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tia_tia [17]
3 years ago
14

In 2 or 3 sentences, explain why putting the demand and supply schedules together can help you to see what price and quantities

will be demanded and supplied in the marketplace.
Business
2 answers:
valina [46]3 years ago
8 0
Answer;
<span>By putting demand and supply schedules together, one can view the lowest price, that is where demand is greatest and supply is least, and at the highest price, where demand is least and supply is greatest.
Having these schedules together as a table, you are able to see the highest price and quantities that are acceptable for consumers to consider a demand.

Explanation;
Demand is the amount of goods and services the buyers are willing and able to buy at a given price. The demand curve shows the amount or quantity of goods and services bought at different prices.
A supply curve on the other hand shows the quantity of goods and services supplied at different market prices. 
By putting the two curves and schedules together one can determine the price and the quantities that will be demanded and supplied in the market.</span>
mario62 [17]3 years ago
4 0
Putting the demand and supply schedules together can help you to see what price and quantities will be demanded and supplied in the marketplace through giving you a clear picture of the data. By looking at both, you can already compare how much of the supply and demand of the good and see a clear picture of the relationship between the two and how they affect each other with respect to each other.
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irga5000 [103]

Answer:

Journal entry for each transaction is given below.

Materials were purchased on account for $5,429.

Debit Material Account      $5,429

Credit Payable                    $5,429

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Debit WIP JOB C15 Account      $2,500

Credit Material Account             $2,500

Direct labor expense for Job C15 was $4,250.

Debit WIP JOB C15 Account     $4,250

Credit Payroll Account              $4,250

Actual overhead was incurred on account for $5,385.

Debit Factory Overhead Control Account   $5,385

Credit Expense payable/cash                      $5,385

Factory overhead was charged to Job C15 at the rate of 200% direct labor.

Debit WIP JOB C15 Account                                     $8,500

Credit Applied Factory overhead Account              $8,500

Job C15 was transferred to finished goods at $15,250.

Debit Finished Good Account    $15,250

Credit WIP JOB C15 Account      $15,250

Job C15 was sold on account for $28,000

(2 entries will be passed at this stage)

Debit Cost of Good Sold                $15,250

Credit Finished Good Account      $15,250

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Credit Sales                                    $28,000    

4 0
3 years ago
Karyn is a second-year college student. the job market in her field has not been very good in recent years, and she is very conc
valentinak56 [21]
Worry i hope this helps u out :)
4 0
3 years ago
Woods Company made an ordinary repair to a delivery truck at a cost of $500. Woods' accountant debited the asset account, Equipm
Nutka1998 [239]

Answer:

Yes this statement was an error and its effect on financial statements of Woods will be that asset ( equipment in this case) would be overstated and obviously the net income of the company would also increase.

Explanation:

Here Woods accountant has made the error of debiting the cost of $500 on the asset account ( equipment) , which shouldn't have happened  as the asset accounts have natural debit balance which means that when an amount is debited to the asset account it will increase the value of the asset.

So therefore here we can say that the asset here is overstated and if the assets are shown overstated it is natural that the income reflected would also be overstated.

5 0
3 years ago
Grace, James, Helen, and Charles each own equal interests in GJHC Partnership, a calendar-year-end, cash-method entity. On Janua
Sloan [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
3 years ago
You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on
jeyben [28]

Answer:

$63,852

Explanation:

The computation is shown below:

a) PV of payments is

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= $2,91,612

b) The Loan PV of payments is $3,00,000

c) And, the Balloon payment required is

= (Borrowed amount - loan PV payments) × (1 + rate of interest)^number of years

= ($300,000 - $291,612) × 1.07^30

= $63,852

5 0
3 years ago
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