Answer with Explanation:
There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.
1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>
2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.
3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.
4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.
Answer:
Allocated MOH= $26,372
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Total fixed overhead= 48,200
Total variable overhead= (1.9*8,000) + (3*2,000)= $21,200
Predetermined manufacturing overhead rate= (48,200 + 21,200) / 10,000
Predetermined manufacturing overhead rate= $6.94 per machine hour
<u>Now, we can allocate overhead to Job H:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 6.94*(2,600 + 1,200)
Allocated MOH= $26,372
Answer:
<em>Cristano</em><em> </em><em>ronaldo</em>
<em>Lionel </em><em>Messi</em>
<em>Donald </em><em>trump</em>
Answer:
valuation principle
Explanation:
The basis concept behind the valuation principle is that the value of an asset is determined by the market. If an investor is evaluating any type of new project, he/she must use market prices in order to determine whether this new project will make him/her wealthier. E.g. the price of art works is determined by the amount of money that someone is willing to pay for it, not by the fact that you like it or not.
The true statement among the given option is option a)Economic profit include opportunity costs.
Opportunity costs are revealed through implicit costs. Only explicit costs are included in accounting profit. However, economic profit includes both implicit and explicit costs. Opportunity cost is included on economic profit because economic profit includes implicit costs, and implicit costs display opportunity costs.
The key benefits of opportunity costs include: Awareness of Lost Opportunity: Opportunity costs make you think about the fact that, when choosing between possibilities, you lose up something in the one that is not chosen.
Therefore the correct option is a)Economic profits include opportunity costs.
To know more about opportunity cost click here:
brainly.com/question/1549591
#SPJ4
