Ask question

Ask question

All categories

Amiraneli [1.4K]

3 years ago

8

A demand curve that is horizontal indicates that the commodity ______ while a demand curve that is vertical indicates that the c

ommodity ________

1 answer:

ipn [44]3 years ago

5 0

Answer:

1. has a large number of substitutes

2. Do not know the answer.

Explanation:

You might be interested in

The analytic technique utilized after an adverse event occurs to prevent its recurrence is called?

azamat

The analytic technique utilized after an adverse event occurs to prevent its recurrence is called Root cause analysis.

<h3>What are the root cause analysis five steps?</h3>

Root cause analysis is a technique for problem-solving used in science and engineering to determine the underlying reasons of errors or issues.
It is frequently utilized in areas like information technology operations, telecommunications, industrial process control, accident investigation, and the healthcare sector.
Realize the Issue: To start, you must decide what went wrong.
Gather a Good Amount of Information.
Determine the Related Causal Factors.
Create a conclusion.
Make any necessary adjustments.
The analytic technique utilized after an adverse event occurs to prevent its recurrence is called
Root cause analysis.

To learn more about the Root cause analysis, refer to the following link:

brainly.com/question/19571344

#SPJ4

6 0

1 year ago

Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price

Amanda [17]

Answer:

The correct answer is:

(a) -7783

(b) 6800

(c) -983

Explanation:

According to the given values in the question:

(a)

The price variance will be:

= $(8.5-8.93)\times 18100$

= $-0.43\times 18100$

= $-7783$ (Favorable)

(b)

The quantity variance will be:

= $(2100\times 9-18100)\times 8.5$

= $(18900-18100)\times 8.5$

= $800\times 8.5$

= $6800$ (Unfavorable)

(c)

The cost variance will be:

= $(2100\times 9\times 8.5)-(18100\times 8.93)$

= $(160650)-(161633)$

= $-983$ (Favorable)

4 0

3 years ago

Presented below are certain account balances of Swifty Products Co. Rent revenue $6,980 Sales discounts $8,170 Interest expense

svetlana [45]

Answer and Explanation:

The computation is shown below:

a

Sales revenue $405,100

Add: Rent revenue $6,980

Add: Dividend revenue $71,430

Less: Sales returns and allowances $(12730)

Less: Sales discounts $(8170)

a

Sales revenue 405100

Add: Rent revenue 6980

Add: Dividend revenue 71430

Less: Sales returns and allowances (12730)

Less: Sales discounts (8170)

Total net revenue $462,610

b

Total net revenue $462,610

Less: Expenses

Interest expense $13,320

Selling expenses $99,730

Income tax expense $27,776

Cost of goods sold $166,455

Administrative expenses $88,620

Total Expenses $395,901

Net income $66,709

c

Net income $66,709

Less: Allocation to noncontrolling interest $17,320

Income attributable to controlling stockholders $49,389

5 0

3 years ago

Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their valu

Irina-Kira [14]

Answer:

In equilibrium, each worker is paid his or her value of the marginal product of labor.

Explanation:

Here are the missing option of the question:

In equilibrium, each worker is paid his or her value of the marginal product of labor.
Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
Each worker is paid $15.
We need to know the product price before we can figure out the wage rate.

As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.

Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.

6 0

3 years ago

For which of the following errors would the appropriate amount be added to the balance per books on a bank reconciliation?

Anni [7]

Answer:

D. Check written for $ 59 but recorded by the Company as $ 95

Explanation:

The correct choice is D since a check written at a higher than the correct amount has to be adjusted by adding the differential amount to the balance per books.

The options B and C are errors by the bank and thus would need to be adjusted on the bank side of the bank reconciliation.

The option A refers to a check value erroneously understated in the balance per books and this would require a deduction on the balance per books.

5 0

3 years ago

Read 2 more answers