Answer:
Dr Unrealized Holding Gain or Loss – Income 45,500
Cr Estimated Liability on Purchase Commitments 45,500
Explanation:
Concord Company
Journal entry
Dr Unrealized Holding Gain or Loss – Income 45,500
Cr Estimated Liability on Purchase Commitments 45,500
Estimated Liability on Purchase Commitments = ($1,024,100 – $978,600) = $45,500
Answer:
Explanation:is called Eminent domain
The relationship between the two goods can be described as Complementary good.
<h3>What is complementary good?</h3>
A Complementary good serves as goods or product that their value is been tied to each another.
Therefore, as a Complementary good, increase in the price of first good brings about decease in price of other.
Learn more about Complementary good at;
brainly.com/question/2097840
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Answer:
The answer is "4200"
Explanation:
Please find the complete question in the attached file:
Calculating the variable cost in km:
Calculating the fixed cost:
1. True - Everything shifts up (higher) as there is more supply and more demand. Imagine if you have a graph with the x-axis being your supply and the y-axis your demand, then the point of equilibrium (meaning the demand & supply cross) will be higher if both increase.
2. False - As the intensity of the demand alone did not increase, because there is no new shortage of supply. So the price will remain the same. (actually in a more complex real life scenario, the price would also probably go down, because of economies of scale in providing goods in larger quantities
3. If the supply increases more, the price will go down as basically the sellers will increase but the buyers did not, so buyers will be able to say "wait a minute, I won't pay that much anymore, there is this other guy selling the same thing who has no buyer for it!'