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3 years ago

HELP!!!! If supply increases, what is likely to happen to the price?

1 answer:

katrin2010 [14]3 years ago

3 0

When supply increases, the most likely result is the price will lower. This is based on the concept of supply and demand, so when demand goes up and the supply goes down, the price goes up. If the Demand goes down but the supply goes up, the price lowers.

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What force have caused cost and management accounting system designed decade's ago to become less relevance and less valuable fo

kherson [118]

Answer with its Explanation:

The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:

The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.
The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.
The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.

5 0

3 years ago

Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The avera

Lilit [14]

Answer:

Average inventory= $41,750

Explanation:

Giving the following information:

Beginning Inventory= $37,200

Ending Inventory= $46,300

<u>To calculate the average inventory, we need to use the following formula:</u>

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (37,200 + 46,300) / 2

Average inventory= $41,750

6 0

3 years ago

An example of a business which would have no beginning or ending inventory but which could use process costing to compute unit c

kodGreya [7K]

Answer:D

Explanation:

4 0

3 years ago

Sullivan signs an employment agreement with Keller Construction. Two days after signing, Sullivan receives a job offer from Big

lyudmila [28]

Answer:

Yes,

Explanation:

Yes, in this scenario a verbal release would be valid and enforceable. In any scenario where a verbal agreement is made that includes exchanging two things of value automatically becomes valid and enforceable. In this case, Keller Construction is giving up the contract with Sullivan which is valuable to them in exchange for Sullivan's service in finding another suitable candidate that can provide similar value to the company. Therefore making it a proper exchange of value.

8 0

3 years ago

Which system is used for managing global operations, supporting an international company’s decision-making processes, and dealin

const2013 [10]

Answer:

(D) global information

Explanation:

A global information system is an information system which is used in a global context. and deliver the totality of measurable data worldwide within a defined context.

Examples

Systems developed for multinational users, SAP, Oracle ,JDE, are a global ERP system

Global Information Systems for Education

8 0

3 years ago