If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the contribution margin ratio?
Answers
If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, then the contribution margin ratio is 38%
Contribution Margin = Fixed Costs + Net Income.
ratio: Contribution Margin Ratio = (Net Sales Revenue -Variable Costs ) / (Sales Revenue)
The revenue of a company less all variable costs, divided by the revenue, is the contribution margin ratio (CM ratio). It is an illustration of the marginal gain from generating an extra unit. The percentage difference between a company's sales and variable costs is known as the contribution margin ratio. The available funding for covering fixed costs is indicated by this ratio. The contribution margin ratio is a formula that determines, in percentage terms, the contribution margin's proportion to net sales (defined as sales less variable cost or fixed cost).
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Related Questions
Which of the following is the amount of money the business has earned after paying income taxes?
O Sales figures
O Costs of goods sold
O Gross profit
O Net income
Answers
Answer:
Net income is the amount of money the business has earned after paying taxes
Research the consumer services industries in United States. Choose any one of the consumer services companies and write an essay of about 500 words on how a diverse economy such as the United States can satisfy the needs of its consumers. Consider different cultures and languages, services offered to lower socioeconomic populations, or services offered to disabled consumers or women. Also analyze the challenges faced by the consumer service industry.
Answers
During the recession and several years after, the housing sector suffered immeasurably. Businesses in the sector declared bankruptcy, unable to retain demand for their services. Fortunately, as demand for housing has slowly started to trend upward and consumer incomes have expanded, demand for home services has also recovered. The Landscaping Services industry is estimated to grow at an annualized rate of 1.3% to $70.6 billion in the five years to 2013. Operators in this industry are currently enjoying an estimated 6.0% profit margin and face a rosy outlook. Continuous recovery in the construction sector and in consumers’ wallets will underpin the industry’s forecast growth of 5.9% in the next five years.
If the elasticity of demand for spring break packages to cancun is -5 , and if you notice that this year in cancun the quantity of packages demanded increased by 10% , then what happened to the price of cancun vacation packages ?
Answers
Answer: Price reduced by 2%
Explanation:
The price elasticity of demand shows how the demand for a good will change as a result of a change in price. Demand will usually increase as a result of a decrease in price because people tend to demand more when goods are cheaper.
The formula is;
Price elasticity of demand = ΔQuantity demanded / Δ Price
-5 = 10% / P
-5P = 10%
ΔP = -2%
Which of the following scenarios is an example of setting an understandable performance goal?
Answers
Answer:
well there is no following but here's an example
Explanation:
by next month I want to beable to do 150 push-ups at a time
Establishing goals that will encourage worker acceptance is an example of setting an understandable performance goal. Thus, option B is correct.
What is performance goal?
Employees are required to achieve short-term set objectives. Employees can better comprehend what is wanted of them or about their roles when goals are defined for them. Additionally, it aids in the proper evaluation and direction of workers by employers.
Setting comprehensible performance goals is one example of creating objectives that will promote employee participation. Boost workplace communicative skills. Increase the workload and obligations at work.
This will help them to provide that the setting that was to be made will help the workers or the employers to help and generate a sense of self-confidence among themselves.
Therefore, option B is the correct option.
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a. holding employees accountable for goals they were involved in setting
b. establishing goals that will encourage worker acceptance
c. setting goals that are challenging and require effort
d. setting unspecified goals so that workers can establish their own measures
as a business within the company, hr has three product lines, one of which involves contributing to the company's strategy by understanding how hr can provide a competitive advantage. this is known as .
Answers
As the product lines involves contributing to the company's strategy by understanding how hr can provide a competitive advantage, this is known as being a strategic partner.
What is a strategic partner?These are partners involves in the sharing of resources to help all involved succeed. They are usually non-competing businesses and often share both the risks and rewards of the decisions of both companies.
Most time, the ultimate goal of the strategic partnership is to create value for each company by offering information, services and other resources that the other firm either has no access to or could only access through some form of financial exchange.
Therefore, this strategy is known as being a strategic partner.
