Banks are not considered safe to store your money in True or False

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

-BARSIC- [3]

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.

8 0

3 years ago

Kahn Company paid $240,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in t

Serga [27]

Answer:

Yes, the machine should be replaced

Explanation:

The calculation is given below:

Particulars old Machine New machine

Purchase price $300,000

Less:

Salvage value -$80,000

Operating cost $400,000 $144,000

($100,000 × 4 ) ($36,000 × 4)

Total cost $400,000 $364,000

Hence, the financial advantage is

= $400,000 - $364,000

= $36,000

As there is a financial advantage of $36,000 therefore the old machine would be replaced with the new machine

4 0

3 years ago

Diamonds, which are unnecessary, command very high prices, while water, which is essential to life, has a very low price. W

nalin [4]

Answer:

D. Prices depend on marginal utility, not total utility, and the marginal utility of water is low because much is consumed.

Explanation:

Marginal utility is the benefit gained from consuming one additional unit of a particular good or service. Since water is essential, it is consumed very commonly, many times per day. On the other hand, a product such as pizza is consumed once in a while. After the first slice, there is satisfaction and a yearn to consume another, and then a third slice after. This shows that the benefit or value from the product is high. The same case happens with diamonds except since they are much less often consumed than pizza, the marginal utility is much higher and hence the high price.

8 0

3 years ago

The standard amount of materials required to make one unit of Product Q is 4 pounds. Tusa's static budget showed a planned produ

solniwko [45]

Answer: $1,260 Favorable

Explanation:

Material usage variance = (Standard quantity of materials actually produced - Actual quantity of materials actually produced) * Standard price of material

= [ ( 4 * 6,300 ) - (3.9 * 6,300) ] * 2

= [ 25,200 - 24,570 ] * 2

= 630 * 2

= $1,260 Favorable

4 0

3 years ago

Pique Corporation wants to purchase a new machine for $300,000.Management predicts that the machine can produce sales of $200,00

mixas84 [53]

Answer:

c

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period = Amount invested / cash flow

Cash flow = profit after tax + depreciation

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(300,000 - 0) / 5 = $60,000

Profit after tax = (1 - tax rate) x (sales - expenses - depreciation)

0.6 x ($200,000 - $80,000 - $60,000) = $36,000

Cash flow = $36,000 + 60,000 = 96,000

Payback period = $300,000 / $96,000 = 3.1 years

3 0

3 years ago