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Alex
3 years ago
10

What information does a supply schedule provide?

Business
1 answer:
lesya [120]3 years ago
7 0

Answer:

See below

Explanation:

A supply schedule shows the quantities that suppliers are willing to sell in the market at different prices. It is a table format with quantity on one column and prices on another. As per the law of supply, high prices lead suppliers to supply more at the market.

The supply schedule illustrates in a table format the relations between the price and the quantity supplied. It will show how the quantity increase as prices increases. The supply schedule is a tabular representation of the supply curve.

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What factors are encouraging financial institutions to offer overlapping financial services such as banking, investment banking,
Anna11 [10]

Answer:

B. I and II only

Explanation:

I. Regulatory changes allowing institutions to offer more services II. Technological improvements reducing the cost of providing financial services

7 0
3 years ago
Riverboat Adventures pays $450,000 plus $5,000 in closing costs to buy out a competitor. The real estate consists of land apprai
kkurt [141]

Answer:

$150,150

Explanation:

Total fair value of all assets:

= Land + Building + Paddleboats

= $67,200 + $158,400 + $254,400

= $480,000

Building accounted for:

= Fair value of building ÷ Total fair value

= $158,400 ÷ $480,000

= 33%

Therefore, the building is 33% of the total fair value of assets.

Cost of acquisition of assets:

= Amount paid + Closing cost to buy out a competitor

= 450,000 + 5,000

= $455,000

Cost to be allocated to the building:

= Cost of acquisition of assets × Percent share in total fair value

= $455,000 × 33%

= $150,150

8 0
3 years ago
Merone Company allocates materials handling cost to the company's two products using the below data:
wariber [46]

Answer:

d. $86,400.00

Explanation:

The computation of the  total materials handling cost allocated to the prefab barns is given below:

Total Materials Handling Cost is $228,300

Total is

= 6600 ×860 + 9600 × 360

= $5,676,000 + $3,456,000

= $9,132,000

Allocation Rate = Total Materials Handling Cost ÷ Total direct labor hours  

= $228,300 ÷ $9,132,000

= $0.025

Now

Total Materials Handling Cost allocated to prefab barns is

= Allocation Rate×  direct albor hours for Modular Homes

= $0.025 ×  $3,456,000

= $86,400

6 0
3 years ago
On January 1, Year 2, Grande Company had a $69,600 balance in the Accounts Receivable account and a $2,600 balance in the Allowa
Katarina [22]

The amount of uncollectible accounts expense recognized on the Year 2 income statement is  $1,830.

Explanation:

  • On January 1, Year 2, Grande Company had balance = $69,600 in the Accounts Receivable account
  • Grande provided services = $183,000
  • The Allowance for Doubtful Accounts account = $2,600
  • The company collected  cash from accounts receivable = $215,500
  • Uncollectible accounts are estimated to be =  1% of sales on account
  • Thus, following calculation gives the desired result,
  • Multiply amount of Grande services with 1% sales on account.
  • i.e : $183,000 sales on account × 1% = $1,830
  • So, the amount of uncollectible accounts expense is $1,830 as the income statement for the 2nd year.
  • The reserves are recorded when, the uncollectible accounts expense are debited and credit the allowance for the uncollectible accounts.
  • There are many reasons for the uncollectible accounts such as,
  • the debtor's bankruptcy,
  • the inability to get the debtor,
  • fraud, etc

5 0
3 years ago
Sealy company has beginning raw materials inventory $12,000, ending raw materials inventory $15,000, and raw materials purchases
Tanzania [10]
Beginning 12,000 + Purchases 170,000 - Ending 15,000 = 167,000 Direct materials used $ 167,000
3 0
3 years ago
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