A mass refusal to buy products from certain employers or companies.

When interested rates are high cost less money to borrow money true or false

Andrei [34K]

Answer:

That statements is false

Explanation:

When you borrow money, interest represent the additional amount that you need to give back to the creditor. For example let's say that you borrow $1,000 with 10% interest rate per year. After one year, you need to pay back the loan with additional $100 ($1,000 x 10%) for the creditor.

This means that when the interest rate is high, it will cost you more to borrow money.

7 0

3 years ago

In a market economy with perfect competition, sellers

Annette [7]

Answer:

There are a large number of buyers and sellers in a perfectly competitive market. The sellers are small firms, instead of large corporations capable of controlling prices through supply adjustments. They sell products with minimal differences in capabilities, features, and pricing.

6 0

3 years ago

The number of units of a product that must be sold for total revenue to equal total costs is called the:

Aliun [14]

Answer:break-even point

Explanation:At the break-even point, total contribution margin must equal total fixed costs

To solve for the break-even point in units, divide the total fixed costs by the unit contribution margin:

Total fixed costs/unit contribution margin = break even units

To find the break even sales revenue, take the total fixed costs and divide by the contribution margin ratio. This gives the dollars of sales revenue needed in order to break even as shown above.

4 0

3 years ago

Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price

Roman55 [17]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standard quantity= 7.8 grams per unit of output

Standard price= $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

To calculate the material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable.

It is unfavorable because the actual price was higher than estimated.

4 0

3 years ago

On January 29, Quality Marble Inc., a marble contractor, issued for cash 75,000 shares of $10 par common stock at $23, and on Ma

Mariulka [41]

Answer:

The correct answer for option (a) is shown below, and for option (b) is $2,325,000

Explanation:

According to the scenario, the computation of the given data are as follows:

(a).

Jan 29 Cash A/c Dr. $1,725,000 (75,000 × $23)

To, Common stock A/c. $750,000 ( 75,000 × $10)

To Share in excess of par value A/c $975,000 ( 75,000 × $23-$10)

May 31 Cash A/c Dr. $600,000 ( 100,000 × $6)

To, Preferred stock A/c $400,000 ( 100,000 × $4)

To, Preferred stock in excess of par value A/c $200,000 ( 100,000 × $6 - $4)

(b). Total amount invested = $1,725,000 + $600,000

= $2,325,000

7 0

3 years ago