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scZoUnD [109]
3 years ago
10

From the list​ below, select the variable that will cause the demand curve to​ shift: A. The number of firms in the market B. Th

e cost of raw materials C. Consumer income D. Technology and productivity
Business
1 answer:
butalik [34]3 years ago
4 0

Answer:

Option (C) is correct.

Explanation:

Consumer income is one of the main determinant of demand. Consumer income is related with the demand of normal and inferior good.

If there is an increase in the income of a consumer then as a result the demand for a normal good increases and shifts the demand curve rightwards.

If there is a fall in the income of the consumer then as a result the demand for a normal good also decreases and shifts the demand curve leftwards.

Alternatively, the consumer income is inversely related with the demand for inferior goods.

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During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows:
const2013 [10]

The unit product cost under variable costing is computed as follows:

Direct materials                                    $ 4

Direct labor                                               7

Variable manufacturing overhead           1

Variable costing unit product cost      $12

With this figure, the variable costing income statements can be prepared:

                                                                  Year 1                          Year 2

Unit sales                                                40,000 units             50,000 units            

Sales                                                       $1,000,000               $1,250,000

Variable expenses:

The variable cost of goods sold

($12 per unit)                                        480,000                   600,000

Variable selling and administrative

expenses ( $2 per unit)                        80,000                    100,000

Total variable expenses                         560,000                   700,000

 

Contribution margin                               440,000                     550,000

 

Fixed expenses:

 Fixed manufacturing overhead            270,000                    270,000

Fixed selling and administrative             130,000                     130,000

expenses

Total fixed expenses                               400,000                    400,000

Net operating income                            $40,000                     $150,000.

An annual record is a record that public organizations must provide annually to shareholders that describes their operations and economic situations. a report that gives unique information approximately what a corporation has completed and how successful it has been.

Learn more about Income statements here:-brainly.com/question/21851842

#SPJ4

7 0
1 year ago
Which of the following statements is not correct? Multiple Choice After the reversing entry is posted for the adjustment made to
Oksana_A [137]

Answer:

A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance

Explanation:

Reversing entry can be regarded as

a journal entry which is been made during an accounting period, it

reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.

It should be noted thatReversing entries are;

1) made to reverse the effect of certain adjustments.

2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.

3)is the exact opposite (the reverse) of the adjustment.

5 0
2 years ago
The Hydro Index is a price weighted stock index based on the 5 largest boat manufacturers in the nation. The stock prices for th
adelina 88 [10]

Answer:

price divisor after split is 4.5

Explanation:

given data

stock prices = $10

stock prices = $20

stock prices = $80

stock prices = $50

stock prices = $40

solution

we find here first price weighted index for all 5 stock that is

price weighted index = \frac{10+20+80+50+40}{5}

price weighted index = $40

so

price weighted index before split is $40

so after split last stock became half

so new price divisor

we consider denominator to be x

so

40 = \frac{10+20+80+50+40}{x}

x =  \frac{10+20+80+50+40}{40}

x = 4.5

so price divisor after split is 4.5

4 0
3 years ago
All of the following statements about exit in monopolistic competition are true, except: Select the correct answer below: When e
Murljashka [212]

Answer:

When economic losses induce firms to leave the industry, demand for the original firm decreases.

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

5 0
3 years ago
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun
denis23 [38]

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

                                                          Job 1         Job 2         Job 3

Direct materials used                       $(a)        $83,000     $63,150

Direct labor                                    50,000      140,000         (h)

Manufacturing overhead applied 42,500         (d)                 (i)

Total manufacturing costs          145,650          (e)           213,000

Work in process 1/1/14                       (b)           15,500        18,000

Total cost of work in process   201,500            (f)                 (j)

Work in process 12/31/14                  (c)            11,800            (k)

Cost of goods manufactured   192,300            (g)         222,000

                                                          Job 1         Job 2           Job 3

Direct materials used                   $53,150     $83,000       $63,150

Direct labor                                    50,000      140,000         81,000

Manufacturing overhead applied 42,500       119,000        68,850

Total manufacturing costs          145,650      342,000      213,000

Work in process 1/1/14                  55,850         15,500        18,000

Total cost of work in process    201,500       357,500     231,000

Work in process 12/31/14              9,200           11,800         9,000

Cost of goods manufactured    192,300      345,700     222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

6 0
2 years ago
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