The independent variable is the one being manipulated (or changed) in order to study the effects. In this case the independent variable is the $5 price change.
Answer:
Gross Profit is $9552
Explanation:
Given data
sold = $12000
cost of goods = $3840
returns = $4800
to find out
gross profit
solution
we apply here gross profit formula that is
Cost of goods = Cost of goods - ( Return amount × Cost of goods sold / sale ) .....................1
Cost of goods = 3840 - ( 4800 × 3480/ 12000)
Cost of goods = 2448
gross profit
Gross Profit = Sales - Cost of Goods Sold
Gross Profit = 12000 - 2448
Gross Profit is $9552
Answer:
a. It will increase.
b. It will decrease
c. It will decrease
d. it will increase.
Explanation:
If the price of an input needed for production of good X decreases, the cost of production of good X reduces. It becomes cheaper to produce good X and and as a result the supply of good X would increase.
An increase in tax increases the cost of production and makes production of good X more expensive. As a result, the supply of good X would fall.
technological change that reduces the cost of producing additional units of good X, would make the production of good X less expensive. As a result, the supply of good X would increase
Answer:
1.2
Explanation:
current ratio = current assets / current liabilities
- current assets = cash ($5,000) + accounts receivable ($15,000) + inventory ($40,000) + prepaid insurance ($3,000) = $63,000
- current liabilities = accounts payable ($15,000) + notes payable in 5 months ($12,500) + salaries payable ($25,000) = $52,500
current ratio = $63,000 / $52,500 = 1.2
Answer:
$32,647
Explanation:
P=R(1-(1+i)^-n)/i
Where P=$140,000
R=?
i=14%
n=7 years
by putting above values in formula, we get
140,000=R (1-(1+.14)^-7)/.14
$140,000=R4.288
R=$140,000/4.288
R=$32,647
