1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ahat [919]
2 years ago
10

DESCRIPTION OF THE LAW OF DEMAND

Business
1 answer:
slamgirl [31]2 years ago
7 0

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded

You might be interested in
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a red
Ilya [14]

Answer:

$5.74

Explanation:

Q* = 2DS / H[1-(d/p)]

Q² = 2DS / H[1-(d/p)]

S = (Q²)(H)[1 - (d/p) / 2D

Setup cost S = (200^2)*(10)*(1 - (100/800)) / 2*30,500

Setup cost S = 40000*10*0.875 / 61000

Setup cost S = 350000 / 61000

Setup cost S = 5.737704918032787

Setup cost S = $5.74

3 0
2 years ago
Which of the following best describes a project stakeholder
Brilliant_brown [7]
Project Stakeholders can be entities that have an interest in a given project. 
3 0
2 years ago
The amount of money you can change to a credit card is called?
babymother [125]
Checking money is the amount of money.
4 0
3 years ago
Read 2 more answers
What was Rutherford's contribution to our knowledge of atoms
ANTONII [103]
He proposed the theory of the structure of atoms
(1)The nucleus at the centre of the atom has the positive charge.Most of the mass of the atom is concentrated in the nucleus.
(2)The negatively charged electrons revolve around the nucleus in specific orbits
(3)In comparison with the size of the atom , the nucleus is very very small.

7 0
3 years ago
Hache Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen
Greeley [361]

Answer:

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797

Explanation:

Calculation of Equivalent Units of Production

<u>Materials </u>

Units transferred to the next department (5,800 × 100%) = 5,800

Units in ending Work In process (1,850 × 50%)                  =    925

Total Equivalent Units of Production for Materials             = 6,725

<u>Conversion</u>

Units transferred to the next department (5,800 × 100%)    = 5,800

Units in ending Work In process (1,850 × 20%)                     =    370

Total Equivalent Units of Production for Conversion Costs =  6,170

Calculation of Cost per Equivalent units of Production

Materials

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

                                        = ($ 8,700 + $ 91,000) ÷ 6,725

                                        = $14.825

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

                                        = ($ 8,500 + $ 126,300) ÷ 6,170

                                        = $21.848

Calculation of cost of ending work in process inventory

Materials ( 925 ×  $14.825)             =  $13,713.12

Conversion Cost ( 370 × $21.848)  =  $8,083.76

Total                                                 =  $21,796.88

Thus,

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797.

5 0
3 years ago
Other questions:
  • Idaho Industries Inc. is considering a project that has an initial aftertax outlay or aftertax cost of​ $450,000. The respective
    14·1 answer
  • Taylor Company purchased a piece of equipment for $2,000 several years ago. It would cost $4,000 to replace that piece of equipm
    15·1 answer
  • Rent controls can cause a. ​a decline in the quality of housing available for rent. b. ​the development of a black market to all
    14·1 answer
  • River corp's total assets at the end of last year were $480,000 and its net income was $32,750. what was its return on total ass
    6·1 answer
  • Dwyer Company reported the following results for the year ended December 31, 2007, its first year of operations: 2007 Income (pe
    9·1 answer
  • How do ethics and law govern how businesses conduct themselves ?
    8·1 answer
  • Larry writes scripts for TV shows. The show he currently works for, Curb, required him to sign a contract prohibiting him from w
    10·1 answer
  • Assume the marginal propensity to consume is 0.75. What will happen if government spending increases by $100 billion
    8·1 answer
  • Five years from today, you plan to invest $2,500 for 7 additional years at 8.4 percent compounded annually. How much will you ha
    9·1 answer
  • The sum of cash, current investments, and accounts receivable divided by current liabilities equals the?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!