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What are the basic forms of competition? Discuss
Answers
Answer:
Explanation:
La educación por competencias ha resurgido en todo el mundo con gran fuerza desde finales del siglo pasado. Las reformas del sistema educativo mexicano emprendidas en la última década y que comprenden todos los niveles tienen un elemento en común: un currículo con un enfoque basado en competencias. Al igual que en otros países, en México estamos viviendo una efervescencia por las competencias; no obstante, la confusión y la incertidumbre parecen ser el signo distintivo de estas reformas. Es cierto que el concepto de competencias es polisémico y complejo, que no existe una teoría unificada que sustente este enfoque y que carecemos de experiencia en la puesta en práctica de un currículo basado en competencias. Si a esto le sumamos la dificultad propia que entraña la evaluación del aprendizaje, diremos que las condiciones están puestas para que la ambigüedad y el desconcierto reinen en los centros educativos, tal como está sucediendo. Este artículo tiene como objetivo contribuir al debate teórico actual en torno a la evaluación de competencias, así como aportar algunos rudimentos de tipo metodológico que permitan a los profesores mejorar sus concepciones y prácticas de evaluación.
Palabras clave: educación por competencias, evaluación de competencias, currículo basado en competencias, aprendizaje por competencias.
Timothy has written market goals for his business. He wants to put them in action by
creating marketing strategies. Which of the following is not a key characteristic in
developing marketing strategies? Choose the answer.
expensive
scalable
targeted
data driven
Answers
Answer:
expensive
Explanation:
The correct answer is "expensive."This is not a key characteristic in developing marketing strategies.Marketing strategies should generally be designed to be cost-effective and provide a good return on investment.Other important characteristics of marketing strategies include being scalable, targeted, and data-driven.These characteristics help ensure that the strategies are effective and can be adapted to meet changing market conditions.baseball player alex rodriguez earned $20,000,000.00 in 2016. he played in 65 games. what was his salary per game to the nearest thousand dollars?
Answers
Alex Rodriguez salary per game by playing baseball will be equal to $3,076,923.
Calculation:
His total earning = $20,000,000
No of games played by him = 65
His salary per game of baseball = $20,000,000/65 = $3,076,923
A bat and ball game called baseball is played by two teams, each with nine players. Nine innings make up the entire game, during both of which teams' players alternate at bat, trying to advance round four bases to score runs. The team that has the most runs at the conclusion of the game wins. Each innings includes three out of for each team. Baseball's origins remain unknown. In the 14th century, baseball-like games were played in Russia and Associated parties (a region of Romania), and in the 1330s, monks throughout France became huge fans of the a similar game. The main goal of sports is to outdo your enemy's team in points scored in order to win the game.
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Answer:
$307,692.31
or if you need it rounded to the nearest thousand:
$308,000.00
Explanation:
20,000,000 divided by 65 = $307,692.31
Long-term follow-up studies investigating recovery from schizophrenia have found that ____.
Answers
50% of people with schizophrenia recover or improve to the point that they can work and live independently ten years following diagnosis. 25% are doing better, but they still require a large network of allies to get by. 15% are inferior.
When it comes to treating schizophrenia that is resistant to therapy, clozapine is the most effective antipsychotic. In contrast to the combined use of chlorpromazine and benztropine, which has a 4% efficacy rate, this medication has a 30% efficacy rate in regulating schizophrenia episodes in patients who are resistant to therapy.
Early diagnosis and treatment are essential to successful recovery. In general, a person with schizophrenia has a better chance of recovering the earlier they are properly identified and stabilized on a treatment plan.
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Why do lenders require collateral for a secured loan? (10 points)
A) It reduces risk to the lender
B)It eliminates interest charges
C) It reduces the cost of the financed good
D) It protects consumers from loss
Answers
Answer:
A) It reduces risk to the lender
Explanation:
Collateral refers to a valuable asset that a borrower offers to the lender to secure a loan. Typically, the collateral will have a higher market value than the loan amount. Asset mostly used as collateral include homes, properties, and motor vehicles. The lender will keep custody of the title documents until the borrower repays full amount borrowed.
Offering collateral for a loan indicates the borrower's willingness to repay the loan. The lender is assured of recovering their money. If the borrower defaults, the lender will dispose of the collateral to recover their money. This reduces the lender's risk.
Answer:
A) it reduces risk to the lender
Explanation:
I just took the quiz and got it right.
Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the Consumer Financial Protection Board’s school comparison tool and decides to input her numbers Qualifies for in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7. 9% How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be?
Answers
Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.
Megan, a resident of a San Jose suburb, is considering attending either San Jose State University or Santa Clara University. As she prefers living on campus rather than with her parents, Megan decides to utilize the Consumer Financial Protection Board's school comparison tool to evaluate her options. She qualifies for outside scholarships won through an essay contest and has $1,500 in savings to contribute towards tuition. Her parents are unable to provide financial assistance. Megan secures $3,000 in Perkins loans, $3,000 in Federal Subsidized loans, and $2,500 in Federal Unsubsidized loans. To cover the remaining balance, she plans to take out private loans with an interest rate of 7.9%.
