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eduard
3 years ago
9

The distinction between supply and the quantity supplied is best made by saying that___________.

Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve. 

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in  price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied.  This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number  of suppliers

Technological advancement

Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

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How do supply and demand influence market price?
rosijanka [135]

Answer:

The answer would be D) The market clearing price is where quantity demanded is equal to quantity supplied.

Explanation:

5 0
3 years ago
A company identified the following estimated data in its two production departments. During the current month, Assembly used 200
Firdavs [7]

Answer:

$9,000

Explanation:

1.Finishing’s departmental rate based on MH

= Finishing’s costs/Finishing’s machine hours

= $90,000/2,000 = $45 per MH

2.Cost assigned to Finishing based on MH

= Finishing’s departmental rate based on MH * Finishing’s currently used machine hours

= $45 per MH * 200 MH = $9,000

Therefore If the company uses a departmental overhead rate based on machine hours, $9,000 overhead cost will be assigned to Finishing this month

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3 years ago
Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of
larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

Account payables beginning balance is $14, ending balance is $16

Cost of goods sold is $30

Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory

Purchases = 30-90+93 = 33

<h2 />

In the Accounts Payable Account

Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side

Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.

Hence: 14+33= payments during the period + 16

Payments during the period = 14+33 - 16 = $31

7 0
3 years ago
Ellen enjoys working at Starbucks because of her interactions with customers and co-workers. The satisfaction that Ellen feels w
mojhsa [17]

Answer:

B) nonfinancial compensation

Explanation:

Non-financial compensation doesn't have any monetary value; instead, it involves the satisfaction that an employee receives from his work environment. This satisfaction can be emotional and psychological.

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3 years ago
how do you know a selection device is valid? what are the possible consequences of using invalid selection methods? how can an o
solniwko [45]

Poor quality and unsuitable candidates will frequently be hired as a result of an ineffective staff selection process. If it is unreliable, it will make the<u> negative effects</u> worse and ultimately kill the organization.

<h3>Define the term invalid selection methods?</h3>

Validity is a gauge of how effective a particular strategy is. A selection procedure is legitimate if it increases your chances of selecting the best candidate for the position.

  • It is feasible to evaluate recruiting choices based on desired results like a quick pick-up time, low attendance, or a solid safety record.
  • Finding a new hire who is most fit for the position at hand is the process of employee selection, sometimes referred to as applicant selection.
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However, the majority of organization have a secret goal in mind when hiring new personnel. These qualities might not be present in these selecting processes.

To know more about the selection methods, here

brainly.com/question/28505203

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1 year ago
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