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zzz [600]
3 years ago
7

The three basic questions in Economics are all of these, except _____________________.

Business
2 answers:
nata0808 [166]3 years ago
4 0
The three basic questions in Economics are all of these,except When to produce
miss Akunina [59]3 years ago
3 0
How to produce ......
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Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma
HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

        To Common stock $50,000 (5,000 shares × $10)

        To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0
3 years ago
Suppose one rental car company raises its prices and the rival car companies leave their prices unchanged. But when another rent
Karo-lina-s [1.5K]

Answer:

This situation is an example of cross Price elasticity of Demand

Explanation:

If change in Price in Rental Company A doesn't necessitate change in prices in Rental companies B.C.D.E & F

Then the products A has on offer are not close substitutes to the rival companies

However where Rental company G lowers his price and it immediately triggers a Price reduction in Companies B to F, then obviously they offer similar products that are close substitutes and serve similar segment or channel of the Market Size. Thus failure to lower their Price will automatically see Customers rent cars more from Company G.

This situation is an example of cross Price elasticity of Demand

7 0
3 years ago
Parsons Company is planning to produce 2,900 units of product in 2020. Each unit requires 2.00 pounds of materials at $7.00 per
olga55 [171]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total cost of producing 2,900 units:</u>

Total cost= direct material + direct labor + allocated overhead

Total cost= (2*7)*2,900 + (0.5*16)*2,900 + [(0.5*16)*0.6]*2,900

Total cost= 40,600 + 23,200 + 13,920

Total cost= $77,720

<u>Now, the unitary standard cost:</u>

Unitary cost= total cost/number of units

Unitary cost= 77,720 / 2,900

Unitary cost= $26.8

3 0
3 years ago
If Patty Shoemaker estimates that her $400 weekly grocery bill will increase at an annual inflation rate of 5%, what should her
balu736 [363]

Answer:

the weekly grocery bill in 4 years is $486.2025

Explanation:

The computation of the weekly grocery bill in four years is shown below:

= Estimated amount × (1 + rate of interest)^number of years

= $400 × (1 + 0.05)^4

= $400 × 1.21550625

= $486.2025

hence, the weekly grocery bill in 4 years is $486.2025

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
The Commerce Clause holds that states cannot impede interstate commerce. <br><br>True of False?
Jet001 [13]
I think its true but im not sure
6 0
3 years ago
Read 2 more answers
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