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3 years ago

A utility‐maximizing consumer buys so as to make ________ for all pairs of goods.

Business

1 answer:

Lady_Fox [76]3 years ago

4 0

MUx / MUy = Px / Py is the right answer

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Nish Corporation has provided the following data for the month of April:

Fittoniya [83]

Answer:

Required 1

Schedule of Cost of Goods Manufactured

Raw Materials Cost $41,000

Direct labor cost $23,000

Manufacturing overhead cost $59,000

Add Opening Work in process Inventory $18,000

Less Closing Work in process Inventory ($22,000)

Cost of Goods Manufactured $119,000

Required 2

Income Statement for April.

Sales $220,000

Less Cost of Goods Sold ($132,000)

Gross Profit $88,000

Less Expenses

Selling expense ($18,000 )

Administrative expense ($43,000) ($61,000)

Net Income / (Loss) $27,000

Explanation:

<u>Determination of Raw Materials Cost in Production</u>

Raw Materials T - Account

Debit :

Beginning Balance $26,000

Raw materials purchases $50,000

Totals $76,000

Credit :

Ending Balance $35,000

Work In Process (Balancing figure) $41,000

Totals $76,000

<u>Determination of Cost of Goods Sold</u>

Finished Goods Inventory T - Account

Debit :

Beginning Finished goods Inventory $42,000

Cost of Goods Manufactured $119,000

Totals $161,000

Credit:

Ending Finished goods Inventory $29,000

Trading Account (Balancing figure) $132,000

Totals $161,000

4 0

3 years ago

Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the

Inessa05 [86]

If the sellers pay the majority of the tax, then the supply is more inelastic than demand.

If something is inelastic it is not sensitive to changes in the price or income of someone. The sellers will always have more of the tax burden when supply is more inelastic than demand and vis versa when demand is more inelastic than supply.

4 0

3 years ago

Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction fo

Soloha48 [4]

Answer:

the numbers are missing, so I looked for a similar question:

Investment in the business $17,010
Borrow cash $7,620
Purchase equipment $8,300
Revenues earned $298,600
Expenses incurred $210,900
Dividends $15,000

since there is not enough room here, I used an excel spreadsheet. I assumed all sales were on cash and all expenses were also paid using cash.

Download pdf

8 0

3 years ago

What is a competency based interview?

yKpoI14uk [10]

it's an interveiw targetting a speciffic skill or Competncy

3 0

3 years ago

Suppose Capital One is advertising a 60-month, 5.89 % APR motorcycle loan. If you need to borrow $ 9 comma 400 to purchase your

xz_007 [3.2K]

Answer:

My Monthly payment will be $181.25

Explanation:

A loan provide funds for acquisition of asset and for investment purposes and its allows the arrangement for flexible repayments throughout the loan period based on terms agreed between the lender and borrower.

Following Formula used to calculate the installment payment.

Loan = Payment x $\frac{(1-(1+r)^-n)}{r}$

9,400 = Payments x $\frac{(1-(1+0.0589/12)^-60)}{0.0589/12}$

9,400 = Payment x 51.863

Payments = 9,400 / 51.863

Payments = 181.25

8 0

3 years ago