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3 years ago

Which of these events would indicate a movement along a supply curve for batteries? (SSEMI22

Business

1 answer:

Marysya12 [62]3 years ago

3 0

Answer:

C. The price of eight AA batteries increases from $3.50 to S3.95 a set.

Explanation:

A product's price change is the sole reason for movement along the supply curve. The supply curve demonstrates the relationship between the price and the supply of a product. As per the law of supply, suppliers will supply more at higher prices.

A supply curve shows the volume that supplies will be ready to supply at different prices. An increase or decrease in price will cause the quantity of supply to change, as indicated by movement along the supply curve.

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What is gdp expressed in constant, or unchanging, prices called?

horsena [70]

The GDP expressed in constant, or unchanging prices is called real GDP.
Real GDP or Real Gross Domestic Product is the measurement of the value of economic output modified for the changes of prices like inflation or deflation. This modification will transform the measure of the money-value, nominal GDP, into an index intended quantity of total output.

4 0

3 years ago

Read 2 more answers

Better Chocolates has a new project that requires $838,000 of equipment. What is the depreciation in Year 6 of this project if t

DIA [1.3K]

Answer:

d. $74,749.60 ( depreciation allowance @ 8.92% )

Explanation:

Under Modified Accelerated Cost Recovery System the Office furniture and fixtures, agricultural machinery and equipment, any other property not associated with another class is classified as 7-years property.

These assets are depreciated as follows:

Year Percentage Depreciate

1 14.29%

2 24.49%

3 17.49%

4 12.49%

5 8.93%

6 8.92%

7 8.93%

8 4.46%

In the Sixth year depreciation will be charged by 8.92%.

Asset Value = $838,000

Depreciation Allowance in 6th year = $838,000 x 8.92%

Depreciation Allowance in 6th year = $74749.60

*Option for the given Mcqs are missing and written as follows:

Select one:

a. $80,411.60

b. $74,833.40

c. $89,108.00

d. $74,749.60

e. $89,327.08

4 0

3 years ago

Getaway Travel Company reported net income for 2016 in the amount of $50,000. During 2016, Getaway declared and paid $2,000 in c

PSYCHO15rus [73]

Answer:

Option (B) is correct.

Explanation:

Given that,

Net income = 50,000

Preferred dividend = 2,000

Outstanding common stock:

= (40,000 × 2) + (10,000 × 6/12 × 2)

= 80,000 + 10,000

= 90,000

2016 basic earnings per share:

= (Net income - Preferred dividend) ÷ Outstanding common stock

= (50,000 - 2,000) ÷ 90,000

= 48,000 ÷ 90,000

= $0.53 per share

Therefore, the 2016 basic earnings per share is $0.53.

4 0

3 years ago

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost

Ghella [55]

Answer:

See below

Explanation:

1. Predetermined overhead rates

= Applied overhead / Direct labor

Job 114

Applied overhead / direct labor

= $1,260/1,800

= 70%

Job 115

Applied overhead / direct labor

= $994/1,420

= 70%

Job 116

Applied overhead / direct labor

= $3,094/4,420

= 70%

2 and 3 Ending balance of each job and work in process as of April 30th.

Job 114. Job116

Opening. $2,384. $3,085

Materials

Purchases $16,800. $5,410

Direct labor

($1,800+$1,800) $3,600. $5,740

Actual $2,520 $4,018

Overhead

at 59.36%

Balance $25,304. $18,253

• Note

The whole of job 115 has been sold out.

• Actual overhead = Actual overhead / direct labor

= $4,535/7,640

= 59.36%

4 Cost of goods sold in April

Job 115

Opening materials. $2,603

Purchases. $12,460

Direct labor

($1,420 + $3,080). $4,500

Actual overhead. $3,150

at 59.36%

Cost of goods sold $22,713

5. Selling price of job

Cost of job 115 = $22,713

Selling price = 1.25% × $22,713 = $28,391

4 0

2 years ago

Key numbers that financial managers use to calculate ratios usually come from the firm’s

3241004551 [841]

The answer that fits the blank above would be BALANCE SHEET AND INCOME STATEMENT. The balance sheet serves the copy of the liabilities and assets that a company or firm has recorded for a specific period of time. On the other hand, the income statement shows both the profit and loss that the company has. Therefore, it is based on these two that financial managers are able to calculate ratios.

8 0

3 years ago