Answer:
<u>C) quantity supplied is greater than the quantity demanded.</u>
<u>Explanation:</u>
We need not be confused, <em>the market-clearing price is referring to the equilibrium price. </em>Thus, if the current price is above the market-clearing price (that is, the price at which quantity demanded equals quantity supplied), it means the <u>quantity supplied</u> is <em>greater</em> than the<u> quantity demanded</u> of the item.
For example, at a price of $1 per orange, there's an equal amount in quantity demanded and quantity supplied of orange. However, the price increases to $2 per orange; which makes the current price of an orange greater than the market-clearing price of $1.
Answer:
$178
$259
Explanation:
The calculation of the variable costing concept and (b) the absorption costing concept is shown below:-
Cost of Goods Manufactured per unit = $516,200 ÷ 2,900
= $178
Fixed Manufacturing Overhead Per Unit = $234,900 ÷ 2,900
= $81
Variable Product cost Per Unit = Cost of Goods Manufactured per Unit
= $178
Absorption product cost per unit = $178 + $81
= $259
The balance sheet aggregates all cash inflows, which the company receives from its ongoing activities and investment sources, and all cash outflows.
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Answer:
C
Explanation:
Based on the scenario being described within the question it can be said that FL Systems Inc. will find it harder than Oryxo Systems Inc. to attain competitive advantage. This is mainly due to the fact that FL Systems Inc. has a large percentage of their money locked in intangible assets. These are assets that cannot be touched or physically used by the customers which makes it very difficult for customers to see the potential value which ultimately hurts their competitive advantage.
