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amid [387]
3 years ago
12

Aggregate supply (AS) denotes the relationship between the __________________ that firms choose to produce and sell and the ____

_____________, holding the price of inputs fixed.
a. total quantity; price level for output
b. type of goods; input price of raw materials
c. price of goods; number of employees
d. total inputs; types of goods
Business
1 answer:
yawa3891 [41]3 years ago
6 0

Answer:

a. total quantity; price level for output

Explanation:

The aggregate supply curve defines the relationship between various price levels and the quantities of output that producers are prepared to supply in the market. Aggregate supply is also the total output. It can be described as the total supply of goods and services produced in a country at various in a given period.

The aggregate supply curve slopes upwards. An increase in consumer prices indicates that firms should produce more to meet the rising demand.  In the short run, an increase or decrease in demand causes changes in the aggregate supply. Technological change and other economic indicators impact aggregate supply in the long-term.

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Bob the accountant needs to record indirect labor utilized of $6,000 in a journal entry. Bob should:_____.
IgorC [24]

Answer:

c. debit Manufacturing Overhead, $6,000; credit Accounts Payable, $6,000

Explanation:

The journal to record indirect labor utilized of $6,000 will include a Debit to an Expense Account - Manufacturing Overhead and a Credit to Liability Account - Accounts Payable at the value of $6,000.

8 0
4 years ago
Following a phone call addressing a customer problem, what should you do? O Remove the customer from your mailing list. O Report
kakasveta [241]

Answer:  Follow up with a letter that documents the call and promotes goodwill.

                                         

Explanation: The given case, belongs to the public relations concept under which the company tries to interact better with their customers, so that the customers enjoy a healthy experience and the image of the company remains positive.

The proper way to address a complaint call is to follow up by giving a letter stating the explanation apologies, excuses shall not be mentioned and assurance should be provided that such action would not be taken in future.

                 

7 0
4 years ago
The current spot exchange rate is $1.55 = €1.00 and the three-month forward rate is $1.60 = €1.00. Consider a three-month Americ
Ad libitum [116K]

Answer:

$1.58 = €1.00

Explanation:

To calculate the exchange rate breakeven point, you divide the longer-term bond figure by the shorter-term bond figure, after which you’ll do a further exponential calculation, increasing the figure to the power of one divided by the disparity in the years of the two maturities.

the solution to the question is:

$5,000 option premium on €62,500 amounts to $0.08 per euro.

With a strike price of $1.50 =€1.00 the exchange rate will have to be ($1.50+$.80), therefore $1.58 = €1.00 for you to break even.

6 0
3 years ago
Which one of the following is not of much significance to company managers in deciding whether profitable opportunity exists to
ratelena [41]

Answer:

The correct answer is C)

Explanation:

Whether or not companies in the industry expanded their capacity is really not of much concern. What should concern management are the other factors:

  • Forecasted  Demand Vs Actual Demand: This tells us what has happened in the market
  • Forecasted Growth in Demand: This tells us what might happen in the market
  • Industry-wide capacity to meet demand is critical information: This tell us what other companies are doing and how it is shaping the market. That is, is the market saturated or not.
  • If beginning inventories are very high, in each of the regions reported, installing additional production capacity is not a very sound business decision.

Cheers!

5 0
3 years ago
In his book, The Art of the Long View, Peter Schwartz identified the process of constructing multiple stories of what could happ
Natali5045456 [20]

Author Peter Schwartz in his book "The Art of the Long View" referred to scenarios, when identifying the process of building stories that could happen and following an important step for companies.

<h3 /><h3>What is the purpose of the book?</h3>

The author creates a scenario approach to assist in the development of the strategic vision, through the analysis of possibilities that help to create a broad and systematic vision in the decision-making process.

Therefore, the strategic vision is essential for every organization, as it helps in making more effective decisions to deal with different situations and inherent risks of the internal and external environment, making the business more positioned and competitive in the market.

Find out more about strategic vision here:

brainly.com/question/24967768

6 0
3 years ago
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