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nexus9112 [7]
3 years ago
7

The market demand schedule or curve for a product shows the relationship between how much of the product buyers are willing and

able to buy and the:
A. Product's priceB. Buyers' incomesC. Cost of producing the productD. Time period, say, from one month to the next
Business
1 answer:
Papessa [141]3 years ago
3 0

Answer:

A. Product's price

Explanation:

In this question, we applied the law of demand which shows an inverse relationship between the price and the quantity demanded of a particular commodity. If the price increases, the quantity demanded decreased and if the price decreased, the quantity demanded increased.  

In the case of a market demand schedule, it takes the price and quantity demanded the overall market.  

In this schedule, X-axis shows the quantity demanded of the product and Y-axis shows the price of the product.  

According to the given scenario, the most appropriate option is a. product price as the market demand schedule shows that price and quantity demanded are inversely related to each other.  

In buyer income, it considers the income of the buyer to purchase the product And option C is related to the producer point of view plus time period are also the not correct option

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On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December
harkovskaia [24]

Answer:

Utility expense Dr.                      $200

  Accounts payable Cr.                $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr.  $200

  Accounts payable Cr.    $200

(To record the entry for electric expense)

8 0
3 years ago
For each of the below, indicate where each item should be presented in the statement of cash flows (using the indirect method) u
Nataly_w [17]

Answer:

                                                                                       <u> Blank 1 </u>    <u>  Blank 2</u>

i. Depreciation expense                                                       A               I

ii. Purchase of office equipment                                          B               D

iii. Decrease in accounts receivable                                    A                I

iv. Payment of cash dividends                                              C               D

v. Conversion of bonds into common stock                        D               N

vi. Sold land and warehouse used in the corp.                    B                I

vii. Gain on sale of land and warehouse in part vi.              A               D

viii. Issued common stock for cash                                       C               I

ix. Decrease in accounts payable                                         A               D

x. Increase in inventory                                                          A               D

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf for the complete question.

How each of the item will appear in the  the statement of cash flows (using the indirect method) is also provided below:

XYZ Company

Statement of Cash Flows (Indirect Method Format)

For the year...

<u>Details                                                                                   $                 $   </u>

Operating activities:

Net profit                                                                             xxx

Adjustment to reconcile net income:

i. Depreciation expense                                                     xx

iii. Decrease in accounts receivable                                  xx

vii. Gain on sale of land and warehouse in part vi.          (xx)

ix. Decrease in accounts payable                                      (xx)

x. Increase in inventory                                                   <u>    (xx)     </u>

Net cash flows from operating activities                                             xxx

<u>Investing activities:</u>

ii. Purchase of office equipment                                          (xx)

vi. Sold land and warehouse used in the corporation       <u>  xx   </u>

Net cash flows from investing activities                                               xxx

<u>Financing activities:</u>

iv. Payment of cash dividends                                              (xx)

viii. Issued common stock for cash                                     <u>   xx   </u>

Net cash flows from investing activities                                              <u>   xxx  </u>

Net cash flow for the year                                                                       xxx

Beginning cash balance                                                                         <u>  xxx  </u>

Ending cash balance                                                                              <u>  xxx  </u>

Note: The does not affect the cash flows statement:

v. Conversion of bonds into common stock

Download pdf
8 0
3 years ago
in the past several decades, many companies have made effective use of flexible accumulation—the strategy used by transnational
tester [92]

Answer:

It has more than 7,000 factories overseas that manufacture products for the company.

Explanation:

7 0
1 year ago
ndicate whether each of the following costs should be classified as a product cost or as an SG&amp;A cost in accordance with GAA
Leokris [45]

Answer:

 

Explanation:

The product cost is a combination of direct material cost, direct labor cost, and the manufacturing overhead cost. The manufacturing overhead cost is an indirect cost which is related to the factory expenses.

And, the SG&A cost is a sales, general ,and admin costs incurred to advertise the company's products so that it can accomplish its sales targets which can build a good reputation in the market.

So, the categorization is shown below:

Direct materials used in a manufacturing company. = Product cost

Indirect materials used in a manufacturing company. = Product cost

Salaries of employees working in the accounting department. = sales, general ,and admin costs

Commissions paid to sales staff. = sales, general ,and admin costs

Interest on the mortgage for the company’s corporate headquarters. = sales, general ,and admin costs

Indirect labor used to manufacture inventory. = Product cost

Attorney’s fees paid to protect the company from frivolous law suits. = sales, general ,and admin costs

Research and development costs incurred to create new drugs for a pharmaceutical company. = sales, general ,and admin costs

The cost of secretarial supplies used in a doctor’s office. = sales, general ,and admin costs

Depreciation on the office furniture of the company president. = sales, general ,and admin costs

4 0
3 years ago
The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the po
horrorfan [7]

Answer:

Explanation:

There is not enough data to answer that, imo, is there a group to choose from?

She might want to choose similarly minded people who will support her fight. Yet, a team should be balanced to fill all roles. Can you give more context to this question?

7 0
3 years ago
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