Answers
Question Completion:
Assuming the following: (i) the sales price for each CompuTech product sold is $50; (ii) each product sold costs $25 in Raw Material components; and the business Fixed Cost is $45,000.
Q1: What is the BE in units for CompuTech in 2021?
Q2: What impact would occur to the BE if the variable cost of materials rose by 10% during the year?
Answer:
CompuTech
Answer 1: The BE (Break-even Point) in units for CompuTech in 2021 is:
1,800 units.
Answer 2: If the variable cost of materials rose by 10%, the BE will increase to:
2,000 units.
Explanation:
a) Data and Calculations:
Selling price per unit = $50
Direct material cost per unit = $25
Contribution per unit = $25
Fixed Cost = $45,000
Break-even point = Fixed Cost/Contribution per unit
= $45,000/$25
= 1,800 units
b) BE if the variable cost of materials rose by 10% during the year:
Selling price per unit = $50
Direct material cost per unit =$27.50 ($25 * 1.1)
Contribution per unit = $22.50
Fixed Cost = $45,000
Break-even point = Fixed Cost/Contribution per unit
= $45,000/$22.50
= 2,000 units
c) The break-even point in units represents the quantity at which the costs of production equal the revenues for the goods. It is the point where no profit is made, but all the costs, including fixed costs, are covered by the revenues.
Related Questions
Could someone answer e and g after reading the source material?
Answers
Answer:
i do not know
Explanation:
the family, school, church and the work place represent important social Institutions that affects entrepreneurship development. discuss
Answers
Answer:
The family, school, church and the work place are all important social institutions that affect entrepreneurship development.
Family: Families are often the first place where an individual’s entrepreneurial ambitions are nurtured and encouraged. Parents can create a culture that supports creativity, encourages risk taking, and allows for mistakes in order to foster a spirit of entrepreneurship in the home. Family networks provide the necessary resources such as financial support and emotional support that many entrepreneurs need to take their initial risks.
School: Schools play an important role in the development of future entrepreneurs. By teaching students about business, economics, and finance, they lay the foundation for a successful career in the business world. Additionally, schools may offer extracurricular activities such as clubs or competitions that enable students to apply their theoretical knowledge to the real world. These experiences often provide invaluable lessons that help to shape future entrepreneurs.
Church: The church also plays a role in encouraging entrepreneurial behavior. Churches often provide mentorship opportunities, where business professionals and budding entrepreneurs can share knowledge and experiences. In addition, churches may also provide valuable advice and counsel to would-be entrepreneurs on ways to obtain capital and develop plans for successful businesses.
Work Place: The workplace can be an invaluable resource for learning how to function as an entrepreneur. Through exposure to experienced managers and executives, aspiring entrepreneurs can learn the necessary skills to build a successful business. Additionally, many companies offer internships, apprenticeships, and other programs that can provide
If discouraged workers are hired again, are they counted in the labor force?
Answers
3. Mr. and Mrs. Howard want to buy a home valued at $280,000. If they have 15% of this amount saved for a down payment, how much have they saved?
Answers
Answer:
they have 42,000 saved I hope I'm right
Lean Accounting
The annual budgeted conversion costs for a lean cell are $186,930 for 3,100 production hours. Each unit produced by the cell requires 20 minutes of cell process time. During the month, 970 units are manufactured in the cell. The estimated materials costs are $39 per unit.
(Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.)
Journalize the following entries for the month:
a. Materials are purchased to produce 1,020 units.
b. Conversion costs are applied to 970 units of production.
c. The cell completes 920 units, which are placed into finished goods.
If an amount box does not require an entry, leave it blank.
Answers
Answer:
Material are purchased to produce 1,020 units
You work for a drywall company and are trying to secure a contract with a large commercial builder. The purchasing agent from the commercial builder is in town and staying at the Ramada Inn. You contact him by phone and set up a meeting. You tell him, "I’ll meet you at your hotel in an hour." You arrive at the Ramada Inn’s lobby a few minutes early. You take a seat, watching the elevator for the purchasing agent. You wait. Twenty minutes later, you’re still waiting. You ask the front desk to ring the agent’s room. The agent answers, "You’re late. I’ve been waiting for you for 15 minutes."
