefore shows that if the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium price to <u>rise and the equilibrium quantity to stay the same</u>.

8 0

3 years ago

Mars Inc. produces 100,000 boxes of Snickers bars which sell for $4 a box. If variable costs are $3 per box, and it has $150,000

Maru [420]

Answer:

keep producing as variable costs are being met.

Explanation:

A firm should shutdown in the short run if price is less than average variable cost. But since price is greater than the average variable cost, the firm should keep producing in the short run.

I hope my answer helps you

6 0

3 years ago