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Darya [45]
3 years ago
6

The quantity of a product that will be offered to the market by a supplier at various prices for a specified period determines t

he product’s ______.
Business
1 answer:
seropon [69]3 years ago
3 0

Answer: Product's supply.

Explanation:

According to the economics, supply refers to the quantity of a commodity offered in the market at various prices and at a given point of time. Supply also defined the capability or willingness of a supplier to sell the specified quantity of a product at a given prices and point of time.

Economic theory of supply states that other things remains constant, increase in the price of a commodity results in higher supply for that commodity and vice versa. There is a direct relationship between the price and supply for a commodity.

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Suppose cell phone producers are charging $150 for the latest cell phone. But the equilibrium price for the cell phone is $100.
Deffense [45]
Down and equilbrium are your two answers. 
4 0
3 years ago
Read 2 more answers
As the director of sales for your hotel, you earn a 0.5% commission on total sales from your sales team. Assuming there are 3 sa
tensa zangetsu [6.8K]

Answer: $2,085

Explanation:

Average monthly sales by the three salesperson are;

$125,000

$144,000

$148,000

Therefore, average total monthly sales by the three salesperson equals;

$125,000+$144,000+$148,000 = $417,000

Average total sales per month = $417,000

Monthly commission percentage = 0.5%

Monthly commission = 0.5% × 417,000

(0.5 ×417000) ÷ 100

208500 ÷ 100 = $2085

Monthly commission = $2,085

7 0
4 years ago
Which of the following statements describes the relationship between employee training and employee development?
nata0808 [166]

Answer: Training is short-term skills oriented while development is long-term career oriented.

Explanation:

The statement that best describes the relationship between employee training and development, from the available options in the question is:

Training is short-term skills oriented while development is long-term career oriented.

This statement is true because, trainings cover a short period of time, aimed at improving the employees expertise on a particular area while development is a long term activity, which monitors the employee's growth and improvements in different aspects of their job delivery.

8 0
3 years ago
March 1 Paid monthly rent of $890. 3 Performed services for $100 on account. 5 Performed services for cash of $55. 8 Purchased e
Sergeu [11.5K]

Answer:

                             Journal Entries    

Date  Account titles & explanations Debit Credit  

Mar-01                 Rent expense           890  

                                  To cash                890  

Mar-03              Account receivable       100  

                           To service revenue                100  

Mar-05                          Cash      55  

                               Service revenue                 55  

Mar-08                       Equipment            455  

                                        Cash                  60  

                               accounts payable                395  

Mar-12                              Cash      100  

                             To account receivable                100  

Mar-14                    Wage expense     390  

                                      To cash                 390  

Mar-22                   Utility expense        54  

                                       To cash                 54  

Mar-24                          Cash       1,110  

                             To notes payable               1,110  

Mar-27                Repair & maintenance       160  

                                       To cash                 160  

Mar-28                 Accounts payable       395  

                                         To cash                 395  

Mar-30                   Prepaid Insurance            1,330  

                                         To cash                1,330

Explanation:

8 0
3 years ago
Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during
kherson [118]

As the president of the company, at a time when the prices are said to  be rising, what is would do is to choose the Weighted average cost.

<h3>Why I would have to choose the Weighted average cost</h3>

This due to the fact that it is going to be more satisfactory to have the lower Bonus bill.

The year end bonus is an amount that is calculated from all of the net income from the year.

A lower net income is only going going to help to bring about a smaller bonus bill.

At a time when the prices are falling, the FIFO is what would be the best choice. It gives a smaller ending cost of inventory since the ending prices are going to be at their lowest.

Read more on FIFO here: brainly.com/question/12883706

8 0
2 years ago
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