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3 years ago

The law of supply states that

Business

1 answer:

pashok25 [27]3 years ago

5 0

B. as price rise so will supply, and prices will fall, so will supply

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The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 8,000 batte

grin007 [14]

Answer and Explanation:

The computation is shown below:-

a) raw-materials is

= (8,000 - 7,600) × $80

= $32,000

b) work in process 7,500 batteries x $80 x 10%

= $60,000

c) Finished goods = 7,500 batteries × $80 × 90% × 30%

= $162,000

d) cost of goods sold 7,500 batteries x $80 × 90% × 70%

= $378,000

e) selling expense is

= 100 × $80

= $8,000

Total 8,000 batteries purchased × $10 per battery is

$80,000

2. Specification is shown below:

a) rawmaterials stock $32,000 Balance Sheet

b) work inprocess $60,000 BalanceSheet

c) Finishedgoods stock $162,000 BalanceSheet

d) cost of goodssold $378,000 IncomeStatement

e) sellingexpense $8,000 IncomeStatement

7 0

3 years ago

Q 7.1: a _____ would be properly classified as cash.

kotegsom [21]

A savings account would be properly classified as cash which is an interest bearing bond account held at a bank or alternative monetary organization that offers an uncertain interest rate. The banks or monetary organizations may have assured the number of withdrawals can create from savings account each month and burden fees if uphold a certain average monthly balance in the account.

8 0

3 years ago

EA1.

Akimi4 [234]

Answer:

Explanation:

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5 0

3 years ago

Which loan type provides interest subsidy meaning department of education pays your interest while.

zlopas [31]

Subsidized direct loan provides interest subsidy meaning department of education pays your interest while.

The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans come in many different forms. There are a number of factors that can differentiate the costs associated with them along with their contractual terms. Interest rates have a significant effect on loans and the ultimate cost to the borrower. Loans with higher interest rates have higher monthly payments or take longer to pay off than loans with lower interest rates.

Learn more about loan, refer:

brainly.com/question/22594723

#SPJ4

5 0

1 year ago

calculate how much credit created by commercial bank when there is a deposit of 80000, reserve requirement is 8% and withdrawl i

Scrat [10]

Answer:

Amount of credit created by commercial bank = 47,840

Explanation:

Given:

Total deposit in bank = 80,000

Reserve requirement = 8%

Withdrawal = 35%

Find:

Amount of credit created by commercial bank

Computation:

Amount available for withdrawal = Total deposit in bank[1 - Reserve requirement]

Amount available for withdrawal = [80,000][1-8%]

Amount available for withdrawal = 73,600

Amount of withdrawal = Amount available for withdrawal[35%]

Amount of withdrawal = 73,600[35%]

Amount of withdrawal = 25,760

Amount of credit created by commercial bank = 73,600 - 25,760

Amount of credit created by commercial bank = 47,840

6 0

3 years ago