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umka21 [38]
3 years ago
15

Income Statement, Retained Earnings Statement, and Balance SheetThe amounts of the assets and liabilities of Glacier Travel Serv

ice as of September 30, 20Y6, the end of the current year, and its revenue and expenses for the year are listed below. The retained earnings were $150,000, and the common stock was $50,000 as of October 1, 20Y5, the beginning of the current year. Dividends of $10,000 were paid during the current year.Accounts payable $175,000Accounts receivable 321,000Cash 166,000Common stock 70,000Fees earned 900,000Miscellaneous expense $37,000Rent expense 180,000Supplies 13,000Supplies expense 38,000Taxes expense 30,000Utilities expense 75,000Wages expense 425,000
Business
1 answer:
Sidana [21]3 years ago
4 0

Answer:

b

Explanation:

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Both Bison Autos and Sparrow Inc. incur a cost of $9,000 to manufacture a vehicle. However, the economic value created by Sparro
Tcecarenko [31]

Answer: B.Sparrow inc can charge a premium price on its Automobiles.

Explanation:

Sparrow inc can charge a premium price on its Automobiles.

Economic Value is simple the amount of money an economic agent is willing to pay for a good or a service. When both companies incur same amount of costs, for a company to create higher economic value the price must be higher (premium price) or consumers (economic agents) are willing and able to pay premium price for sparrow inc automobiles

3 0
3 years ago
Consider the markets for ball-point pens and the market for "rollerball" pens. Suppose that, due to an increased cost of the met
Vladimir79 [104]

Answer:

The correct answer is: increase; not change; option ii.

Explanation:

An increase in the cost of production would lead to an increase in the price of rollerball pens, this will cause the quantity demanded to decrease. This decline in the quantity demanded will be indicated by an upward movement on the same demand curve. There will be no shift in the demand curve.  

As the price of rollerball pens will increase, the consumers will prefer the cheaper substitute. This will cause an increase in the demand for ball-point pens.

The rollerball pens and ball-point pens are substitute. This means that they can be used in place of each other.

7 0
3 years ago
A decrease in the supply of a good can be expected to cause ____ in the equilibrium price of the good and ____ in the equilibriu
JulsSmile [24]

Answer:

Increase, Decrease

Explanation:

A decrease in the supply results in many buyers competing for very few goods. If the demand is constant, the quantity supplied and price have an indirect relationship. A decrease in the volume of supplied results in an increase in price. Many buyers will be competing for a few products causing the equilibrium price to increase.

A decrease in supply will cause the quantity available for buyers to buy to decline. Consequently, the volume purchased will be fewer.  Equilibrium quantity will, therefore, decrease.

4 0
3 years ago
Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,
Oksanka [162]

Answer:

$450 unfavorable

Explanation:

We have given

Actual price per unit of direct material AP = $5.00

And standard unit price of direct material SP = $5.10

Actual quantity of direct material used AQ = 4500

We have to find the direct material price variance

We know that direct material price variance is given by

=(SP-AP)\times AQ=(5.10-5.00)\times 4500=$450unfavorable

8 0
4 years ago
Carl's Pens, an office supplies company, has launched a new marker pen that can be used on any surface. The company has set up b
lakkis [162]

Answer:

promotion

Explanation:

Promotion element does not only makes people aware of the product, but it rather involves various steps, in which the marketing is ensured at maximum reach, from display to personal selling, everything is included.

When the company has setup the booths for such promotion and that the company has setup such booths in various locations, to attract more and more customers, and free display, and further offering trials.

This is the element of marketing mix, which is a combination of various other techniques.

6 0
3 years ago
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