Physical Science

Show work on graph paper.

. 0

Faq

Business
Step-by-step answer
P Answered by Specialist

C) the quantity demanded of physicals increases and the quantity supplied of physicals decreases.

Explanation:

Price ceilings usually result in a market failure called deadweight loss. This happens because the equilibrium price is set at an artificially low level which decreases the quantity supplied and increases the quantity demanded. This results in a shortage of products or services, and a loss of economic efficiency. In the attached graph, the deadweight loss is the colored area under the demand curve and above the supply curve.  


Suppose the equilibrium price of a physical examination (physical) by a doctor is $200, and the go
Business
Step-by-step answer
P Answered by Master

                                      Washington Sports Medicine, Inc.

                                                  Sales budget

                                                July                August             September

Products            S.P/Unit  Qty    Value      Qty   Value         Qty   Value  

Basic physicals     $80      120     $9,600   255  $20,400     125   $10,000

Extended phys.    $145     180     $26,100   215   $31,175         70   $10,150

For the quarter

Products              S.P/Unit    Total quantity    Total amount

Basic physicals     $80           500                     $40,000

Extended phys.     $145          465                     $67,425

Explanation:

The sales budget is a budget that shows the quantity of units projected to be sold, the expected selling price per unit and the gross or total sales for the period (usually in the immediate future).

The total sales is the product of the quantity sold and the unit selling price of each product.

Business
Step-by-step answer
P Answered by PhD

Explanation:

Second Quarter Sales budget

Forecasted Physical Exam. (Basic at $95 per exam and Extended at $150)

July

Basic > 240 =95*240=23,040

Extended > 165 = 150*165=25,200

August  

Forecasted Physical Exam.

Basic > 250 = 95*250=23,750

Extended > 215 =150*215=32,250

September

Forecasted Physical Exam.

Basic > 80  =90*80 =7,200

Extended > 90 =150*90 =13500

Total Gross Sales

Basic=$53,990

Extended=$70,950

Business
Step-by-step answer
P Answered by PhD

Explanation:

Second Quarter Sales budget

Forecasted Physical Exam. (Basic at $95 per exam and Extended at $150)

July

Basic > 240 =95*240=23,040

Extended > 165 = 150*165=25,200

August  

Forecasted Physical Exam.

Basic > 250 = 95*250=23,750

Extended > 215 =150*215=32,250

September

Forecasted Physical Exam.

Basic > 80  =90*80 =7,200

Extended > 90 =150*90 =13500

Total Gross Sales

Basic=$53,990

Extended=$70,950

Business
Step-by-step answer
P Answered by Master

                                The sales budget    

          Jefferson Sports Medicine, Inc budgets sales budget (Amounts in $)

                                                              Months                            

Physical examination    July           August         September   Total

Basic physical               13,200       14,100           6,300           33,600

Extended physical        25,650       27,000         14,850          67,500

                                                                                                  101,100              

Explanation:

The sales expense shows the forecasted of sales from the various types of physical examination for a given period. These include the sales expected from Physical examination. The sales are the products of the charge per examination and the number of examinations conducted. It may be computed as follows;

July;

Physical examination

= $60 * 220

= $13,200

Extended physical

= $135 * 190

= $25,650

August

= $60 * 235

= $14,100

Extended physical

= $135 * 200

= $27,000

September

= $60 * 105

= $6,300

Extended physical

= $135 * 110

= $14,850

Try asking the Studen AI a question.

It will provide an instant answer!

FREE