Answer:
d. overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items
Explanation:
The CPI tends to overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items
Given:
Original cost of contributed equipment : 125,000
Accumulated depreciation of contributed : 100,000
Value of similar equipment : 150,000
Agreed upon valuation of contributed equipment : 29,000
The amount that should be debited to the equipment account is 29,000.
It is the current value of the contributed equipment as agreed upon by the partners.
Answer:
The correct answer is option c.
Explanation:
An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.
These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.
The firms are price makers and face a downward-sloping demand curve.
<span>The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the </span>Nearshore.
Answer:
A. An increase of $4,500
Explanation:
For computing the total cost change, first we have to determine the total cost which is shown below
= Direct Materials cost + Direct Labor costs + variable overhead costs
= $21,000 + $5,500 + $19,000
= $45,500
And, the outside purchase is $50,000
So, the total cost change would be
= $50,000 - $45,500
= $4,500 increase
