The correct option is - B (16, 22)
Explanation:
<u>Given:
</u>
Demand function = P = -Q +38
Supply function = P = Q – 6
<u>In order to find the equilibrium, the demand function must be equal to the supply function.
</u>
Thus, putting the demand function equal to the supply function , we get,
Q – 6 = -Q + 38
Solving the above equations, Q = 22
Now, putting the value of Q in demand function in order to find out the value of P,
P = -22 + 38
P = 16
Thus, Option B is correct (16, 22)
Answer:
Option a 7500 hours.
Explanation:
Given that Majenta Company uses a standard costing system. The following information pertains to direct labor costs for February:
Labour rate variance = Actual hours x actual rate - actual hours x std rate
Here we have actual rate = 10 and std rate = 12
So Labour rate variance = Actual hours (10-12) = 15000 F
This gives
actual hours = 15000/2 = 7500 hours
So option a
Answer:
The amount Nenn debited to write off actual bad debt is $17,000
Explanation:
Please see computation below
Given that;
Beginning balance of allowance for uncollectible = $180,000
Ending balance of allowance for uncollectible = $190,000
Bad debt expenses reported = $27,000
With regards to the above information,
the net write off for actual bad debts is
= $180,000 + $27,000 - $190,000
= $17,000
<span>Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. Lands' end is operating in the reseller market.
This company doesn't use the goods it has bought - it just sells it again to another company so as to get some profit.
</span>
Answer:
The question is incomplete, since we are missing the rest of the information. I looked for a similar question and found that the lease agreement lasts 10 years.
The annual insurance payment will increase the right of use asset and lease liability by:
PV annuity due = payment + {payment x [1 - (1 + r)⁻⁽ⁿ⁻¹⁾]/r}
PV = $5,000 + {$5,000 x [1 - (1 + 0.08)⁻⁹]/0.08} = $36,234
