Answer and Explanation:
Rod Corporation
General Journal
1.
Dr Investment in Stafford Corporation Stock 65,000
Cr Cash 65,000
2.
Dr Cash 4,500
Cr Investment in Stafford Corporation Stock 4,500
3.
Dr Investment in Stafford Corporation Stock 12,000
Cr Income From Stafford Corporation 12,000
4.
Dr Income From Stafford Corporation1,000
Cr Investment in Stafford Corporation Stock 1,000
D - as the desire for a product will require more or less to be produced (supply and demand), therefore leading to all of those
Answer:
Positive
Explanation:
Price elasticity is the measure to assess the responsiveness of the supply of a good or service after changing the price of the good or service.
According to basic principles of economics, the price and supply of good or services are directly proportional, it means that if the price increases the supply of good increases and vice versa. The sign of the price elasticity will be positive because they are directly related.
Form example
At Price $5 supply is 200 units
At price $6 supply 250 units
Calculate the change in price and change in supply as well.
Cange in price = ($6 - $5) / 5 = 0.2 = 20%
Cange in supply = 250 units - 200 units = 50 units / 200 unit = 0.25 = 25%
Price elasticity of supply = Change in supply / Change in price
Price elasticity of supply = 25% / 20%
Price elasticity of supply = 1.25
Hence, the sign is positive
Answer:
From the attached excel file, total cost allocated are as follows:
Deparment A = $99,600
Department B = $73,600
Department C = $51,600
Common cost = $57,600
Explanation:
Note: See the attached excel for the schedule assigning the fixed expenses to the three departments.
In the attached excel file, the following formulae are used to allocate costs to each department:
Depreciation on equipment (based on average cost of equipment) = Depreciation on equipment * (Average cost of equipment of a department / Total average cost of equipment of the three departments)
Real estate taxes (based on Square feet of floor space) = Real estate taxes * (Square feet of floor space of a department / Total square feet of floor space of the three departments)
Personal property taxes: This is a common cost. It cannot therefore be allocated.
Personnel department expenses (based on payroll) = Personnel department expenses * (Payroll of a department / Payroll of the three departments)
Answer:
Here is how to find the equilibrium price of a product:
Use the supply function for quantity. You use the supply formula, Qs = x + yP, to find the supply line algebraically or on a graph. ...
Use the demand function for quantity. ...
Set the two quantities equal in terms of price. ...
Solve for the equilibrium price.