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2 years ago

Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.

Business

1 answer:

Romashka-Z-Leto [24]2 years ago

8 0

a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.

(demand curve)

b. College students rush and buy discount furniture to take advantage of an unexpected price drop.

(Shift of a demand curve)

c. College students purchase many more energy drinks during finals week than during the rest of the semester.

(Demand curve)

d. Students eat out more often as the federal government increases how much grant money it provides students.

(Shift or a demand curve)

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Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-acc

dybincka [34]

Answer:

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

Explanation:

Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-account expense for 2014?

Uncollectible Accounst will simply be 22% multiplied by the credit sales figure for the year.

Accounts Receivable.....26,000

Allowance for collectible account...1,500

Credit sales for 2014 ...$94,000

Cash Sales for 2014.....28,000

Collection from customers on account...100,000

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

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3 years ago

Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct

Tpy6a [65]

Answer:

$78,000

Explanation:

Total cost of producing 2,000 tires:

= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost

= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)

= $58,000 + $20,000

= $78,000

Therefore, the total cost of producing 2,000 tires is $78,000.

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3 years ago

Kenyon Co. uses the perpetual inventory method. Kenyon purchased 400 units of inventory that cost $6.00 each. At a later date th

olga nikolaevna [1]

Answer:$5600

Explanation:

The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.

If 800 units are sold, the inventory sold would be calculated as:

$6 × 400 = $2,400

$8 × 400 = $3200

=$5,600

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3 years ago

The original cost of a LIFO inventory item is below both replacement cost and net realizable value. The net realizable value les

serg [7]

Answer:

D. Original cost.

Explanation:

As we know that the inventory should be valued at lower of cost or market value. Also , the market value is the middle amount among the replacement cost, net realizable value, net realizable value - normal profit margin

It can be the replacement cost or net realizable value. We don't have an idea which one is the middle amount

Also, if the original cost is less than the market cost so we assume that the inventory should be valued at original cost

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3 years ago

Compensation in the United States is governed by a number of laws that set boundaries for what companies can do. The rules gover

lesya [120]

Answer:

<h3>I don't know otherwise please marks me as brainliests..</h3>

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3 years ago