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Sedbober [7]
3 years ago
8

A market surplus occurs when: People cannot buy the amount of goods and services that they are willing and able to buy.

Business
1 answer:
Inga [223]3 years ago
3 0

Answer: b. The quantity supplied exceeds the quantity demanded at a given price.

Explanation:

A market surplus is a situation where suppliers have supplied to the market, more goods than the demand can take at a given price.

This will lead to the suppliers having unsold goods and they will respond by reducing their prices so that they may be able to sell because the law of demand shows that when prices reduce for normal goods, quantity demanded increases.

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Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 2011. On the date of acquisit
melamori03 [73]

Answer:

consolidated balance sheet:

land 525,000

Explanation:

The Princeton's land will be valued at book value.

The Sheffield's land will be valued at market value as when Princeton acquired Sheffield the land was appraised at his market value.

So 500,000 x 75% = 375,000 land of Sheffield

<u>Total land:</u>

Princeton Land   150,000

Sheffield  Land <u>  375,000  </u>

              Total    525,000

6 0
3 years ago
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product
Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel  

40,000 *1hr = 40,000      

   

Direct labor hrs for Truck      

10,000 * 3hr= 30,000      

   

total direct labor hrs 40,000+30,000 = 70,000  hrs

Overhead rate is total est oh cost/ total direct labor hrs    

770,000/70,000= 11.00    

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

6 0
3 years ago
The ________ takes into account such costs as deteriorated customer relations and lost sales
Sergio039 [100]

The <u>Full cost view of maintenance</u> takes into account such costs as deteriorated customer relations and lost sales.

a cost that an employer has when they employ someone, in addition to the cost of paying the person's salary or wages. cost is the amount or equivalent paid or charged for something .

Examples of costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Direct, indirect, fixed, and variable are the 4 main kinds of cost.

learn more about cost here

brainly.com/question/1153322

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7 0
2 years ago
Are cities around the world doing a disservice to their citizens or their visitors, or both, by banning uber outright from opera
Ne4ueva [31]

Answer:

In my opinion they can be a big problem because if you can not use the uber in some community it's useless but they are banning ubers because the taxis business are loosing money and the uber is replacing the taxi business.

There is an own opinion question, so try to answer by yourself

4 0
4 years ago
Periodically, merrill lynch customers are asked to evaluate merrill lynch financial consultants and services. Higher ratings on
padilas [110]

a) Null hypothesis (\mu _{a} \leq \mu _{b}) for merrill lynch customers are given as

Alternative hypothesis:\mu _{a} > \mu _{b}

t =\frac{6.82-6.25}{\sqrt{\frac{0.64^{2}}{16}} + \sqrt{\frac{0.75^{2}}{10}} }

t = 1.992

<h3>What is null hypothesis?</h3>
  • Conjectures used in statistical tests, which are formal techniques for drawing conclusions or making judgments based on data, include the null hypothesis and the alternative hypothesis.
  • The hypotheses, which are based on a sample of the population, are suppositions regarding a statistical model of the population. The tests are essential components of statistical inference and are frequently used to distinguish between statistical noise and scientific claims when interpreting experimental data in science.
  • The null hypothesis, which is the statement being tested in a test of statistical significance, is typically a declaration of "no effect" or "no difference," and the test of significance is intended to evaluate the strength of the evidence against it

Know more about Null hypothesis

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3 0
2 years ago
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