When the equilibrium price of sugar increases, the equilibrium quantity will decrease. This is because price and quantity have an inverse relationship.
A market-clearing price often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or vendor is free to transfer as many units as they like, and the consumer is free to access as many units as they like.
It is possible to utilize a mathematical formula to determine the equilibrium price. The equilibrium pricing formula is based on amounts of supply and demand; to find the price, put the quantity demanded (Qd) equal to the quantity supplied (Qs) (P). Here is an illustration of the equation: Qs = -125 + 20P when Qd = 100 - 5P.
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Answer:
as part of other income.
Explanation:
A bond's interest income is obtained by multiplying the carrying amount and the market interest rate. Bonds pay interest to the bondholder and when the security is mature it pays off the principal invested. Interest payments are not fixed but rather vary with level of earnings of the company.
Interest revenue on bonds is considered as part of other income because it is income realised from non operating activities, so it cannot be classified as operating income.
The answer is c) pinpointing others for any fault in a product or service
The company should accept the special order because it will get an additional profit of $4,000 ($12,500 - $7,500 - $1,000) for the special order. This additional profit amount can be acquired by separating the effect from the special order on each cost and sales of the company's business. The sales should increase by $12,500 ($5 x 2500 unit) amount if the job is taken and the variable cost should increase by $7,500 ($3 x 2500 unit). Lastly, the fixed cost should increase by $1,000 (the new machine).
Answer:
Absorption and Variable Costing Income:
The true statements are:
D) I and II.
Explanation:
If these two figures (production and sales volumes) are equal, the implication is that there are no beginning and ending inventories of goods. Therefore, the yearly income reported under the two costing systems will be the same.
The claim of statement II is that it is only in the long-run that the total income reported under the two systems will be close to each other. This holds true where there are beginning and ending inventories of goods as established earlier.