Answer:Amount of supplies used =$400
Explanation:
Beginning balance of supplies $200
Supplies purchased $500
Ending supplies balance on hand $300
Amount of supplies used = Beginning balance of supplies + Supplies purchased - Ending supplies balance on hand
= $200 +$500 - $300
= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.
Answer:
a.the price level is higher than expected making production more profitable.
Explanation:
The sticky wages shows that the output increases if the price level is higher because an increase in price level increases the profitability and the increased profitability increases output.
The statement that would describe the shift from D1 to D2 is Demand for the product increased.
<h3>Why was there a shift from D1 to D2?</h3>
D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.
This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.
Find out more on determinants of demand at brainly.com/question/1245771
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Answer:
D. The breakeven point decreases.
Explanation:
Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.
The formula for break-even is
Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)
Since sales price and variable cost is constant, let's say
(Sales price per unit- Variable cost per unit)= constant (k)
So when we cross-multiply in the formula
Breakeven* k= Total fixed cost
It shows that Breakeven point is directly proportional to Total fixed cost.
So a reduction in Total fixed cost will result in a reduction in Breakeven point.
Answer:
a. .4223
Explanation:
Kim's Bridal shoppe has common stock, bonds and preferred stock in its capital. To identify capital structure weight of common stock we calculate value of each capital.
Common Stock : 10200 shares * $36 = $367,200
Preferred Stock : 215 shares * $87 = $18,705
Bonds Outstanding : 520 Bonds * $1,000 * 93% of par = $483,600
Total capital : $367,200 + $18,705 + $483600 = 869,505
Common stock share : $367,200 / $869,505 = 0.4223
