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3 years ago

What are some factors that would influence supply? Explain

Business

1 answer:

lakkis [162]3 years ago

6 0

Answer:

Some of the factors that influence the supply of a product are described as follows:

i. Price: ...

ii. Cost of Production:

iii. Natural Conditions:

iv. Technology:

v. Transport Conditions:

vi. Factor Prices and their Availability:

vii. Government's Policies:

viii. Prices of Related Goods

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Keith enjoys cutting hair and he just graduated from a cosmetology program. He has opened up his own shop, but it has not grown

marysya [2.9K]

Answer:

Franchises.

Explanation:

A franchise is formed when a third party is given the right to market products using the brand name of a parent company. There is usually an agreement between the parent company and the third party on profit sharing from the franchise.

In this scenario Keith wants to try a brand recognition of a national chain, but he wants to stay in his local area and be the owner of the shop.

The best option is to form a franchise where he can use the national brand to grow his business locally.

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3 years ago

Cameron Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable

Xelga [282]

Answer:

C) variable costs of $72,000 and $25,000 of fixed costs

Explanation:

To determine the flexible budget we must first calculate the variable costs of producing 8,000 units:

direct labor per unit = $40,000 / 5,000 units = $8 per unit

electric power per unit = $5,000 / 5,000 units = $1 per unit

total variable cost per unit = $8 + $1 = $9

Total variable costs for 8,000 units = 8,000 units x $9 per unit = $72,000

Total fixed costs = $25,000

4 0

3 years ago

Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti

emmasim [6.3K]

Answer:

$14,250

Explanation:

Annual depreciation = (Cost - Salvage value) / Useful Life

Annual depreciation = ($60,000 - $3,000) / 8

Annual depreciation = $57,000 / 8

Annual depreciation = $7,125

Accumulated dep. at December 31, 2022 = $7,125 * 2

Accumulated dep. at December 31, 2022 = $14,250

So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.

7 0

3 years ago

On April 3, a customer returned $ 900 of merchandise that had been purchased with cash to Cooke Supplies. Cooke's cost of the

PIT_PIT [208]

Answer:

The Journal entries are as follows:

(i) Sales revenue A/c Dr. $900

To Cash $900

(To record the correction in sales revenue)

(ii) Merchandise Inventory A/c Dr. $200

To Cost of Goods sold $200

(To record the merchandise returned)

Note:

(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.

(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.

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3 years ago

Planning: Assessing Audience Needs [LO-2] For each communication task that follows, write brief answers to three questions: Who

Mice21 [21]

Answer:

a. Audience’s: Appliance producer

Audience’s general mentality towards subject: The apparatus maker must treat this on need, as lawful results are related with it

Audience’s has to know: The objective that has occurred in the installment procedure and the purpose for the postponement

b. Audience’s: Smartphone shoppers and devotees

Audience’s general mentality towards subject: The customers will pay attention to the promotion on the off chance that they have a prerequisite for a cell phone. The general fans will be worried about the one of a kind highlights of the contribution

Audience’s has to know: The highlights offered and the cost at which the item will be accessible

c. Audience’s: Top administration

Audience’s general disposition towards subject: The top administration must be interested to comprehend the target behind the proposition of combining 4 deals locales into 2

Audience’s has to know: The target of the proposition and the advantages that the organization may procure from it

d. Audience’s: Citizens in the area

Audience’s general demeanor towards subject: The individuals needing such administrations will be energized with the decreased rates. The individuals not having any such prerequisite, won't give it much thought

Audience’s has to know: The rate in decrease of cost just as the rundown of administrations offered in that cost

e. Audience’s: Hiring supervisor of organization

Audience’s general mentality towards subject: The enlisting supervisor will show intrigue on the off chance that he has an opportunity for comparable profile

Audience’s has to know: The ranges of abilities and skills of the candidate and the properties, which makes him not the same as the others

f. Audience’: Accounting directors

Audience’s general demeanor towards subject: The bookkeeping supervisors will esteem the correspondence, as it is very basic for their work

Audience’ has to know: The administrations offered by the counseling firm and the value charged by them

8 0

3 years ago