Answer:
4
Explanation:
Data provided in the question
Annual demand of product A = 1,000,000 units
Per week production for one machine = 4,500 units
So for annual the production for one week is
= 4,500 weeks × 52 weeks
= 234,000 units
Now the gap left is
= 1,000,000 units - 234,000 units
= 766,000 units
So, the similar machines would be
= 766,000 units ÷ 234,000 units
= 3.27
= 4 round off
Rent expense, land purchased, utility, salary expense, accounts payable, dividend, salaries, insurance---that is your expense for the year. Look at your income is Retained earning, accounts receivable, service revenue, common stock. Add all the expense and subtract from earning that will be your net income.
Answer:
$8500
Explanation:
Beg AP bal = 3000
Sold 1/2 of merch on acct = add 2500
Paid suppliers = subtract 1000
Bought more merch on acct = add 4000
3000 + 2500 - 1000 + 4000 = 8500
Ending AP bal = 8500
Answer: c.
In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.
If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.
The reverse happens when there is a shortage. When there is less supply in the market, price increases.
Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.
Answer:
when the velocity of money is high, it means each dollar is moving fast to purchase goods and services. It reflects high demand,which generates more production. When the velocity is low, each dollar is not being used very often to buy things.
