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3 years ago

The price (P) of designer jeans is affected by the supply (S) and the demand (D).

Business

2 answers:

zhenek [66]3 years ago

8 0

Answer:

The correct answer is the option 1: increased demand and no change in supply.

Explanation:

In the situation where the demand increases and there is no change in the supply, that involves no changes in the technolgy field that helps the production process to help the competition, would have repercurssions in the price of the product. In that situation, where there is not competition, the supply does no change therefore the impact of the increse of the demand would have repercussions in the price of the product.

monitta3 years ago

5 0

The price of designer jeans would likely increase if its demand increases and there is no changes in supply.

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Lopez Corporation incurred the following costs while manufacturing its product.

Delicious77 [7]

Answer:

Cost of goods manufactured= $350,700

Cost of goods sold= $372,000

Explanation:

The cost of goods manufactured can be calculated as follows

= Direct materials utilized + factory supplies utilized + direct labor + depreciation on plants + property taxes on plant + work in process. January 1 - work in process December 31

= 129,400 + 27,900 + 114,900 + 63,100 + 19,100 + 13,300 -17,000

= $350,700

The cost of goods sold can be calculated as follows

= finished goods on January 1 + cost of goods manufactured - finished goods on December 31

= 69,700 + 350,700 - 48,400

= $372,000

4 0

3 years ago

A requisition communicates internal need, a PO is a request made to external suppliers. a. True b. False

Alex_Xolod [135]

Answer:

a. True.

Explanation:

If there is need for purchasing goods in a company then a purchase requisition is initiated by the department. This purchase requisitions is then processed to initiate purchase order after the requirement for goods is confirmed. The purchase order is sent to external supplier to confirm purchasing of goods or services. This is a commercial document which helps control the purchasing in the organization. This document clearly mentions the quantity, price and any additional features of the product which are required by the company.

5 0

3 years ago

Read 2 more answers

Blossom Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2017, Blossom took part in the fol

Tanzania [10]

Answer:

See explanation section

Explanation:

Requirement A

Debit Cash $194,600

Credit Common stock - Par value $ 22,500

Credit Common stock - Additional paid-in-capital $172,100

Calculation:

Cash: 4,500 shares × $45 = $202,500

As the company's par value is $5,

Common stock - Par value: 4,500 shares × $5 = $22,500

As the market value of the stock is $45, the additional stock value = $45 - $5 = $40. Moreover, the company has issuance cost of $7,900

Additional common stock apart from par value minus the issuance cost = ($4,500 shares × $40) - $7,900 = $180,000 - $7,900 = $172,100.

The company issue common stock with a market value of $45 and issuance cost of $7,900 in exchange of cash.

Requirement B

Debit Land $50,600

Credit Common stock - Par value $ 5,500

Credit Common stock - Additional paid-in-capital $45,100

Calculation:

Land: 1,100 shares × $46 = $50,600

As the company's par value is $5,

Common stock - Par value: 1,100 shares × $5 = $5,500

As the market value of the stock is $46, the additional stock value = $46 - $5 = $41.

Additional common stock apart from par value = ($1,100 shares × $41) = $45,100.

Although the land is appraised for $49,000, due to the increased market price stock, it is valued more.

The company issue common stock with a market value of $46 in exchange for land.

Requirement C

Debit Treasury Stock $19,270

Credit Cash $19,270

Purchasing share from the stock market is known as treasury stock.

Calculation: Treasury stock = 470 shares × $41 = $19,270

Debit Cash $17,860

Credit Common Stock - par value $2,350

Credit Common stock - Additional paid-in-capital $15,510

Calculation:

As the company's par value is $5,

Common stock - Par value: 470 shares × $5 = $2,350

Additional common stock apart from par value = $470 shares × ($38 - $5) = $15,510.

The company issue common stock with a market value of $38 after purchasing those treasury stock at $41 per share.

3 0

4 years ago

Most new workers in the labor force are men. True or The following factors affect the labor market EXCEPT:

saveliy_v [14]

Answer:

population shift

Explanation:

immigration, population growth: As the population grows or shrinks, the labor supply will tend to shift to the right or to the left. In a competitive labor market, the wage has two properties:

1. It adjusts to make supply and demand for labor equal.

2. It equals the value of the marginal product of labor.

3 0

3 years ago

Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are l

viktelen [127]

Answer: Only Material costs are relevant

Explanation:

The material cost under alternative X is given as $41000 while under alternative Y is given as $59000.

The processing cost under alternative X is given as $45000 while under alternative Y, the processing cost is given as $45000 as well.

Then, we can deduce that only the materials costs are relevant since the processing costs are thesame.

6 0

3 years ago