1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
3 years ago
11

In a market when the price of a good changes:

Business
1 answer:
garri49 [273]3 years ago
6 0

Answer:

O both quantity demanded and quantity supplied change for the good.

Explanation:

A change in the price of a good leads to a movement along the demand and supply curve for that good. This leads to changes in both quantity demanded and quantity supplied for the good.

All things being equal, the higher the price of a good, the lower the quantity demanded and the lower the price of a good, the higher the quantity demanded.

All things being equal, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Other factors other than changes in price of the good lead to changes in both demand for and supply of the good and shifts both the demand curve and the supply curve for the good.

I hope my answer helps you

You might be interested in
ACCOUNTING:
Oksana_A [137]

Explanation:

why is this so much who assigned you this

3 0
3 years ago
. If the Federal Reserve raises interest rates in an autonomous tightening ________. A) the MP curve shifts up, there is an upwa
Tasya [4]

Answer:

A the MP curve shift up ,there is an upward movement along the IS curve

7 0
3 years ago
All of the following are capital assets EXCEPT: 100 shares of UVX stock. A car used by a ride-hail service driver. A fully rente
Bezzdna [24]

Answer:

A fully rented apartment building

Explanation:

Capital assets are a term that describes substantial portions of property including homes, cars, stocks, bonds, etc. In other words, specifically in business, a capital asset is defined by its valuable life which is extended than a year and is not planned for sale at a typical period of business's operation.

Hence, in this case, the right answer is A fully rented apartment building

8 0
3 years ago
Froya Fabrikker A/S of Bergen, Norway, Is a small company that manufactures specialty heavy equipment for use In North Sea oil f
Zinaida [17]

Answer:

NOTE:

Missing Information:

d. Accrued salary and wage costs:

Direct labor (970 hours) $320,000

Indirect labor $108,000

Selling and administrative salaries $200,000

e. Maintenance costs incurred on account in the factory, $72,000.

f. Advertising costs incurred on account, $154,000.

g. Depreciation was recorded for the year, $90,000 (75% related to factory equipment, and the remainder related to selling and administrative equipment)

h. Rental cost incurred on account, $115,000 (80% related to factory facilities, and the remainder related to selling and administrative facilities).

i. Manufacturing overhead cost was applied to jobs, $ _____

j. Cost of goods manufactured for the year, $950,000.

k. Sales for the year (ail on account) totaled $2.100.000. These goods cost $980.000 according to their job cost sheets.

Answer:

Schedule of goods sold and income statement of the year.

a) raw materials 220,000 debit

        accounts payable    220,00 credit

b) WIP 205,000 debit

     raw materials  205,000 credit

c) factory overhead   56,700 debit

  utilities expense       6,300 debit

         utilities payable    63,000  credit

d) WIP 320,000 debit

  Factory overhead 108,000 debit

  salaries expense  200,000 debit  salaries and wages payables   628,000 credit

e) factory overhead   72,000 debit

                  cash 72,000 credit

f) advertizing expense 154,000 debit

                       cash 154,000 credit

g) factory overhead 67,500 debit

   depreciation expense  22,500 debit

  acc depreciation- equipment       90,000 credit

h) factory overhead    92,000 debit

  rent expense    23,000 debit

          cash      115,000 credit

i)   WIP (970 hours x $380 per DHL) = 368,600 debit 

 factory overhead      368,600 credit

j) finished goods 950,000 debit

         WIP   950,000 credit

k) account receivables 2,100,000 debit

 sales revenues  2,100,000 credit

   cost of goods sold  980,000 debit

  finished goods  980,000 credit

Explanation:

The attachment below shows the step-by-step explanation to the question

3 0
3 years ago
Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
trapecia [35]

Answer:

b. $75,000

Explanation:

Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by using purchase and installation cost of a fixed asset, minus its estimated salvage value at the end of its useful life.

Depreciable cost = Total asset cost - salvage value = $90,000 - $15,000 = $75,000

The company then uses a depreciation method, such as the straight-line method, to calculate depreciation expense of the equipment.

Example:

Annual Depreciation expense = $75,000/6 = $12,500

5 0
3 years ago
Other questions:
  • How do price changes affect equilibrium?<br> (Gradpoint)
    15·1 answer
  • The reserve requirement is​ 10%. Suppose that the Fed ​$ worth of U.S. government securities a bond​ dealer, electronically the​
    15·1 answer
  • An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
    11·1 answer
  • Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the tota
    13·1 answer
  • Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream
    11·1 answer
  • . Economic stability is a situation in which the economy experiences constant and low . True or False
    10·2 answers
  • Suppose students like to eat pepperoni pizza, bean and rice burritos, and hamburgers (made from beef) from the food establishmen
    11·1 answer
  • Eric was in the store and started looking at riding lawn mowers. He didn't come to this store for the purpose of purchasing one,
    13·1 answer
  • Southern Markets has sales of $78,400, net income of $2,400, costs of goods sold of $43,100, and depreciation of $6,800. What is
    7·1 answer
  • Select the examples that best demonstrate likely tasks for Administration and Information Support workers. Check all that apply.
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!