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3 years ago

13

The elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in __________

. quantity supplied the slope of the demand curve price the slope in the supply curve

1 answer:

Sonbull [250]3 years ago

5 0

Divided by percentage change in quantity supplied

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Leader Corporation Company uses a job-order costing system with a single plantwide pre-determined overhead rate based on machine

taurus [48]

Answer:

Selling price per unit= $196

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (400,000 / 50,000) + 6

Predetermined manufacturing overhead rate= $14 per machine hour

<u>Now, we can allocate overhead and calculate the total cost:</u>

<u></u>

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

Allocated MOH= 14*100= $1,400

Total cost= 1,400 + 750 + 2,750

Total cost= $4,900

<u>Finally, the selling price per unit:</u>

<u></u>

Unitary cost= 4,900/40= $122.5

Selling price= 122.5*1.6

Selling price= $196

3 0

3 years ago

A company uses the cost method of accounting for treasury stock. On January 1, the company repurchases 1,000 shares of stock at

Ksivusya [100]

Answer:

The credit on December 31 is to credit Treasury Stock with $15,000.

Explanation:

There are two methods for accounting for Treasury Stock. The first is the par value method. With this method, the Treasury Stock account is debited or credited with the par value for each transaction, while the difference in par value is taken to the Additional Paid-in Capital account.

Using the cost method, the Treasury Stock account is debited and credited with the value of each transaction and the Additional Paid-in Capital account is not affected.

This implies that under the cost method, the purchase and resale of treasury stock is recorded by debiting and crediting the treasury stock account by the actual cost of purchase and actual value of sale.

3 0

4 years ago

Label popular sports with the countries in which they are the most popular

kifflom [539]

cricket- India

football- Russia

tennis- France

8 0

3 years ago

Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 1,040 June 10

postnew [5]

Answer:

FiFo method as prices are continuously increasing

Explanation:

Date Units Cost Per Unit Cost

June 1 150 units $ 1,040 6.93

June 10 200 units 1,560 7.8

June 15 200 units 1,680 8.4

June 28 150 units 1,320 8.8

$5,600

As the unit price is increasing the method which yields the highest gross profit would be FIFO.But in some cases the income is overstated as the beginning inventory is too old to account for . Similarly Lifo gives lower net income but that too is not very beneficial when the inventory is almost obsolete.

The average method gives a measure in between FIFO and LIFO.

7 0

4 years ago

A 10% increase in cigarette prices has been found to result in a _____ decrease of smokers.

Reil [10]

<span>The correct answer is B - a 10% increase in cigarette prices has been found to result in a 4% decrease in smokers. This is just the figure for the overall nation though, for young people the figure is higher, and for children higher still.</span>

4 0

4 years ago

Read 2 more answers