Answer:
<u>Average total cost for 7000 staplers was= $2.43</u>
Explanation:
Total Cost=Fixed Cost +Variable Cost
Fixed Cost =$45000-$28000
Fixed Cost=$27000
Average total Cost= Fixed Cost/ Quantity
=17000/7000
=$2.43
Answer:
The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.
Explanation:
Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance
Allowance for Uncollectible Accounts = $1,000 + $1,100
Allowance for Uncollectible Accounts = $2,100
So, The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.
Answer:
The correct answer is letter "D": the consumption of which varies directly with incomes.
Explanation:
Normal goods are those with quantities demanded increasing when consumers' income increases. Quantity demanded and increase have a directly proportional relationship. Consumer staples such as foods, drugs, and fuel are considered normal goods.
<em>The opposite of normal goods are inferior goods which have decreasing quantities demanded in front of increases in consumers' income.</em>
Answer:
The statement is true
Explanation:
Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.
Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.
Answer: D
Explanation: Quarter Inc. cannot be legally charged because as a foreign entity, it is exempt from prosecution based on sovereign immunity. Once the defendant establishes that it is a foreign state, for the lawsuit to proceed, the plaintiff must prove that one of the Act's exceptions to immunity apply.
