Taylor wants to generate a graph to show how is she doing at saving. What tool should she use?

If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product

Reika [66]

Answer:

B) complements

Explanation:

The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.

In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased

And, In case of the complementary goods, the relation between the price and the quantity demanded is negative that means if the price of goods increased than the quantity demanded is decreased

According to the given situation, the most appropriate option is B.

5 0

2 years ago

Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D

Dmitry_Shevchenko [17]

Answer:

Manufacturing overhead rate variance= $3,741 unfavorable

Explanation:

Giving the following information:

The standard variable overhead rate is $6.10 per direct labor-hour.

During the most recent month, 1,300 units of product D80D were made and 8,700 direct labor-hours were worked. The actual variable overhead incurred was $56,770

To calculate the variable overhead rate variance, we need to use the following formula:

Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

actual rate= 56,770/8,700= $6.53 per hour

Manufacturing overhead rate variance= (6.1 - 6.53)*8,700

Manufacturing overhead rate variance= $3,741 unfavorable

4 0

2 years ago

Jones borrowed $960 from the bank, issuing a 12.5%, 4-month promissory note. Assuming that the note is issued and paid in the sa

Anestetic [448]

Answer:

(A). A Debit to Notes Payable for $960

Explanation:

In case of a promissory note, there are three parties to it, namely,

Maker i.e Jones here
Payee, to whom money is to be paid i.e the bank here
Holder i.e the one who currently holds the promissory note i.e the bank here

Upon issue of promissory note, in the books of the maker (Jones), the entry is,

Name Of The Bank A/C Dr. $960

To Notes Payable A/C 960

(Being a promissory note issued to bank against a payment of $960)

Upon maturity i.e date of payment, the entry would be,

Notes Payable A/C Dr. $960

To Cash/Bank A/C 960

(Being payment of promissory note honored)

Thus, the correct answer would be, (A) a debit to notes payable account for $960.

7 0

2 years ago

Consider the following three decisions that an organization could be faced with:

JulijaS [17]

Answer:

The correct answer is II. Deciding between Singapore, London or Buffalo as the location for the construction of a new manufacturing facility.

Explanation:

Strategic Planning is a management tool that allows you to establish the task and the path that organizations must travel to achieve the planned goals, taking into account the changes and demands that their environment imposes. In this sense, it is a fundamental tool for decision making within any organization. Thus, Strategic Planning is an exercise in the formulation and establishment of objectives and, especially, in the action plans that will lead to achieving these objectives.

7 0

2 years ago

Hamby Corporation is preparing a bid for a special order that would require 780 liters of material W34C. The company already has

vovangra [49]

Answer:

$6,513

Explanation:

The computation of the relevant cost is shown below:

= Number of liters of the raw material × purchase of raw material per liter

= 780 liters × $8.35 per liter

= $6,513

Simply we multiplied the Number of liters of the raw material with the purchase of raw material per liter so that accurate amount can come

Any other information given is not important. Therefore, it was ignored

3 0

2 years ago