Oman recently introduced 5 % business taxes on some products and services. As a result, the supply curve of these goods and services will ______________. a. Shift Rightward and there will be more supply b. Shift leftward and there will be less supply c. Shift leftward and there will be more supply d. Not shift, and the supply remains the same.
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- 5. A merchant buys a particular product at P 20 per unit and sells them at P 35 per unit. His fixed cost is P 200. Due to stiff competition, the sale of the product began to decline. The selling price decreased by 2% of the units sold. The variable and fixed cost remains constant. a. Represent the new selling price. b. Determine the TR, TC, and Profit function. c. Find the BEP quantity revenue. d. What is the profit at a sale volume of 100 units?2. Imports and ExportsNow we allow for international trade. Use the following information from problem 1: C = 400 + (8/9)*DI I = 300G = 800T = (1/2)*Y. Suppose that exports are constant at X = 300.Let imports be a fraction of real income: M = (1/9) * Y. a. Give intuition for why imports M are positively related to national income Y in the equation above.b. Suppose that national income increases by $1. How much will spending on imports increase (the marginal propensity to import) in this case? c. Compute the equilibrium level of national income under international trade. d. Suppose that government spending increases by $120. i) Compute the new equilibrium national income. ii) Based on your numerical answer to (i), calculate the change in national income from a one dollar increase in government spending. iii) Derive the new fiscal multiplier from an increase in government spending using an algebraic equation. Compare to Problem 2.d.(ii). Compare to Problem 1.c.(v).e. Trade…1. If the company accepts this offer and rejects some business from regular customers so as not to exceed capacity, what would be the total net operating income next year? 2. If the company rejects the offer of the foreign distributor, how much is the opportunity cost?
- 21 A company's current ratio is 2.0, and its acid-test ratio is 1.0. How will these ratios be affected if the company pays cash to purchase inventory? The acid-test ratio will decrease, but the current ratio will not change. The current ratio will decrease, but the acid-test ratio will not change. O Both the current and acid-test ratios will decrease. O Neither the current ratio nor the acid-test ratio will change.1. What is the margin of safety in peso value? 2. What is the margin of safety in units? 3. If the company wishes to increase its total peso value contribution margin by 40% in 2021, by how much will it need to increase its sales if all other factors remain constant?QUESTION 2 REQUIRED: Use the information provided below to answer the following questions: 2.1 Calculate the total net profit for the estimated figures. 2.2 Calculate the break-even quantity 23 Calculate the break-even value 2.4 Calculate the break-even value using the marginal income ratio. 2.5 Calculate the target sales volume to achieve a profit of R15 000 000. 2.6 Calculate the new break-even quantity and value if the selling price is increased by 10%. 2.7 Calculate the margin of safety in units at the original budgeted volume and price INFORMATION Kitty Limited plans to manufacture bar fridges. According to the 2020 budget conducted by management, budgeted sales are expected to be R10 000 000 with 5 000 units being produced. The company's direct material and direct labour costs are expected to be 5000 cents and 3500 cents per unit respectively. Whereas, the fixed factory overheads and fixed administrative expenses are budgeted at R450 000 and R200 000 respectively. Furthermore,…
- 4. The price elasticity of demand for DVD players manufactured by Sony of Japan is greater than one. If the Japanese yen appreciates against the U.S. dollar by 10% and the price of the Sony DVD players in the U.S. also rises by 10%, then other things equal, the total dollar sales revenues of Sony DVDs would ____________. a. decline b. increase c. stay the same d. insufficient information5. The contribution margin ratio measures the effect on the total contribution margin of a given change in total sales. True False 6. A company with sales of RM100,000, variable expenses of RM70,000, and fixed expenses of RM50,000 will reach its break-even point if sales are increased by RM20,000. True False 7. At the break-even point, variable expenses and fixed expenses are equal. True False 8. All other things the same, a decrease in variable expense per unit will reduce the break-even point. True False 9. An increase in the number of units sold will decrease the break-even point. True False 10. All other things equal, the margin of safety in a company with high fixed costs and low variable costs will tend to be higher than the margin of safety in a similar company that has low fixed costs and high variable costs. True False4a. Calculate the break-even point in unit sales for each product using method 2. 4b. What will be the company's overall profit if it sells exactly the break-even quantity of each product? 5. Which method should the company use to calculate each product's break-even point in unit sales?
- A rice farmer in Japan analyzed the sales data. The data showed that when the product price (per unit) shifted from 1500 yen to 1000 yen, the quantity increased from 350 units to 400 units. From the price elasticity of demand perspective, the farmer should set (Q6) the unit price. (Assume that other things such as macroeconomic or time-trend factors are equal and do not impact on the demand and thus the farmer's pricing.) Q6 1. Higher 2. O Lowercompany 1 sells a product for $24.30 with trade discount rates of 7% and 3%. company 2 sells the same product for $22.30 with two trade discount rates of 7% and 5%. a. Which company is offering it for a cheaper price? The company 1 The company 2 b. What further trade discount rate must the company with the higher price provide to match the lower price?15. Once the break-even point is reached, which of the following statements is true? A. The total contribution margin changes from negative to positive. B. Net income will increase by the unit contribution margin for each additional item sold. C. Variable expenses will remain constant in total. D. The contribution margin ratio begins to decrease.