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Evgen [1.6K]
3 years ago
5

true or false: a supply curve describes how much a producer of services are willing to sell at different prices

Business
1 answer:
densk [106]3 years ago
4 0

Answer:

True

Explanation:

The supply curve is a graph showing the quantities of a good or service a supplier is willing and able to supply at differnt prices.

According to the law of supply. the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

the supply curve is upward sloping

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A(n) __________ contract is a contract in which one or both parties has the ability to either withdraw from or enforce the contr
Lera25 [3.4K]

Answer:

Voidable Contract

Explanation:

Voidable Contract

This is a type of contract or legal agreement in which any of the parties involved or the both parties may chose to render it unenforceable for a given number of reasons. This type us different from a void contract in that, it is a valid contract which may either be affirmed or rejected by both or either parties.

Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

8 0
3 years ago
Read 2 more answers
According to a sustainability survey commissioned by the consulting firm KPMG, approximately ________ of large and mid-sized com
GREYUIT [131]

Answer: 62 percent

Explanation: A sustainability survey commissioned by the consulting firm KPMG, stated that approximately 62 percent of large and mid-sized companies worldwide have an active sustainability program in place, and that another 11 percent are developing one. Sustainable development is aimed at replacing economic development, thus encouraging better environmental

and sustainability performance.

7 0
3 years ago
Read 2 more answers
Product A - proposed lavender ice cream
Lemur [1.5K]

Based on the indicators above, especially the preference of products by consumers, participants preferred <u>Product B (60%)</u> to Product A (40%).

<h3>What is a brand preference?</h3>

Brand preference refers to the choice of a specific company's brand (product or service) when compared with other, equally priced, and available brand (product or service) options.

Typically, brand preference reflects:

  • Customer loyalty
  • Successful marketing tactics
  • Brand strengths.

<h3>Data and Calculations:</h3>

Question                                                              Results     Scale

How much did you like Product A?                        3.2         1-5

How much did you like Product B?                        3.9         1-5

Did you prefer Product A?                                     40%       100%

Did you prefer Product B?                                     60%       100%

How would you rate the taste of Product A?         5.1         1-7

How would you rate the design of Product A?     2.9         1-7

How would you rate the boldness of Product A? 4.2         1-7

How would you rate the smell of Product A?       6.0         1-7

Would you buy Product A if it was

available in the store? Yes =                               25%       Yes / No

Thus, based on the indicators above, especially the preference of products by consumers, the survey participants preferred <u>Product B (60%).</u>

Learn more about brand preferences at brainly.com/question/14286452

4 0
2 years ago
Lawrence Company applies manufacturing overhead to jobs based on machine hours used.
NikAS [45]

Answer:

Under/over applied overhead= $10,000 underallocated

Explanation:

Giving the following information:

Overhead costs are estimated to be​ $300,000.

The estimated machine hours are​ 125,000 hours.

During the​ year, actual overhead costs totaled​ $322,0000 and it incurred​ 130,000 machine hours.

First, we need to calculate the estimated manufacturing overhead rate:

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

Estimated manufacturing overhead rate= 300,000/125,000= $2.4 per machine hour

Now, we can allocate overhead

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

Allocated MOH= 2.4*130,000= $312,000

Finally, we determine the under/over allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 322,000 - 312,000= $10,000 underallocated

3 0
3 years ago
Do the Math 3-3 Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below
LUCKY_DIMON [66]

Answer:

Liquidity Ratio = 3.33

Asset to Debt ratio = 1.94

Debt to Income ratio = 95.57%

Debt Payments to disposable income = 36.76%

Investment assets to total assets = 23.51%

Explanation:

Liquidity Ratio = [ Liquid Assets ] ÷ [ Short Term Debt ]

= $14,000 ÷ $4,200

= 3.33

Asset to Debt ratio = [ Total Assets ] ÷ [ Total debt ]

= $319,000 ÷ $164,200

= 1.94

Debt to Income ratio = [  Total Debt ] ÷ [ (Gross Income + Disposable income -expenses) ]

= $164,000 ÷ [ ($13,000 + $6800 - $5500) × 12 ]

= 0.9557 or 0.9557 × 100% = 95.57%

Debt Payments to disposable income

= [ Long term debt payment + short term debt payment ] ÷ [ Disposable income ]

= [ $2,200 + $300 ] ÷ $6,800

= 0.3676 = 36.76%

Investment assets to total assets

= $75,000 ÷ $319,000

= 0.2351 = 23.51%

4 0
3 years ago
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