At graduation from San Jose State University, Megan's total debt is estimated to be the sum of her loans, which amounts to $10,000 in Perkins loans, $3,000 in Federal Subsidized loans, $2,500 in Federal Unsubsidized loans, and the private loans she takes out. The debt from private loans will depend on the amount Megan borrows.
To determine Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.
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What information about estimates is not required to be disclosed?
A. That estimates involve assumptions about future events
B. Possible material financial statement effects of estimate changes
C. That estimates are required in preparing financial statements
D. The old and new estimate in quantitative terms
Answers
The information about estimates that are not required to be disclosed is D. The old and new estimates in quantitative terms.
Why Company Is Not Required to Disclose Estimates?It is not necessary for companies to disclose the specific numbers of their old and new estimates in financial statements.
However, they are required to disclose information about the assumptions they used to make the estimates (A), the potential effects of estimate changes on financial statements (B), and the fact that estimates are required in preparing financial statements (C).
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The mean absolute percentage deviation (MAPD) for the end of May is a. 0.0250. b. 0.0583. c. 0.5830. d. 0.6670.
Answers
The mean absolute percentage deviation (MAPD) for the end of May is 0.6670. The term "MAPD" stands for mean absolute percent deviation. MAPD's job is to calculate the error's absolute value as a percentage of demand.
A MAPE of less than 5% is regarded as a sign that the forecast is within acceptable bounds of accuracy. If the MAPE is greater than 10% but less than 25%, it shows low accuracy that is still acceptable, and if it is greater than 25%, it indicates very low precision that is so low that the forecast's accuracy is unacceptably low.
The difference between a data point and the mean is known as a deviation. Any minus signs are simply thrown out by the deviation's absolute value. The pluses and minuses would cancel out if we didn't use the absolute value.
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An open-end fund has a net asset value (NAV) of $20.00 per
share. The fund charges a 5% load. What is the offering price?
$21.00
$19.05
$21.05
$19.95
please show the formula
Answers
The offering price of the open-end fund is $21.00.
To calculate the offering price of an open-end fund with a given net asset value (NAV) and load, we need to understand how the load is applied.
In this case, the load is stated as 5%. A load is a sales charge or fee that is deducted from the investor's initial investment when purchasing shares of the fund. There are different types of loads, such as front-end loads (charged at the time of purchase) and back-end loads (charged at the time of redemption). However, in this scenario, the load is not specified as either front-end or back-end, so we'll assume it is a front-end load.
The offering price is the price at which investors can purchase shares in the fund, including the load. It is calculated by adding the load to the NAV. The NAV represents the value of the fund's assets minus any liabilities, divided by the number of outstanding shares.
Given that the NAV is $20.00 per share and the load is 5%, we can calculate the load amount:
Load = 5% of NAV
Load = 5% * $20.00
Load = $1.00 per share
To determine the offering price, we add the load to the NAV:
Offering Price = NAV + Load
Offering Price = $20.00 + $1.00
Offering Price = $21.00 per share
Therefore, the offering price of the open-end fund is $21.00 per share. This means that investors would need to pay $21.00 per share when purchasing shares, with $1.00 of that amount being the load fee charged by the fund.
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winn co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%. winn will record total interest expense of:
Answers
Answer: $200
Explanation:
The total interest expense that should be recorded is $200.
Given that,
winn co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%.Here we assume 360 days in a year.Based on the above information, the calculation is as follows:
= $15,000 ×8% × 60 ÷ 360
= $200
Therefore we can conclude that the total interest expense that should be recorded is $200.
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you estimate that by the time you retire in 35 years, you will have accumulated savings of $3.8 million. a. if the interest rate is 10.0% and you live 15 years after retirement, what annual level of expenditure will those savings support?
Answers
Based on the given information, if the interest rate is 10.0% and you live 15 years after retirement, the annual level of expenditure that the savings of $3.8 million will support is $252,436.78.
