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Alexxandr [17]
3 years ago
13

Wendy has a monopoly in the retailing of motor homes. She can sell five per week at $21,000 each. If she wants to sell six, she

must charge $20,000 each. The quantity effect of selling the sixth motor home is:Choose one answer.
a. $21,000.
b. $15,000.
c. $10,000.
d. $20,000.
Business
1 answer:
Ilia_Sergeevich [38]3 years ago
3 0

Answer:

The correct option is option d, $20,000.

Explanation:

As she has to sell all the six, she has to charge each house for $20,000. This indicates that the quantity effect of selling the sixth motor home is given as

the cost of the sixth house which is $20,000 so the correct answer is $20,000.

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tangare [24]

Answer: The benefits of giving are not only reaped by the gift receivers, but also by the giver themselves in terms of their health and happiness.

Explanation: I hope that helped.

8 0
3 years ago
Oriole Inc. reported total assets of $2407000 and net income of $324000 for the current year. Oriole determined that inventory w
swat32

Answer:

Total Asset $2,381,500

Net income $298,500

Explanation:

Overstated Inventory Leads to the overstatement of Total Assets value and Net Income. Ending Inventory Value is added in the total asset balance, overstatement in ending inventory causes overstatement in total assets.

The Ending Inventory is also used in the calculation of Cost of Goods sold. Overstated Inventory will cause understatement in Cost of Goods sold and overstatement in Net Income.

To rectify its effect we will deduct the overstated value of Inventory from Total Asset balance and Net Income value.

Total Asset = $2,407,000 - $25,500 = $2,381,500

Net Income = $324,000 - $25,500 = $298,500

4 0
3 years ago
A company's product sells at $12.26 per unit and has a $5.39 per unit variable cost. The company's total fixed costs are $96,700
Delvig [45]

Answer:

$6.87

Explanation:

Calculation for what The contribution margin per unit is:

Selling price per unit $12.26

LessVariable cost per unit ($5.39)

Contribution margin per unit $ 6.87

($12.26-$5.39)

Therefore The contribution margin per unit is: $6.87

7 0
3 years ago
May 23 Cash 22,000 Common Stock 22,000 This journal entry will
Yuri [45]

Answer:

The Journal entry will Increase cash and as well Increase Common stock

Explanation:

Based on the information given where we have Cash of the amount of $22,000 and Common Stock of the amount $22,000 on May 23 this means that the journal entry will Increase cash and as well Increase Common stock. And since cash is an asset this mean that it will increased by debit While Common stock will increased by Credit becauee Common stock is a Capital .

4 0
3 years ago
1. Economic growth results from a/an A. decrease in quality of resources. B. decrease in quantity of resources. C. increase in c
Sonja [21]

Answer:

D. increase in volume of innovations.

Explanation:

7 0
2 years ago
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