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3 years ago

what explores how market prices for individualgoods are determnined and how prices adjust to a variety of different events,?

Business

1 answer:

Naya [18.7K]3 years ago

8 0

Answer:

Microeconomics

Explanation:

MIcroeconoomics is a branch of economics that looks into the behavior of individuals and organizations in making regarding the allocation of resources and the interaction between the individuals and the organization.

Cheers.

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Cullumber Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers.

Andru [333]

Answer:

01-Jun

Dr Inventory $3,065

Cr Accounts Payable $3,065

03-Jun

Dr Accounts Receivable $1,000

Cr Sales $1,000

03-Jun

Dr Cost of goods sold $850

Cr Inventory $850

06-Jun

Dr Accounts Payable $ 65

Cr Inventory $ 65

09-Jun

Dr Accounts Payable $ 3,000

Cr Cash $2,880

Cr Inventory $120

15-Jun

Dr Cash $ 1,000

Cr Accounts Receivable $ 1,000

17-Jun

Dr Accounts Receivable $1,750

Cr Sales $1,750

17-Jun

Dr Cost of goods sold $950

Cr Inventory $950

20-Jun

Dr Inventory $900

Cr Accounts Payable $900

24-Jun

Dr Cash $1,680

Dr Sales Discounts $70

Cr Accounts Receivable $1,750

26-Jun

Dr Accounts Payable $ 900

Cr Cash $891

Cr Inventory $ 9

28-Jun

Dr Accounts Receivable $2,950

Cr Sales $2,950

28-Jun

Dr Cost of goods sold $920

Cr Inventory $920

30-Jun

Dr Sales Returns & Allowances $240

Cr Accounts Receivable $240

30-Jun

Dr Inventory $ 55

Cr Cost of goods sold $ 55

Explanation:

Preparation of the Journal entries for the month of June for Powell Warehouse, using a perpetual inventory system.

01-Jun

Dr Inventory $3,065

Cr Accounts Payable $3,065

03-Jun

Dr Accounts Receivable $1,000

Cr Sales $1,000

03-Jun

Dr Cost of goods sold $850

Cr Inventory $850

06-Jun

Dr Accounts Payable $ 65

Cr Inventory $ 65

09-Jun

Dr Accounts Payable $ 3,000

($3,065-65)

Cr Cash $2,880

($3,000-$120)

Cr Inventory $120

($3,000*4%)

15-Jun

Dr Cash $ 1,000

Cr Accounts Receivable $ 1,000

17-Jun

Dr Accounts Receivable $1,750

Cr Sales $1,750

17-Jun

Dr Cost of goods sold $950

Cr Inventory $950

20-Jun

Dr Inventory $900

Cr Accounts Payable $900

24-Jun

Dr Cash $1,680

($1,750-$70)

Dr Sales Discounts $70 (1,750*4%)

Cr Accounts Receivable $1,750

26-Jun

Dr Accounts Payable $ 900

Cr Cash $891

($900-$9)

Cr Inventory $ 9

($900*1%)

28-Jun

Dr Accounts Receivable $2,950

Cr Sales $2,950

28-Jun

Dr Cost of goods sold $920

Cr Inventory $920

30-Jun

Dr Sales Returns & Allowances $240

Cr Accounts Receivable $240

30-Jun

Dr Inventory $ 55

Cr Cost of goods sold $ 55

3 0

3 years ago

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permi

murzikaleks [220]

Answer:

A. Conflict of interest

Explanation:

Conflict of interest for an organization or company is a situation whereby the organization has competing interest or loyalties become of their duties to provide more than one service for an individual or organization. This is why the act prohibited accounting firms from doing both consulting services and auditing services for the same clients as there'd be a lot of conflict of interest in doing both.

The company may not be able to make a fair decision if they would be affected by it.

4 0

3 years ago

he cost for producing a certain product is $37 each. The fixed costs are $70,000. The selling price for each product is $72. 1.

DIA [1.3K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The Variable unitary cost= $37 each.

The fixed costs are $70,000.

The selling price for each product is $72.

1) revenue function= P*X

Revenue function= 72*x

Option E

2) Profit function= (P-Vc)*X-Fc

Profit function= 35*x-70000

Option B

3) break-even quantity= fixed costs/contribution margin

break-even quantity= 70000/35= 2000 units

Option D

4) break-even point ($)=fixed costs/contribution margin ratio

Contribution margin ratio= contribution margin/P= 0,49

break-even point ($)=70000/0,4861111= $144000

5 0

3 years ago

When radio is used as an advertising medium, which of the following statements is usually true. a.Local customers embrace radio

devlian [24]

Answer:

a. Local customers embrace radio advertising.

Explanation:

Advertising is any paid form of non personal presentation and promotion of goods and services which is aimed at promoting immediate sales.

There are several forms of advertisements which are radio, television, news papers and magazines, direct mails, fairs and exhibition, window display, outdoor advertising etc.

Radio advertising is one of the important forms of advertising because it covers wider range and all listeners. Local customers also embrace radio advertisement because they might not have immediate access to other forms like newspaper and magazines.

However, one of the disadvantages of radio advertising is high advertising cost. The messages are also very short and one could barely hear those messages atimes.

7 0

3 years ago

Bretts Construction Company had a contract starting April 2017, to construct a $6,000,000 building that is expected to be comple

ExtremeBDS [4]

Answer: $230,000

Explanation:

Gross profit to be earned from project:

= Construction price - cost of construction

= 6,000,000 - 5,500,000

= $500,000

Percentage of costs incurred in 2017:

= 2,530,000 / 5,500,000 * 100%

= 46%

The Gross profit for 2017 is therefore:

= Percentage of cost incurred * total gross profit

= 46% * 500,000

= $230,000

4 0

3 years ago