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Anon25 [30]
3 years ago
9

How to supply and demand work together to determine price? In other words, what happens to both supply and demand when prices ri

se/fall?
Business
1 answer:
cricket20 [7]3 years ago
6 0
A key function of the market is to find the equilibrium price<span> when </span>supply and demand<span> are in balance. At this </span>price<span>, the goods </span>supplied<span> are equal to what is being demanded thereby bringing about the most efficient allocation of the goods.</span>
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Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as
-BARSIC- [3]

Answer:

D) $3,285.

Explanation:

Date                                                  Purchases        Sales

Jan. 1   initial inventory 500 @ $9

Jan. 14                                                375 @ $14  

Jan. 17                                                250 @ $10  

Jan. 25                                               250 @ $11  

Jan. 29                                               260 @ $16  

January 31 only 365 units left.

Under LIFO what is the cost of inventory?

365 units x $9 per unit = $3,285

7 0
3 years ago
Which of the following is NOT an example of a caught-in or caught-between hazard?
liraira [26]
B cutting a finger while using a miter saw is the answer you are looking for. 
6 0
3 years ago
Read 2 more answers
Several years ago, Walters Company issued bonds with a face value of $1,000,000 at par. As a result of declining interest rates,
Pavel [41]

Answer:

Walter company Journal $

Date

Bond investment Dr 1,000,000

Bond premium Dr 50,000

Bank Cr. 1,050,000

Narration. Bond retirement at a premium of 5% over par.

Explanation:

The bond investment account is kept fixed at the amount at which it was subscribe, the corresponding interest are debited to income statement on payment to the bond holders.

In the same vein the retirement of the bond at a premium represents an expenses to the firm which has to be debited to the income statement on payment to the bond holders.

8 0
3 years ago
Jennifer, lisa, and christina are having an in-depth conversation about a previous relationship that was abusive. each of the wo
Effectus [21]
<span>This is a dialogic form of conversation. In dialogic form of conversation everyone puts forward his/her main points and hence the conversation become dialogic. In this conversation also all the three people are putting forward their points on previous relationship that was abusive. Also each of them is participating equally.</span>
6 0
3 years ago
Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year life, with
arsen [322]

Answer:

Using the straight-line method, the book value at December 31, 2018 would be $53.760

Explanation:

                2018 2019 2020 2021 2022

Cost      67200 53.760 40.320 26.880 13.440

Dep-Acu      13.440 13.440 13.440 13.440 13.440

Book Value53.760 40.320 26.880 13.440 0

3 0
3 years ago
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