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mars1129 [50]
2 years ago
13

The aggregate demand curve slopes downward indicating that

Business
1 answer:
Likurg_2 [28]2 years ago
4 0

Answer: Diminishing marginal utility.

Explanation: The demand curve tends to slopes downward because of diminishing marginal utility and it also slopes downwards because of the substitution and income effects.

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R. L. Ybarra employs John Ince at a salary of $53,000 a year. Ybarra is subject to employer Social Security taxes at a rate of 6
masya89 [10]

Answer: $57488.50

Explanation:

The total cost to Ybarra of employing Ince for the year will be calculated thus:

Gross Salary = $53,000

Add: Social security tax = $53000 × 6.2% = $3286

Add: Medicare tax = $53000 × 1.45% = $768.50

Add: SUTA tax = $7000 × 5.4% = $378

Add: FUTA tax = $7000 × 0.8% = $56

Total cost to Ybarra of employing Ince will be $57488.50

4 0
2 years ago
Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ g
Brrunno [24]

The firm is not engaging in international trade is True.

(B) The firm is using a regional approach to international expansion.

<u>Explanation:</u>

When a company wants it's business to grow and expand in a new country it uses the regional approach. It is generally used when the company is quite established and it has a nice foothold in the country.

In the regional approach the business is first set up in the country and when it gains power it starts spreading across the borders to get a region as a whole.

4 0
2 years ago
Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturin
Soloha48 [4]

Answer:

c. credit to Manufacturing Overhead of $92,000

Explanation:

Applied Manufacturing overhead was $92,000

So, The journal entry to record this will be,

                                                Dr.          Cr.

Work in Process of            $92,000

Manufacturing Overhead                 $92,000

So, manufacturing overhead account is credited with the value of $92,000.

8 0
2 years ago
Read 2 more answers
Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming year. Variable cost is 35% of the sales price; con
Maksim231197 [3]

Answer:

=$246,000

Explanation:

Intended sales 3500 units

Selling price =$60

variable costs 35% of sales price is 35/100 x 60= $21

Contribution margin is 65% of sales price = 65/100 x 60 = $39

Fixed costs =$78,000

Sales revenue to make $81,900 will be

operating income = total contribution margin -Fixed costs

$81,900 = TCM - $78,000

TCM = $81,900 +78,000

TCM= 159,900

TCM is a product of contribution margins and sales units

159,900 =$39 x sales units

sales units = 159,000/ $39

sales units = 4,100

sales revenue = sales units x selling price

=$60 X 4100

=$246,000

4 0
2 years ago
Fixed vs Variable cost preference. Bates operates a kiosk at a local mall, selling duck calls for $30 each. The variable cost to
GuDViN [60]

Answer:

Option 2 should be selected

Explanation:

Using a rational approach which option most benefit and have a minimum cost. We will use the break-even level here to decide which option should be selected.

Option 1

Price per call = $30

Variable cost per call = $18

Contribution = Sales  - Variable cost = $30 - $18 = $12

Fixed Cost = $15,000

Break-even point = Fixed cost / Contribution per call = $15,000 / $12 = 1,250 calls

Option 2

Price per call = $30

Variable cost per call = $18 + ( $30 x 10% ) = $18 + $3 = $21

Contribution = Sales  - Variable cost = $30 - $21 = $9

Fixed Cost = $9,000

Break-even point = Fixed cost / Contribution per call = $9,000 / $9 = 1,000 calls

Difference  = 1,250 calls - 1,000 calls = 250 calls

Option 2  is better option because it take 250 less calls to reach at break-even in the month. It should be selected.

8 0
2 years ago
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