Answer:
The right answer is, D. Are so many buyers and so many sellers that each has a negligible impact on the price of the product.
Explanation:
In a competitive market there are many sellers and many buyers, so each one has an insignificant influence on the market, that is, each seller controls a price limit since there are other sellers that offer the same products, and if it goes up The price buyers will go to where they find the products at cheaper prices. Therefore the price and quantity sold are not determined by a single buyer and seller, but by many buyers and sellers when they interact in the market.
Answer:
$373,720
Explanation:
Preparation of stockholders’ equity section of Draco’s balance sheet as of December 31
DRACO CORPORATION
Stockholders' Equity Section of the Balance Sheet
December 31
Preferred stock- $10 par value $16,000
(1,600*10)
Paid in capital in excess of par- Preferred stock 59,200
[(47-10)*1,600]
Common stock- $2 par value 12,800
(6,400*2)
Paid in capital in excess of par- Common stock 256,000
[(42-2)*6,400]
Retained earnings 47,000
(74,000-27,000)
Less: Treasury stock (17,280)
(320*54)
Total stockholders' equity $373,720
Therefore stockholders’ equity section of Draco’s balance sheet as of December 31 will be $373,720
Answer:
Dr Variable overhead efficiency variance
Cr Variable overhead spending variance
Explanation:
Preparation the journal entry
Based on the information given in a situation where the variable overhead efficiency variance is unfavorable with the amount of $500 which means that that UNFAVORABLE VARIANCE will be DEBITED and if the variable overhead spending variance is favorable with the amount of $100 which means that the FAVOURABLE VARIANCE will be CREDITED and below is the way the journal entry will be:
Dr Work in process inventory
Dr Variable overhead efficiency variance (UNFAVORABLE)
Cr Factory overhead
Cr Variable overhead spending variance (FAVORABLE)
Therefore the journal entry will include a:
Dr Variable overhead efficiency variance (UNFAVORABLE)
Cr Variable overhead spending variance(FAVORABLE)
Answer:
Yes
Explanation:
Jay who happens to be the husband have claim to the insurance due to the fact that he has been identified as the beneficiary.
Also, Joleen Vora had applied and paid for the first premium however, the policy have not been issued due to the fact that she had not completed the documentation process.
The process can therefore be termed inconclusive so Jay who is the beneficiary can collect the claim.
The location and experience curve economy is the main goal of a global standardization plan, which also recognizes the interdependence of many of its operations.
Using uniform marketing messages and campaigns across markets, nations, and cultures is referred to as a global standardization approach. The largest companies in the world, including Coca-Cola and Adidas, adopt a global standardization approach to provide a unified brand experience across geographies and languages.
A corporation may ensure that its products and the way they are sold are generally the same all over the world, spanning nations, cultures, and platforms, by implementing a global standardization plan. The final objective is to make the brand more recognizable to everyone while simultaneously lowering expenses and complexity.
To learn more about global standardization
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