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user100 [1]
3 years ago
10

A vendor makes a new smartphone and presells four thousand units for $300 each. The factory has the capacity to produce one thou

sand smartphones per month. Anticipated sales are five hundred units per month. Which of these would occur during the first few months of sales?
1. Limited demand would increase the price.
2. Limited supply would increase the price.
3. Unlimited demand would decrease the price.
4. Unlimited supply would decrease the price.
Business
1 answer:
Oksanka [162]3 years ago
7 0

Answer:

2. Limited supply would increase the price

Explanation:

In the given case the vendor sells in advance four thousand units for $300. While the installed capacity of the factory being to produce 1000 smartphones every month.

Expected sales being 500 units per month.

During the first few months, since the seller has already successfully sold 4000 smartphone units, high demand for the smartphones is evident.

Since the supply is limited to 1000 units only in a month and the quantity demanded being more as is evident by 4000 units being pre sold, during the initial phase, this would create a high demand.

And since the supply is limited, the seller will have to increase the price as the demand is lot more.  

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The Canon Corporation sells ten copiers to the Title Company on October 15 for $40,000. Canon delivers the copiers to Title on O
elena-14-01-66 [18.8K]

Answer:

$0

Explanation:

In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.

Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not

In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .

Therefore, no revenue would be recognized on the month of November

3 0
3 years ago
Which direct counting method is reported in terms of colony forming units (cfus)?
BigorU [14]

Plate counting method is reported in terms of colony forming units (cfus). Colony-forming unit (CFU, cfu, or CFU) is a unit used in microbiology to measure the number of viable microorganisms (bacteria, fungi, viruses, etc.) in a sample that can reproduce through binary fission under controlled conditions.

In contrast to microscopic analysis, which counts all cells, living or dead, counting with colony-forming units requires cultivating the bacteria. When counting colonies, it is unclear if the colony originated from one cell or a collection of cells because visual appearance of a colony in a cell culture to requires the significant growth.

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4 0
1 year ago
A $150 petty cash fund has cash of $54 and receipts of $83. the journal entry to replenish the account would include a
Ksju [112]
The correct answer is option b, debit to cash short and over for $13. The petty cash fund is a debit account, meaning it increases with entries posted on the debit side and decreases with entries posted to the credit side. Replenishing the fund here means injecting cash to reach the initial $150. To obtain the replenishing amount, you just subtract the debit entries in the fund $54 and $83 from the $150, i.e. $150 - ($54 + $83) = $13.
3 0
3 years ago
Read 2 more answers
Which are direct employers for people working in the Architecture and Construction career pathway? Check all that apply.
Tasya [4]

The answer would be:

-the state government

-the federal government

-the local government

-a private company

(2, 3, 4, 5,)

[CONFIRMED ON EDGE2020]

7 0
3 years ago
Read 2 more answers
Assume the equity method Equity Investment account relating to a subsidiary has a reported balance of $9,036,000, including $864
andrew-mc [135]

Answer:

The impairment amount will be "$504,000". A further explanation is below.

Explanation:

The given values are:

Goodwill,

= $864,000

Subsidiary fair value,

= $8,100,000

Subsidiary's individually identifiable net assets,

= $7,740,000

Now,

(1)

The impairment amount will be:

= Goodwill-(Subsidiary \ fair \ value-Identifiable \ net \ assets)

On substituting the values, we get

= 864,000 - (8,100,000- 7,740,000)

= 864,000-360,000

= 504,000 ($)

(2)

The journal entry is:

<u>Description                                  Debit                       Credit</u>

Equity income                          $504,000

Equity investment                                                  $504,000

5 0
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