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Cerrena
2 months ago
6

Which of the following would likely result from a Malaysian quota on peanuts imported from the United States? The price of peanu

ts would increase in the United States. The quantity supplied of peanuts would decrease in the United States. The price of peanuts would increase in Malaysia. The quantity supplied of peanuts would increase in Malaysia. The quantity demanded of peanuts would increase in Malaysia.
Business
1 answer:
Scilla [3.8K]2 months ago
8 0
Peanut prices in Malaysia would be expected to rise.
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H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the followin
stepan [3596]

Answer:

$0.6 per pounds

Explanation:

Below is the calculation for the standard unit materials cost for each pound:-

Whole Tomatoes = 5,000 × $0.75

= $3,750

Vinegar = 350 × 0.90

= $315

Corn syrup = 40 × 7.50

= $300

Salt = 125 × 1.80

= $225

Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt

= $3750 + $315 + $300 + $225

= $4,590

Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds

= $4,590 ÷ 7,650 pounds

= $0.6 per pounds

8 0
2 months ago
Which is most often a cause for a change in career or lifestyle? A) adjustments in vacation B) adjustments in life roles C) care
marusya05 [3725]

Answer:

B: changes in life roles.

Explanation:

5 0
2 months ago
Read 2 more answers
When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit
arsen [3447]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity measures how demand varies with price fluctuations.

The formula is:

= % change in Quantity / % change in Price

a. If the price moves from $1.00 to $1.50, the elasticity of demand will be:

% change in Quantity calculated using the midpoint method;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5

% Change in Price calculated with the midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4

= -0.5/0.4

=-1.25

b. If the price decreases from $1.50 to $1.00, the elasticity of demand is:

% change in Quantity calculated using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5

% Change in Price calculated using the midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4

= 0.5/-0.4

= -1.25

7 0
1 month ago
Charles Schwab Corporation is one of the more innovative brokerage and financial service companies in the United States. The com
Scilla [3833]

Answer and Explanation:

a. Below is the computation of the contribution margin for each segment:

                                                     (in millions)

Details            Investor Advisor             Services Services  

Revenue from

operations              $1,681                                  $1,660

Plus:

Depreciation           $171                                     $154

Contribution

Margin                    $1,852                                  $1,814

2. Next, we assess the decrease in operating income

                                                   (in millions)

Details         Combined services          Institutional Services  

Total Revenue          $9,368                                $4,771

Less:

Variable expense    $5,702                                 $2,919

                    ($2,919 + $2,783)

Contribution

margin               $3,666                                 $1,852

Less:

Fixed costs         -$325                                    -$171

Net earnings        $3,341                                  $1,681

So from the previous calculations, it shows that the net operating income has decreased by

= $3,341 - $1,681

= $1,660 million

The variable costs can be calculated as

= Service revenues minus income from operations minus depreciation expense

7 0
1 month ago
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