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2 years ago

A marketplace extended beyond traditional boundaries and removed from a temporal and geographic location is called a(n):

1 answer:

3 0

A marketplace extended beyond traditional boundaries and removed from a temporal and geographic location is called a marketspace.

<h3>What is a marketspace?</h3>

A marketspace is a digital exchange environment. A digital exchange environment is common now due to a number of available technology.

Most everyone is always connected to the internet or their smart phones, enabling much digital exchange. It is a virtual market place in the commercial world, where the limitations of physical boundaries are not known.

Hence, a marketplace extended beyond traditional boundaries and removed from a temporal and geographic location is called a marketspace.

Learn more about marketspace here: brainly.com/question/7225674

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Sellers of bottled water find that whether the price falls or rises, the quantity bought by consumers remains unchanged every we

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Answer:

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is perfectly inelastic if a change in price has no effect on quantity demanded. Quantity demanded remains unchanged no matter the change in price.

Water is assumed to be a necessity so demand would not change no matter the change in price.

Demand is inelastic when a change in price has little or no effect on quantity demanded.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

Demand is unitary elastic when a change in price has an equal erfect on quantity demanded.

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3 years ago

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Answer:

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3 years ago

Miller Safety Equipment uses multiple production department rates to apply overhead to products. The company will allocate suppo

natita [175]

Answer:

c.used by the department

Explanation:

Since in the question it is mentioned that Miller Safety Equipment uses multiple production department rates so that it applied the overhead to products.

And according to that the allocation of support department cost to production

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3 years ago

The following selected transactions were completed by Coat Delivery Service durning July: 1. Received cash in exchange for commo

cupoosta [38]

Answer:

1. Received cash in exchange for common stock, $35,00.

Transaction Effect: Receipt of cash will increase in asset, delivery service will increase in stockholder equity

Correct Option: c

2. Purchased supplies for cash, $1,100.

Transaction Effect: Supplies will increase in asset, cash will decrease in the asset

Correct Option: a

3. Paid rent for October, $4,500.

Transaction Effect: Paid cash will decrease in asset and rent expenses will decrease stockholder equity

Correct Option: e

4. Paid advertising expense. $900.

Transaction Effect: Rent paid will Decrease in an asset, decrease in stockholders' equity

Correct Option: e

5. Received cash for providing delivery services, $33,000.

Transaction Effect: Receipt of cash will increase in asset, delivery service will increase in stockholder equity

Correct Option: c

6. Billed customers for delivery services on account, $58,000.

Transaction Effect: Billing customers will Increase in an asset, increase in stockholders' equity

Correct Option: c

7. Paid creditors on account, $2,900.

Transaction Effect: Creditors payment will Decrease in an asset, decrease in a liability

Correct Option: d

8. Received cash for customers on account, $27,500.

Transaction Effect: Received payment from customers will Increase in an asset, decrease in another asset

Correct Option: a

9. Determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month.

Transaction Effect: Supplies expense will Decrease in an asset, decrease in stockholders' equity

Correct Option: a

10. Paid cash dividends, $2500.

Transaction Effect: Cash payment will decrease in asset, dividend will decrease in stockholders equity

Correct Option: e

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4 years ago

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.

Elodia [21]

Answer:

August 2021:

Total Cost

Aug.1 Inventory on hand—3,200 units; cost $6.50 each. $ 20,800

8 August Purchased 16,000 units for $6.70 each. $ 107200

14 August Sold 12,800 units for $13.20 each. $ 165600

18 August Purchased 9,600 units for $6.80 each. $ 65,280

25 August Sold 11,800 units for $12.20 each. $ 143,960

28 August Purchased 5,200 units for $5.80 each. $ 30,160

31 August Inventory on hand—9,400 units.

FIFO Ending Inventory $58,720

5,200 units for $ 30,160

4,200 units for $6.80 each. $ 28,560

FIFO Cost OF Goods Sold

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 - $58,720= 223,400-$58,720 = $ 164,720

LIFO Ending Inventory $ 62340

3,200 units; cost $6.50 each. $ 20,800

6,200 units for $6.70 each = $ 41540

LIFO Cost OF Goods Sold

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 -$ 62340= 223,400-$ 62340=$ 161,100

Average Cost Ending Inventory = $223,400/ 34,000= 6.570

9,400* 6.570= $ 61,763

Average Cost of Goods Sold = (Total Units - Ending Unit )* 6.57=

= $ 223,380

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4 years ago