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aleksandrvk [35]
3 years ago
14

The common method of trading in the distant past is known as

Business
1 answer:
olga nikolaevna [1]3 years ago
3 0

the common method of trading in the distant past is known as marketing

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How does the law of diminishing marginal utility relate to law of demand?
HACTEHA [7]

Answer:

Explanation:

The law of diminishing marginal utility helps to explain the negative slope of the demand curve and the law of demand.If the satisfaction obtained from a good declines, then buyers are willing to pay a lower price, hence demand price is inversely related to quantity demanded, which is the law of demand.

3 0
3 years ago
Torid Company processes​ 18,700 gallons of direct materials to produce two​ products, Product X and Product Y. Product X sells f
lana66690 [7]

Answer:

$0

Explanation:

Data given in the information

Product X is the byproduct.

In addition, the By products are recorded in the general ledger at the point of sale

So in this case, the quantity sold is considered only no other things would be recognized

Hence, in this the quantity sold and quantity produced is not recorded

Therefore , No ending inventory should be recognized in the general ledger for this by products

4 0
3 years ago
Clannad currently produces and sells 4,000 units per year, and has a capacity of 5,000 units. Enya, Inc. has offered a one-year
guajiro [1.7K]

Answer: Increase of $20,000

Explanation:

The cost of making a unit is:

= Direct material + Direct labor + Variable overhead + Fixed overhead

= 10 + 14 + 5 + 3

= $32

For 4,000 units that would be:

= 4,000 * 32

= $128,000

Cost of buying 4,000 units :

= Cost of buying + Fixed cost

= (4,000 * 30) + (3 / 2 * 4,000)

= $126,000

This cost is further reduced by the renting of the unused space:

= 126,000 - 18,000

= $108,000

Impact on profit:

= Cost of making - Cost of buying

= 128,000 - 108,000

= $20,000

Increase of $20,000

5 0
3 years ago
Bank of America’s _____________ provides information such as its interest expense, or the interest the bank paid depositors, and
OleMash [197]

Answer:

3. income statement

Explanation:

Bank of America’s income statement provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

5 0
3 years ago
A minor can disaffirm a contract if:
SashulF [63]

Answer:

a. he or she has not ratified the contract on reaching majority.

Explanation:

Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.

In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.

Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.

4 0
2 years ago
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