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3 years ago

The ________ is where quantity demanded and quantity supplied are equal at a certain price.

1 answer:

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The answer to this question is Equilibrium price
The equilibrium price most commonly indicate the price level where both sellers and buyers feel satisfied.
In this level, the buyers will get the maximum value from the products while the sellers still maintaining a sustainable level of profit to continue their business.

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Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. true or false

musickatia [10]

Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.

<h3>What is Partnership?</h3>

In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.

To learn more about partnership with the given link

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1 year ago

Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p

harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

6 0

2 years ago

Read 2 more answers

As a junior congress person you have been asked to help promote a bill to allow casino gambling in your state. There is much opp

Julli [10]

In such a case, the first step for Junior to conduct effective distributive negotiation would be to adequately prepare for it. As he was assigned to promote a bill to allow casino gambling in the state, he should know thoroughly about the pros and cons that involve this activity and also seek to understand the arguments of who is against the bill's approval. Knowing your negotiating adversary will make it much easier to find your flaws and weaknesses so that you can bargain effectively. Junior could at first set up an assembly and then consistently present the positive points, presenting solutions to the opposition's problems and showing relevant points that the opposition did not expect. Some bargains could be the focus on security that these establishments would have, surveillance, the creation of new jobs, the stipulation of the opening hours of the Casino, among others.

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3 years ago

Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $12,270. The bank st

prohojiy [21]

Answer: Please see below for the reconciliation of bank and book balance for Stone systems as $15,310

Explanation:

Bank Reconciliation Statement for July 31 , 20Y5 for Stone Systems

Particulars Amount

Balance on bank statement $15,440

Additions:

Outstanding Deposits $5,790

Deductions:

Outstanding checks $5,560

Bank Error (400-40) $360

Adjusted bank balance $15,310

Balance in books $12,270.

Additions:

Note Collection plus interest $3,010

Incorrect recording of check

($880-$800) $80

Deductions

Bank Service charges $50

Adjusted book balance $15,310

5 0

3 years ago

AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, th

mixer [17]

Answer:

AccuBlade Castings Inc.

Casting Department

a. Journal Entries for:

1. The materials charged to production:

Debit WIP $350,000

Credit Raw materials $350,000

To record the cost of materials charged to production.

2. The conversion costs charged to production:

Debit WIP $49,600

Credit Direct Labor $19,840

Credit Manufacturing overhead $29,760

3. Debit Machining Department $402,827

Credit WIP $402,827

To record the transfer of completed units to the machining department.

b. Work-in-Process - Casting Department balance = $29,616

c. The change in the costs per equivalent unit for direct materials and conversion from April:

Direct Materials Conversion

April cost per equivalent unit $132.00 $18.00

May cost per equivalent unit $139.33 $19.89

Change in cost per equivalent unit $7.33 increase $1.89 increase

The cost per equivalent unit increased in both direct materials and conversion for May when compared to April's.

Explanation:

a) Data and Calculations:

Units

Beginning WIP 230

Started 2,500

Transferred 2,530

Ending WIP 200

Equivalent units of production:

Units Direct Materials Conversion

Transferred 2,530 2,530 (100%) 2,530 (100%)

Ending WIP 200 200 (100%) 88 (44%)

Total equivalent unit 2,730 2,618

Cost of production:

Direct Materials Conversion Total

Beginning WIP$30,360 (230*$132) $2,484 (230*60%*$18) $32,844

Started 350,000 (2,500*$140) 49,600 (2,500*$19.44) 399,600

Total costs $380,360 $52,084 $432,444

Cost per equivalent unit:

Direct Materials Conversion

Total costs $380,360 $52,084

Equivalent units 2,730 2,618

Cost per equivalent unit $139.33 $19.89

Allocation of production costs:

Direct Materials Conversion Total

Units transferred out $352,505(2,530*$139.33) $50,322 (2,530*$19.89) $402,827

Ending WIp 27,866(200*$139.33) $1,750 (88*$19.89) $29,616

Total costs $380,371 $52,072 $432,443

7 0

3 years ago