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2 years ago

How does supply and demand inform the choices of consumers and business owners?

1 answer:

6 0

<span>In the sale of goods and services, price is determined by the interaction between supply and demand. In a graph, the point where the supply curve and demand curve intersect is called the equilibrium point. This point corresponds to the equilibrium price, the one a business should seek to charge. If suppliers charge a price higher than equilibrium a surplus will result. If they charge less a shortage will result</span>

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Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the y

MrMuchimi

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The total factory overhead for Bardot Marine Company is budgeted for the year at $664,125, divided into two departments:

Fabrication, $406,875

Assembly, $257,250.

The speedboats require three direct labor hours in Fabrication and three direct labor hours in Assembly.

The bass boats require two direct labor hours in Fabrication and three direct labor hours in Assembly.

Each product is budgeted for 3,500 units of production for the year.

A) Budgeted direct labor hours:

Fabrication:

Speedboats= 3500*3= 10500 hours

Bass boats= 3500*2= 7000 hours

Total= 17,500

Assembly:

Speedboats= 3500*3= 10500 hours

Bass boats= 3500*3= 10500 hours

Total= 21,000 hours

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

Fabrication= 406875/17500= $23.25 per direct labor hour

Assembly= 257250/21000= $12.25

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

Allocated MOH Fabrication= 23.25*5 + 12.25*6= $189.75 per unit

3 0

2 years ago

6: the cost of a protein bar increased from $2.50 to $2.80. the percent increase in the $2.80 rate was how much?

fredd [130]

<span>The original cost of protein bar = $2.50
The increased cost of protein bar = $2.80
Therefore, the increase in price of the protein bar = $2.80-$2.50 =$0.30 percentage increase = (Difference in price / Original price) x 100
=(0.30/2.50)x100
=(3/25)x100
=3 x 4
=12%</span>

5 0

3 years ago

The Housing Financial Discrimination Act (Holden Act) prohibits all financial institutions from discriminating in real estate lo

Rainbow [258]

Answer:

Redlining

Explanation:

Redlining stems from discrimination that consists denial of services, maybe financial based on the group one may fall under such as race, ethnicity or location. The Holden act(1977) is a real estate act of California meant to protect individuals from discriminations such as ones that involve denial of mortgage loan on the basis of something other than the credit worthiness of the individual . These discriminations could take the form of mortgage loan and, insurance loan denials or other financial services based on creditworthiness history of the group the person may fall under and not necessarily the individual's qualifications on his own

8 0

2 years ago

Your company has just taken out a 1-year installment loan for $82,500 at a nominal rate of 12.0% but with equal end-of-month pay

Bas_tet [7]

Answer:

89.63% of 2nd month payment will go towards the payment of principal.

Explanation:

Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 12% per year = 1% per month

n = number months = 12 months

PV = present value of all payments = $82,500

P = payment per month = ?

P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12

P = $7,330 per month

Month Payments Principal Interest Balance

1 -7330 -6505 -825 75995

2 -7330 -6570 -760 69,425

Percentage of Principal Payment = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%

6 0

2 years ago

The cashier for Bell Buoy rang up sales totaling $5,104, but had $5,120 to deposit, which journal entry would be recorded? Multi

alexandr402 [8]

Answer:

A debit to Cash for $5,120, a credit to Cash Overage for $16, and a credit to Sales Revenue for $5,104.

Explanation:

In the current situation, the cash received is in excess of revenue recorded, thus, there will be cash overage.

As per books cash shall be $5,104 but since actual cash is $5,120 there is cash overage of $16

Therefore, for this, actual cash received shall be debited = $1,520

Cash overage shall be credited for $16

And accordingly sales of $5,104 shall be recorded as a credit.

Thus, correct option is: Entry A

3 0

3 years ago