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borishaifa [10]
3 years ago
13

If the supply of aisle seats and middle seats on an airplane is the same, but the demand for aisle seats is greater than the dem

and for middle seats, then the equilibrium price of aisle seats will be less than the equilibrium price of middle seats.
True
False
Business
1 answer:
lys-0071 [83]3 years ago
7 0

Answer:

False

Explanation:

Offer is the quantity of a product or service available for purchase. Demand is the amount of products or services that consumers are willing to buy.

When demand is higher than supply, product prices tend to rise as consumers are willing to pay more to get a particular item. On the other hand, when supply is higher than demand, prices tend to fall.

For this reason, we can conclude that if the demand for the airplane's aisle seats is greater than the demand for the middle seats; the price for the aisle seats will be higher than the price of the middle seats.

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A company has a process that results in 34000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
serg [7]

Answer:

After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800

Explanation:

For calculation, following things need to be considered which is shown below:

1. Product A process costing = Pounds × Per pound price

                                            = 34,000 × $8

                                            = $272,000

2. Product A costing after selling = Pounds × sale price per pound

                                                   = 34,000 × $14

                                                   = $476,000

3. Difference of costing :

=  Product A costing after selling - Product A process costing

= $476,000 - $272,000

= $204,000

4. Invested amount = $227,800

5. Actual Difference = Invested amount - costing difference

                                  = $227,800 - $204,000

                                  = $23,800

After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800

8 0
3 years ago
Which one would be correct I’m to lazy to think :)
Levart [38]
I think it’s the second one letter B
6 0
2 years ago
Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with t
Makovka662 [10]

Answer:

3.44%

Explanation:

For this question we use the RATE formula that is shown on the attachment

Data provided in the question

Present value = $15,000,000

Future value or Face value = $0

PMT = $1,050,000

NPER =  20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the rate pf the return is 3.44%

3 0
2 years ago
On January 1, Year 1, Friedman Company purchased a truck that cost $33,000. The truck had an expected useful life of 100,000 mil
Rainbow [258]

Answer:

Depreciation expense-Year 2 = $8840

Explanation:

It is important to note that the depreciation is based on the units-of-production method and in case of the truck, we take 100000 miles as its useful life or total units of production.

The depreciable value of the truck is Cost - salvage value,

Depreciable Value = 33000 - 7000 = 26000

The depreciation for year 2 based on units-of-production is,

Depreciation expense for year 2 = 26000 * 34000/100000 = $8840

7 0
2 years ago
Read 2 more answers
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencil
djverab [1.8K]

Answer:

COGS = 187,370‬

ending finished goods = 37,300

Direct Materials used  =  119,970

Labor =    26,070

ending WIP  =  33,690

Explanation:

Sales - COGS = gross Profit

449,330 - COGS = 261,960

449,330 - 261,960 = COGS = 187,370‬

Cost of goods manufactured 224,670

less Cost of Goods Sold of    (187,370)

ending finished goods            37,300

Materials purchased            138,390

Materials inventory, ending<u> (18,420)</u>

Direct Materials used            119,970

Materials + Labor + Overhead = COGM

119,970 + Labor + 97,500 + 14,820 = 258,360

Labor = 258,360 - 232,290

Labor =    26,070

Then Cost added less Cost of Goods Manufacured = ending WIP

258,360 - 224,670 = 33,690

5 0
3 years ago
Read 2 more answers
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