Answer:
The demand curve for wine shifts to the right
Explanation:
As per the forecast, there should be a decline in grape harvest. This induces the buyers to purchase more quantity of grapes in an anticipation of decline in future harvest which would eventually make grapes costlier than now.
Production of wine depends upon the availability of inputs. Grape being one of the necessary inputs. This means if in future, price of grapes rise, the production of wine would be costlier, which would raise the price of wine.
As a consequence of such an announcement, the wine market would experience an immediate increase in demand for wine which would shift the demand curve to the right.
Answer:
C. a government plan that provides monthly payments to people upon retirement
i believe it's helps you
Answer:
$30,000 under applied
Explanation:
For computing the over applied or under applied, first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)
= $1,200,000 ÷ 300,000 hours
= $4
Now we have to find the applied overhead which equal to
= Actual machine hours × predetermined overhead rate
= 280,000 × $4
= $1,120,000
So, the ending overhead equals to
= Actual manufacturing overhead - applied overhead
= $1,150,000 - $1,120,000
= $30,000 under applied
Answer:
d. posting
Explanation:
There are various steps to prepare the financial statements. These are as follows:
1. Journalizing: It is a recording of business transaction with a narration in which the one account is debited and the other account is credited. It can be more transactions debited and credit that is depending upon the nature of the transaction.
2. Ledger posting: After recording the journal entries, the next step is to make the number of ledger i.e posting of the amount and the accounts to their respective ledger i.e sales ledger, purchase ledger, etc
3. Trial balance
4. Income statement
5. Statement of owners equity
6. Balance sheet
7. Cash flow statement
