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2 years ago

El Centro Company began the year with owner's equity of $30000. During the year, El Centro received additional owner

Business

1 answer:

a_sh-v [17]2 years ago

5 0

Answer:

$168,000

Explanation:

Equity = Assets - liabilities.

In the case of El Centro, the increase in equity will be a result of profits or losses realized in the year. Since equity increased to $112,000, then revenue for the period will be determined as follows.

$112,000 = (30,000 + 42,000)( equity) + revenue -( 120,000+ 8,000) expenses

$112,000 = $72,000 + revenue - $128,000

$112,000 = -56,000 + revenue

Revenue = 112,000 + 56,000

Revenue =$168,000

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During a recent 30-day period, the Squish restaurant sold 600 Ocean Delights at a price of $6.45. During the next 30-day period,

GREYUIT [131]

Answer:

-4.3; inelastic

Explanation:

Initial price = $6.45

Initial quantity demanded = 600

New price = $6.95

New quantity demanded = 400

Percentage change in Quantity demanded:

= (Change in quantity demanded ÷ Initial quantity demanded) × 100

= [(400 - 600) ÷ 600] × 100

= (-200 ÷ 600) × 100

= 0.3333 × 100

= -33.33%

Percentage change in price:

= (Change in price ÷ Initial price) × 100

= [($6.95 - $6.45) ÷ $6.45] × 100

= ($0.5 ÷ $6.45) × 100

= 0.0775 × 100

= 7.75%

Therefore, the price elasticity of demand is as follows:

= Percentage change in quantity demanded ÷ Percentage change in price

= -33.33 ÷ 7.75

= -4.3

Hence, the price elasticity of demand is inelastic.

8 0

2 years ago

Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-

Sindrei [870]

Sales = $12,000,000

Inventory Turnover ratio (old) = 3
Inventory Turnover ratio (new) = 7.5
Freed up Cash = ?
So, let’s find out the freed up cash
 We know level of inventory are calculated as follows;
Inventory = Sales Inventory turnover ratio
Calculating $ value of old inventory
 Inventory Old=$12,000.0003
 =$7.5,000,000
 Calculating $ value of New inventory
 Inventory New=$12,000,0075
 =$3,000,000
 The freed up cash would be=Old Inventory – New Inventory
 =$7.5,000,000 - $3,000,000
=$4.5,000,000

6 0

2 years ago

Read 2 more answers

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm\'s cost data has bee

Wittaler [7]

Solution:

Q MC FC VC TC AFC AVC ATC

0 NA 50 0 50 NA NA NA

1 50 50 50 105 50 50 105

2 19 50 64 104 20 32 52

3 85 40 149 189 13.33 49.67 63.00

4 223 40 372 412 10 93 103

TC=FC+VC

FC=40

VC=TC-FC

MC=change in TC

AFC=FC/Q

AVC=VC/0

ATC=TC/0

a) TC when 0=0 = 40 because FC = 40 remains constant and the firm still incurs a total cost equal to its FC when it produces zero output.

b) MC for first unit = 45

c) ATC of 3rd unit = 63

d) AVC for 4th unit = 93

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2 years ago

Enlightened marketing calls for building long-run consumer engagement, loyalty, and relationships by continually improving the b

VMariaS [17]

Answer:

A) customer value marketing

Explanation:

Customer value refers to the value that our customers assign to the products or services that our company sells them. In other words, is the cost of our product or service offset by the benefits that we receive from consuming it. As long as the equation is always favorable to our side, i.e. perceived benefits > cost of our product, our customers will continue to purchase our products or services.

Customer value marketing tries to continuously increase the customers' perceived benefits, therefore always keeping the equation favorable to our side.

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2 years ago

Maria is a spare parts manager with Torque Engines Industries. She collects the sales data for different engine parts and integr

algol13

Answer:

Explanation:

Diverger is one of Kolb's theory of learning where the learner relies on a wide experience and detailed observation in order to extract useful information towards decision making,

This style of learning entails gathering of related evidences from different sources in order to get a bigger picture of a particular situation, as he believes he will get an in depth analysis of situation through that.

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2 years ago