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Zielflug [23.3K]
3 years ago
7

According to the law of demand, what is the relationship between price and quantity demanded?

Business
1 answer:
Sindrei [870]3 years ago
3 0

Answer:

According to the law of demand, there is a negative or an inverse relationship between the price of the good and the quantity demanded of that good. This means that an increase in the price of a commodity will lead to decrease the quantity demanded for this commodity and a fall in the price of a commodity will lead to an increase in the quantity demanded for this commodity.

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A special order offering to buy 112,000 units has been received from a foreign distributor. The only selling costs that would be
Rzqust [24]

Answer: $88.60

Explanation:

In negotiating a price for the special order, the minimum acceptable selling price per unit is calculated below:

Direct materials = $25.80

Direct labor = $31.80

Variable manufacturing overhead = $11.20

Selling cost = $19.80

Total variable cost = $88.60

7 0
3 years ago
Colaw Co. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Colaw acc
fgiga [73]

Answer:

salaries expense   81,000  debit

    salaries payable               81,000 credit

Explanation:

the recurrring salaries for a biwweekly salaries is 270,000

In two weaks assuming five-day work week, there is 10 days.

so we divide to get the expected wages per day the recurring salaries by the amount of days of that period:

270,000 / 10 = 27,000 per day

Then, we multiply by the 3 days from the current period:

27,000 x 3 = <u>81,000</u>

this will be the accrued expenses for the period

5 0
3 years ago
Explain the roles of taxation and government expenditure in the circular flow of income
STatiana [176]
The role of taxation in the circular flow of income, is basically to have a medium of revenue for the government, if the government is able to earn money, they are able to spend it on the economy.
So then the role of Government expenditure is to make sure the money goes back into the economy, if the government were to save the money, the economy will have restriction to grow, if all the money the government creates from tax was put back into the economy by spending in say, Heath, Education, Investment, the economy can grow because then household will spend money from their income to utilise these industries.
Hopefully this helps!
6 0
3 years ago
A(n) _________ is a computer designed to be used by one person at a time, and it does all of its input, output, processing and s
horrorfan [7]
A personal computer i.e. a laptop
6 0
3 years ago
If you work an 8 hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year?
postnew [5]
Well there are approximately 104 weekend days in a year (not including a leap year) and if he takes 2 weeks off it which would include 4 weekend days you would be left with 100 weekend days. So 100x8=800. So you would work a total of 800 hours in a year.
5 0
3 years ago
Read 2 more answers
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