Answer:
a. firms have different costs.
Explanation:
A market might have an upward-sloping long-run supply curve if
a. firms have different costs.
b. consumers exercise market power over producers.
c. all factors of production are essentially available in unlimited supply.
d. the entry of new firms into the market has no effect on the cost structure of firms in the market.
Answer:
Dr Raw materials $93,000
Cr Accounts payable $93,000
Explanation:
Based on the information given we were told that during the month, the corporation had to purchased an additional raw materials of the amount of $93,000 which means that the journal entry to record the purchase of raw materials would include a:
Dr Raw materials $93,000
Cr Accounts payable $93,000
(To record purchase of raw materials)
Answer and Explanation:
The computation of the missing amount is as follows:
As we know that
The total manufacturing cost = Direct Materials Used + Direct Labor Used + Factory Overhead
So,
(1)
= $42,700 + $64,200 + $52500
= $159,400
(2)
= $298,000 - $78,100 - $144,000
= $75,900
(3)
= $314,000 - $57,400 - $113,000
= $143,600
Answer:
Indifference amount= $17,237.58
Explanation:
Giving the following information:
Suppose you the alternative of receiving either $22,000 at the end of five years or P dollars today.
We need to find the present value of $22,000 at an interest rate of 5%.
PV= FV/(1+i)^n
PV= 22,000/ 1.05^5= $17,237.58
