Answer:
amount of a product and the price a consumer pays
Explanation:
A chart that shows the relationship between quantity demanded and price shows the relationship between the amount of a product purchased by a consumer and the price of the prodcut.
It doesn't show the relationship between th3 interest a consumer has in a product and its price. Interest doesn't always translate in demand for the product. A consumer might be interested in a product but might not buy it due to its price or other factors.
A chart that shows the relationship between price and quantity demanded is the demand curve. It plots price on the vertical axis and quantity demanded on the horizontal axis. The demand curve is usually downward sloping to illustrate the law of demand. The law of demand says that the higher the price of a product, the lower the quantity demanded and the lower the price of a product, the higher the quantity demanded.
Answer:
$153,000
Explanation:
Under an installment sales method, the seller defers the recognition of gross profit on sale arising out of a transaction, unless money is actually received for such a transaction.
Rate of profit earned by Rigsby Sales Co. for sale of tract of land
= Sales proceeds - Cost
= $5,000,000 - $3,300,000
= $17,00,000
Rate of profit earned = 
= 
= 34%
Money received during current year i.e 2021 =
Down payment of $450,000
Thus, the revenue to be recognized and to be reported as per installment sales method for year ending on Dec 31, 2021 would be,
= Rate of profit earned on the transaction × Receipts during the period
= 34% × $450,000
= $153,000
Answer:
the relevant cost to make is $44.35
Explanation:
given data
Direct material = $ 8.10
Direct labor = 24.10
Overhead = 40.50
Total product cost per unit = $ 72.70
Cost of purchase = $42.35
solution
we know here that 70% of overhead cost is unavoidable
so we can say that it will not be considered for decision making
so here Cost of manufacturing will be
Cost of manufacturing = $8.10 + $24.10 + ( 30% of $40.50 )
Cost of manufacturing = $44.35
and
Cost of purchase is = $42.35
so here we can say the relevant cost to make is $44.35
A cartel exists when various companies producing similar products or services work together to control markets for the types of goods and services they produce.
A cartel is a group of independent market participants who work together to improve profits and control the market. Cartels are usually associations in the same line of business and mergers of competitors.
1: Written agreement between Sengoku. 2 : An association of independent commercial or industrial enterprises aimed at limiting competition or fixing the prices of illegal drug cartels. 3 : Faction combination for joint action.
Examples of cartels: Organization of the Petroleum Exporting Countries (OPEC), an oil cartel whose members control 44% of world oil production and 81.5% of world oil reserves.
Learn more about cartel here
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Answer:
C) a formal contract that specifies a firm's obligations to the bondholders.
Explanation:
In terms of public offerings of bonds, an indenture is a formal contract that specifies a firm's obligations to the bondholders. It is typically a legal and binding contract between a firm (bond issuer) and its bondholders, which provides detailed information on terms and clauses.
The indenture specifies the essential features of a bond, these includes callabilty of bonds, interest payments time, maturity date of the bond, interest calculation method etc.
Hence, in case there's a conflict between the bond issuer and the bondholders; the indenture would be the reference document to be used for conflict resolution.
