Answer:
2
Explanation:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the price of the ticket is reduced, the quantity demanded would increase
If on the other hand, prices are increased, the quantity demanded would reduce.
Answer:
3,000 units and 1,950 units
Explanation:
For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:
Ending work in process units = Beginning inventory + units started - units completed and transferred
= 2,500 units + 18,000 units - 17,500 units
= 3,000 units
Now the equivalent units of ending work in process for materials would be
= 3,000 units × 100%
= 3,000 units
And, for conversion cost it would be
= 3,000 units × 65%
= 1,950 units
Answer:
D) credible commitment
Explanation:
This is basically an exclusive supplier agreement since Sparkling Leaves and Stan Motors signed a contract that lasts 15 year, and it states that Sparkling Leaves will provide automobile tools only to Stan Motors and Stan Motors will only purchase the tools they need from Sparkling Leaves.
Such a contract needs a serious and credible commitment between both parties, since it lasts several years and it binds both companies to work together exclusively for that period.
Answer:
b. $14,939
Explanation:
Property placed in service in 1st year:
Amount $
2nd quarter 15,000
3rd quarter 6,000
4th quarter <u>40,000</u>
Total furnishing at beginning of 2nd Year $61,000
Half Year depreciation rate in 2nd Year as per Macrs table under "7 years life" assets, the applicable depreciation in the 2nd year is 24.49%
Thus, amount of depreciation expense is allowable in the current (second) year of ownership = $61,000 * 24.49% = $14938.90
