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PtichkaEL [24]
4 years ago
6

The rationing function of prices means that

Business
1 answer:
sergeinik [125]4 years ago
7 0

Answer:

A) buyers and sellers synchronize their decisions through the price system

Explanation:

Buyers are affected by the price mechanism and generally demand less at higher prices while sellers offer more when the price is higher. This provides a rationing mechanism that is not controlled by a central authority.

You might be interested in
Peters, Inc. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requi
alexdok [17]

Answer:

P1 $36,000

Q2 $54,000

B2 $90,000

Explanation:

For computing each ordering and receiving overhead assigned, first we have to calculate the price per order which is shown below:

= Total cost of purchase orders ÷ total purchase orders

where,

Total purchase orders = P1 purchase orders + Q2 purchase orders + R3 purchase orders

= 400 + 600 + 1,000

= 2,000 purchase orders

And, the Total cost of purchase orders is $180,000

Now put these values to the above formula  

So, the price would equal to

= $180,000 ÷ 2,000 orders

= $90

Now we can compute easily.

For P1 = Purchase orders × price per order

          = 400 × $90

          = $36,000

For Q2 = Purchase orders  × price per order

            = 600 × $90

            = $54,000

For R3 = Purchase orders  × price per order

           = 1,000 × $90

           = $90,000

The given options are not correct

4 0
3 years ago
A one-time gift to your college will provide $25,000 in scholarship funds next year with that amount increasing by 2 percent ann
kherson [118]

Answer:

c) $714,285.71

Explanation:

The computation of the current value of this perpetual gift is shown below:

= (Scholarship fund provided next year) ÷ (discount rate - growth rate)

= ($25,000) ÷ (5.5% - 2%)

= ($25,000) ÷ (3.5%)

= $714,285.71

In order to find out the current value, we considered all the given information that are mentioned in the question

6 0
4 years ago
If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a
marshall27 [118]

Answer:

2

Explanation:

8 0
3 years ago
Which of the following is considered to be an accrued expense?
scoundrel [369]

Answer:

B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

Explanation:

An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.

8 0
4 years ago
A process with no beginning work in process, completed and transferred out 28,000 units during a period and had 14,000 units in
leonid [27]

Answer:

35,000 equivalent units

Explanation:

The equivalent untis will consider both, the competed units and the portion of work done in the ending Work in Process.

So we will add the complete and transferred with the ending invenory times completion percnet

complete and transferred 28,000

ending work in process 14,000 at 50% = 7,000

28,000 + 7,000 = 35,000

6 0
3 years ago
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