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3 years ago

If a price is too high to clear the market, that means

Business

2 answers:

Art [367]3 years ago

7 0

If we say that a price is too high to clear the market, we mean that: quantity supplied exceeds quantity demanded.

kipiarov [429]3 years ago

6 0

Answer:

If a price is too high to clear the market, that means the quantity of supplies have exceeded the amount that is demanded.

Explanation:

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Fey Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost informa

alekssr [168]

Answer:

a) Standard WIP 75,000 debit

factory overhead 75,000 credit

b) applied to deluxe model 28 setups x $ 400 = $ 11,200

c) total overhead to deluxe: 35,200

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

expected overhead: 120,000

total labor hours: 375 + 22 = 600

overhead rate: 120,000 / 600 = 200

applied to Standard model: 375 hours x $ 200 = 75,000

overhead cost for setups: $ 20,000

total setups (cost driver) 22 + 28

activity rate: $ 20,000 / 50 setups = $ 400

applied to deluxe model 28 setups x $ 400 = $ 11,200

overhead cost for component: $40,000

total components: 8 + 12 = 20

activity rate: 40,000 / 20= 2,000

applied to deluxe model: 12 x 2,000 = 24,000

Overhead cost into deluxe model under ABC:

setup overhead applied to deluxe model 28 setups x $ 400 = $ 11,200

component overhead applied to deluxe model: 12 x 2,000 = 24,000

Total: 35,200

6 0

3 years ago

The perfect home brokerage firm was found guilty of running deceptive ads. the federal trade commission might require all of the

pychu [463]

The perfect home brokerage firm was found guilty of running deceptive ads. The federal trade commission might require all of the following except Letters of apology to all affected consumers.

<h3>What is the federal trade commission?</h3>

The Federal Trade Commission is an independent agency of the United States government whose primary objective is to enforce civil antitrust law in the United States and to promote consumer protection.

The FTC and the Department of Justice Antitrust Division share authority over federal civil antitrust enforcement.

The federal trade commission is essentially a police that protects trade especially consumers.

Learn more about federal trade commission;
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4 0

1 year ago

Joan works in a clothing store she earns a salary plus 10 percent of her sales revenue the extra money that is expressed as a pe

BigorU [14]

A percentage of sales revenue paid to coworkers is called commission

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3 years ago

The balance sheet of Mister Ribs Restaurant reports current assets of $36,000 and current liabilities of $18,000. Calculate the

AveGali [126]

Answer:

Explanation:

The current ratio is a measure of a company's ability to pay its current liabilities as they mature. It is a liquidity ratio. The formula for calculating the current ratio is current assets divide by current liabilities.

i.e., the current ratio = current assets/ current liabilities

For Mr. ribs restaurant.

current ratio = $36,000/ $18000

current ratio = 2

Whether current ration will increase or decrease

a). paid cash $4500 for a new oven

current assets will decrease by $4500. new ratio will 31000/18000

which is 1.75. The oven is not a current asset.

The current ration will decrease

b). Received cash $4,500 as a contribution from an investor

Increases cash but does not affect liabilities since stocks are not debts. new ration $40,500/ $18000= 2.25.

Increases the current ratio

c). Borrowed $8,280 cash from a bank, issuing a note that must be repaid in three years.

Increased cash by $8250 and current liabilities by $2750($ 8,250/3)

New ratio = $44,250/20,750= 2.13.

Increases current ratio

d)Purchased $700 of napkins, paper cups, and other disposable supplies on account.

Reduces current assets (cash) by $700, disposable napkins, paper cups can not be classified as assets. The action does not affect liabilities since they were paid for in cash. new ratio =$ 35,300/ $18,000 = 1.96:

Reduces current ratio

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3 years ago

From the following data, calculate the ( a ) conventional and ( b ) modifi ed benefi t/cost ratios using an interest rate of 6%

ExtremeBDS [4]

Answer:

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2 years ago