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2 years ago

What is supply and demand?

Business

1 answer:

ehidna [41]2 years ago

5 0

Answer:

Supply and demand is an interection between the sellers of a product and the people who want to buy that product. Price is affected by supply and demand in a market. Supply and demand is affected by technology and working conditions.

Demand and supply can be graphed to calculate the best price for a product. The space where the 2 lines meet is the equilibrium price.

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Last month, when 10,000 units of a product were manufactured, the cost per unit was $60. At this level of activity, variable cos

anastassius [24]

Answer:

Total cost per unit will decrease.

Explanation:

Solutions:

Variable cost is 0.5 of the total cost

Given that total cost=fc+vc

Find FC since VC is given

Therefore :

1st month cost behavior

$60*0.5 = $30

$300,000/10,000 = $30 (fixed)

2nd month cost behavior

$300,000/10,500 = $28.57(fixed)

Add the different months together

Then have

30+28.57 = 58.57 < 60

7 0

3 years ago

The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenu

pogonyaev

<u>Complete Question:</u>

Apply the accounting equation; construct a balance sheet) The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):

Complete Table is in the attachment given at the end of the answer.

Requirement 1.

Construct the balance sheet of Jill Carlson Realty Company at January 31, 2018. Use the accounting equation to compute ending retained earnings.

<h2>Answer:</h2>

Balance Sheet of Jill Carlson Realty Company, as of January 31, 2018

<h2><u>ASSETS</u></h2>

Current Assets

Cash $57.2

Receivables $0.5

Non Current Assets

Investment Assets $79.4

Property, Plant and Equipment $1.6

Other Assets <u> $9.3 </u>

Total Assets <u> $148 </u>

<h2><u>LIABILITIES</u></h2>

Current Liabilities $2.9

Non Current Liabilities <u> </u><u>$102.6</u>

Total Liabilities <u> $105.5 </u>

<u>EQUITY</u>

Common Stock $39.2

Closing Retained Earnings (Step1) <u> $3.3 </u>

Total Equity <u> $42.5</u>

<u></u>

<u>Step 1: Find Closing Retained Earnings</u>

As we know that:

Closing Retained Earnings = Total Assets - Total Liabilities - Common Stock

Here

Total Assets is $148 million

Total liabilities is $105.5 million

Common Stock is $39.2 million

By putting these values in the above equation, we have:

Closing Retained Earnings = $148 million - $105.5 million - $39.2 million

Closing Retained Earnings = <u>$3.3 million</u>

7 0

3 years ago

?_____ are responsible for developing operational plans. ?middle managers ?board of directors ?top managers ?lower-level manager

Gelneren [198K]

The answer is your last option: lower-level managers. Hope I helped! :)

7 0

3 years ago

"Bronson Manufacturing is planning to issue $12 million in bonds. Based on a poll of potential investors, they have the highest

telo118 [61]

Answer:

C.eight-year bond with 5.5% annual interest rate

Explanation:

The computation of the total options under each option is as follows:

As we assume the par value be $1,000

For Option A

Total interest

= 9.5% × $1,000 × 3 years

= $285

For Option B

Total interest is

= 7.25% × $1,000 × 4 years

= $290

For Option C

Total interest is

= 5.5% × $1,000 × 8 years

= $440

For Option D

Total interest is

= 6% × $1,000 × 6 years

= $360

As we can see that the option C contains high value of the total interest. So the same is to be selected

6 0

2 years ago

A _________ approach is found frequently among companies with strong engineering orientations, pharmaceutical and biomedical fir

Korvikt [17]

Answer: Option B

Explanation: In simple words, top down approach refers to the approach ion which the organisation break down its system to have better and clear understanding of the sub systems within.

This approach is used by organisations doing complex business activities or involving high technical skills. Hence this approach is used by firms like biomedical ,financial services and high technology companies etc.

8 0

3 years ago