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crimeas [40]
3 years ago
10

Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a a.

shortage to exist and the market price of roses to increase. b. shortage to exist and the market price of roses to decrease. c. surplus to exist and the market price of roses to increase. d. surplus to exist and the market price of roses to decrease.
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

D

Explanation:

Equilibrium means a state of equality or balance between market demand and supply. Refers to a price at which both parties producers and consumers are agreed to exchange.

Prices where demand and supply are out of balance are called points of disequilibrium.

If the selling prices is over the equilibrium price, means that there is a surplus of excess supply, so the prices would go down to returned to the equilibrium price.

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Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period
astraxan [27]

Answer:

$37,600 favorable

Explanation:

Variable overhead spending variance can be computed as;

= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)

= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)

= [(18,800 × $6.5) - (18,800 × $4.5)]

= $122,200 - $84,600

= $37,600 favorable

6 0
3 years ago
There are ___ credit reporting companies
MariettaO [177]
There are 3 credit reporting companies
5 0
3 years ago
______________ are units within an organization that receive services from other units within the organization. A. End-usersB.In
Elza [17]

Answer:

The correct answer is letter "B": Internal customers.

Explanation:

Internal customers are not necessarily employees or customers who work inside the organizations, but they usually do. These people have a certain relationship with the firm and one need from another so their jobs can be done. In the case of employees, they rely on others' roles so their responsibilities can be performed.

3 0
3 years ago
Which of the following is not a payroll tax deduction? federal payroll tax state payroll tax FICA sales tax
Morgarella [4.7K]

Answer: The Correct Answer is Sales tax.

Explanation:

Sales tax is the Tax forced by the government body during the sale of the goods and services at a retail level.

While payroll tax is the tax which is forced on the salary of the employees and this tax is forced by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.

7 0
3 years ago
As a general rule what percentage of debt to gdp will make a government bond yields spike
Andreyy89

There is NO general rule for the percentage of debt to gdp that will make a government bond yields spike

5 0
3 years ago
Read 2 more answers
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