Answer:
Substitutes
Explanation:
The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.
Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.
Answer:
16
9.8
12.90
5.8
Explanation:
The price to earning ratio is a financial metric used to value a company. it compares the price of a stock to the earnings of the stock. the lower the metric is, the higher the valuation of the firm
price to earning ratio = market value per share / earnings
1 = 176/11 = 16
2. 78.40 / 8 = 9.8
3. 77.40 / 6 = 12.90
4. 203/35 = 5.8
It can be assumed that $104 worth of Supplies have been used?
Answer:
Allocated MOH= $4,000
Explanation:
Giving the following information:
Machine hours used 1,000 hours
If total manufacturing overhead costs during the month totaled $100,000 when a total of 25,000 machine hours were used
First, we need to calculate the estimated overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 100,000/25,000= $4 per machine hour
Now, we can allocate overhead to Product 95:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 4*1,000= $4,000
Based on the fact that Forward Co. discarded a machine with cost $5,000, the entry to record this transaction in the books would include a credit to Machinery.
<h3>How do you dispose of fixed assets?</h3>
When fixed assets are to be disposed of, the accumulated depreciation upt to that point is looked at to calculate the net book value.
This would then show the company if they made a profit or a loss when they sold the fixed asset with a profit being made when the selling price is higher than the net book value.
Regardless of the price the fixed asset is sold at, the company would record a credit to the fixed asset (machinery) account to show that the fixed asset account is decreasing.
In conclusion, there will be a credit to machinery.
Find out more on disposing fixed assets at brainly.com/question/14542603
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