What communication barrier is described in this situation?
a. Distractions
b. Bypassing
c. Lack of language skills
Answers
Answer:
B
Explanation:
Bypassing is a type of communication barrier were two people communicating think they understand each other but actually they miss each other's meaning.
I and the purchasing agent thought we had effectively communicated and set up a meeting but in reality, we hadn't agreed on a meeting venue.
Answer:
B
Explanation:
I Know i am in the future
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of 0.25 and fixed costs of $40,000. Every dollar of sales contributes 25 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.75 and fixed costs of $440,000. Every dollar of sales contributes 75 cents toward fixed costs and profit. Both companies have sales of $800,000 for the month. Required: a. Compare the two companies’ cost structures. b. Suppose that both companies experience a 15 percent increase in sales volume. By how much would each company’s profits increase?
Answers
Answer:
Greenback Store One-Mart
Amount % Amount %
a. Sales $800,000 100% $800,000 100%
Variable cost $600,000 75% $200,000 25%
Contribution margin $200,000 25% $600,000 75%
Fixed cost $40,000 5% $440,000 55%
Operating profit $160,000 20% $160,000 20%
Break even point $160,000 $586,666.67
Workings
Greenback Store Break even point = Fixed cost / Contribution margin ratio = 40,000 / 0.25 = 160,000
One-Mart Break even point = Fixed cost / Contribution margin ratio = 440,000 / 0.75 = 586,666.67
b. Greenback Store
Increase in sales = $800,000*15% = $120,000
Company profit Increase by + (Increase in sales * Contribution margin ratio = 120,000 * 25% = $30,000
Thus, with the increase in 15% of sales of Greenback Store, the profit of the company increase by $30,000
One-Mart
Increase in sales = $800,000*15% = $120,000
Company profit Increase by + (Increase in sales * Contribution margin ratio = 120,000 * 75% = $90,000
Thus, with the increase in 15% of sales of One-Mart , the profit of the company increase by $90,000.
Why is it important for legal service workers to be fair and ethical?
Answers
Answer:
because it makes friends
Explanation:
Answer:
because you make friends andhelp chan d
Explanation:
A family spends $40,000 on living expenses. With an annual inflation rate of 6 percent, they can expect to spend approximately _______ in one year. Use Exhibit 1-A. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount.) M
Answers
Answer: $42,400
Explanation:
The family currently spends $40,000 on living expenses.
Inflation is expected to be 6% and as Inflation is used to refer to the general rise in prices, this means that the family will be spending 6% more in one year.
They will therefore be spending;
= 40,000 * (1 + 6%)
= $42,400
why is having insurance important ?
Answers
Answer:
Explanation:
Because nothing is worth risking when you can have someone back you up. If something ever happens to you that you can't afford, insurance companies will have your back. If your house gets destroyed in a hurricane, you can recover the exact value of the house if you have insurance. However, if you don't have insurance, you bascially just lost your house. You can have insurance for many things such as car insurance, life insurance, health insurance.
January 4—Sold two ice cream systems to Day Dreamer’s Ice Cream. The estimated direct labor is $8,200.00. The estimated direct material is $3,350.00. The estimated indirect material is $350.00. Day Dreamer’s is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will be January. The date promised will be January 23. Assign the contract to Job 74.
January 4th sold two ice cream systems to Day Dreamer's Ice Cream. THe estimated direct labor is $8,000.00. The estimated direct material is $2,250.00. The estimated indirect material is $350.00. Day Dreamers is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will bew January 7th. The date Promised will be January 23rd.
January 19—Apply from direct materials requisition $2,800.00 of direct materials. Apply from indirect materials requisition $325.00 of indirect materials. Apply from time cards s $7,950.00 of direct labor to Job 74 completing the job.Applied factory overhead is based on 25% of direct labor cost. Transfer the completed job to the COGS account from Direct Material and Indirect Material and Factory Overhead accounts. When making the journal entry for applying direct labor debit COGS for the gross pay and credit FWT Payable and FICA Tax Payable for the appropriate amounts with the net pay going to Salaries Payable
what would all the monthly journal entries be?
Answers
When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.The following are the monthly journal entries:January 4, 20XX: Sold two ice cream systems to Day Dreamer's Ice Cream and the total amount billed on account is $20,925.00. Cash collected on account was $5,000.00.
