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3 years ago

True or false: A demand schedule is created from a demand curve.

1 answer:

8 0

False, the demand curve is derived from a demand schedule.

The demand curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy. The curve can be derived from a demand schedule, which is essentially a table view of the price and quantity pairings that comprise the demand curve.

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Do It! Review 9-1 Pharoah Company purchased a delivery truck. The total cash payment was $43,222, including the following items.

MrRa [10]

Answer:

$39,892

Explanation:

The computation of the cost of the truck is shown below:

= Negotiated purchase price of the delivery truck + Installation cost of special shelving + Painting and lettering cost + Sales tax

= $34,200 + $2,810 + $830 + $2,052

= $39,892

The motor vehicle license and the annual insurance policy is an annual cost expense which is not considered for computing the cost of the delivery truck. Hence, ignored it

3 0

3 years ago

You are evaluating your current portfolio of investments to determine those that are not performing to your expectations. You ha

Illusion [34]

Accounts Receivable are located on the asset side of the balance sheet as the current asset.

Accounts receivable are the formed when company allows buyers to purchase on credit. it is the money owed by the company from its buyers.

It helps in the determining the company's strength by determining the accounts receivable ratios.

It is treated as current asset because it is liquid in nature as money due to the company is received in short time period.

It is recorded in the balance sheet because it is obligation for the customers to pay their debts to the company.

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6 0

2 years ago

Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.

azamat

Answer:

Predetermined overhead rate = $ 9.75 per direct labor hours

Overhead applied = $897,000

Explanation:

Given:

Budgeted Overhead cost = $975,000

Actual Overhead cost = $950,000

Budgeted Machine hours = 50,000

Actual Machine hours = 45,000

Budgeted Direct labor hours = 100,000

Actual Direct labor hours = 92,000

Computation:

(a) Predetermined overhead rate.

Predetermined overhead rate = budgeted overhead cost / budgeted direct labor hours

Predetermined overhead rate = $975,000 / 100,000

Predetermined overhead rate = $ 9.75 per direct labor hours

(b) Amount of overhead applied for the year.

Overhead applied = Actual hours × Predetermined overhead rate

Overhead applied = 92000 × $9.75

Overhead applied = $897,000

7 0

4 years ago

The derp corporation has an outstanding convertible bond issue that is convertible into 8 shares of stock. if the current market

Archy [21]

The derp corporation has an outstanding convertible bond issue that is convertible into 8 shares of stock. if the current market price of the bond is 80, the parity price of the stock is Parity means equal.

A parity price is the price level at which two assets or securities are of equal value. This is a concept used in several markets such as bonds, stocks, commodities and convertibles.

Import Parity Price or IPP is defined as: So c.i.f. Import price plus customs duty plus shipping cost to buyer's location.

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6 0

1 year ago

Informal institutions are composed of sets of:

Evgesh-ka [11]

Answer:

The correct answer is letter "A": voluntary agreements.

Explanation:

Informal institutions are groups of people that gather voluntarily because of common social rules under non-regulated scenarios. Clans are examples of informal institutions. Informal institutions are not considered as a culture and tend to have a self-enforcing regulatory operations approach.

5 0

4 years ago