Answer:
Demand schedule:
The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.
Demand curve:
A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.
Answer:
Net income = $3,560
Explanation:
Romney's Marketing Company
Multi-step income statement
For the Year ended December 31 20YY
Sales revenues 37,250
Less: Cost of goods sold = 0
Gross profit = 37,250
Less: Operating expense:
Wages expense = $19,000
Depreciation expense = $1,750
Utilities expense = $320
Insurance expense = $780
Rent expense = $9,800
Total operating expense = ($31,650)
Add: operating income:
Rent revenue = $560
Total operating income = $6,160
Other operating income
Interest revenue = 160
Net income before taxes = $6,320
Income tax expense = $2,760
Net income = $3,560
Answer:
C) more than 5Y
Explanation:
the opportunity cost of producing 101 units of X = 5 units of Y
if the opportunity costs increase as the number of units produced increases, then the opportunity cost of producing 201 units of X will be more than 5 unit of Y. This is simply because 5 units of Y was the opportunity cost of producing 101 units of X and the opportunity costs are increased.
Answer:
Decker Enterprises
Based on the projections, Decker will have:___________:
b.) a financing surplus of $36
Explanation:
a) Data and Calculations:
Income Statement Current Projected
Sales na 1,500
Costs na 1,050
Profit before tax na 450
Taxes na 135
Net income na 315
Dividends na 95
Balance sheets Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total 1,300 1,555 Total 1,300 1,591
b) Financing surplus 36
c) Decker Enterprises does not need additional financing, but has excess financing because the Liabilities and Equity are greater than the assets.
Answer:
Option "A" is the correct answer to the following question.
Explanation:
Merchant wholesalers:
Merchant wholesaler is an individual or enterprise or firm of a wholesale company that holds ownership of the products it manages.
Trader suppliers are also the biggest single category of wholesalers and account for approximately 50% of all merchandise
They are an Important Part of the product supply chain.
