Explanation: Equilibrium is a situation of rest, a situation where demand for a good is equal to its supply. The price that balance demand and supply is known as the equilibrium price.

$Q_{xd} = 14 - \frac{1}{2} P_{x}\\Q_{xs} = \[tex]Q_{xd} = Q_{xs} 14 - \frac{1}{2} P_{x} = \frac{1}{4} P_{x} - 1 14 + 1 = \frac{1}{4} P_{x} + \frac{1}{2} P_{x} 15 = \frac{3}{4} P_{x} 20 = P_{x}$ [/tex] = Equilibrium price

Equilibrium quantity is given by,

$Q_{xd} = 14 - \frac{1}{2} P_{x} = 14 - \frac{1}{2} * 20= 14 - 10= 4$

4 0

3 years ago

A neon oil corporation tanker spilled oil in the ocean around australia. as a result of this accident, the share price of this s

Aleks04 [339]

Drop extensively on a bear market

4 0

3 years ago

Rocky Mountain Corporation makes two types of hiking boots?Xactive and Pathbreaker. Data concerning these two product lines appe

riadik2000 [5.3K]

Answer:

1a. Predetermined overheard rate is $20.8

1b. Product cost for each product:

Xactive ($) Pathbreaker ($)

 113.72 86.4

Explanation:

1(a)

Predetermined overheard rate is calculated with formula:

Budgeted Cost

Activity Level

For Rocky Mountain:

= $2,687,360

129,200

= $20.8

1 (b) Product cost involves the total cost incurred directly as a result of making a product. Product cost is calculated by adding direct material cost, direct labour cost and manufacturing overheard together.

Product cost

Xactive Pathbreaker

Direct material 65.60 51.80

Direct labour cost 19.00 13.80

Manufacturing overheard($20.8) 29.12 20.8

113.72 86.4

5 0

4 years ago

You are working as accounting information system(AIS) expert in H and H, a multinational entity(MNE) for couple of years inSpain

Reika [66]

Answer:

stakeholders for the project, documented goal and objective of the assignment, discuss SMART(specific, measurable, agreed, reaganlistic, timeframe) for the assignment, resources for the assignment, GANTT chart of the assignment, risk assessment for the project.

Explanation:

Before starting any major assignment, one must set its goals and objectives very clearly. A list of milestone and progress measuring report must be prepared so that tracking is easy. Also, all the associated risks must be analyze and catered for

6 0

3 years ago