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vfiekz [6]
4 years ago
13

Suppose both supply and demand increase. What effect will this have on the equilibrium price?

Business
1 answer:
Ronch [10]4 years ago
5 0

Answer:

A new breakeven point will be determined.

Explanation:

The law of supply and demand suggests that price and quantity equilibrium are determined by the interaction between supply and demand. This breakeven point may vary as supply and demand change. When supply increases the price decreases and when the price decreases the demanded quantity increases. In this way, a new equilibrium price will be determined at a lower value than the previous price.

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He said," I don't like you" change in indirect speech​
nika2105 [10]

Answer:

whether'.

Explanation:

4 0
3 years ago
Although the rate of inflation is only 2 percent, Kayla receives a 6 percent increase in salary. She is nonetheless dissatisfied
aalyn [17]

Answer:

b. outcome fairness

Explanation:

Based on the information provided within the question it seems that Kayla is likely to contend there is a lack of outcome fairness. This term refers to the degree to which an outcome meets the standards that are met. Which is why Kayla is dissatisfied, since the salary increase should always be the same and follow a standard, which is not the case in this scenario since Bob's increase was 3% more.

4 0
3 years ago
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it
Natalka [10]

Answer:

$13,000

Explanation:

Calculation for what The ending balance of the Work in Process Inventory account for the Fabricating Department is:

Beginning Balance 10,000

Add Direct Materials 76,000

Add Direct Labor 24,000

Add Factory Overheads 12,000

(50% *24,000)

Less Work Transferred (109,000)

Ending Balance $13,000

Therefore The ending balance of the Work in Process Inventory account for the Fabricating Department is:$13,000

6 0
3 years ago
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries $540,
ollegr [7]

<u>The activity rate for the Order Processing activity cost pool is closest to </u>

<u>542</u>

Explanation:

Given that ,

Wages and salaries  $540,000

Depreciation             $220,000

Rent                          $240,000

Cost pool for order processing activity

Activity Cost Pools= 30% 25% 45%

= (540,000*30%) +(220,000*25%)+(240,000*45%)

= (162000)+(55000)+(108000)

=325000

Hence ,the Cost pool for order processing activity  =325000

We know that the formula for

Activity rate = Cost pool/Total activity

<u></u>

<u>Activity Cost Pool Total Activity Assembly 40,000 labor-hours Order processing 600 orders </u>

<u> </u>

= 325,000/600

= 542

<u>The activity rate for the Order Processing activity cost pool is closest to </u>

<u>542</u>

3 0
4 years ago
In a process cost system, factory depreciation expense incurred is debited to ________.
inysia [295]

Answer:

The correct answer is letter "C": manufacturing overhead.

Explanation:

Manufacturing overhead are untraceable indirect costs that are involved in the process of production given an accounting period. Examples of manufacturing overhead include <em>power and gas service in the manufacturing facility, administrative wages, </em>and <em>depreciation of the equipment used</em>.

8 0
3 years ago
Read 2 more answers
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