Players must maintain good grades, meet all physical-fitness requirements, and attend practices regularly to play on the varsity team.
Players must maintain good grades, meet all physical-fitness requirements, and attend practices regularly to play on the varsity team.
(A) Players must maintain good grades, meet all physical-fitness requirements, and attend practices regularly to play on the varsity team.
Explanation: Edge 2020 unit test review
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.
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.
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
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
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
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