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3 years ago

How many bushels of wheat are wholesalers willing to buy at $18 per bushel?

Business

2 answers:

algol133 years ago

6 0

Answer:

Explanation:

The quantity wholesalers wish to purchase reflects demand at a given price. At $ 18 a bushel, wholesalers want to buy 42 bushel of wheat. This result can be seen from the graph that tells us that at the price of US $ 18, demand will be 42, that is, the price (US $ 18) intersects the demand curve in the quantity that wholesalers want to buy (42 bushels).

MrMuchimi3 years ago

3 0

Im 100% that the correct answer is #42

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Wyandotte Chemical Company sells various chemicals to the automobile industry. Wyandotte currently sells 30,000 gallons of polyo

JulijaS [17]

Answer:

a.–7.5% or -0.075

bi.$35,321

bii.$8,271

biii.$27,050

Explanation:

Wyandotte Chemical Company

ED = %ΔQD / %ΔP

–2.0 = 15% / %ΔP. (15% more sales)

%ΔP = 15% / -2.0

%ΔP = –7.5% or -0.075

Using the arc price formula, the new price will be:

%ΔP = P2 – P1/ [(P2+ P1)/2]

–0.075 = (P2– 15.00)/ [(P2+ 15)/2] -0.075P2– 1.125 = 2P2– 30

-2.075P2= -28.875

P2= $13.92

ΔP = $15 –$13.92 = $1.08

Finding new quantity using the arc price formula:

%ΔQ = Q2 – Q1/ [(Q2+ Q1)/2]

0.15 = (Q2– 30,000)/ [(Q2+ 30,000)/2]

Q2= 34,865 gallons (QUANTITY SOLD)

Therefore impact of the price cut on the following are:

i). On Total Revenue:

TR = P · Q

Before cut price: TR1, = 15(30,000) = $450,000

After cut price: TR2= 13.92(34,865)

= $485,321,

Consequently, ΔTR = $35,321 (change in total revenue)

ii). On Total Cost: we first find the FC and VCBefore price cut:

FC1=$90,000

After price cut: FC2= $90,000

VC per unit = $6.00 – 0.60 = $5.40

VC2= $5.40 × 34,865 = $188,271

TC2= FC + VC = 90,000 + 188,271 = $278,271

ΔTC = $8,271 (change in total cost)

iii). On Total Profits (π):

Before price cut: π, = $450,000 – $270,000 = $180,000

After price cut: π2= $485,321 – $278,271 = $207,050

(ΔTR - ΔTC = Δπ: $35,321 - $8,271 = 27,050)

4 0

3 years ago

he company rented an office for $ 3600 per month starting from January 1, 2018. On that day, ABC prepaid the rent through June

pickupchik [31]

Answer:

The balance in the Prepaid Rent account as of April 30, 2018 = $7,200

Explanation:

Monthly rent = $3,600

Rent paid on 1 January = $3,600 $\times$ 6 = $21,600

Out of which Prepaid Rent = $3,600 $\times$ 5 = $18,000

for 5 months

Prepaid rent account as on April 30 balance will be of rent for May and June,

That is $3,600 $\times$ 2 = $7,200

Only this amount will be outstanding in prepaid rent as for the month till April each month rent would have been adjusted from February to April.

Final Answer

The balance in the Prepaid Rent account as of April 30, 2018 = $7,200

8 0

3 years ago

A customer is interested in purchasing new furniture for their living room. Using a mobile phone, the customer opens a special a

Kaylis [27]

When a customer who wants to buy new furniture for his living room uses his mobile phone and opens an app that uses the camera to overlay different furniture options, this is a type of technology corresponding to augmented reality.

<h3 /><h3>Augmented reality technology</h3>

It is based on the interaction of the user of the virtual world with the real world, through perceptual information generated by a computer, which transmits sensorial modalities, creating an experience of the virtual environment closer to reality.

Therefore, the use of augmented reality can generate greater business innovation, generating greater value for the consumer through faster and more effective interaction and shopping experience and service.

Find out more information about augmented reality here:

brainly.com/question/9054673

8 0

2 years ago

Under what circumstances might stockholders be displeased with a corporation's performance?

Minchanka [31]

I would say the shareholders could disapprove of the performance of their company if it was to consistently to lose money over say several quarters with no signs of improvement or no encouragement by management that this was a temporary situation,

6 0

3 years ago

Cost of goods manufactured during the year is $240,000, and work in process inventory on December 31 is $50,000. Work in process

Zinaida [17]

Answer:

$165,000

Explanation:

The first step is to calculate the work in process inventory

= 50,000/40/100

= 50,000/0.4

= 125,000

Therefore the total manufacturing cost can be calculated as follows

= 240,000-125,000+50,000

= 115,000+50,000

= 165,000

Hence the total manufacturing costs is $165,000

8 0

3 years ago