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3 years ago

For a normal good, a decrease in demand is represented as a

Business

1 answer:

Nina [5.8K]3 years ago

7 0

Answer:

C. leftward shift of the demand curve.

Explanation:

A normal good is a good whose demand increases when income increases and falls when income falls.

The demand curve is represented as downward sloping curve. It slopes downward because the higher the price, the lower the quantity demanded and the lower the price, the higher the quanirty demanded.

A fall in demand is represented by a leftward shift of the demand curve. A rise in demand is represented by a rightward shift of the demand curve.

Factors that leads to a leftward shift of the demand curve:

1. Decrease in income

2. Change in taste - if consumers prefer other products

3. Season

4. Fall in price of substitutes

I hope my answer helps you

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Answer and Explanation:

The journal entries are shown below:

1. Raw material inventory A/c Dr.$49,400

To accounts payable $49,400

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2. Work in process inventory A/c Dr. $33,300

Manufacturing overhead A/c Dr. $8,000

To Raw material inventory Cr. $41,300

(To record the raw material requisitioned is recorded)

3. Factory payroll A/c Dr.$65,200

To cash $65,200

(To record factory labor cost incurred)

4. . Work in process inventory A/c Dr. $54,600

Manufacturing overhead A/c Dr. $10,600

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(To record the direct labor and indirect labor is recorded)

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To accounts payable Cr. $84,900

(To record the manufacturing overhead is recorded)

7. Work in process inventory A/c Dr. $81,900 ($54,600×150%)

To Manufacturing overhead Cr. $81,900

(To record the applied manufacturing overhead is recorded)

8. Finished goods inventory A/c Dr. $96,300

To Work in process inventory Cr. $96,300

(To record the transferred goods are recorded)

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3 years ago

A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. T

shutvik [7]

Answer:

$14,747,642

Explanation:

Data provided in the question

Issued amount = $15,000,000

Coupon rate = 7.8%

Time period = 20 years

Yield to maturity is 8%

So for computing the carrying value of the bonds

First we have to compute the discount amortization for 3 years which is shown below:

= ($15,000,000 - $14,703,108) ÷ 20 years × 3 years

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2 years ago

Allocate $249,000 net income by providing annual salary allowances of $66,000 to Ries, $56,000 to Bax, and $80,000 to Thomas; gr

Elis [28]

Answer:

Some information was missing: Ries invested $80,000 , Bax invested $112,000, and Thomas invested $128,000.

allocation of profits:

Ries = $66,000 + ($80,000 x 10%) = $74,000

Bax = $56,000 + ($112,000 x 10%) = $67,200

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total = $234,000

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3 years ago

For a normal​ good, a decrease in demand is represented as a

For a normal good, a decrease in demand is represented as a