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2 years ago

As the price of computers fall the duqantity of computers demand increase. This is an application of

1 answer:

3 0

As the price of computers falls the quantity of computer demand increases. This is an application of the law of demand.

What do you understand by the Law of Demand?

According to the law of demand, pricing has an inverse relationship with the number of goods purchased. Alternatively said, the quantity requested decreases as the price increases. Decreasing marginal utility is what causes this.

What is the Law of Decreasing Marginal Utility?

According to the law of diminishing marginal utility, consumption grows at the same time that the marginal utility from each new unit decreases. The incremental gain in utility caused by consuming one more unit is called the marginal utility. The word "utility" is used in economics to denote happiness or contentment.

Know more about the Law of Demand:

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Consider the following: Cash in Bank - checking account of $13,500, Cash on hand of $500, Post-dated checks received totaling $3

borishaifa [10]

Answer:

b. $ 14,000

Explanation:

In the cash section of balance sheet, it includes cash on hand, cash in check accounts and normal deposit with term lower than 3 months.

Thus in this case, the cash should be reported in the statement = Cash in Bank - checking account of $13,500 + Cash on hand of $500 = $14,000

Post-dated checks received totaling $3,500 is a check on which the issuer has stated a date later than the current date, so it is not reported in current position

Certificates of deposit totaling$124,000 is reported in investment (short term or long term subject to the tenor of deposit)

7 0

3 years ago

A company has a selling price of $1,300 each for its printers. Each printer has a 2 year warranty that covers replacement of def

riadik2000 [5.3K]

Answer:

$56,000

Explanation:

The computation of the warranty expense for the month of November is shown below:

Warranty expense = Number of printers × Estimated percentage of defectives parts × Average cost per printer

= 20,000 printers × 2% × $140

= 400 × 1460

= $56,000

We simply multiplied the number of printers with the estimated percentage and the average printer cost so that the warranty expense could come

3 0

3 years ago

Computing absorption costing gross profit

Lynna [10]

Answer:

a lot of information is missing, so I looked for a similar question that can help you understand this one:

Variable costs (including direct labor, direct materials and variable overhead) = $80 per units

Fixed overhead = $150,000

a) If Adamson produces 2,000 units, the total cost per unit = $80 + ($150,000 / 2,000) = $80 + $75 = $155

gross profit = total sales revenue - total cogs = (2,000 x $175) - (2,000 x $155) = $350,000 - $310,000 = $40,000

b) If Adamson produces 2,500 units, the total cost per unit = $80 + ($150,000 / 2,500) = $80 + $60 = $140

gross profit = total sales revenue - total cogs = (2,000 x $175) - (2,000 x $140) = $350,000 - $280,000 = $70,000

c) If Adamson produces 5,000 units, the total cost per unit = $80 + ($150,000 / 5,000) = $80 + $30 = $110

gross profit = total sales revenue - total cogs = (2,000 x $175) - (2,000 x $110) = $350,000 - $220,000 = $130,000

4 0

3 years ago

A potential benefit of telecommuting is that it _____. reduces employee turnover regulates work routine increases interaction wi

Lyrx [107]

In the given choices above, the potential benefit of telecommunication is that it was able to provide a reduce employee turnover because its task was able to provide a technology of which information exchange is made easy and the employees are given benefits.

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3 years ago

As a result of the organizing campaign at Champlain Products, the union obtained signed authorization cards from 41% of the empl

xz_007 [3.2K]

Answer:

Please see explanation below.

Explanation:

The next step is to conduct a secret ballot election which will be supervised by National Labor Relations Board (NLRB) as might be required by the employer-Champlain products inorder to obtain voluntary support from the employees that the union wants to represent. The reason being that the management might decided not to recognize the card checks practise on the basis that a union without a secret ballot election is not reliable hence employees that signed the card might have been intimidated or coerced by the union to do so.

Where the management refuses to recognize the card check that was signed by at least 41% of the employees it wants to represent, management would then request for secret ballot election where employees would be able to vote confidentially without coercion or undue influence from the union or co-workers.

5 0

4 years ago