To record sales on account:
Debit: Accounts Receivable: $20,925
Credit: Sales Revenue: $20,925
To record cash received on account
:Debit: Cash: $5,000
Credit: Accounts Receivable: $5,000
January 7, 20XX: Job 74 began and the direct and indirect materials are requisitioned and job order costs were incurred.
To record the beginning of the job, the following entry will be made:
Debit: Work in Progress: $5,800
Credit: Direct Materials: $2,250
Credit: Indirect Materials: $350
Credit: Direct Labor: $8,000
January 19, 20XX: Direct materials of $2,800 and indirect materials of $325 were used and direct labor costs were incurred amounting to $7,950.00.
To record the use of direct materials:
Debit: Work in Progress: $2,800
Credit: Direct Materials: $2,800
To record the use of indirect materials:Debit: Work in Progress: $325
Credit: Indirect Materials: $325To record the payroll expenses:
Debit: Work in Progress: $7,950
Credit: Salaries Payable: $6,137.50
Credit: FICA Taxes Payable: $612.50
Credit: Federal Withholding Taxes Payable: $200
Credit: State Withholding Taxes Payable: $1,000
To record the application of overhead:Debit: Work in Progress: $1,987.50
Credit: Manufacturing Overhead: $1,987.50.When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.
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Which of the following characteristics is associated with a general ledger?
a.)
This is also known as the original book of entry.
b.)
If it is May, then the accounting transactions for February, March, April and May are listed.
c.)
It is categorized by account.
d.)
It is the initial documentation of a financial transaction as it originates.
Answers
Answer:
c.)
It is categorized by account.
Explanation:
The feature associated with a general ledger is that It is categorized by account. Thus, option C is correct.
What is general ledger?Account numbers used to identify different sorts of financial transactions are known as General Ledger Accounts (GLs). Revenues, costs, and transfers are the most widely utilized GLs. A "chart of accounts" is a detailed list of all the accounts in an accounting system.
Characteristics of a Ledger Account are stated as follows:-
A Ledger book is an Accounts book in which various business transactions are recorded under various accounts.It employs the double-entry method.It is also referred to as the Principal book of Account, since it is the book where transactions are finalized after the journal or all-purpose books.All forms of Accounts pertaining to assets, liabilities, capital, and revenue are stored in the Ledger.It is the sole record of a business transaction that has been categorized into relevant Accounts.It makes future financial summary preparation easier.Therefore, option C is correct.
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Which of the following statement is TRUE?
(1 Point)
Developmental programs improve conceptual skills of managers for the future job.
Training programs improve conceptual skills of nonmanagers for the future job.
Developmental programs improve technical skills of nonmanagers for the current job.
Training programs improve technical skills of mangers for the current job.
Answers
'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.
The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.
Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.
The correct answer is option a.
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what is the financial definition for bond? write in your own words.
Answers
Answer:
Bond
Explanation:
It would be like a loan given to a place, government, company, etc. that pays the people (investors) pay a rate of return over a specific timeframe.
During 2021, Stork Associates paid $55,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event (provided by a local restaurant) at a cost of $3,400. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event
Answers
Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.
Stock deduction
Costs of seats $3,300
($165x20)
Food and beverage $3,400
Total Entertainment expense $6,700
($3,300+$3,400)
Less 50% Limitation
Deduction $3,350
($6,700×.50)
Inconclusion the amount that Stork can deduct for this event is $3,350.
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ACTIVITY 11 You have been asked to address a group of young people who will be travelling overseas. They will all need to give a short presentation to people in the countries where they are going. What advice would you give them about making such presentations? Explain fully.
Answers
Giving presentations is a skill that is useful in almost every profession. For young people traveling overseas, making presentations can be a daunting task.
Therefore, while addressing a group of young people who will be traveling overseas and who will need to give short presentations to people in the countries where they are going, the following advice can be helpful:
Be Prepared: It is important to be well-prepared before making a presentation. Therefore, one should always carry an extra copy of the presentation and practice it before presenting it to an audience. Additionally, one should ensure that all the equipment required for the presentation, such as projectors and laptops, are in good working condition. One should also make sure that the internet connection is working well to avoid any technical hitches that may interrupt the presentation.
