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2 years ago

Which conclusion does this graph most support?

Business

1 answer:

ahrayia [7]2 years ago

5 0

Answer:

C. Product A has more elastic demand than product B.

Explanation:

The graph plotted above shows the quantity demanded for 2 products in relation to their prices.

Looking at the graph, we visually conclude that product A is more responsive to a change in price, compared to how responsive product B is to a change in price.

Invariably, a change in the price of commodity A causes a greater change in the quantity demanded, compared to a change in quantity demanded for product B, with almost the same change in price.

Option C is the answer.

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A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit

Darina [25.2K]

Answer:

Total overhead $

Indirect material ($0.5 x 200,000 units) = 100,000

Utilities ($0.25 x 200,000 units) = 50,000

Supervisory salaries = 60,000

Building rent = 80,000

Total overhead 290,000

Overhead rate = Budgeted overhead

Budgeted direct labour hours

= $290,000

100,000 hours

= $2.90 per direct labour hour

Explanation:

In this case, we need to obtain the total overhead, which is the total of indirect material, utilities, supervisory salaries and building rent.

Then, we will divide the total overhead by direct labour hours so as to determine the overhead rate.

8 0

1 year ago

A supermarket expects to sell 1000 boxes of sugar in a year. Each box costs $2, and there is a fixed delivery charge of $20 per

Strike441 [17]

Answer:

Order size = 200 units

Number of order = 5 times

Explanation:

The number of order per year will be equal to the Annual demand divided by the EOQ.

No of orders = Annual Demand / EOQ

Economic order quantity (EOQ)

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √(2× Co× D)/Ch

Ch- Carrying cost per unit per annum- $1

Co- Ordering cost per order -20

EOQ =√(2× 20× 1000)/1

= 200 units

Order size = 200 units

Number of order = 1000/200 = 5 times

4 0

2 years ago

A.J. and April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA cou

Doss [256]

Answer:

5) about two out of three small firms close within five years of their founding.

Explanation:

A prefer to use statistics in a positive way an disclose not the failure rates of small businesses (which are really high), but instead focus on the success rate.

from the total original amount (100%)

80% of small businesses survive their first year of operations
70% of small businesses survive their second year of operations
between 40-50% of small businesses survive their fifth year of operations
only 30% survive their tenth year

6 0

1 year ago

Beth saves $2,500 a year from age 25 until age 34 (inclusive) and invests the money in an account earning ten percent annually.

agasfer [191]

Answer:

False

Bill will have less than Beth

Explanation:

let us compare the amounts accumulated by the two individuals at age 65 to see which is more.

Money accumulated by Bill at age 65:

Since bill saves $2500 a year for 30 years, amount saved at the end of 30 years = 2500 X 30 = $75000.

Money accumulated by Beth at age 65:

Beth saves $2,500 a year from age 25 until age 34: Amount saved = 2500 X 9 = $22500

Invests the money in an account earning ten percent annually for 31 years.

Assuming it was at a simple interest rate,

The interest at the end of the 31st year will be:

$Interest = \frac{P\times R\times Time}{100}= \frac{22500\times 10\times 31}{100}= 69,750$

Therefore total amount at age 65 = $22, 500 + 69750 = $92,250.

∴ This shows that Bill will have less money than Beth. Primarily due to the fact that he started investing at a lot later time than Beth.

7 0

1 year ago

Read 2 more answers

List and describe the three communities of interest that engage in an organization’s efforts to solve InfoSec problems. Give two

USPshnik [31]

Answer:

List Of Communities Interest that engage in an organization's effort.

1) Information Security Community

2) Information Technology Community

3) General Business Community

Explanation:

1) Information Security Community: This community protects the organization information assets from many threats they face. Example: This community comprises of the IT Professionals, Chief information security officer, and managers who bear the responsibility to secure the information.

2) Information Technology Community: This community supports the business objectives of the organization by supplying and supporting IT that is appropriate to the organization needs. Examples: IT Professionals, Chief information officer, and managers who acts as providers of information technologies.

3) General Business Community: This community articulates and communicates organizational policy and objectives and allocates resources to the other group. This community includes: Non-IT Professionals, Users and Managers.

5 0

2 years ago