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Natasha2012 [34]
3 years ago
10

Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the o

ther good to ____
Business
1 answer:
Volgvan3 years ago
8 0

Answer:

Fall or decrease

Explanation:

Other things being constant, if two goods are close substitutes, decrease in the price of one good will lead to fall in the demand of its substitute, The price of the good that has fallen is now available at cheaper price. So consumers will demand more of cheaper good, thereby increasing its demand and decreasing the demand of substitute good. As such, both equilibrium price and quantity of other good falls or decrease.

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uses job order costing to measure and track product costs. Raleigh has determined that machine hours drive its manufacturing ove
polet [3.4K]

Answer:

Allocated MOH= $4,000

Explanation:

Giving the following information:

Machine hours used 1,000 hours

If total manufacturing overhead costs during the month totaled $100,000 when a total of 25,000 machine hours were used

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 100,000/25,000= $4 per machine hour

Now, we can allocate overhead to Product 95:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4*1,000= $4,000

5 0
3 years ago
In economic terms, what is the term used for the loss of other alternatives when one alternative is choosen
yulyashka [42]
C. opportunity cost is the benefit not received as a result of not selecting the best option
7 0
2 years ago
Use the following information for Jake Company: Sales Revenue .......................................... $2,000,000 Interest/Div
sashaice [31]

Answer: $750,000

Explanation:

Net Income

Sales Revenue                                 2,000,000

Interest/ Dividend Revenue      <u>          50,000</u>

                                                         2,050,000

Cost of Goods sold                         (1,000,000)

Selling and Admin expenses            (200,000)

Loss on Discontinued                       <u> (100,000)</u>

Net Income                                        $750,000

6 0
2 years ago
An ad in a professional journal targeted to an audience of dentists asked dentists to recommend Crest toothpaste to their patien
ruslelena [56]

An ad in a professional journal targeted to an audience of dentists asked dentists to recommend Crest toothpaste to their patients. It offered toothpaste samples that dentists could buy at cost to give to their patients to encourage patients to take better care of their teeth. The manufacturer of Crest toothpaste was using push strategy.

<h3>What is meant by push strategy?</h3>

A Push Marketing Strategy also called push promotional strategy, where businesses attempt to take their products to the customers. In a Push marketing strategy, the goal is to use various marketing techniques or channels to 'Push' their products in order to be seen by the consumers starting at the point of purchase.

To learn more about push strategy visit the link

brainly.com/question/27961875

#SPJ4

3 0
2 years ago
Marshall Manufacturing issues a $1,000 bond with an interest rate of 10%, and a maturity date of 2031. This creates a liability
Alina [70]

Answer:

The correct option is d. $100 interest per year and $1,000 in the year 2031.

Explanation:

Bond can be described as a financial instrument showing that certain amount of money is being owed to the holder. The bondholder has to be paid periodic interest at a specific rate and bond value has to paid back to the holder at the maturity date.

From the question, we have:

Bond value = $1,000

Interest rate = 10%

Maturity date = 2031

Therefore, we have:

Interest per year = Interest rate * Bond value = 10% * $1,000 = $100 per year

This implies that this creates a liability for Marshall Manufacturing to pay the bondholder $100 interest per year and $1,000 in the year 2031.

Therefore, the correct option is d. $100 interest per year and $1,000 in the year 2031.

7 0
2 years ago
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