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1 year ago

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Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand

ed increases from 600 to 800. Using the midpoint method, the price elasticity of demand for frozen chicken nuggets in the given price range is

1 answer:

insens350 [35]1 year ago

6 0

Answer:

17

Explanation:

I believe this, but I don't really know. Sorry.

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Oriole, Inc. currently manufactures a wicket as its main product. The costs per unit are as follows: Direct materials and direct

algol13

Answer:

Oriole should buy the wickets.

Explanation:

The variable cost of producing wickets is $22/unit.

The fixed cost of production is $8/unit.

The total cost of producing wickets is $30/unit.

Saran company offers to sell 4900 units of wickets at $24.

If wickets are purchased it will cost $24/unit.

Since cost is lower when buying, Oriole should buy wickets.

3 0

2 years ago

Emma Clumsy, the insured, makes a contract with Rest in Peace Insurance Company, the insurer, whereby Emma will pay quarterly pr

masya89 [10]

Answer:

Henry is the intended beneficiary of the insurance policy and as such, he is bound to the time limitations and all the other clauses included in the contract.

Explanation:

Intended beneficiaries are third parties that can benefit from a contract. Third parties are not part of the contract and may not even know that they were included as beneficiaries in it, but they are bound by all the legal clauses included in the contract. They must be included in the contract and all the benefits they might obtain have to be explicitly established.

5 0

2 years ago

Pacific Ink had a beginning work-in-process inventory of $861,960 on October 1. Of this amount, $351,920 was the cost of direct

andrew11 [14]

Answer:

Cost of goods transferred out (FIFO) = $ 6122589.82

Cost of Ending Inventory = $ 939,470.18

Explanation:

Units % of Completion EUP

D.M C.C D.M C.C

Units completed 114,000 100 100 114,000 114,000

Ending Inventory 36,000 80 40 28,800 14400

Total Equivalent Units Of Production 142,800 128,400

Direct Materials= $ $2,721,900/142,800 = $ 19.0761

Conversion Costs = $3,478,200/ 128,400= $ 27.089

Cost of Ending Inventory = $549,391.68 + $390,078.5= $ 939,470.18

Materials = $ 19.0761* 28,800 = $549,391.68

Conversion Costs =$ 27.089 *14400 = $390,078.5

Beginning work-in-process inventory Costs $861,960

Costs incurred During the period= $2,721,900 + $3,478,200= $ 6200100

Cost of goods transferred out = Beg Inventory + Units Started- Ending Inv

Cost of goods transferred out =$861,960 + $ 6200100-$ 939,470.18

Cost of goods transferred out = $ 6122589.82

8 0

2 years ago

Cody Barnett enjoys several advantages as a Sonic franchisee. Which of the following is NOT an advantage of franchising?

Alenkasestr [34]

<u>Option E is correct. The management regulation is not an advantage of franchising.</u>

Further Explanation:

Franchise: Franchising is a form of business where the franchisor (who has an established brand name) gives the right to the franchisee to use its trademark, products, services, and also provide training and assistance for operating the business. The advantages of the franchising are:

• Marketing and Management assistance: The training is provided by the franchisor to the franchisee on how to carry on the business and also provide marketing assistance.

• Personal ownership: The franchisee is the owner of the business in the territory of which is he /she purchased the rights. He pays the royalty for the right purchased

• Nationally recognized name: The franchisor's business usually has a global presence, so it is nationally recognized.

• Financial advice and assistance: The franchisor provides financial assistance and advice to the franchisee so that the business can maintain its brand name.

• Lower failure rates: Since the franchise has a global presence and brand position, so chance of failure is lower.

<u>Therefore, the management regulation is not a benefit of franchising because the franchisee cannot change the way management is being done, although the business is owned by the franchisee. </u>

Learn more:

1. Learn more about the management resource activity

brainly.com/question/10700933

2. Learn more about the management charactistics

brainly.com/question/10649225

3. Learn more about customer relationship management

brainly.com/question/6657146

Answer details:

Grade: High School

Subject: Business

Chapter: International business

Keywords: Cody Barnett, Sonic franchise, management assistance, personal ownership, lower failure rate, management regulation, nationally recognized name.

7 0

2 years ago

Read 2 more answers

A customer buys a $1,000 par reverse convertible note with a 1 year maturity and a 6% coupon rate. At the time of purchase, the

USPshnik [31]

Answer:

As the knock-in was reach, it will receive the original investment plus the coupon yield: 1,060

Explanation:

<u>At maturity</u>

Because the knock-in was achieved, the customer can pick to recieve stock or cash

when the contract was made, the stock price was 50 so 1,000 are equivalent to:

1,000 / 50 = 20 shares

we multiply this by the market price.

20 x 25 = 500

between 500 in stocks and 1,000 in cash it will prefer 1,000

Then, the interest will be:

1,000 x 6% = 60

3 0

1 year ago