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Alex Ar [27]
2 years ago
6

From the following information extracted from the Balance Sheet of XYZ Company, you are required to calculate:

Business
1 answer:
Art [367]2 years ago
8 0

Answer:

Ethats really cool can you mark me as brainliest

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What is a disadvantage about buying a home?
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3 years ago
The table below gives information on bottled water in Florida. As you would expect, the demand for water is higher than normal d
choli [55]

Answer:

First we need to first find the equilibrium quantity and price during normal times.

The equilibrium price in normal times is P=$3 and the equilibrium quantity is 55 bottles.

During the hurricane, the government will set a price ceiling of $3. We can infer from the table that the quantity supplied at P=$3 is 55 bottles while the quantity demanded during hurricane at the price of $3 per bottle is 105 bottles. Hence,

105-55= 50

During a hurricane, there would be a shortage of 50 bottles of water.

If there were no price ceiling, then the equilibrium price would be such that the quantity demanded during hurricane equals the quantity supplied. From the table we can see that the equilibrium price would in that case be P=$5 per bottle where the equilibrium quantity is 85 bottles. With the price ceiling only 55 bottles are available for trading. Now without the price ceiling 85 bottles are available.

Hence consumers would have to pay an additional $2 (=5-3) but they can now buy an additional 30 bottles [=85-55].

Without the antiprice gouging law, consumers would have to pay $2 more than the ceiling price, but they would bv able to buy 30 more bottles of water.

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Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Departmen
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The computation of the equivalent units of production for both materials and conversion costs is given below:

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= 7,700 + 2,100 × 0.25

= 8,225 units

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