<span>A and b are substitute goods, but a and c are complementary goods. If the cost of producing a decreases, then the demand for B will decrease and the demand for C will increase. The demand changes due to price and substitutes. If something is a direct substitute of something else and the demand for the item is the same and one is cheaper, the demand for the cheaper, same item will remain constant. </span>
Answer:
Equivalent units for materials in beginning work process is 6,940 units Equivalent units for conversion in ending work process is 6,800 units
Explanation:
Beginning work process:
Equivalent units for materials = 6,100 + (1,400 × 60%) = 6,940 units Cost per equivalent unit for materials = ($7,800 + $102,700) ÷ 6,940 = 15.92
Ending work process:
Equivalent units for conversion = 6,100 + (1400 × 50%) = 6,800 units
Cost per equivalent unit for materials = ($9,100 + $184,000) ÷ 6800 = 28.40
Cost of ending work in process = (1,400 × 60%) × 15.92219 +(1400 × 50%) × 28.39706
= 33,253 (Rounded off)
Answer:
Option C. Statements identifying the responsibility of the auditors and management for internal control over financial reporting.
Explanation:
The reason is that the introductory paragraph eliminates the confusion about the role and responsibility of external auditor and the management. This helps them to avoid any litigation based on the confusion and the recruitment of external auditors because they are not liable for internal control to the extent the management has the responsiblity. Furthermore, auditor is only liable to submit a list of internal control which he thinks are impaired or their is a need for a new internal control along with his recommendations. So the option C is correct.
Answer:
a. The autonomous consumption is 300.
b. Marginal propensity to consume is 0.75.
Explanation:
This is an example of Keynesian consumption function which shows a positive relationship between consumption expenditure (C) and aggregate income.
In the consumption function C = 300 + 0.75Y:
a. The autonomous consumption is 300. It is spending that consumers have to make even without disposable income.
b. Marginal propensity to consume is 0.75. It shows how much consumption spending changes as result of change in income. That is, consumption expenditure will increase by 0.75 whenever there is an increase of $1 in income.
Based on the basis of the distributions and Sutton's basis in the partnership, the amount of taxable distributions to Sutton is $0.
<h3 /><h3>How much of the distributions can be taxed?</h3>
The distributions can only be taxed if they exceed Sutton's basis in the partnership of $90,000.
As neither the cash distribution nor the building, have enough to surpass Sutton's basis, the taxable distributions will be $0.
Find out more on taxable distributions at brainly.com/question/26474690.
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