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Aleonysh [2.5K]
2 years ago
7

The graph shows the price of a good compared to the quantity demanded and the quantity supplied. A graph titled Price Controls G

raph 1 has Quantity on the x-axis and price on the y-axis. Demand has a negative slope and supply has a positive slope. Points are on the demand line and the supply line at the same price. Excess demand is indicated between the 2 points. Both points are below the point of equilibrium. On this graph, what does the green arrow represent? an ineffective price floor set above equilibrium causing a surplus. an effective price floor set below equilibrium causing a shortage. an ineffective price ceiling set above equilibrium causing a surplus. an effective price ceiling set below equilibrium causing a shortage.
Business
1 answer:
dem82 [27]2 years ago
4 0

Answer:

D

or

an effective price ceiling set below equilibrium causing a shortage.

Explanation:

i just got it right

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Green Valley Steel had sales of $1,000,000 and collections of $760,000, leaving a balance of $240,000 in accounts receivable as
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Hull Company’s record of transactions concerning part X for the month of April was as follows.
olga55 [171]

Answer:1. $7720  

2. $7945

3. $7758

Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.  

Total cost of Sales   = Total number of units Sold * Total Cost of inventory sold    

                                  = 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60

                                   =$7720

Total units sold=1450  we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.

2. Last in first out method is where the last bought inventory is sold first.

Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1

=$7945

Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.

3. Average Cost = (Sum of all costs/Total number of costs)* total units sold

                     = (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450

=$7769.58

4 0
3 years ago
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