Research the Culture: The young people traveling overseas should do their research on the countries they will be visiting, and their cultures. They should be aware of the cultural practices of the people they will be presenting to so that they can adapt their presentation to suit the audience's culture. For instance, if presenting to a culture that values eye contact, then one should maintain eye contact while speaking during the presentation.
Dress Code: It is important to be mindful of the dress code when making a presentation in a foreign country. Young people traveling overseas should find out about the dress code in the country they will be visiting, and they should dress appropriately. Wearing the appropriate clothing sends a message that one has respect for the culture and traditions of the country they are visiting. Therefore, one should avoid wearing clothing that may be considered offensive or inappropriate.
Flexibility: Young people traveling overseas should be flexible with their presentations. They should be prepared to adjust their presentations depending on the audience's response. If the audience does not respond well to a particular point in the presentation, then one should be prepared to move on to the next point or adjust the presentation accordingly. Being flexible during a presentation shows that one is sensitive to the needs of the audience and is willing to adapt to meet their needs.
In conclusion, making presentations in a foreign country can be challenging. However, with proper preparation and research, young people traveling overseas can make successful presentations.
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Type the correct answer in the box. Spell all words correctly. Helena showed a sample group of people some images that were taken from her company's recent ad. The brand name was not shown in the advertisement. The sample group was asked to identify the brand in the ad. What is Helena testing by asking this question? Helena is testing by asking this question.
Answers
Helena is conducting a brand recognition test to determine how effective the company's recent advertisement was in promoting brand awareness.
By showing a sample group of people images from the ad without displaying the brand name, Helena is measuring the strength of the brand's visual identity and whether it can be recognized without the aid of a brand name.\
This type of testing is important for companies because it helps them evaluate the effectiveness of their advertising campaigns. By measuring brand recognition, they can determine if their ads are reaching their intended audience and if they are effectively communicating the brand message. This information is valuable for making informed decisions about future advertising campaigns and marketing strategies.
Overall, Helena's brand recognition test is a valuable tool for measuring the effectiveness of the company's recent ad campaign and understanding how well the brand is recognized in the market. By using this information, the company can make informed decisions about future advertising and marketing efforts to improve brand recognition and increase sales.
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consumers use expanded decisions when purchasing?
Answers
Answer:
Consumers use expanded decisions when purchasing high-priced, complex, or unfamiliar products. Expanded decision-making involves a high level of involvement by the consumer, who engages in extensive information search, evaluation of alternatives, and consideration of the consequences of the decision. This type of decision-making is often used for products that are expensive, have a high degree of risk, or are infrequently purchased. For example, a consumer might use expanded decision-making when purchasing a car, a home, or a college education. In contrast, for products that are low-priced, frequently purchased, or have low risk, consumers often use limited decision-making or routine decision-making.
hope it helps you...
If a process only has random variations, then 95.5% of the time the sample averages will fall within approximately
1 standard deviation of the population mean
2 standard deviation of the population mean
3 standard deviation of the population mean
4 standard deviation of the population mean
Answers
The process of allocating funds to projects and investments includes the following:
A. Analysis
B. Selection
C. Monitoring
D. Evaluating performance
Analyze or explain any three of the above.
Answers
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, and monitoring. By following these steps, organizations can make informed decisions about where to invest their resources and ensure that their investments are delivering the expected returns.
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, monitoring, and evaluating performance. Here are explanations of three of these steps:
Analysis: This step involves gathering and analyzing information about potential projects and investments to determine whether they are financially viable and aligned with the organization's goals and objectives. This includes conducting market research, analyzing financial statements and projections, assessing risks, and identifying potential barriers to success. The analysis phase helps decision-makers to make informed choices about which projects and investments to pursue.
Selection: Once potential projects and investments have been analyzed, the next step is to select the most promising ones. This involves using the information gathered during the analysis phase to compare options and choose the projects and investments that are most likely to provide the greatest returns on investment. The selection process may involve developing criteria for evaluating potential options, ranking them based on their financial potential, and weighing the costs and benefits of each option.
Monitoring: Once projects and investments have been selected and funded, it is important to monitor their progress and performance over time. This involves regularly reviewing financial and operational data to identify any potential issues or risks, and taking action to address them. Monitoring can help decision-makers to stay informed about the status of their investments, identify opportunities for improvement, and make adjustments to their funding strategies as needed.
