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UNO [17]
3 years ago
8

The quantity demanded of a good is the amount that buyers are a. willing to purchase. b. willing and able to purchase. c. willin

g, able, and need to purchase. d. able to purchase.

Business
1 answer:
Len [333]3 years ago
3 0

Answer:

b. willing and able to purchase.

Explanation:

The quantity demanded of a good is the amount that buyers are willing and able to purchase at a given price.

Usually the quantity demanded increases as price decreases. This is in line with the law of demand which says, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This is why the demand curve is downward sloping.

I hope my answer helps you

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3 0
1 year ago
James would like to deposit enough money in a savings account to have $8,000 at the end of year 3. Assuming the investment will
faltersainse [42]

Answer:

  $6910.70

Explanation:

At the end of each year, the account balance will be 1.05 times the value at the beginning of the year. Thus, at the end of year 3, the value is 1.05^3 times the original value.

  $8000 = (deposit)×1.05^3

  deposit = $8000/1.05^3 ≈ $6910.70

James should deposit $6910.70 today.

7 0
3 years ago
Boxer Industries worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's
kkurt [141]

Answer:

Overhead= $6,000

Explanation:

Giving the following information:

Job 403:

Direct material=  $40,000

Total manufacturing costs = $50,000

Boxer applies overhead at 150% of direct labor cost.

Total manufacturing costs= direct material + direct labor + allocated overhead

50,000= 40,000 + (direct labor + allocated overhead)

(direct labor + allocated overhead)= $10,000

<u>We know that overhead is 50% higher than direct labor. In 100%, direct labor would de 40% and overhead 60%.</u>

direct labor=10,000*0.4= $4,000

Overhead= 10,000*0.6= $6,000

3 0
3 years ago
On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
Margaret [11]

Answer:

b. $6,000

Explanation:

Depreciation is calculated on the cost of asset. Cost of asset includes the transportation and installation cost, because both are necessary in order to function the asset.

Accordingly total cost of asset = $40,000 + $1,000 = $41,000

Salvage value = $5,000

Thus, amount to be depreciated = $41,000 - $5,000 = $36,000

Useful life of the asset = 6 years

Straight line depreciation = $36,000/6 = $6,000 annually.

8 0
3 years ago
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