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Pasty’s Specialty Bakery projects the following demand for Patsy Need more help! Pasty’s Specialty Bakery projects the following demand for Patsy’s pies: Price Quantity 9 ……. 130 10 …….. 110 11 …….. 95 We use midpoint formula a. Calculate the price elasticity of demand between \$9 and \$10. Is demand in this range elastic or inelastic? b. Calculate the price elasticity of demand between \$10 and \$11. Is demand in this range elastic or inelastic? Show your work in details. Students also viewed these Organizational Behavior questions Hickory Manufacturing Company forecasts the following demand for a product (in thousands Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units)…… … b. At what capacity levels (percentage of normal capacity) would the firm be operating over the next five years based on the forecasted demand? c. Does the firm need to buy more machines? If… A barbershop has the following demand for haircuts on Saturday, which is A barbershop has the following demand for haircuts on Saturday, which is its busiest day of the…… … is 35 haircuts, how much of a capacity cushion does it have? d. If it costs \$50 per lost haircut due to customer dissatisfaction and \$100 for each unit of capacity provided, how much capacity… A company has experienced the following demand for a product over the A company has experienced the following demand for a product over the most recent nine months. Use…… … the information to produce a single exponential smoothing model for period 10. Use a smoothing constant, ?, equal to 0.40. Period a t 1………………………………………… 928… A company has experienced the following demand for a product over the A company has experienced the following demand for a product over the most recent nine months. Use…… … the most recent nine months. Use the information to produce a two-period simple moving average and a forecast for period 10. Period at 1…………………………. 928… Hickory Manufacturing Company forecasts the following demand for a product (in thousands Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units)…… … the factory?b. At what capacity levels (percentage of normal capacity) would the firm be operating over the next five years based on the forecasted demand?c. Does the firm need to buy more… Kalox, Inc., manufactures an antacid product that passes through two departments. Data Kalox, Inc., manufactures an antacid product that passes through two departments. Data for May for the first department follow: The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 60% complete with respect to materials and 20% complete with respect to labor and overhead.Required: Assume that the company uses the weighted-average method of accounting for units and costs.1. Compute the equivalent units for Mays activity for the first department. 2. Determine the costs per equivalent unit forMay. Discuss the naming conventions used for ER schema diagrams. Discuss the naming conventions used for ER schema diagrams. Refer to Integrative Case 9-48 in Chapter 9. Assume that all of Refer to Integrative Case 9-48 in Chapter 9. Assume that all of the facts in Case 9-48 still hold…… … and Grape consume only 10,000 hours.) Vanilla cola’s per-unit costs would be identical to those of Diet cola except for the machine usage costs. What would be the cost of Vanilla cola?… A hypothetical element has two isotopes: 81% have a mass of 126.1 A hypothetical element has two isotopes: 81% have a mass of 126.1 amu, while the rest are 156.8 amu. What is the atomic mass of this element? Answer: amu Zoe Parker opened Fresh Step Carpet Cleaners, Ltd. on March 1. During Zoe Parker opened Fresh Step Carpet Cleaners, Ltd. on March 1. During March, the following transactions were completed. Mar. 1 Shareholders invested £14,000 cash in the business in exchange for ordinary shares. 1 Purchased used truck for £10,000, paying £3,000 cash and the balance on account. 3 Purchased cleaning supplies for £1,200 on account. 5 Paid £1,800 cash on one-year insurance policy effective March 1. 14 Billed customers £4,500 for cleaning services performed. 18 Paid £1,500 cash on amount owed on truck and £500 on amount owed on cleaning supplies. Mar. 20 Paid £1,800 cash for employee salaries. 21 Collected £1,600 cash from customers billed on March 14. 28 Billed customers £2,500 for cleaning services performed. 31 Paid £320 for the monthly gasoline bill for the truck. 31 Declared and paid £800 cash dividends. The chart of accounts for Fresh Step Carpet Cleaners, Ltd. contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Share Capital-Ordinary, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gasoline Expense, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. Instructions (a) Journalize and post the March transactions. Use page J1 for the journal and the three-column form of account. (b) Prepare a trial balance at March 31 on a worksheet. (c) Enter the following adjustments on the worksheet and complete the worksheet. (1) Unbilled revenue for services performed at March 31 was £1,000. (2) Depreciation on equipment for the month was £300. (3) One-twelfth of the insurance expired. (4) An inventory count shows £250 of cleaning supplies on hand at March 31. (5) Accrued but unpaid employee salaries were £690. (d) Prepare the income statement and a retained earnings statement for March and a classified statement of financial position at March 31. (e) Journalize and post adjusting entries. Use page J2 for the journal. (f) Journalize and post closing entries and complete the closing process. Use page J3 for the journal. (g) Prepare a post-closing trial balance at March 31. Total fixed cost or sunk cost is independent of quantity produced.”Suppose a Total fixed cost or sunk cost is independent of quantity produced.””Suppose a small firm has…… … and another \$18 million in total variable cost. The firm has started marketing its new product at a price of \$25.00 per unit; however