Answer:
The correct answer is option c.
Explanation:
An increase in the price of oil will cause the quantity demanded of a commodity to decline and the quantity supplied to increase. This will cause a surplus in the market.
There will be no change in the demand and supply curve.
This is because of the law of demand and supply.
According to the law of demand, the price of a commodity is inversely related to the quantity demanded of the commodity, while other factors are kept constant.
Similarly, the law of supply states that the price of a commodity is positively related to the quantity demanded of a commodity.
The demand and supply curves are not affected by the changes in price, they change as a result of changes in other factors.
D. All of the above
Omitting I, me, and my will make the resume more effective.
Answer:
15,251 units
Explanation:
The formula for Economic order quantity is;
EOQ = √2DS/H
Where,
D = Annual demand = 4,212
S = Ordering cost = $177
H = Holding cost = $27/4,212 = $0.00064102564
EOQ = √ 2 × 4,212 × $177 / $0.00064102564
EOQ = √ $1,491,048 / $0.00064102564
EOQ = √232603488.37
EOQ = 15,251 units
Answer:
d. $7,032
Explanation:
The computation of the interest expense is shown below:
= Sale value of the bond × market interest rate ÷ 0.5
= $117,205 × 12% ÷ 0.5
= $117,205 × 6%
= $7,032
Simply we multiply the sale value of the bond with the market interest rate so that the accurate amount of the interest expense can come.
We divide it by 0.5 because as the number of months is 6 months and total months is 12. The six month is calculated from the January 1 to July 1