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What is one strategy that can help a person avoid spending too much money
on interest when borrowing money?
A. Choosing a loan with a compound rather than simple interest rate
B. Choosing a credit card with a high minimum monthly payment
C. Choosing a loan with a simple rather than compound interest rate
ОО
D. Choosing a credit card with a low minimum monthly payment
Answers
Answer:
Concept: Business
Choosing a credit card with a low minimum monthly payment will lead to less spendingAnswer:
I got C. Choosing a loan with a simple rather than compound interest rate
Explanation:
4.IExpress algebraically; 12% commission on the profit when
the sales person buys an appliance for $x and sells it for $y
Answers
The algebraic expression which represents the commission of 12% on the profit as required is; 0.12 ( y - x ).
What is the algebraic expression which represents 12% on the profit?It follows from the task content that the expression which represents the 12% commission on the profit when an appliance is bought for $x and sold for $y is to be determined.
Since the cost price is x; and the sales price is; y;
The profit is the difference between y and x and hence;
Profit = (y - x).
Therefore, 12% commission on the profit as required can be written as follows;
12% of ( y - x )
0.12 (y - x).
Therefore, the required algebraic expression is; 0.12 ( y - x ).
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d) 3(x - 2y) - (2x - 5y) si x = -4, y = 5
Answers
(3x - 6y) - (2x - 5y)
3(-4) - 6(5) - 2(-4) - 5(5)
-12 - 30 + 8 - 25
-42 + 8 - 25
-34 - 25
= -59
Which of the following is a sign that you have a budget deficit?
Answers
When liabilities outweigh assets, imports outweigh exports, or expenses over revenues, a deficit results. The national debt is increased by federal budget deficits. Government spending and tax policies are used by fiscal policy to affect macroeconomic factors such as inflation, employment, and total demand.
What are liabilities?The term "liability" can refer to both being held accountable for something as well as owing someone money or services. A homeowner's tax liability, for instance, may be determined by how much in property taxes he must pay to the city or in income taxes to the federal government. Financial accounting defines liabilities as the obligations a company has to its customers. Money owing to suppliers, or accounts payable, is a typical liability for small firms. On a company's balance sheet, a typical financial statement produced by financial accounting software, you can see liabilities.
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Which of the following is not a product category?
a. Shaving products
b. Sunscreen
c. Soft drinks
d. Tobacco products
e. All of these are product categories.
Answers
Answer:
All of these are product categories.
The financial aid application MOST LIKELY includes this question to determine
Answers
Answer:
ofnrnrnenw
Explanation:
llfnnnskalwwlek
Answer:c
Explanation:
Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
Answers
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning from lunch at 1:00, you decide to extend your lunch until 1:45. This is an example of
Answers
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
What is called Shirking?A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
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As a producer and seller of athletic shoes, apparel, and equipment, Nike sells
gross domestic products
goods
services
supplies
Answers
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells goods.
Goods are tangible products that people buy to satisfy their wants and needs. Goods can be classified into two categories: consumer goods and producer goods.Consumer goods are items purchased by consumers for their own use and enjoyment, while producer goods are used by businesses to produce other goods and services.Therefore, Nike sells goods, which are tangible products such as athletic shoes, apparel, and equipment.Nike is a leading producer and seller of athletic shoes, apparel, and equipment. The company is one of the largest players in the sportswear industry and is recognized globally for its high-quality products and innovative designs. As a producer and seller of these goods, Nike contributes significantly to the gross domestic product of many countries. The gross domestic product is the total value of goods and services produced in a country within a particular period.For more questions on Nike
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Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT a. raise the equilibrium price of frozen yogurt. b. increase the quantity supplied of frozen yogurt. c. increase the supply of ice cream. d. increase the demand for frozen yogurt.
Answers
Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt would be predicted to do all of the following except increase in supply of ice cream
In the industry, substitutes are significant and seen favourably by customers. They give users additional options, which improves their ability to meet their demands. Bills of materials frequently include substitute parts that, in the event that the primary part is damaged, can take its place. According to modern economics, the two items will only be categorised as close replacements if they meet the three requirements. A complimentary good is the antithesis of a substitute good; these are products that rely on one another.
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