Answer:
d. Law of Demand
Explanation:
The law of demand states, the quantity demanded of a product is indirectly related to it's price keeping other factors affecting demand as constant.
The law states, more of a product is demanded when it's price falls and vice versa.
It is noteworthy here that it is quantity demanded which changes when only price changes, not the demand itself. Demand would change when factors affecting demand other than price of the product change.
In the given case, when price of high speed internet decreases, the quantity demanded increases. The statement indicates the operation of the law of demand.
Securities are investments that have value and are traded between other people. Securities can be bought or sold and are able to be used as a medium in exchange for something else. Securities are also known as stocks, bonds and mutual funds. The value of securities are determined by the type, amount and current economic rate.
The accrual basis of accounting states that “expenses are matched with related revenues and are reported when the expense is incurred, not when cash changes hand”. Therefore, adjusting entries are required because of the matching principle in accounting.
Answer:
The correct answer is:
100,000 equivalent units (c.)
Explanation:
The equivalent units of production refers to all the units completely produced during the period, and this includes;
units completed and transferred out = 85,000 units
30% of ending work in process inventory = 30% of 50,000
= 30/100 × 50,000 = 0.3 × 50,000 = 15,000 units
∴ Equivalent units of production = (units completed and transferred out) + (30% of ending work in process inventory)
= 85,000 + 15,000 = 100,000 units.
Answer:
b. producers are more willing and able to hire that resource
Explanation:
In production resources are defines as various inputs in the production process of a product.
It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.
So when the price of a resource decreases, it means that the cost of production also decreases.
There is now more outlay of cash that can be used hire that resource.
Producers are able to produce more of the final product so supply increases.