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Scorpion4ik [409]
2 years ago
9

Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal

l​ John, Anna is very rational. She realizes that the more she spends on her phone​ bill, the less money she has left to purchase other goods and services. Anna's demand schedule for phone call to John is given in the table below.
Price (per month) Quantity (Calls per month)
$18 20
14 24
10 28
6 32
2 36

Required:
Using the multipoint curve drawing tool, draw Anna's demand curve for phone calls given the demand schedule above. Properly label your curve.

Business
1 answer:
Andreas93 [3]2 years ago
8 0

Answer:

Kindly check attached picture for drawing of Anna demand curve

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3 0
2 years ago
During the month of May, direct labor cost totaled $13,230 and direct labor cost was 45% of prime cost. If total manufacturing c
Mama L [17]

Answer:

$38,970= allocated overhead

Explanation:

Giving the following information:

direct labor cost totaled $13,230

direct labor cost was 45% of prime cost.

The total manufacturing costs in May were $81,600.

The prime cost is calculated summing the direct material and direct labor cost.

<u>First, we need to calculate the direct material cost:</u>

Direct material= (13,230*100)/45= 29,400

Prime costs= 29,400 + 13,230= 42,630

Now, we can calculate the allocated overhead:

total manufacturing costs= direct materials + direct labor + allocated manufacturing overhead

81,600= 42,630 + allocated overhead

38,970= allocated overhead

8 0
2 years ago
Warren Cassell, owner of Just Books, a very small book store, makes special orders for customers at no extra charge, provides fr
Anna007 [38]

Answer:

Cassell is relying on Guerrilla Marketing strategy in this case.

Explanation:

Guerrilla Marketing:

It is a such type of marketing strategy in which we use non-traditional ways to accomplish our marketing goals. This unconventional way of marketing is directed towards developing an emotional between a business/organization and its customer.

Example:

The common example of guerrilla marketing is as follow:

A company named "XYZ" sells soft drink and they start a campaign in a public space in which they offer free drinks to the public. The people taste their soft drink for free and tell others about it.  

In our case, Warren Cassell use this strategy of marketing by offering them free gift-wrapping, free autographed copies of books etc so that the customer develop a very strong emotional bond with the book store. As a result, they will tell other people about her generosity and will help her to expand her business.    

5 0
2 years ago
Read 2 more answers
The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standa
Arlecino [84]

Answer:

Price variance will be $4512.5 ( Unfavorable )

Explanation:

We have given standard material cost per yard = $2

Actual material cost per yard = $2.10

Standard yards per unit = 4.5

And actual yards per unit = 4.75

Units of production = 9500

Total number of actual quantity used = 9500×4.75 = 45125

So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5

So price variance will be $4512.5 ( Unfavorable )

6 0
2 years ago
a) Terry wants to know the holding period return for a stock that he bought a year ago for $100 per share. The stock is now wort
USPshnik [31]

Answer:

holding period yield is 9.25%

Dividend yield is 0.25%

Capital gains yield is 9.00%

Explanation:

Holding period yield is the total return that accrues to an investment over a period which the investment is owned.

Holding period yield=(Current price-Initial price+dividend)/initial price

current price is $109

initial price is $100

dividend is $0.25

holding period yield =($109-$100+$0.25)/$100

                                  =9.25%

Dividend yield =dividend/initial price

                        =$0.25/$100

                        =0.25%

Capital gains yield=(Current price-initial price)/initial price

                              =($109-$100)?$100

                              =9.00%

Invariably holding period yield is the dividend yield plus capital gains yield.

6 0
2 years ago
Read 2 more answers
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