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steposvetlana [31]
3 years ago
9

The demand curve shows an inverse ,or negative , relationship between

Business
1 answer:
Archy [21]3 years ago
6 0
The price of an item and what peple are willing/able to pay for that item.
You might be interested in
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0
4 years ago
On July 15, 2021, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $750,000 and $325,000, respecti
cupoosta [38]

Answer:

Journal entry to record the Sale of Patent

Debit : Cash $750,000

Credit : Patent at Book Value $120,000

Credit : Profit and Loss $630,000

Journal entry to record the Sale of Equipment

Debit : Cash $325,000

Debit : Profit and loss $75,000

Debit : Accumulated depreciation $150,000

Credit : Equipment at Cost $550,000

Explanation:

During a sale transaction the entity recognizes 1. The Cash Proceeds resulting from the sale, 2. The Profit or loss resulting from the sale, 3.The entity derecognizes the Cost or Book Value of the Asset as well as the Accumulated depreciation.

A profit of $630,000 has been earned as a result of the sale of the Patent, whereas a loss of $75,000 has been incurred as a result of sale of Equipment.

8 0
3 years ago
Copa Cabana Corporation is considering the purchase of a new machine costing $30,000. The machine would generate net cash inflow
olga_2 [115]

Answer:

C. 20.00 percent

Explanation:

The computation of the accounting rate of return is shown below:

The formula to compute the accounting rate of return is shown below:

= Annual net income ÷ initial investment

where,  

Annual net income is

= Net cash flows - depreciation expense

= $12,000 - $6,000

= $6,000

And, the initial investment is $30,000

So, the accounting rate of return on initial investment is

= $6,000 ÷ $30,000

= 20%

The depreciation expense is

= $30,000 ÷ 5 years

= $6,000

6 0
3 years ago
Program Evaluation Review Technique (PERT) is a _____ technique because it analyzes a large, complex project as a series of indi
babunello [35]

Answer:

scheduling technique

Explanation:

Project Evaluation Review Technique and Critical Path

Method (CPM) are scheduling techniques used to plan, schedule,

budget and control the many activities associated with projects.

Projects are usually very large, complex, custom products that

consist of many interrelated activities to be performed either

concurrently or sequentially.

3 0
3 years ago
Distinguish between the concepts of service vs. product marketing strategies. Provide an example of each and evaluate why each i
Alex Ar [27]

Answer:

service mena intangible or we can't take it with us or purchase it to take home

product is tangible it is something we can purchase at any time any place

Explanation:

for example service we can see in hotel a room service

for the product we can see Chocolate we can purchase it any where and take to other place but in contrast we can't take service

6 0
3 years ago
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