A key feature of business is that it facilitates an exchange of

If all other factors are equal, what will happen to the supply of a product if the price goes up? A. The supply will increase. B

Vinil7 [7]

The basic principle is that if the price of a product goes up, all other factors being equal its demand will go down and vice versa (law of demand). Since in this case the price goes up, the demand will go down. The law of supply states that hen prices rise, supply rises too (in order to make profit). There is no general model predicting whether the market will be more competitive or not. Thus, the best answer from the above is A.

5 0

3 years ago

The differences between small data and big data for companies

Ivenika [448]

Answer:

Small data is data in a volume and format that makes it accessible, informative and actionable. ... Big data is often said to be characterized by 3Vs: the volume of data, the variety of types of data and the velocity at which it is processed, all of which combine to make big data very difficult to manage.

8 0

2 years ago

What type of cost is the cost of goods or services sold? A. Salaried B. Markup C. Variable D. Fixed

igor_vitrenko [27]

Your answer is C. Brainliest please

3 0

3 years ago

Read 2 more answers

Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold

rjkz [21]

Answer:

The source of income is the capital gain realized when Harry sold the stocks of Extel Corporation. Generally, nonresident aliens (like Harry) are subject to a 30% tax on all their US income sources. E.g. if Harry made a capital gain of $1,000 when he sold the stocks, he will need to pay $300 to the IRS.

Some exemptions apply to foreign students, resident aliens or people that work for foreign governments, but Harry doesn't fit in any of these categories.

7 0

3 years ago

Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th

Vlad [161]

Answer:

Adjusted cost of goods sold = = $237,500

Explanation:

Given Opening inventory = $57,000

Cost Of Manufacturing for the month = $214,500

Closing value of inventory = $30,500

Net cost of Goods sold = Opening + Manufactured - Closing

= $57,000 + $214,500 - $30,500 = $241,000

Provided actual manufacturing overhead = $56,500

Applied to Work in process = $60,000

Difference between both of them = $60,000 - $56,500 = $3,500

Over applied cost of goods manufacturing overhead = $3,500

Charged to cost of goods sold

Thus cost of goods sold = $241,000

Adjusted cost of goods sold = Normal - Over applied = $241,000 - $3,500 = $237,500

Over applied manufacturing overhead has already been closed to cost of goods sold, that means that cost is included, now for adjusting such amount the value shall be deducted from cost of goods sold.

Final Answer

Adjusted cost of goods sold = Normal - Over applied = $241,000 - $3,500 = $237,500

6 0

3 years ago