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Sergeeva-Olga [200]
4 years ago
11

Which statement defines equilibrium in a graph showing demand and supply curves?

Business
1 answer:
shtirl [24]4 years ago
4 0

Answer:

A. It is the point where the demand and supply curves intersect.

Explanation:

The term equilibrium is used in economics to mean balance.  The equilibrium price is the balance between the demand and supply forces. Therefore, the equilibrium price is the prevailing market price.

In a graph that shows both the supply and demand curves, the equilibrium point will be the intersection point of the two curves. The intersection or equilibrium point will represent the current market price. A change to either the quantity demanded or quantity supplied will cause the equilibrium point to change.

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Peterboro Supply has a current accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. Ho
andreyandreev [35.5K]

Answer:

Time taken will be 31.35 days

Explanation:

We have given account receivable = $391648

Credit sales for the year = $5338411

Number of days in an year = 365 days

We have to find the time taken on average for credit customers to pay off their accounts during the past year

Time taken is given by =\frac{365\times account\ receivable}{credit\ sales}=\frac{365\times3 91648}{5338411}=31.35days

5 0
3 years ago
​"For a small country like the​ Philippines, a move to free trade would have huge advantages. It would let consumers and produce
kirill115 [55]

Answer:

Free Trade, Let producers make their choices, government policy

Explanation:

7 0
3 years ago
Read 2 more answers
Under absorption costing, a company had the following unit costs when 8,000 units were produced. Direct labor $ 8.50 per unit Di
Dimas [21]

Answer:

$24,25

Explanation:

Cost per unit (Variable Costing) = Variable manufacturing costs

                                     = Direct Materials + Direct Labor + Variable Overheads

                                     =  $ 9.00+$ 8.50+$ 6.75

                                     = $24,25

Therefore, the total production cost per unit under variable costing if 25,000 units had been produced is $24,25

8 0
4 years ago
What are examples of current liability in accounting
aliina [53]

Examples of current liabilities include:


1. accounts payable

2. taxes

3. Interest payable

4. Accrued expenses.

Current liabilities are those expenses due within 12 months or less. All other liabilities are reported as long-term liabilities. For a business, they must have enough current assets (cash, sales) to cover current liabilities.


6 0
4 years ago
Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic ini
skad [1K]

Answer:

$318,240

Explanation:

Calculation to determine How much will the company pay in separation costs if these exit interviews are implemented next year

First step is to calculate the Seperation cost per employee

Seperation cost per employee=$5,000+$100

Seperation cost per employee=$5,100

Now let calculate How much will the company pay in separation costs

Total cost =(624*10%)*$5,100

Total cost =62.4*$5,100

Total cost =$318,240

Note that the Total Employee of 624 was given in Complement

Therefore The amount that the company will pay in separation costs if these exit interviews are implemented next year is $318,240

7 0
3 years ago
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