Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.
The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.
Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.
Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.
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Answer:
Estimated manufacturing overhead rate= $3 per machine hour
Explanation:
Giving the following information:
Machine Hours Per Unit:
Rings= 6 (1,000 units)
Dings= 11 (2,040 units)
All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour
The economic system in the USA is rooted in the Laissez-Faire
capitalism of Adam Smith. However, the real-world setting in the US is not as Laissez-Faire
as Smith would have liked because the government greatly participates as more
than umpire and rule maker. The government take part in American Business by
way of resource or product markets, interest, and especially taxes which
results in making the American business progressed into a mixed economy,
showing both elements of capitalism and socialism.
Other factors such as <span>foreign
competition, the Great Depression, World Wars I and II, and the increasing age
of population have also contributed to the mixed economic system.</span>
Answer:
$728,000
Explanation:
Paid in capital can be described as the payments ac company received in exchange for its stock from investors.
From the question, the total paid in capital can be calculated as follows:
Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000
Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000
By adding the two above together and have:
Total paid-in capital = $420,000 + $308,000 = $728,000.
Therefore, total paid-in capital at the end of 2021 is $728,000.
Answer:
Please find the complete solution in the attachment file.
Explanation:
Please find the attachment table for the 3 years of cash flow:
