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NeTakaya
3 years ago
15

Other things the same, a decrease in the price level makes consumers feel a. more wealthy, so the quantity of goods and services

demanded rises. b. less wealthy, so the quantity of goods and services demanded falls. c. more wealthy, so the quantity of goods and services demanded falls. d. less wealthy, so the quantity of goods and services demanded rises.
Business
1 answer:
nordsb [41]3 years ago
3 0

Answer:

more wealthy, so the quantity of goods and services demanded rises. 

Explanation:

If price level falls, the same basket of goods and services purchased by consumers would cost less. Consumers feel more wealthy and the quantity demanded of goods and services increases .

For example, if I spend $100 on clothes and the price of clothes falls to $50, I would buy clothes for $50 and still have extra $50. I can use the $50 to buy more clothes.

I hope my answer helps you.

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Work well with others
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3 years ago
Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at
Digiron [165]

Answer:

The answer is "$ 1,251,710".

Explanation:

Formula:\text{Overall cost for Job F21X completed during the month = } \\\text{Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied }

= \$ 80,595 + \$ 937,290 +\$ 316,410 + \$ 543,270 \\\\= \$ 1,877,565

Complete unit in Job = 29,850 units

Per unit cost units

                      = \$ 62.9  per unit

Sold units=  19,900 units

Sold goods cost = 19,900 \times  \$ 62.9

                           = \$ 1,251,710

5 0
2 years ago
As a result of differences between depreciation for financial reporting purposes and tax purposes, the financial reporting basis
Verizon [17]

Answer:

Deferred tax liability = $52,500

Explanation:

Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000

Enacted tax rate = 30%

Tax rate for future years = 40%

so Deferred tax liability = $250,000 x 40% = $100,000

8 0
3 years ago
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus
LiRa [457]

Answer:

Explanation:

How to add a great answer

Add your answer

Question

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.

4 0
2 years ago
In the short run or in shorter time periods supply curves tend to:_______
svlad2 [7]

Answer:

b) be more inelastic than supply curves that apply to longer periods of time.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.

This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.

However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.

3 0
3 years ago
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