Answer:
$3,750
Explanation:
The computation of reliable gross profit is given below :-
= Sales of 2020 year + sale of 2021 years - Cost of Merchandise
= $19,200 + $14,300 - $29,750
= $33,500 - $29,750
= $3,750
Since we have to compute the gross profit of 2021 only so we did not take the collection of year 2022
So, the reliability of gross profit is $3,750.
If the quantity of real domestic output demanded increased by $1,000 at each price level, then, according to macroeconomics, the new equilibrium price level and quantity of real domestic output would be 150 and $4,000.
<h3><u>
What is macroeconomics?</u></h3>
- Macroeconomics is a subfield of economics that focuses on the behavior of an economy as a whole, including the market and other large-scale processes.
- Inflation, price levels, economic growth rates, national income, gross domestic product (GDP), and variations in unemployment are only a few examples of the phenomena that macroeconomics analyzes.
- Macroeconomics makes an effort to assess how well an economy is operating, comprehend the forces that shape it, and predict how performance could increase.
- In contrast to microeconomics, which focuses primarily on the decisions made by individual economic actors, macroeconomics examines the functioning, structure, and behavior of the entire economy (like people, households, industries, etc.).
Curves of supply and demand cross at the equilibrium price. We would forecast that the market will function at this pricing.
Know more about macroeconomics with the help of the given link:
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Answer:
E) evaluating all members of the value chain
Explanation:
A value chain is used to describe all the business activities it takes to create a product from start to finish (design, production, distribution).
And a value chain analysis gives businesses a visual model of these activities.
Answer:
The product is Organic and Inorganic Ice cream.
It will be sold from a high street location.
The focus is on the wholesale market.
The equipment consists of the following:
- One unit of pasteuriser linked
- One unit of homogeniser
- One unit of cooler
- One unit of ageing vat
- One large batch freezer
- One unit each of fruit–feeder and a ripple-pump
- One Blast Freezer and
- One Cold Store
Another factor is labour. For a small-sized operation like ours, we don't need more than 3 staff:
- Production and Quality Control executive
- Accounting and Marketing executive and
- front desk officer
The size of labour is small because the company is small and is focused on wholesalers, not retailers. It also makes for good business sense to keep to a very lean Human Resource structure. Effectiveness and efficiency will be optimised with the use of technology.
Our choice to go wholesale stems from the fact that there is a huge gap for unbranded icecream. Because it is cheaper, people don't mind forgoing the big brands for an equally good cup or bucket of ice cream.
Cheers
Answer: That means that the company is losing profits, therefore I would recommend continuing to produce in the short term, so that you do not lose more as it would be if you stop producing.
In the long term, unless prices go up or costs go down, I would recommend the pencil manufacturer not to continue producing and going out of business.
