This is an example of product differentiation. There are many brands and companies, and each of them fight for the best price while making the best profit. The products are similar, but the only difference are the pricing of the product.
Answer:
<em>Hamburgers = 27</em>
<em>Sodas = 93</em>
Explanation:
Let x = Hamburgers
y= Sodas
Now form a system of equation aX + bY = C
where
a= 1.75 = coefficient of variable X
b= 0.75 = coefficient of variable Y
C= 117.50
Put these values in above equation
1.75x + 0.75y = 117.50 . . . . . (1)
Since I sold total of 120 hamburgers and sodas, we can write
x + y = 120 . . . . . (2)
or y = 120 - x ....... put this value in eq.1
1.75x + 0.75( 120 - x ) = 117.50
1.75x + 90 - 0.75x = 117.50
90 + x = 117.50
x = 117.50 - 90
x = 27 .......... put this in equation 2
x + y = 120
27 + y = 120
y = 120 - 27
y = 93
Answer:
$6,900 to preference shareholders
Explanation:
The computation of the amount of dividends paid to preferred and common shareholders in Year 2 is shown below:
The Preference dividend is
= 8,050 shares × $10 × 5%
= $4,025
And, since the preference dividend is cumulative plus the in year 1 there is no dividend paid and in year 2 the dividend amount given is $6,900
But the total value is
= $4,025 + $4,025
= $8,050
So the total amount i.e $6,900 is paid to preferred shareholders only
Answer: A. Raul could gain access to cheaper raw materials in a foreign country, thus lowering the cost of his input factors.
Explanation:
Being able to produce goods at a lower cost is a good thing for a business because it means that the business can be able to sell at a lower price and therefore get more customers and increase overall profitability.
If Raul could access materials from a foreign company at a cheaper rate, this would be advantageous because his company can produce at a lower price and increase profitability.
Answer:
Petty Cash is debited for $200; Cash is credited for $200
Explanation:
Based on the information given in a situation were they decided to create a petty cash fund in which it was estimated that the amount of $200 would be needed in the petty cash fund which means that the correct journal entry to create the account is to DEBIT Petty Cash with the amount of $200 and to CREDIT Cash with the amount of $200.
Petty Cash is debited for $200
Cash is credited for $200
