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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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Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. A

Neporo4naja [7]

Answer:

a. Stockholders' equity as of December 31, 2017: $635,000

b. Stockholders' equity as of December 31, 2018: $524,000

Explanation:

Please find the below for detailed explanation and calculations:

We have the Accounting Equation as: Total Asset = Total Liabilities + Total Equity <=> Total Equity = Total Asset - Total Liabilities

Applying the Accounting Equation to find the Stockholder's Equity at the two point of time require, we have the calculation as below:

* December 31, 2017:

Total Asset = $836,000; Total Liabilities = $201,000

<u>=> Total Stockholder's Equity = $836,000 - $201,000 =$635,000</u>

*December 2018:

Total Asset = $836,000 - $159,000 = $677,000; Total Liabilities = $201,000 - $48,000 = $153,000

<u>=> Total Stockholder's equity = $677,000 - $153,000 = $524,000 </u>

3 0

3 years ago

Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a

ycow [4]

Answer:

ill answer shortly just leaving it here os i dont forget about it

Explanation:

5 0

3 years ago

Roadway Corporation produces a special line of plastic toy racing cars. Roadway Corporation , produces the cars in batches. To m

r-ruslan [8.4K]

Answer:

the efficiency variance for variable overhead setup costs is $4,810 favorable

Explanation:

The computation of the efficiency variance for variable overhead setup costs is shown below;

= ((15,700 ÷ 265) × 4.25) × $45 - ((15,700 ÷ 325) × 3) × $45

= $11,330.6604 - $6,521.5384

= $4,809.12 favorable

= $4,810 favorable

hence, the efficiency variance for variable overhead setup costs is $4,810 favorable

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3 years ago

The members of a certain business run the risk of losing their personal property should the enterprise fail. This is because the

OleMash [197]

I believe the answer is 2/b, have limited liability. this is because they are paying for insurance, which only gives them a limited amount of times where they can ask for a payout before the insurance either skyrockets, or your plan is cancelled because you are deemed a flight risk. hope that helped!

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3 years ago

Varto Company has 12,600 units of its sole product in inventory that it produced last year at a cost of $31 each. This year’s mo

grandymaker [24]

Answer:

It is more profitable to sell the units as-is.

Explanation:

Giving the following information:

Number of units= 12,600

Varto has two alternatives for these items:

(1) they can be sold to a wholesaler for $13 each

(2) they can be processed further for $272,300 and then sold for $34 each.

The first cost of $31 is a sunk cost, it will remain no matter which option is chosen. We will not take it into account for the decision making process.

Option 1:

Effect on income= 12,600*13= $163,800

Option 2:

Effect on income= 12,600*34 - 272,300= $156,100

It is more profitable to sell the units as-is.

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3 years ago