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nlexa [21]
3 years ago
15

Consider the following​ statement: ​"An increase in supply decreases the equilibrium price. The decrease in price increases​ dem

and." The statement is A. ​false: decreases in price affect the quantity​ demanded, not demand. B. ​false: increases in supply increase price. Decreases in price increase demand. C. ​true: increases in supply decrease price. Decreases in price increase demand. D. ​false: increases in supply decrease price.
Business
1 answer:
pochemuha3 years ago
5 0

Answer:

The correct answer is option A.

Explanation:

An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.

The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.

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George runs an outlet where he sells personalized t-shirts. he spends $35 to rent the printing machine and $25 for phone service
FromTheMoon [43]
The answer is 15 shirts.

35+25=60 dollars, so George needs to make more than that in order to make a profit. 
If I recall, the following of the question is it costs 5.80 to make a shirt and he charges 10. 
5.8*15=87 , 10*15=150. 150-87=63. He makes a 3 dollar profit, but it's still considered profit. 
7 0
3 years ago
In selecting machine usage as the primary cost driver of overhead costs for the Production​ Department, management feels that th
pychu [463]

Answer:

True

Explanation:

Machine is the key component while processing the raw material into finished goods.

This is related to the goods as machine hours are directly related with the number of units.

Accordingly, there is a belief of management that the overheads are directly related to machine hours.

And thus, they are allocated based on machine hours under traditional costing. As therefore, the statement is true as states all of the above things.

5 0
3 years ago
During 2017 the DLD Company had a net income of $85,000. In addition, selectedaccounts showed the following changes: Accounts Re
miv72 [106K]

Answer:

A) $84,500

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

Hence, amount of cash provided by operating activities

= -$3,000 + $1,000 + $1,500 + $85,000

= $84,500

The increase in asset other than cash is an outflow, increase in liability is an inflow of cash. Depreciation is a non-cash item added back while increase in building and bond payable are investing and financing activities respectively.

7 0
3 years ago
david wants to know if his company's resources are being used in the best, most productive manner in order to achieve company go
abruzzese [7]

David wants to know if his company’s resources are being used in the best, most productive manner in order to achieve company goals. David wants to know his organization’s efficiency.

<h3>What is the significance of the organization’s efficiency?</h3>

Organizational efficiency of an organization mainly examines and determines how to increase the productivity of an organization by using a specific amount of resources.

Organization’s efficiency plays a very significant role in the smooth and effective operations of the firm as it helps the organization achieving the objectives.

Basically, the efficiency of an organization completely depends on its employees, resources, goals and objectives.

Learn more about organization’s efficiency here:-

brainly.com/question/13021831

#SPJ4

7 0
1 year ago
During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. Th
horrorfan [7]

Based on the amount of raw materials requisitioned, the journal entry to debit the Manufacturing Overhead would be $4,000.

<h3>What amount would be debited to manufacturing overhead?</h3>

The manufacturing overhead is for expenses that are not directly involved in the manufacturing process.

This is why it is the indirect material amount of $4,000 that will be debited to the manufacturing overhead account.

Find out more on manufacturing overheads at brainly.com/question/13312583.

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7 0
2 years ago
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