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3 years ago

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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Answer:

$1265.63

Explanation:

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Loss in purchasing value = future value of the amount saved - amount saved

The formula for calculating future value:

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3 years ago

The following information describes a company’s usage of direct labor in a recent period. The total direct labor cost variance i

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Answer:

Direct labor rate variance= $22,500 unfavorable

Explanation:

Giving the following information:

Actual hours used 45,000

Actual rate per hour $15.00

Standard rate per hour $14.50

<u>To calculate the direct labor cost (rate) variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14.5 - 15)*45,000

Direct labor rate variance= $22,500 unfavorable

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3 years ago

What are goods or services state taxes provides

krok68 [10]

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3 years ago

Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactu

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Answer:

The correct answer is: Cost of goods sold=$844000

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

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3 years ago

Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes thea)

melomori [17]

Answer:

This statement describes. c) revenue recognition

Explanation:

The revenue recognition principle states that one should only record revenue when it has been earned, not when the related cash is collected.

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3 years ago