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2 years ago

Which of the following prices is most elastic?

1 answer:

5 0

An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand. The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).

Answer: A. the price of dairy products

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Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. Du

Kobotan [32]

Answer:

The cost per equivalent unit for conversion costs in the mixing department is $ 14.19

Explanation:

Step 1 Calculate the Number of Units Completed

Hint: Units input in process must equal units out of the process

Therefore Units Completed = 4,000 units+8,000 units - 2,500 units

= 9,500 units

Step 2 Calculate the total conversion cost in the process for the period

Hint : Conversion costs in Opening Work In Progress + Conversion Costs Started during the Process

Therefore:

Opening Work In Progress $55,000

Add Started during the Process $92,000

Total Conversion Costs $149,000

Step 3 Calculate total Equivalent Units related to Conversion Costs

Completed Units - 100% 9,500

Closing Work in Progress - 40% 1,000

Total 10,500

Step 4 The cost per equivalent unit for conversion costs in the mixing department

cost per equivalent unit for conversion costs= total conversion cost/ total Equivalent Units

= $149,000/ 10,500

= $ 14.19

6 0

2 years ago

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno

raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to $\dfrac{1}{0.85}$ due to the stress that causes the failure (strength) is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load must be reduced to $\dfrac{1}{1.1}$ because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to $\dfrac{1}{0.95}$ because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

$\sigma' = \dfrac{P'}{A'}$

where,

$\sigma =$ stress

P = load

A = cross-sectional area of the cylinder

∴

$\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}$

replacing P' with $\dfrac{1}{1.1}P$ and d' with $\dfrac{1}{0.95}d$ , we have:

$\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }$

$\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }$

$\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }$

$\sigma' =\sigma \times 0.82045$

$\dfrac{\sigma' }{\sigma } =0.82045$

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

$n_d = \dfrac{loss \ of \ function \ parameter }{maximum \ allowable \ parameter}$

where;

the design factor = $n_d$

$n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}$

the design factor $n_d$ = 1.434.

Thus, the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0

2 years ago

On January 1, 20X9, Pitcher Corporation purchased 100 percent of Softball's stock. All tangible assets had a remaining economic

mina [271]

Answer:

The question is not complete,find attached complete question in word document.

Find all the journal entries in the attached spreadsheet

Explanation:

Please note the following points:

The goodwill is the excess of purchase consideration of $ 476,500.00 over the net assets of Softball acquired,that is $ 318,000.00

The net assets is total assets acquired of $374,000 minus the liabilities taken over of $56000

Equity method income is the difference between Softball's net income reported and the dividends paid

Download docx

docx

xlsx

5 0

2 years ago

Feldspar Inc. is considering the capital structure for a new division. Management has been given the following cost information:

34kurt

Answer:

Option 4

Explanation:

In this question ,we have to compute the WACC which is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of common stock) × (cost of common stock)

For Option 1, it would be

= (0.3 × 10%) × ( 1 - 40%) + (0.7 × 12.5%)

= 1.8% + 8.75%

= 10.55%

For Option 2, it would be

= (0.4 × 10.5%) × ( 1 - 40%) + (0.6 × 13%)

= 2.52% + 7.8%

= 10.32%

For Option 3, it would be

= (0.5 × 11%) × ( 1 - 40%) + (0.5 × 13.5%)

= 3.3% + 6.75%

= 10.05%

For Option 4, it would be

= (0.6 × 11.7%) × ( 1 - 40%) + (0.4 × 14.2%)

= 4.212% + 5.68%

= 9.89%

For Option 5, it would be

= (0.7 × 13%) × ( 1 - 40%) + (0.3 × 15.5%)

= 5.46% + 4.65%

= 10.11%

So based on this, the management should accept option 4 as it derives the best debt asset ratio

The weightage of equity would be come

= 1 - weightage of debt

8 0

2 years ago

Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of

ludmilkaskok [199]

Answer:

Decrease by $132,100

Explanation:

Computation of the given data are as follow:-

We can calculate the Operating Income by using following formula:-

Fixed Cost = Fixed Cost * Dropped Rate

= $193,000 * 30/100

= $57,900

So, Operating Income = Sales - Variable Cost - Fixed Cost

= $,1050,000 - $860,000 - $57,900

= $132,100

According to the Analysis, the operating income will be decrease by $132,100 if the business segment is eliminated.

8 0

2 years ago