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2 years ago

A decrease in the price of toothpaste in a tube can lead to a decrease in the purchase of toothpaste in a pump. This means:

Business

1 answer:

Fittoniya [83]2 years ago

5 0

Answer:

They are complementary goods

Explanation:

Complementary goods are goods that are typically purchased together. For example: a bicycle and a helmet, a book and a bookmark, a pillow and a pillowcase, etc. Whatever happens to one good will typically end up happening to the other. If one becomes more expensive, the other typically will as well, and so on.

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A share of stock in the Bree Medical Supply Company is quoted at 351/4. Suppose you hold 20 shares of that stock, which you boug

pentagon [3]

Answer:

B. You made a profit of $75.00

Explanation:

shares x ( sale - buy)

20 shares x ( 35 & 1/4 - 31 & 1/2)

20 x (35.25-31.5)

20 x 3.75 = 75

The difference between purchase and sale price is positive, so eahc share yields a gain of $3.75

We multiply this by the amount of shares to determiante the gain

6 0

3 years ago

Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri

Mnenie [13.5K]

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

8 0

3 years ago

Jasper Company provided the following information for last year:

sdas [7]

Answer:

Explanation:

1. Jasper Company

Income Statement

Sales (280000 x $12) $3360000

Less: Cost of goods sold

Add: Direct Material $180000

Add: Direct Labor $505000

Add: Manufacturing Overhead $110000

Cost of goods sold ($795000)

Gross Profit $ 2565000

Less: Expenses

Selling expense $437000

Administrative expense $854000

Total expenses ($1291000)

Net income $1274000

Percentage of sales for each line item

Sales = 100%

Cost of goods sold: $\frac{795000}{3360000}$ x 100= 23.7%

Selling expense : $\frac{437000}{3360000}$ x 100 = 13%

Administrative expense: $\frac{854000}{3360000}$ x 100 = 25.4 %

2. According to the income statement in requirement 1, the manager can control cost by outsourcing the product if it is cheaper to get it from a third party in order to cut/control cost of goods sold.

Manager can also try controlling the administrative expenses as they are taking a bigger proportion than any other cost/ expense.

7 0

2 years ago

Which of the following accounts will give u the least access to your money

FrozenT [24]

What are the options?

6 0

3 years ago

Read 2 more answers

You're trying to save to buy a new $199,000 Ferrari. You have $49,000 today that can be invested at your bank. The bank pays 5.7

Gelneren [198K]

Answer:

It will take 25.28 year to have enough to buy the car ( ignoring Inflation effect)

Explanation:

Current Deposit = PV = $49,000

Future Value = FV = $199,000

Interest Rate = r = 5.7%

Use following Formula

FV = PV ( 1 + r )^n

$199,000 = $49,000 ( 1 + 0.057 )^n

$199,000 / $49,000 = ( 1 + 0.057 )^n

4.06 = 1.057^n

Log 4.06 = n log 1.057

n = log 4.06 / log 1.057

n = 25.28

it requires 25.28 year to have an amount to buy the Ferrari.

6 0

2 years ago