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2 years ago

Why does prices rise when the demand of a product is high?

Business

1 answer:

scoray [572]2 years ago

3 0

Answer:

Well its all about money it runs our world our lifes (no money no life) it sucks that the nice people are not known like that but the rich ones who are mean are love/d? but there are some rich people who are nice and we lov/e them like mr beast nice guy pretty rich and nice dude to hang out with.but yes money makes people do dum/b things like prices because of greed.

Explanation:

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ikadub [295]

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3 years ago

________ tests are used in order to determine whether an ad or commercial conveys the meaning intended.

mafiozo [28]

The test, which is used to determine whether an ad or commercial conveys the meaning intended, which is called day-after recall.

Ad which is known as the advertisement is referred to the activity which grasp the attention of the customers and stimulates them to purchase the goods and services.

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2 years ago

The present value interest factor for an annuity with an interest rate of 8 percent per year over 20 years is ____.

lianna [129]

The present value factor of an annuity that will mature in 20 years at an interest rate of 8% is 9.8181474.

<h3>What is the present value interest factor?</h3>

It can be found by using the present value of an annuity formula of:

= Amount x ( 1 - ( 1 + rate) ^ - number of periods) / Rate

As there is no amount, solving gives:

= ( 1 - ( 1 + 8%) ⁻²⁰) / 8%

= 9.8181474

In conclusion, it is 9.8181474.

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8 0

3 years ago

Financing, market research, risk-taking, and other services are considered to be ________ functions.

Artyom0805 [142]

Answer:

Facilitating functions

Explanation:

Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.

They do not involve direct exchange of title of products or physical handing of goods.

For example the activities of marketers of a product results in easy sale of the product by the manufacturer.

Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother

7 0

3 years ago

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa

katrin [286]

Answer:

Plantwide Overhead Rate $ 213.61 per hour

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211= $ 1153494

Total Cost per unit Model 145 696.29 Model 212 $406.56

Explanation:

Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Process Activity Overhead Cost Driver Quantity

Components Changeover $ 459,500 Number of batches 810

$ 459,500/810= $567.28 per batch

Machining 301,600 Machine hours 7,680

301,600/ 7,680 = $ 39.27

Setups 227,500 Number of setups 80

227,500 /80=2843.75 per set up

$ 459,500 +301,600 +227,500 =$ 988,600

Finishing Welding $ 180,500 Welding hours 4,900

$ 180,500/ 4,900= $ 36.84 per welding hour

Inspecting 222,000 Number of inspections 815

222,000/815 = $ 272.39 per number of inspections

Rework 60,700 Rework orders 230

60,700 /230 = 263.91 per rework order

$ 180,500+ 222,000+ 60,700 =$ 463,200

Support Purchasing $ 135,500 Purchase orders 525

$ 135,500 / 525 = $ 258.10 per purchase order

Providing space 31,550 Number of units 4,800

31,550/4800= $ 6.57 per number of unit

Providing utilities 60,110 Number of units 4,800

60,110 / 4800= $ 12.53

$ 135,500+ 31,550+60,110 =$ 227,160

Additional production information concerning its two product lines follows.

Model 145 Model 212

Units produced 1,600 3,200

Welding hours 2,000 2,900

Batches 405 405

Number of inspections 485 330

Machine hours 2,280 5,400

Setups 40 40

Rework orders 130 100

Purchase orders 350 175

1)Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Adding the Estimated Sub Totals we get

Total Estimated Overhead=$ 988,600 + $ 463,200 + $ 227,160

Total Estimated Overhead= $ 1678960

No of Machine Hours= 7860 (given)

Plantwide Overhead Rate =$ 1678960/7860= 213.608= $ 213.61 per hour

Overhead Cost Model 145=$ 213.61 per hour* 2,280 hours

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211=$ 213.61 per hour* 5400 hours= $ 1153494

2) Model 145 Model 212.

Direct Materials $ 130

Direct Labor $200

Overhead Costs $567.28* 405 $567.28*405

= 229784.4 = 229784.4

$ 39.27*2280 $ 39.27*5400

= 89535.6 =212058

2843.75*40 2843.75* 40

=113750 =113750

Subtotal 433070 555592.4

$ 36.84*2000 $ 36.84 *2900

=73680 i = 106836

$ 272.39* 485 $ 272.39* 330

=132109.5 ii = 89888.7

263.91*130 263.91 *100

=34308.3 iii =26391

Subtotal i+ii+iii= 240097.8 223115.7

$ 258.10*350 $ 258.10*175

=90335 i = 45167.5 a

$ 6.57 *1600 $ 6.57 *3200

= 10512 ii =21024 b

$ 12.53 *1600 $ 12.53 *3200

=20048 iii 40096 c

Subtotal i+ii+iii= 120895 a+b+c = 106287.5

Total Overhead 794062.8 884995.6

No of Units 1600 3200

Total Overhead Cost Per Unit 496.29 276.56

Direct Labor $200

Direct Materials $130

Total Cost per unit 696.29 $406.56

3 0

3 years ago