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2 years ago

How would the Supply of cars change, given an increase in the price of steel.

Business

1 answer:

lana [24]2 years ago

5 0

Answer:

car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts

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In 1969, don bought a dodge dart for $2,500. he drove this car until 2003 when he bought a honda civic for $18,000. if the price

nexus9112 [7]

Close to around 15,000?

3 0

3 years ago

In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the

Vitek1552 [10]

Answer:

The kind of corporate takeover technique implemented in the film is proxy fight.

Explanation:

A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.

In this case both the parties, the heiress as well as the opponent is asking for the right of vote from stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.

6 0

3 years ago

The difference between zero profit and zero economic profit is that:

Marianna [84]

Answer:

The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.

Explanation:

Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.

8 0

3 years ago

Match each term with the best definition given blow. Note: Not all definitions will be used.

Virty [35]

Answer:

1. Allocation Base

Definition: A measure that causes or influences the incurrence of a cost.

2. Direct Labor Time

Definition: A source document that shows how a worker spent time each week.

3. Ticket Indirect Costs

Definition: Costs not easily traceable to producing a product, job or service.

4. Job Coat Shoot

Definition: A detailed record of costs incurred to complete a specific job.

5. Job Order Costing

Definition: An accounting system used by companies that offer customized or unique products or services.

6. Materials Requisition Form

Definition: A form that lists the quantity of direct materials to be used in a job.

7. Overapplied Overhead

Definition: The amount of actual overhead is less than the applied overhead.

8. Underapplied Overhead

Definition: The amount of actual overhead is greater than the applied overhead.

9. Predetermined Overhead

Definition: Estimated manufacturing overhead divided by estimated cost driver.

10. Rate Process Costing

Definition: An accounting system used by companies to make standardized or homogeneous products or services.

3 0

2 years ago

Van Frank Telecommunications has a patent on a cellular transmission process.

Sonbull [250]

Answer:

Van Frank Telecommunications

December 31, 2016:

Debit Amortization Expense - Patent $4,400,000

Credit Accumulated Amortization-Patent $4,400,000

To record the revised amortization expense for the year.

Explanation:

Data and Calculations:

Patent's value on January 1, 2012 = $19,800,000

Patent's assessed lifespan = 9 years

Amortization expense for each year on straight-line = $2,200,000 ($19,800,000/9)

Accumulated Amortization for Patent = $6,600,000 (for 3 years)

Net book value of patent = $13,200,000 ($19,800,000 - $6,600,000)

Revised lifespan = 6 years

Revised amortization expense per year = $4,400,000 ($13,200,000/3)

8 0

3 years ago