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4 years ago

Fundamentals of Supply are view for the point of the

Business

1 answer:

ivanzaharov [21]4 years ago

5 0

Answer:

Supply side is the view point of the Firms or the Businesses.

Explanation:

As the law of demand deals with the consumers side, the law of supply deals with the suppliers or the firms/businesses.

this tries to explain the factors that affect the supply, such as the prices of the substitutes and complements, the price of a commodity itself, taxes, government subsidies, technological influences, etc...

in this question, the 1st option, consumer is wrong. However, in certain situations, Government can be acted as a "supplier" (if there is a government monopoly on the supply of a good or a service", and government is a heavy influencer of supply through the implementaion of taxes and subsidies!

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October November December Budgeted Sales $460,000 $440,000 $540,000 Budgeted Purchases $240,000 $256,000 $228,000 Cost of goods

oee [108]

Answer:

Month incurred Amount October November December

$ $ $ $

October 240,000 144,000 96,000

November 256,000 153,600 102,400

December 228,000 136,800

144,000 249,600 239,200

The budgeted balance for accounts payable at October 31 is $96,000, which is the 40% of purchases not realized in October.

Explanation:

Purchases for each month are settled 60% in the month of purchases and 40% in the month following purchases. 60% of October purchases are settled in October while 40% are settled in November.

4 0

3 years ago

To produce x units of a religious medal costs Upper C (x )equals 17 x plus 32. The revenue is Upper R (x )equals 25 x. Both cost

daser333 [38]

Answer:

a) 4 units

b) $2048

c) 14 units

Explanation:

Break-even quantity (BEP) is the level of activity that a business must operate to make its total revenue equal to its total cost. At this point, the business makes no profit or loss. It gives an idea of the exact number of units of product to be sold in order to cover its total fixed cost.

Break-even point (BEP) is calculated as follows:

BEP (units) = Total Fixed Costs for the Period/ (SP - VC)

SP- selling price, VC- variable cost per unit

Profit : This is the excess of the total revenue over and above the total cost .

Profit = Total revenue - total cost.

Total revenue = SP × units sold

Total cost = Variable cost + Fixed cost

Total variable cost = VC per unit × units sold

The number of units t achieve a target profit is determined as follows:

Units to achieve profit = (Total fixed cost + Target profit)/(SP - VC)

Now we can apply all these concepts to our question,

From the question, VC per unit= $17, SP per unit= $25, Fixed cost = $32

a) BEP = 32/(25-17) = 4 units

b) Profit from 260 units

Profit = (25 ×260) - ((17 × 260) + 32)

= $6,500- $4,452

= $2048

c) Units to be produced to achieve a profit of $80

Units = (32 + 80)/(25-17)

= 14 units

3 0

3 years ago

TRUE OR FALSE

Basile [38]

Answer:

The Answer is gonna be True

This is the right Answer :3

I hope you are having a great day ❤️❤️❤️

4 0

3 years ago

Read 2 more answers

Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of

OLEGan [10]

Answer:

Answer for the question.

Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools:Activity Cost Pool Activity Measure Expected Overhead Cost Expected ActivityLabor-related Direct labor-hours $254,800 36,400 DLHsPurchase orders Number of orders $8,785 251 ordersParts management Number of part types $72,680 92 part typesBoard etching Number of boards $54,900 1,830 boardsGeneral factory Machine-hours $170,000 17,000 MHsRequired:Compute the activity rate for each of the activity cost pools.

is given in the attachment.

Explanation:

3 0

4 years ago

12. The Keystone Company has two divisions, A and B. Assume the following data for the two divisions for March: Division A Divis

Tatiana [17]

Answer:

The Keystone Company

The total traceable and common fixed expenses for the Keystone Company is:

$26,000

Explanation:

a) Data and Calculations:

Divisions A B Total

Sales $45,000 $80,000 $125,000

Variable expenses 60% 80%

Variable expense 27,000 64,000 91,000

Contribution $18,000 $16,000 $34,000

Traceable fixed

expense 13,000 2,000 15,000

Common fixed expense ?

Total net income 5,000 14,000 8,000

The common fixed expense = $11,000

Total traceable and common fixed expenses = $26,000 ($34,000 - 8,000)

4 0

3 years ago