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polet [3.4K]
3 years ago
14

For each of the following changes, determine whether there will be a movement along the demand curve (a change in quantity deman

ded) or a shift in the demand curve (a change in demand). a. a change in the price of a related good b. a change in tastes c. a change in the number of buyers d. a change in price e. a change in expectations f. a change in income
Business
1 answer:
Brilliant_brown [7]3 years ago
6 0

Answer: See explanation

Explanation:

We should note that a movement along the demand curve occurs when there's a change in the price of the product. On the other hand, a shift in the demand curve is due to other factors that affect demand except the price. Therefore, the questions given are answered below based on the explanation above.

a. change in the price of a related good.

There'll be a shift in the demand curve.

b. a change in tastes

There'll be a shift in the demand curve.

c. a change in the number of buyers

There'll be a shift in the demand curve.

d. a change in price

There'll be a movement along the demand curve.

e. a change in expectations

There'll be a shift in the demand curve

f. a change in income

There'll be a shift in the demand curve

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Answer:

The missing data of this question is reproduced as follows;

Materials Used           128,900

Depreciation on plant 63,400

Property taxes on store  8,280

Labor cost of assembly workers 114,800

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Property taxes on plant          23,100

Delivery expense                 24,800

Sales commission                    43,600

Salaries paid to sales clerk;     60,400

Explanation:

Cost of Goods Manufactured  

Materials Used           128,900

Depreciation on plant 63,400

Property taxes on plant   23,100

Labor cost of assembly workers 114,800

Factory supplies used           32,100

WIP Beginning                        14,200

Less;WIP closing                     (16,900)

Cost of Goods Manufactured 359,600

Cost of Goods Sold

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Cost of goods manufactured  359,600

Less; Closing Fininsed goods  (48,200)

Cost of Goods Sold                 374,700

5 0
3 years ago
In January of 2018, the Phillips Company purchased a patent at a cost of $100,000. In addition, $10,000 in legal fees were paid
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Answer:

The answer is: $113,000

Explanation:

By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.

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4 years ago
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Accounting plays a important role while running a business as it helps the company in keeping a track of expenditures as well as income, it ensures the statutory compliance.

Provide the owners, managers, investors and creditors reliable information so that could take the decisions.

It summarizes the information and help in conveying the information related to the firm activities.

It records as well as communicate the information regarding the business.

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Answer:

Testing process...?

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I hope you find this information useful and interesting! Good luck!

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