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3 years ago

The point at which supply equals demand is called

Business

2 answers:

sergejj [24]3 years ago

6 0

Well when the supply and demand is met and aka a elaborate word is equilibrium price. <----

Inessa [10]3 years ago

4 0

Equilibrium

………..,.,,.,……..,.,.,,

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the change from traditional manufacturing to service and high-tech manufacturing requires highly job skills.

valentina_108 [34]

Answer:

Technical

Explanation:

8 0

2 years ago

During its first year of operations, the McCormick Company incurred the following manufacturing costs:_______. Direct materials,

notka56 [123]

Answer:

Net income= $432,000

Explanation:

Giving the following information:

Fixed overhead, $224,000.

The company produced 28,000 units, and sold 19,000 units, leaving 9,000 units in inventory at year-end.

Income calculated under variable costing is determined to be $360,000.

The difference between absorption costing and variable costing method is that the first one includes the fixed manufacturing cost in the unitary production cost. <u>Some of the fixed overhead is allocated into ending inventory increasing the net income for the period.</u>

Unitary fixed overhead= 224,000/28,000= $8

Fixed overhead in ending inventory= 8*9,000= $72,000

Net income= 360,000 + 72,000= $432,000

6 0

3 years ago

On January 1, 2017, MM Co. borrows $350,000 cash from a bank and in return signs an 4% installment note for five annual payments

frez [133]

Answer:

a. Journal entry to record the issue of notes

Date Account Title & Explanation Debit $ Credit $

Jan 1 Cash 350,000

Notes Payable 350,000

(To record the issue of notes payable)

b. Calculation of Interest Expenses

Particulars Amount $

Beginning balance of loan payment 350,000

Annual interest rate 4%

Interest expenses 14,000

Hence the interest expenses = $14,000

Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below

Particulars Amount $

Annual payment 96,590

Less: Interest expenses 14,000

Principal Payment 82,590

Hence, the principal payment =$82,590

6 0

4 years ago

Financial markets A. channel funds indirectly between borrowers and lenders. B. channel funds directly from lenders to borrowers

Afina-wow [57]

Answer:

B) channel funds directly from lenders to borrowers.

Explanation:

The complete financial system is a means by which money is transferred from savers to borrowers. The financial system is made up of banks, insurance companies, financial markets, and other financial institutions that allow the exchange of money.

Financial markets are the only type of institution that allows the exchange of money from lenders to borrowers without third parties being involved.

6 0

3 years ago

Wiley incorporates his business as Wiley Wire Corporation in Texas. He and his group of shareholders intend to make a profit fro

ruslelena [56]

Answer:

d. a private corporation.

Explanation:

A private corporation is a limited company that is owned by a few numbers of shareholders. The shares of a private corporation are not publicly traded in the securities exchanges, neither are they issued through an initial public offer. Ownership of a private corporation is transferable but is restricted to the founders who, in most cases, are family members, close friends, or associates.

Wiley and the shareholders have a private corporation. Formation of a private corporation is through incorporation, as is the case of Wiley wire corporation. Private corporations are established with a profit motive. Ownership of Wiley wire corporation will be restricted to Wiley and the other shareholders.

4 0

3 years ago