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3 years ago

Write a generalization about the relationship between price and the quantity supplied

Business

1 answer:

SVETLANKA909090 [29]3 years ago

6 0

Answer:

see below

Explanation:

Supply is the term used by economists to describe the quantity that supplies are willing to sell to buyers at a given price or different prices. As per the law of supply, the higher the price, the more quantities firms will be willing to supply.

The supply curve is a graphical illustration of the relationship between the price of a commodity, and the quantities firms are willing to supply at different prices. The supply curve is upward sloping. The X-axis of the graph indicates the quantities at different prices. This relationship can also be expressed in a tabular format known as the supply schedule.

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Bonita Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures wer

solong [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

6 0

3 years ago

. Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control? Explain why this type

Nata [24]

Answer:

The type of credit that requires borrowers to carefully manage debt so that it doesn't get out of control is revolving credit. The customer can purchase anything they want up to a certain amount each month, and if the borrower does not carefully manage their revolving credit, it could get out of control.

4 0

2 years ago

Read 2 more answers

( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 i

Over [174]

Answer:

The correct option is;

The company's Financial Books

Explanation:

In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.

7 0

3 years ago

Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas

VikaD [51]

Answer:

a) Budgeted manufacturing overhead rate = budgeted overhead cost / budgeted labor hours

= $ 4,140,000/ 180,000 hrs

= $23 per hour.

b. JOURNAL ENTRY

Debit Work in process $4,347,000 Credit Manufacturing overhead $4,347,000

c. under or over applied = Actual overheads - applied

= $4,337,000 - $4,347,000

Over applied = 10,000

yes the amount of over applied overheads is significant and material enough and it should be written off against cost of sales.

JOURNAL ENTRY

Debit Manufacturing overheads $10,000 , Credit Cost of sales $10,000

Explanation:

allocated manufacturing overheard = $23 * 189000 hrs = $4,347,000

4 0

2 years ago

Marion Industries has an average accounts receivable turnover ratio of 12 times per year whereas most of its competitors have a

deff fn [24]

Answer:

C. using more liberal credit terms to increase sales

Explanation:

According to the question it is given that the ratio of account receivable turnover has measured that comes 12 times which means it took 30 days

= 365 ÷ 12

= 30.41

= 30 days

But according to the competition, the ratio of account receivable turnover is 8 times so the competitor took 45 days

Therefore the Management of marian would have more liberal credit terms that would increase the sales

5 0

2 years ago