Answer:
A. It is the point where the demand and supply curves intersect.
Explanation:
The term equilibrium is used in economics to mean balance. The equilibrium price is the balance between the demand and supply forces. Therefore, the equilibrium price is the prevailing market price.
In a graph that shows both the supply and demand curves, the equilibrium point will be the intersection point of the two curves. The intersection or equilibrium point will represent the current market price. A change to either the quantity demanded or quantity supplied will cause the equilibrium point to change.
Answer:
$114 unfavorable
Explanation:
For computing the overall variable overhead efficiency variance first we have to need to find out the standard variable overhead rate which is shown below:
= ($11,680 + $41,900) ÷ 4,700 hours
= $11.4
Now the variable overhead efficiency variance is
= standard variable overhead rate × (Actual machine hours - standard machine hours)
= $11.4 × (4,740 machine hours - 4,730 machine hours)
= $114 unfavorable
This unfavorable indicates the actual hours are more than the standard hours
Answer:
The answer is below
Explanation:
A covalent bond is a type of chemical bond that occurs as a result of the sharing of electron pairs between atoms. Covalent bonds are usually formed between non metallic atoms with similar electronegativity. St room temperature, covalent bond exist as either a liquid or a gas. Example of covalent bonds are ozone (O3), water (H2O) etc.
Ozone is said to be covalent bonded because their is a sharing of electrons among the covalent atoms.
Answer:
$2,500
Explanation:
The computation of the amount is shown below;
In the case when the modified AGI upto $180,000 so it would be credit by $2,500 per eligible student
As we can see that in the given situation there is modified AGI that reported $148,000 so here the amount of the American Opportunity credit for 2020 is $2,500 also we assume that the eligibility condition would be satisfied
Answer:
a. $7,524
b. Merchandise Inventory A/c
Explanation:
a. The computation is shown below:
= Merchandise amount - return and allowances - discount
= $8,700 - $1,100 - $76
= $7,524
The discount = (Merchandise amount - return and allowances) × discount rate
= ($8,700 - $1,100) × 1%
= $76
b. To record the return under the perpetual inventory system, the following entry is passed
Accounts payable / Account receivable A/c Dr
To Merchandise Inventory A/c
(Being return is recorded)
The Merchandise Inventory A/c is credited
