Answer:
d. Generates a change in quantity demanded.
Explanation:
Because in this case only the price is changing and all other factors are held constant the demand curve will not move and any movement that will take place will be along the demand curve. If the price increases the quantity demanded will decrease and if the price decreases the quantity demanded will increase, the reason for this is that the demand curve is downward sloping, therefore a price change will only change the quantity demanded.
Answer:
Borrow $7,500
Explanation:
The calculation of the amount that should be required to maintain the required balance is given below:
Preliminary cash balance
= Opening balance + Cash receipts - Cash disbursements
= $16,000 + $126,000 - $134,500
= $7,500
Since we have to maintain $15,000 so we have to borrow the following amount
= $15,000 - $7,500
= $7,500
Answer:
OLTP (Online Transaction Process)
Explanation:
Online transaction processing or OLTP, which is database software, used to design as well as support the applications related to transactions on the Internet.
This database system is mostly used for the retail sales, order entry, management of customer relationship and financial transaction through the medium of Internet.
So, OLTP captures the event as well as transaction information using the technology for processing the information as per the rules of the business, update the information and store the information.
Answer:
$160 overapplied
Explanation:
Icy Mocha company estimates it's factory overhead costs to be $35,000 and machine hours to be 5,000 for a period of one year.
The actual number of hours worked on job 333 and 334 equals a total of 4,980
The actual factory overhead costs are $34,700
The first step is to calculate the predetermined overhead rate
= Overhead costs/machine hours
= $35,000/5,000
= $7
The amount of either over or underapplied factory costs can be calculated as follows
= predetermined overhead rate×actual number of hours worked
= $7×4,980
= $34,860
The amount is then subtracted from the actual overhead costs
= $34,700-$34860
= -$160
= $160 overapplied
Hence the amount of overapplied factory overhead is $160
Answer:
b. False
Explanation:
A Referent power in an organization my be defined as the power of a person or a company that is based on high level of identification with that of admiration or inspiration or out of respect.
Thus in the context, the Acme company does not uses its referent power to its distribution channel when the company decides to limit the supply of the its compressors to some of its distributors as the distributors are selling some of the air compressors of the competitor company.
Hence the answer is FALSE.
