, 23.02.2021 09:50, victoriahuntley12148

# A rise in the price of rice in a country from \$1 per bag to \$1.20 per bag leads to an increase in supply by farmers form 1000 bags per month to 1300 bags per month . Calculate the price elasticity of supply

### Other questions on the subject: Business

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid \$20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Return on equity midwest packaging's roe last year was only 3%; but its management has developed a new operating plan that calls for a debt-to-assets ratio of 55%, which will result in annual interest charges of \$512,000. the firm has no plans to use preferred stock. management projects an ebit of \$1,776,000 on sales of \$16,000,000, and it expects to have a total assets turnover ratio of 3.5. under these conditions, the tax rate will be 35%. if the changes are made, what will be the company's return on equity? round your answer to two decimal places.