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Assoli18 [71]
1 year ago
8

In the market for cell phones, if the supply of cell phones increases what will happen to the price and quantity of cell phones?

.
Business
1 answer:
charle [14.2K]1 year ago
3 0

If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.

<h3>What is the impact of an increase in the price of cell phones?</h3>

When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.

At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.

To learn more about an increase in supply, please check: brainly.com/question/14727864

#SPJ1

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Explain the effect that price has on goods and services are produced
Zinaida [17]

Positive coorelation.

A price goes up, more companies will produce goods and services because they want to take advantage of the higher price.

4 0
3 years ago
A Municipal Finance Professional (MFP) lives in State A. The MFP gives $200 to the election campaign of a personal friend who is
Darya [45]

Answer:

B The payment will not result in the employing firm being banned from doing municipal securities business with State B because it was made based on a personal relationship.

Explanation:

The rule of de minimis applies to persons making donations to candidates vying for elective positions.  $250 de minimis is applicable to a person who will vote for a candidate in an election.  If a person will not vote for the candidate, the de minimis is $150.

In this case, the MFP will not be voting for the candidate.  She is allowed to donate only $150.  Any excess will be refunded.  However, since the MFP is making the donation on his personal capacity, the firm as a separate entity will not be penalized for what the MFP does with her money.  It is likely that the firm does not even do contracts with the municipality.  However, they are not based in the same area.

8 0
3 years ago
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manu
ivolga24 [154]

Answer:

c.$188,150

Explanation:

                                          April               May              June

Manufacturing costs* $157,700         $198,300      $201,000

Payment April Costs    $118.275      $39,425

<u>Payment May Costs                         </u><u> 148,725</u><u>           49,575</u>

Cash Payments                                 $ 188,150

None other costs will be paid in the month Of May.

*Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $870 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October). ***Property tax is paid once a year in November.

5 0
3 years ago
A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 Skip to question [The following information applies
trasher [3.6K]

Answer:

Marcelino Co.

Total production cost incurred for April and the total cost assigned to each job:

                                      Job 306        Job 307         Job 308         Total

Total production cost

 incurred for April      $294,000      $437,500      $271,000  $1,002,500

Total cost assigned    $356,500     $507,000      $271,000   $1,134,500

Explanation:

a) Data and Calculations:

March 31 inventory of

raw materials =                       $88,000

April costs:

Raw materials purchases = $540,000

Factory payroll cost =          $380,000

Overhead costs incurred = $206,000

Total costs =                       $1,214,000

April ending WIP inventory    271,000

Total cost incurred             $943,000

Overhead costs incurred:

Indirect materials = $59,000

Indirect labor = $25,000

Factory rent = $38,000

Factory utilities = $23,000

Factory equipment depreciation = $61,000

Total factory overhead = $206,000

Predetermined overhead rate = 50% of DLC

Sales of Job 306 in April = $655,000 cash

                                      Job 306        Job 307         Job 308         Total

Balances on March 31

Direct materials             $28,000       $44,000                             $72,000

Direct labor                      23,000          17,000                               40,000

Applied overhead             11,500           8,500                               20,000

Total Beginning WIP     $62,500      $69,500       $0                $132,000

Costs during April

Direct materials             138,000       205,000       $115,000      458,000

Direct labor                   104,000       155,000         104,000       363,000

Applied overhead          52,000         77,500          52,000        181,500

Total production cost

 incurred for April    $294,000     $437,500      $271,000  $1,002,500

Total cost assigned  $356,500    $507,000      $271,000   $1,134,500

Status on April 30 Finished (sold)   Finished (unsold)   In process

                                   Job 306            Job 307              Job 308

6 0
3 years ago
Rules and regulations enacted by various federal agencies are important to real estate because?
NISA [10]

Rules and regulations enacted by various federal agent are crucial to real estate because. A. they are laws passed by Congress.

<h3>Why is ruling the most important source of law?</h3>

The ruling is a powerful source of law. In principle, it ties the whole society. Courts are institutions that use the law on daily basis. Judges and magistrates, like all lawyers, consult legislation and governments of common law and custom using the particular case before them.

Legislation is useful in delivering a framework for governmental action in fields that are either completely new or that were not considered by the standard law to be within the province of governmental action.

To learn more about Rules and regulations visit the link

brainly.com/question/27557368

#SPJ4

4 0
2 years ago
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