To calculate the annual level of expenditure that the savings of $3.8 million will support, we can use the formula for the future value of an annuity. The formula is given as:
FV = P * ((1 + r)^n - 1) / r
Where:
FV = future value
P = payment or annual withdrawal amount
r = interest rate per period
n = number of periods
In this case, the future value (FV) is given as $3.8 million, the interest rate (r) is 10.0% (or 0.1), and the number of periods (n) is 15 years. We can rearrange the formula to solve for the payment (P):
P = FV * (r / ((1 + r)^n - 1))
Substituting the given values into the formula:
P = $3,800,000 * (0.1 / ((1 + 0.1)^15 - 1))
P = $3,800,000 * (0.1 / (1.1^15 - 1))
P = $3,800,000 * (0.1 / (4.0462337 - 1))
P = $3,800,000 * (0.1 / 3.0462337)
P = $3,800,000 * 0.0328
P = $252,436.78
Therefore, based on the given information, if the interest rate is 10.0% and you live 15 years after retirement, the annual level of expenditure that the savings of $3.8 million will support is $252,436.78.
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which of the following is an example of secondary data? a) a company performs a taste-test in a local supermarket b) a company conducts an online survey to collect data c) a company looks at a previous taste-test conducted in a local supermarket d) a company interviews doctors to find out how they recommend medications e) a company observes shoppers inside a store
Answers
Option c is an example of secondary data in this question. A company looks at a previous taste-test conducted in a local supermarket.
Data that is gathered by a user other than the main user is referred to as secondary data. Census data, information gathered by government agencies, company records, and data that was initially gathered for other research goals are all common sources of secondary data for social science. The following are benefits of using secondary data: The researcher cannot overlook the reality that a lot of information is documented, whether it has been processed intentionally or not, and that doing so typically saves time and effort compared to having to personally collect the information.
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Janet's poodle grooming salon has a total cost curve expressed by the equation TC = 100 + 3Q2 where Q is the quantity of dogs groomed. Janet notices that as she grooms more dogs her total cost curve:
Answers
Answer:
becomes steeper
clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?
Answers
Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.
The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.It is said to have new features to improve functionality and its use.
A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.
The full question is below
Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?
O product development software
O mobile task management technology O advanced shipping notices fulfillment centers
O routing systems
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All of the following statements are true EXCEPT: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a according to the law of demand, a decrease in the price of beef leads to an increase in the quantity demanded of beef, ceteris paribus. b an upward-sloping supply curve illustrates that an increase in price leads to a decrease in quantity supplied. c a decrease in supply leads to an increase in equilibrium price and a decrease in equilibrium quantity, ceteris paribus. d the demand curve for a product models the willingness and ability of people to purchase the product.
Answers
The statement that is not true is "an upward-sloping supply curve illustrates that an increase in price leads to a decrease in quantity supplied" from the given options that are given in the question.
This statement is actually false because an upward-sloping supply curve indicates that an increase in price would lead to an increase in the quantity supplied.
The reason behind it is that producers would be willing to provide more of the product because they could get a higher price for it.
Therefore, this statement is the incorrect one, which is not true and all other options are true.
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being supportive of diversity can sometimes result in organizations facing boycotts and negative publicity from those resistant to diversity. true false
Answers
Being supportive of diversity can sometimes result in organizations facing boycotts and negative publicity from those resistant to diversity. The statement is True
Supporting diversity can often lead to resistance and pushback from those who are not in favor of diversity and inclusion. This can result in boycotts and negative publicity for the organization, as well as potential legal and financial consequences.
However, despite these potential risks, many organizations still prioritize diversity and inclusion because of the many benefits it can bring. Research has shown that diverse and inclusive workplaces can lead to increased innovation, better decision-making, improved employee satisfaction, and stronger relationships with customers from diverse backgrounds. Additionally, promoting diversity and inclusion can also help organizations comply with laws and regulations, and enhance their reputation and brand image.
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a nurse-manager oversees approximately 12 employees. what strategy should the manager prioritize when trying to motivate the employees?
Answers
One of the best tactics for employee motivation is to use personal strategies that mean something to each individual.
For each business to remain afloat, a healthy profit margin is required. This profit is based on the volume and caliber of a company's output.
Numerous actions can be taken by organizations to maintain employee motivation. Organizations may produce more work of higher quality and volume with the help of motivated staff. As a result, the profit margin can be raised appropriately.
An increase in profit enables management to provide staff with increased pay, incentives, awards, and benefits. Employees continue to be interested and devoted to the company as it grows.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answers
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
When Imogene brought a necklace to a ________, she received a loan based on its value.A) commercial bankB) pawnshopC) rent-to-own centerD)check-cashing outletE) payday loan company
Answers
When Imogene brought a necklace to a b) pawnshop, she received a loan based on its value.
A pawnshop is a type of business that offers short-term, secured loans to customers who provide collateral in the form of personal items, such as jewelry or electronics. The loan amount is determined by the value of the collateral. Commercial banks (A) typically provide more traditional banking services, such as savings and checking accounts, and do not offer loans based on collateral like a necklace.
