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3 years ago

What would cause an increase in the equilibrium price of a good?

Business

1 answer:

crimeas [40]3 years ago

5 0

Answer:

Demand and supply

Explanation:

Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.

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A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos

MAVERICK [17]

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of $ 35,000

purchase 12,000 at $9 each = $ 108,000

total units available for sale 17,000

ending <u> (4,000) </u>

sold units: 13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 = 7,000

total cogs = 108,000 +7,000 = 115,000

6 0

4 years ago

On May 1, 2016, Meta Computer, Inc., enters into a contract to sell 5,000 units of Comfort Office Keyboard to

LenaWriter [7]

Answer:

1. 2

2. Journal Entry

3. Journal Entry

Explanation:

1. There are 2 number performance obligations in this contract.

2. Cash Dr, $95,000

To unearned sales revenue $93,100

To unearned discounted sales revenue $1,900

(Being unearned revenue is recorded)

Working Note:-

Sales revenue = 5,000 × $19.6

= $98,000

Coupon applied = $20,000 × (25% - 5%) × 50%

= $2,000

Sales revenue including discount

= $98,000 + ($20,000 × 20% × 50%)

= $100,000

Discount on sales

= $95,000 × ($2,000 ÷ $100,000)

= $1,900

3. Cash Dr, $95,000

To Unearned sales revenue $95,000

(Being unearned revenue is recorded)

3 0

3 years ago

Identify and explain the four primary types of taxes that businesses pay

DENIUS [597]

Answer

Hi,

They are; income tax, self-employment tax, employment tax and Excise tax

Explanation

All businesses are expected to file income tax return on yearly basis. Some pay taxes as they earn the income. The self-employment tax is imposed to contribute to social security and health care cover for a person who works for him or herself. Employment taxes are a mandatory to employers who are required to pay it to cover social security and healthcare taxes and federal unemployment tax for the workers. Some businesses are levied excise tax depending on the goods sold or manufactured, the type of business operation and the type of equipment and products used.

Best wishes!

3 0

4 years ago

You and your client decide that her case is eligible and should be heard by the U.S. Supreme Court. You receive a writ of certio

forsale [732]

Writ of Certiorari: a document that orders a lower court to deliver its record in a case so that the higher court may review it.

7 0

3 years ago

The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a va

Wittaler [7]

Answer:

Answer for the question:

The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America.

is given in the attachment.

Explanation:

7 0

3 years ago