Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair

Answer:

2.33; the demand for movies is elastic

Explanation:

Below is the calculation for price elasticity of demand:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

Here, the change in quantity demanded is defined as

= Q2 - Q1

= 30 - 15

= 15

The average quantity demanded is

= (30 + 15) ÷ 2

= 22.50

The change in price is computed as

= P2 - P1

= $8 - $6

= $2

And the average price is

= ($8 + $6) ÷ 2

= 7

Thus, after computing, the result for price elasticity of demand is 2.33

As we were not instructed on the method for calculation, the mid-point formula was utilized.

From this calculation, we deduce that the demand for movies is indeed elastic.

Response:

Minimum selling price= $28

Reasoning:

Based on the information provided:

Direct materials $8

Direct labor $9

Variable manufacturing costs= $7

Landor has received a special order for 25,000 fans destined for an overseas buyer.

The only incurred selling cost for this order will be $4 per fan for shipping.

Given that this is a special request and there is available capacity, fixed costs will not be considered in this analysis.

Variable cost per unit= 8 + 9 + 7 + 4= $28

Answer:

c. $180 in 2019

Explanation:

The entity employs the accrual accounting method, where revenues are documented on the income statement once earned, regardless of the actual receipt of cash.

On July 1, 2017, the organization sold one-year and two-year memberships. In 2017, The Maroon & Orange Gym, Inc. delivered services for half a year for each contract.

Gross income from one-year membership in 2017 = $40 x 6 = $240

Gross income from two-year membership in 2017 = $30 x 6 = $180

Overall revenue = $240 + $180 = $420

In 2018, the company continued providing services for the remaining 6 months of the one-year membership and the entire 12 months of the two-year membership.

Gross income for the one-year membership in 2018 = $40 x 6 = $240

Gross income from two-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company wrapped up services for the last 6 months of the two-year membership.

Gross income in 2019 = $30 x 6= $180

Respuesta:

A continuación, se presenta la solución a esta pregunta:

Descripción:

El aumento en el uso de drones por parte de los proveedores impulsará su mercado. Un exceso de oferta moverá la curva de moda hacia la derecha si la demanda permanece constante. Esto permitirá que los drones aumenten su valor de equilibrio y también mejoren su rendimiento.