Answer:
Fall
Rise
Explanation:
This demand curve demonstrates the law of demand. The law of demand states all other things remaining equal, as the price of a good or service rises, the quantity demanded of that good will FALL OR DECREASE. As the price of a good or services falls, the quantity demanded of that good will RISE OR INCREASE.
The demand curve is also downward sloping. Consumers buy more at lower price and buy less at higher price. Higher price reduces their purchasing power while lower price increases their purchasing power.
Answer:
$91,070
Explanation:
The computation of the value of the ending work in process inventory is shown below:
Ending Work in process inventory = Beginning work in process inventory + transferred materials + labor cost + other manufacturing cost
where,
Beginning work in process inventory is $0
Transferred material amount
= $97,000 × 80%
= $77,600
Labor cost = $58,000 + $15,600 = $73,600
Other manufacturing cost = $109,000
So, the amount is
= $0 + $77,600 + $73,600 + $109,000
= $260,200
And, since 65% is completed so the remaining 35% is to be considered i.e
= $260,200 × 35%
= $91,070
Answer: Local- content laws
Explanation: In simple words, these refers to the rules and regulation made by the government requiring foreign firms to use domestic resources if they want to operate in that economy.
In the given case, Thailand requires foreign companies selling milk products to use domestically produced milk for their production.
Hence from the above we can conclude that the economic risk involved is regarding to local content laws.
Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to settle the vendor’s full payment after two months. Under "current liabilities"section of balance sheet this account will be recorded as "account payable".
Answer: Option (B) is correct
<u>Explanation:</u>
Raw material purchased on credit from a vendor is a liability and it is shown under current liabilities in "accounts payable". Since raw material purchased on credit and payment is to be made after two months.
Payment due gives rise to liability. Now current liability is a company's short term obligations that are to be paid back within a year. Here the firm will have to make payment within two months to the vendor.
40 dollars if a new haircut 10 for a tape up or fix up.
