Answer:
amount of a product and the price a consumer pays
Explanation:
A chart that shows the relationship between quantity demanded and price shows the relationship between the amount of a product purchased by a consumer and the price of the prodcut.
It doesn't show the relationship between th3 interest a consumer has in a product and its price. Interest doesn't always translate in demand for the product. A consumer might be interested in a product but might not buy it due to its price or other factors.
A chart that shows the relationship between price and quantity demanded is the demand curve. It plots price on the vertical axis and quantity demanded on the horizontal axis. The demand curve is usually downward sloping to illustrate the law of demand. The law of demand says that the higher the price of a product, the lower the quantity demanded and the lower the price of a product, the higher the quantity demanded.
Answer:
the amount of increase in the common stock is $75,000
Explanation:
The computation of the amount of increase in the common stock is shown below;
= Number of shares of common stock sold × stated value per share
= 15,000 shares × $5 per share
= $75,000
Hence, the amount of increase in the common stock is $75,000
Answer:
amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.
Explanation:
Standard quantity per unit is defined as materials that the manufacturer needs to complete a unit of a product. It also allows for inefficiencies such as spoilage and scrap.
It is used by managers to reduce wastage that exists during production by allocation of only the required amount of direct materials in the production process.
Answer:
Interest expense = 30,000*5%*1/12
Interest expense = 30,000*0.00416666667
Interest expense = $125.0000001
The journal entry will be:
Description Debit Credit
Interest expense $125
Notes payable $441.14
Cash $566.14
Answer:
The correct answer is letter "D": deducted to arrive at an employee's net pay.
Explanation:
Federal income taxes represent the main monetary resource from where the government can fund its diverse projects. These sources are also allocated to deal with common social issues such as building highways, improving education or funding social programs such as Medicare.
When it comes to wages,<em> the federal income taxes are deducted from the gross income of workers resulting in their net payment which is the actual amount of money employees see in their checks</em>.
