What's 1+1?<br> P.s you get 20 points LOL

The market demand schedule or curve for a product shows the relationship between how much of the product buyers are willing and

Papessa [141]

Answer:

A. Product's price

Explanation:

In this question, we applied the law of demand which shows an inverse relationship between the price and the quantity demanded of a particular commodity. If the price increases, the quantity demanded decreased and if the price decreased, the quantity demanded increased.

In the case of a market demand schedule, it takes the price and quantity demanded the overall market.

In this schedule, X-axis shows the quantity demanded of the product and Y-axis shows the price of the product.

According to the given scenario, the most appropriate option is a. product price as the market demand schedule shows that price and quantity demanded are inversely related to each other.

In buyer income, it considers the income of the buyer to purchase the product And option C is related to the producer point of view plus time period are also the not correct option

3 0

4 years ago

On june 1 of year 1 doe company paid $1,800 cash for an insurance policy that would protect the company for one year. the compan

Lena [83]

Calculation of amount of prepaid insurance and insurance expense shown on the year 2 financial statements;

It is given that on June 1 of year 1 the company paid $1,800 cash for an insurance policy for one year.

Hence the insurance expense for the first year shall be calculated for 7 months (June to December) = 1800*7/12 = $1050. The balance in the prepaid instance as on December 31 of the first year shall be (1800-1050) = $750

In the second year the insurance expense shall be $750 and at the end of the second year, the balance in the prepaid insurance shall be nil.

5 0

3 years ago

A pump has failed in a facility that will be completely replaced in 3 years. A brass pump costing $6000 installed will last 3 ye

Kamila [148]

Answer: $7,000

Explanation:

The book value of the pump is the same as the value stated by the accountants.

The accountants are skilled in the field and most probably used accounting assessment techniques which were based on certain assumptions by accounting bodies so their valuation of the pump is to be considered the book value.

8 0

3 years ago

1. When has your level of performance been directly affected by your motivation? By your ability? By the environment?

Keith_Richards [23]

Explanation:

In this question, we can relate the three factors environment, skill and motivation as interdependent.

We can relate the performance level of motivation and skill of employees with Maslow's hierarchy of needs theory, which is defined as five fundamental human needs: physiological, security, affection, esteem and self-fulfillment. This theory is represented by a pyramid, where at the base as the most important category is the most basic needs for human beings to live, are the physiological needs. According to Maslow the category that of physiological needs is the most important for individuals, therefore in a company, if the work environment fails to satisfy basic needs for human beings, it is impossible for them to be motivated to work and develop your skills and abilities correctly.

It is necessary that all five fundamental human needs are met at each level, so that the employee develops characteristics that promote motivation and self-realization.

5 0

3 years ago

One type of Analytical Review involves comparing unaudited numbers and ratios based on What is the purpose of Analytical Review

Dmitry [639]

Answer:

Please find the detailed answer as follows:

Explanation:

1. Preliminary analytical review is performed to gain the understanding of business and enviornment. Purpose of analytical review in preliminary phase of audit is that if auditor finds a huge difference with previous year figure, then auditor examine deeply. If amounts/ratios are similar to previous year then auditor can check randomly.

2. There are two possible situations. One is analytical test and another is substantive test. Examine with ratos and accounting tools is analytical test and detail study is called substantive test. In substantive test auditor collect the detail evidences.

3. Estimated sales of year 2 is $1.200.000+10%= $1.320.000 (Increase 10% from previous year sales) .

Actual sales = COGS*100/53.87756

792.000*100/53.87756= $1470000

Expected discrepency = recorded sales- actual sales

1.320.000-1.470.000= -$150.000

Account recievable turnover ratio = Credit sales/Average recievable

8.16666=1.470.000/Average receivable

Average recievable = $180.000

Average recievable = opening recivable + closing recievable/2

180.000 = 100.000+ closing receivable/2

closing receivable = $260.000

Unaudited account recievable = 1.320.000/12= $110.000

Discrepency in account recievable = 110.000-260.000= $150.000

There is under statement because acyual sales is greater than estimated sales.

4 0

3 years ago

What's 1+1? P.s you get 20 points LOL