If the quantity demanded is greater than the quantity supplied, what will happen to the price?

If Johnny likes homework (H) but hates exercise (E), which of the following might best represent his utility function for homewo

anygoal [31]

Answer:

b. u= h/e

Explanation:

6 0

3 years ago

The following are the typical classifications used in a balance sheet:

goldfiish [28.3K]

Answer:

a. Current assets

Allowance for uncollectable accounts

Inventories

Prepaid rent for next 9 months

Cash

b. Investments and funds

Investment in xyz corporation

c. Property, plant, and equipment

Equipment

Land in use

Building in use

d. Intangible assets

Patents

e. Other assets

Land held for investment

f. Current liabilities

Accounts payable

Deferred rent revenue for the next 12 months

Notes payable due in 6 months

Accrued liabilities

Taxes payable

g. Long-term liabilities

Notes payable due in 5 years

h. Paid-in-capital

Common stock

i. Retained earnings

Income less dividend accumulated

Explanation:

A Balance Sheet shows the balances of Assets, Liabilities and Equity as at the reporting date.

Assets

There are two major asset categories which are Current Assets and Non- Current Assets. Current Assets are assets not exceeding 12 months examples are Inventories and Cash. Whilst Non-Current Assets are assets exceeding a period of 12 months examples are Property, Plant and Equipment items such as Land, Investments and Intangible Assets

Liabilities

There are two major asset categories which are Current Liabilities and Non- Current Liabilities. Current Liabilities are liabilities due to be paid within a period not exceeding 12 months examples are Accrued liabilities and Accounts payable. Whilst Non-Current Liabilities are assets liabilities payable in a period exceeding 12 months examples are Notes payable due in 5 years.

Equity

We have Paid In Capital such as Common Stock and Retained Earnings comprising of Profits and dividends.

Classification of items as will be shown in the balance sheet will be done as above.

3 0

3 years ago

An example of a Biotechnology research career is a/an

Romashka-Z-Leto [24]

Toxicology (D) is the only correct answer to this question.

3 0

3 years ago

Read 2 more answers

Assume a company is considering adding a new product line with the following estimated cost and revenue data: Annual sales 6,000

AlladinOne [14]

Answer:

Financial advantage of $76,000

Explanation :

Concentrate on the incremental revenues (including incremental savings) and incremental costs (including opportunity cost) of adding the new product line.

Analysis of the addition of a new product line

Sales and Savings :

Sales (6,000 units × $ 180) $1,080,000

Sales of complementary products $31,000

Costs and Opportunity Costs :

Variable manufacturing costs per unit ($140 × 6,000 units) (840,000)

Variable selling costs per unit ($15 × 6,000 units) ($90,000)

Incremental fixed manufacturing costs ($ 65,000)

Incremental fixed selling costs ($ 40,000)

Financial advantage (disadvantage) $76,000

4 0

3 years ago

Which of the following transactions require a TREC Seller's Disclosure Notice, to be provided?

xeze [42]

Answer:

none

Explanation:

The Texas Real Estate Commission (TREC) requires that the seller of residential property comprising not more than one dwelling unit must file a Seller's Disclosure Notice. This excludes a condominium or a duplex. Also, if the house is new and has never been used for residential purposes, then the seller doesn't have to file a disclosure either.

The purpose of the disclosure is to inform any issues related with the house that the seller is aware of. But this disclosure does not substitute any inspections that the buyer may want to obtain.

6 0

3 years ago