Price elasticity of supply is a measure of
A
the total supply of a good or service at a spe...
Business, 27.08.2021 18:40, powellkhalil58
Price elasticity of supply is a measure of
A
the total supply of a good or service at a specific price point and at a specific point in time.
B
the responsiveness of the quantity supplied of a particular good or service to a change in price.
C
the total supply for a good or service at a range of price points over a given period of time.
D
the responsiveness of the price of a particular good or service to a change in the quantity supplied.
Answers: 3
Business, 22.06.2019 11:10, nadinealonzo6121
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
Business, 22.06.2019 13:10, Hannahdavy5434
Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?
Answers: 3
Business, 22.06.2019 17:40, bsheepicornozj0gc
Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same
Answers: 3
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