Answer:
c. faces a downward-sloping demand curve for its product
Explanation:
Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.
Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.
The ones that count equal the a-l period cost because the inventoriable cost is the thing businesses have at period cost
Answer:
$70,840; $18.50
Explanation:
Variable manufacturing overhead:
= Budgeted direct labor-hours × Variable overhead rate
= 4,400 × $5
= $22,000
Total manufacturing overhead:
= Variable manufacturing overhead + Fixed manufacturing overhead
= $22,000 + $59,400
= $81,400
(a) cash disbursement for manufacturing overhead for September:
= Total manufacturing overhead - Depreciation
= $81,400 - $10,560
= $70,840
(b) Predetermined overhead rate for September:
= Total manufacturing overhead ÷ Budgeted direct labor-hours
= $81,400 ÷ 4,400
= $18.50
Answer:
Rate= 168.65%
Explanation:
When loans are collected there is interest that is paid on the principal collected. The interest is usually expressed as a percentage per year.
The following formula is used to calculate interest rate
Interest = principal* rate* time
We are asked to calculate annual percentage
Rate = interest/(principal * time)
Interest bis paid every two weeks. That is twice a month, and there are 12 months in a years. That is 2*12= 24 times.
Total interest per year= 24* 26= $624
Using the formula
Rate= 624/(370*1)
Rate = 1.6865
Rate= 168.65%
Answer:
2990.46$
Explanation:
The explanation is shown in the picture attached
