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MA_775_DIABLO [31]
1 year ago
7

Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphi

ng model of supply and demand predicts:
Business
1 answer:
xenn [34]1 year ago
5 0

Option C. Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:  the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information

<h3>What is demand?</h3>

This is the term that is used to refer to the number of people that are willing to buy a product at a given wage rate.

When there is a rise in the demand of cars, there would be a rise in rhe equilibrium price of the cars.

Complete question

Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:

A. The equilibrium, quantity of cars will decrease, but the impact on the equilibrium price of cars cannot be determined without additional information

B. The equilibrium quantity of cars will increase, but the impact on the equilibrium price of cars cannot be determined without additional information.

C. the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information

D. the equilibrium price of cars will decrease, but the impact on the equilibrium quantity of cars cannot be determined without additional information

Read more on demand here:

brainly.com/question/516635

#SPJ1

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A company has two products: standard and deluxe. The company expects to produce 37,775 standard units and 63,640 deluxe units. I
jarptica [38.1K]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the activity rates for each cost pool:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 103,850 / (2,500 + 5,250)= $13.4 per unit of activity

Activity 2= 106,000 / (4,500 + 5,500)= $10.6 per unit of activity

Activity 3= 95,120 / (3,000 + 2,800)= $16.4 per unit of activity

<u>Now, we can allocate overhead to Standard:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard:

Activity 1= 13.4*2,500= $33,500

Activity 2= 10.6*4,500= $47,700

Activity 3= 16.4*3,000= $49,200

Total allocated costs= $130,400

<u>Finally, the unitary cost:</u>

Unitary cost= 130,400 / 37,775

Unitary cost= $3.45

7 0
3 years ago
This is an organization of workers that negotiates with employers for better pay
a_sh-v [17]

Answer: The correct answer is a labor union.

Explanation: A labor union is an organized group of workers who are often in a common trade or profession. The union is formed to protect and further the rights and interests of the members. This normally includes collectively bargaining, where the labor union negotiates the salaries and benefits that will be paid to all of its members.

5 0
3 years ago
For each separate case below, follow the 3-step process for adjusting the prepaid asset account at December 31. Step 1: Determin
svetoff [14.1K]

PART A

Answer:

Insurance expense debit for 3,800

        Insurance prepaid credit for 3,800

Explanation:

a.- Prepaid Insurance. The Prepaid Insurance account has a $4,700 debit balance to start the year. A re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end.

Step 1:  Currently equals to $4,700

Step 2: It should equal $900

In this Case: It is giving us the begining balance, and then it proceeds to tell us the ammount unexpired, which means the ending balance. So the <em>diference will be the adjuting entry</em>

Step 3: $4700 - $900 = $3,800

insurance expense debit for 3,800

  insurance prepaid credit for 3,800

PART B

Answer:

insurance expense 1040  debit

        prepaid insurance               1040credit

Explanation:

b.- Prepaid Insurance. The Prepaid Insurance account has a $5,890 debit balance at the start of the year. A review of insurance policies and payments shows $1,040 of insurance has expired by year-end.

Step 1: Curently equals to $5,890

Step 2: 5,890 - 1,040 expired portion = 4,850 unexpired portion

            The blaance should be 4,850

In this Case: It is giving us the begining balance, and then it proceeds to tell us the ammount expired, which means the adjusting entry. So the <em>diference will be the ending balance</em>

Step 3

The adjusting entry must be made for 1,040 which is the expired portion

insurance expense 1040  debit

       prepaid insurance               1040credit

PART C

Answer:

rent expense   4,000 debit

        prepaid rent                4,000 credit

Explanation:

C.- PrepaidRent. On September 1 of the current year, the company prepaid $24,000 for 2 years of rent for facilities being occupied that day. The company debited Prepaid Rent and credited Cash for $24,000.

Step 1 Current balance is 24,000

In this Case: It is giving us the begining balance, and then it proceeds to tell us <em>information about the contract,</em> which means <em>we are going to work to get the expired portion</em> and with that calculate the ending balance like on part B

Step 2 We are at December 31th the expired portion will be 4 months (September, October, November and December) so:

        24,000

-----------------------------   x 4 months expired = 4,000 expired portion

24 month of contract

24,000 - 4,000 = 20,000

<em>begining - expired = ending AKA "unexpired"</em>

<em>The balance should be equal to 20,000</em>

<em />

Step 3: the adjusting entry should be done for 4,000 which is the expired portion of the rent.

rent expense   4,000 debit

   prepaid rent                4,000 credit

7 0
3 years ago
What is a vision statement
FromTheMoon [43]
A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
8 0
3 years ago
Read 2 more answers
In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What
Brut [27]

Answer:

The general purpose of Georges speech is to make people shift towards adopting ways that would reduce plastic waste.

The world is currently suffering from plastic waste which is non biodegradable. It is harming the environment and destroying sea life.

Water being the most used product, using a reusable plastic water bottle would mean you use lease disposable ones that would automatically reduce plastic waste considerable. A huge different can be made to the hearths environment through it.

4 0
3 years ago
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