If the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.
The current price of $3 per pound is lesser that the equilibrium price of $6 per pound which means that their is shortage.
The shortage indicate that their is increase in demand in the market because the quantity demanded is higher than the quantity supplied.
Therefore the rise in price of goods and services will lead to decrease in the quantity demanded of such goods or product.
Inconclusion what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.
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The answer to your question is D
The correct Court of Appeals district based on the States listed below are:
- Tenth
- Eighth
- Ninth
- Fifth
- Seventh
<h3>What is a Court of Appeal?</h3>
This refers to the special court where people who are not satisfied with the judgement passed in a district court come to so that the case can be re-tried.
With this in mind, if a taxpayer in the United States is looking to appeal a decision which was made by a U.S. District Court, the correct Court of Appeals district based on Wyoming. b. Nebraska. c. Idaho. d. Louisiana. e. Illinois are:
- Tenth
- Eighth
- Ninth
- Fifth
- Seventh
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Answer:
D. $137
Explanation:
Using FIFO method, that is first in, first out
After Sale on October 8 we have 7 unit left in the inventory which cost $77
A new purchase was made for 15 units at $12 per unit on October 20, totaling current inventory in unit to 21 unit.
Therefore
Sale on October 25 of 12 unit
= 7 units at $77 + 5 units at $(5 × 12)
= 77 + 60
= $137
Answer and Explanation:
Equivalent units of production is
=Units completed & transferred + Units in ending work in process
= 38400 units+ (85% of 3600 units
= 41460 units
Outstanding Computer's consumption ratio for setup hours is
= (75 setup hours ÷ 155 setup hours) × 100
= 0.48
35.
The direct material that are used for production, direct labor and the applied overhead should be charged to the work in process account
