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2 years ago

4. If a decrease in the price of one product results in an increase in demand for another product, then the product is:

Business

1 answer:

torisob [31]2 years ago

4 0

Answer:

Substitute goods

Explanation:

Substitutes goods are products that can be used in place of one another. Consumers will be happy consuming either of the substitute goods. Therefore, substitute goods are similar and offer solutions to similar customer problems. Examples of substitute goods are tea and coffee.

If the price of one substitute good decreases, its demand will rise. Customers will prefer consuming that product over its substitutes due to its lower prices. The demand for other substitute goods will decrease as customers prefer the more affordable options.

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Concord Corporation produces 5000 units of part A12E. The following costs were incurred for that level of production: Direct mat

mart [117]

Answer:

b. $85,000

Explanation:

First, we should prepare the analysis of cost savings if the company buys outside.

Analysis of cost and savings

Purchase (5,000 units × $68) = ($340,000)

Savings

Variable cost = $80,000

Fixed cost = $175,000

Net income effect

($85,000)

The effect is a decrease in net income by $85,000.

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2 years ago

The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs include

nikklg [1K]

Answer:

Check the explanation

Explanation:

The above question is based on a non-linear programming model, to answer this question, there will be a need to determine the optimal order quantities of the three different Ferns with diverse values of annual demand, item cost as well as order cost objective of the non-linear programming model is to minimize the overall annual cost.

Step 1: Setup a spreadsheet on Excel, as shown in the first and second attached images below:

Note: The values of quantities of the three items is kept as 1 to for the calculations of total cost.

The Solver dialogue box will appear. Enter the decision variables, objective function and the constraints, as shown in the third attached image below:

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2 years ago

A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity fa

Nat2105 [25]

Answer: $8,391.90

Explanation:

So the company borrowed $40,000 from a bank.

They are to pay 7% interest on the note per year for 6 years.

We are to find the annual payments.

7% represents a constant payment schedule per year so we can use an Annuity formula.

Seeing as the Annuity factor has been calculated for us already we don't need to formula though.

The present value of an annuity factor for 6 years at 7% is 4.7665.

Calculating the present value of the annual payment can be done as follows,

= Amount / PVIFA (Present Value Interest Factor for an Annuity)

= 40,000/4.7665

= 8391.90181475

= $8,391.90

The annual payments equal $8,391.90.

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2 years ago

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svlad2 [7]

File form 6239 for a reduced rate.

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2 years ago

HOW DO I GET A GIRL TO LIKE ME HURRY BEFORE THE QUESTION GETS DELETED

antiseptic1488 [7]

Answer:

Tell her that it will take a very long time

Explanation:

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1 year ago