Rent-to-own centers (C) and check-cashing outlets (D) also do not provide loans in this manner. Payday loan companies (E) offer short-term, high-interest loans that are usually based on the borrower's paycheck rather than collateral. Therefore, Imogene's best option for receiving a loan based on the value of her necklace is a pawnshop (B).
Therefore, the correct answer is B) pawnshop
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Why can’t a guy just love me, I would give him cuddles , kissed in the forehead , call him baby/ sunshine , let him use my thighs as pillows LOL ( don’t ask ) would play video games with him 24/7 , go to theme parks and have so much fun! I only wish it was real :(
Answers
Answer:
Dont rush anything!
Explanation:
The person who is meant for you will come soon :)
_________ is the removal of items from a store with the intention of not paying for them.
a. shrinkage
b. shoplifting
c. control
d. none of the above
Answers
Answer: lol that should be shoplifting
If all incomes were equalized by government taxes and transfer payments, b. how much would the average household in the highest income quintile pay in taxes?
Answers
Government finances, which are divided into revenues (such as tax receipts), expenditures (spending), debt, and assets, also include government taxes (cash and security holdings). Government taxes are discussed in length and with figures in this section. Locate the most recent articles, publications, and other content.
A
Average Income B
Equalized income B-A
Gain(+) or
Lose(-)
Highest fifth 202000 79300 -122700
Second fifth 92000 79300 -12700
Third fifth 57000 79300 22300
Fourth fifth 33000 79300 46300
Lowest fifth 12500 79300 66800
government taxes are compulsory contributions that a government agency, whether local, regional, or federal, imposes on people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are funded by government taxes income.
In economics, taxes fall on whoever bears the cost of the tax, whether this is the taxed entity, such as a business, or the final users of the items produced by the business. Payroll government taxes, federal and state income taxes, and sales taxes are just a few of the government taxes that need to be taken into account from an accounting standpoint.
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LaBouche Company had cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. Kelly has determined that at January 1, unearned service revenues was $13,000, and prepaid expenses were $17,500. At December 31, unearned service revenues was $18,600, and prepaid expenses were $23,100. The service revenues on cash basis is:
Select one:
a. $155,000
b. $147,600
c. $142,000
d. $136,400
Answers
At the end of the year, prepaid expenses were $23,100 and unearned service revenues were $18,600. The service's cash basis revenues total $136,400.
$142,000 plus $97,000, or $136,400, is the service revenue on a cash basis.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
To determine how effectively a business collects unpaid debt, it is important to review the cash flow statement. Contrarily, sales will only be recorded as revenue in cash accounting after money has actually changed hands. A "receipt" is money given to a business. An example of an activity that results in a receipt but no revenue is when a consumer prepays for a service or undeliverable products.
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Explain the statement social economic responsibility
Answers
Answer:
Social economic responsibility is the idea that businesses and organizations have an obligation to not only generate profits and create economic value, but also to act in a way that positively impacts society and the environment. This includes considering the social and environmental impacts of their actions, and taking steps to mitigate negative effects and promote positive ones.
Social economic responsibility is based on the understanding that businesses and organizations do not exist in isolation from the rest of society, but rather are an integral part of it. As such, they have a responsibility to contribute to the well-being of society as a whole, beyond just their own financial success.
Examples of social economic responsibility include adopting sustainable business practices, investing in local communities, supporting employee well-being and development, and engaging in philanthropic activities. By prioritizing social and environmental responsibility, businesses can not only contribute to the betterment of society, but also improve their own long-term sustainability and success.
Explanation:
What does the demand curve in the graph above tell you about how consumer behavior changes if Beth’s Bagels raises the price from $.25 to $1.50?
Group of answer choices
Quantity demanded decreases
Demand shifts to the right.
Demand shifts to the left.
Quantity demanded increases.
Answers
if Beth’s Bagels raises the price from $.25 to $1.50 the quantity demanded decreases. (first option)
What happens if price increases?The demand curve is a curve that shows the relationship between the price of a good and the quantity demanded of the good. On the graph of the demand curve, price is on the y-axis and quantity demanded is on the x-axis.
The demand curve slopes downward. This means that as price increases, the quantity demanded decreases and when price decreases, the quantity demanded increases.
This means that when Beth's bagels increase the price of bagels, the quantity demanded would decreases from 40 units to 10 units. If price decreased instead from $1.25 to $1, quantity demanded would increase from 10 units to 20 units.
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