All categories

3 years ago

The law of demand is the assertion that ... ?

Business

1 answer:

Sindrei [870]3 years ago

8 0

The quantity of a demanded product is inversely proportional to its price.

Simply put, the law of demand says that when prices go UP, demand goes down and when prices go DOWN demand goes up.

You might be interested in

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

ICE Princess25 [194]

Answer:

The cost per equivalent unit for materials for the month in the first processing department is closest to C. $19.91

Explanation:

The Concept of Equivalent units expresses the number of units of outputs in terms of the completion status of the input resources in the process.

Step 1 Calculate the Number of Units of Ending Work In Process

Hint : Units in the Process must equal units out of the process

Units of Ending Work In Process = Units of Beginning Work In Process + Units Started during the Period - Units Completed and Transferred Out of the process

= 500+6700-6000

= 1,200

Step 2 Calculate the total material cost for the processing department

total material cost :

Opening Work In Process $ 5,800

Add Incurred During the Period $125,600

Total material cost $131,400

Step 3 Calculate total Equivalent Units in respect of Material Cost

Completed and Transferred Out ( 6,000 × 100%) 6,000

Ending Work In Process ( 1,200 × 50 %) 600

Total Equivalent Units 6,600

Step 4 Calculate the cost per equivalent unit for materials

cost per equivalent unit = total material cost/ total Equivalent Units

 = $131,400 / 6,600

= $ 19.91

6 0

3 years ago

In Western culture, when you borrow ideas and words from other sources, you must cite them properly. Well-documented data from s

nirvana33 [79]

Answer:

help reinforce your professional credibility.

5 0

2 years ago

A manager attempting to take credit for a subordinate's ideas is engaging in a type of _____

Fiesta28 [93]

Plagiarism is when you take correct for someone else's work

8 0

3 years ago

Donna, the office manager, spends a large part of her day working closely with those whom she supervises to successfully accompl

Ber [7]

Answer: human managerial skill

Explanation: These skills refers to the ability of a manager to relate, interact with his or her subordinates effectively. These are considered as an important trait in managers as per modern business environment.

In the given case, Donna works closely with her subordinates as well as with other departments and get better results. Therefore, we can conclude that she is exhibiting human relations skills as she considers the comfort of others and tries to maintain healthy relationships with them.

3 0

3 years ago

Janice owns a firm that provides accounting services to a number of small businesses in the area. Her firm processes payroll, pr

Sloan [31]

Answer:

Janice is a public accountant

Explanation:

Public accounting refers to a business that provides its services to other firms at large. By Janice being the owner of such firm she is referred to an accountant that provides her services to the public and she can also be referred to as a certified public accountant

8 0

3 years ago