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2 years ago

11

Wine and cheese are complement goods because they are consumed together. What would you expect to happen to the equilibrium quan

tity of cheese if the price of wine increased and all else is held constant

1 answer:

igomit [66]2 years ago

6 0

Answer:

they would all increase

Explanation:

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An example of a societal ___________ is Germans' lack of interest in using credit cards like Visa and MasterCard, perhaps in par

Sidana [21]

Answer: values

Explanation:

Societal values can simply be defined as the moral principles defined by the traditions, society dynamics, and cultural beliefs.

These values impact on the behavior of the people. An example is Germans' lack of interest in using credit cards like Visa and MasterCard, because the German word for 'debt' is the same as the word guilt. This hae to do with their belief and values.

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3 years ago

A large account previously written off in a prior year was unexpectedly collected in the current year. as a result, the current

spin [16.1K]

In the given case the accounts were previously written off by debiting the Allowance for doubtful debts accounts now in order to revive these accounts receivable, we should Debit the Accounts Receivable and credit the Allowance for doubtful debts accounts. Hence the account to be credited is Allowance for doubtful debts accounts.

Hence the answer shall be Allowance for doubtful debts accounts

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3 years ago

The concept of brainstorming as a function of group decision-making was initially developed to:

Lady bird [3.3K]

Think out of the box

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3 years ago

(Perpetuities) What is the present value of the following? a. A $ perpetuity discounted back to the present at percent b. A

mrs_skeptik [129]

Answer:

The present value of a perpetuity is calculated as follows:

= Cashflow / Discount rate

a. Present value of $400 perpetuity discounted at 15%

= 400 / 0.15

= $2,666.67

b. Present value of $3,000 perpetuity discounted at 19%

= 3,000 / 0.19

= $15,789.47

c. Present value of $110 perpetuity discounted at 16%

= 110 / 16%

= $687.50

d. Present value of $60 perpetuity discounted at 12%

= 60 / 0.12

= $500

6 0

3 years ago

ser-zykov [4K]

Answer:

Happy Trails

Income statement using variable costing

$ $

Sales 1,900,500

Less: Variable costs:

Direct material (27,000 units x $15) 405,000

Direct labour (27,000 units x $15) 405,000

Variable overhead (27,000 units x $3) <u>81,000 </u>

891,000

Less: Closing stock (8,000 units x $33) <u>264,000</u>

627,000

Add: Variable selling and administrative <u>133,000</u> <u>760,000 </u>

Contribution 1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25) 675,000

Fixed selling and administrative expenses 300,000 <u>975,000 </u>

Net profit <u>165,500</u>

Profit reconciliation statement

Closing stock Net profit

$ $

Absorption costing 464,000 365,500

Less: Marginal costing <u>264,000</u> <u>165,500 </u>

Difference <u>200,000</u> <u> 200,000</u>

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

3 0

3 years ago