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1 year ago

The downward slope of the demand curve again illustrates the pattern that as _ rises, _____ decreases.

2 answers:

8 0

The demand curve shows a downward slope when graphed on the axes of quantity (X) and price (Y). This indicates that as price for a good drops, the quantity demanded rises. Conversely, the opposite is true - as price rises, quantity demanded decreases. As such, the answer to this question is C.

Lorico [155]1 year ago

3 0

The correct option from the given choices is; "c. price, quantity demanded".

The demand curve refers to graphical representation, which is used to show the relationship amongst cost (price of good) and quantity.Normally, the cost will show up on the left vertical axis, and on horizontal axis the demand of quantity is represented. The relationship between them is inverse relation or we can say that both price and quantity are inversely related to each other.

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Camden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) cos

weqwewe [10]

Answer:

Key figures:

2016:

Revenue = $270,000

Expenses = $202,500

Income = $67,500

2017:

Revenue = $450,000

Expenses = $337,500

Income = $112,500

2018:

Revenue = $180,000

Expenses = $135,000

Income = $45,000

Explanation:

Under this method, percentage of work completed is determined using the following formula:

Percentage of work completed = (Total Expenses incurred on the project till the close of the accounting period) ÷ (Total Estimated Cost of the Contract)

Total estimated cost = $202,500 + $337,500 + $135,000 = $675,000

2016:

Percentage of work completed = ($202,500 ÷ $675,000)×100 = 30%

Expenses in 2016 = $202,500 (answer)

Revenue in 2016 = $900,000 × 30% = $270,000 (answer)

Income in 2016 = Revenue - Expenses

Income in 2016 = $270,000 - $202,500

Income in 2016 = $67,500 (answer)

2017:

Percentage of work completed = ($337,500 ÷ $675,000)×100 = 50%

Expenses in 2017 = $337,500 (answer)

Revenue in 2017 = $900,000 × 50% = $450,000 (answer)

Income in 2017 = Revenue - Expenses

Income in 2017 = $450,000 - $337,500

Income in 2017 = $112,500 (answer)

2018:

Percentage of work completed = ($135,000 ÷ $675,000)×100 = 20%

Expenses in 2018 = $135,000 (answer)

Revenue in 2018 = $900,000 × 20% = $180,000 (answer)

Income in 2018 = Revenue - Expenses

Income in 2018 = $180,000 - $135,000

Income in 2018 = $45,000 (answer)

4 0

2 years ago

Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Co. issues 43,500 share

Tcecarenko [31]

Answer:

Atlantic Co. Journal entries

March 1

Dr Cash$300,500

Cr Common Stock $174,000

(43,500×4)

Cr Paid-in Capital$126,500

($300,000-$174,000)

(Record of common stock for cash)

April 1

Dr Cash$72,000

Cr Common Stock$72,000

(Record of common stock for cash)

April 6

Dr Inventory $41,000

Dr Machinery$145,000

Dr Note Receivable$91,000

Cr Common Stock$55,000

(2,200 shares *$25 per share)

Cr Paid-in Capital $222,000

($145,000+$91,000+$41,000=$277,000-$55,000= $222,000)

(To record Insurance for Inventory, machinery,and notes receivable)

Explanation:

Since On March 1 Atlantic Co. was said to issues 43,500 shares of $4 par value common stock for $300,500 this means that we have to

Debit Cash with $300,500 and Credit Common Stock with $174,000(43,500×4) as well as Credit Paid-in Capital with $126,500 ($300,000-$174,000)

On April 1, OP Co as well issues no-par value common stock for $72,000 cash this means we have to Debit Cash with $72,000 and Credit Common Stock with the same amount .

While On April 6, based on information given to us about MPG transaction, we have to record Insurance for Inventory, machinery,and notes receivable by Debiting each and Crediting common stock and paid in capital .

4 0

1 year ago

During the current month, Grey Company transferred 60,000 units of finished production out of the Mixing Department at a cost of

denis23 [38]

Answer:

a. Finished Goods 360,000

Work in Process 360,000

Explanation:

During transfer, de-recognize the cost of finished and transferred production from the Work In Process Account of the Mixing Department (Credit) and accumulate the cost in the Finished Goods Account (Debit).

When the units are finally sold, Cost of Goods Sold is recognized (Debit) and the Finished Goods Account is De-recognized (Credit).

3 0

1 year ago

Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P*

Kaylis [27]

Answer:

Explanation:

Year percentage increase

2011 21.21162

2012 14.35054

2013 20.62696

b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to; Decline

c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a lower rate of inflation compared to Country X

d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is disparity in the real exchange rate.

3 0

1 year ago

Systems that enable a firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that p

zheka24 [161]

These are known as supply chain planning systems, because they help organize and make sense of the various steps in the supply chain.

6 0

2 years ago

The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases.

The downward slope of the demand curve again illustrates the pattern that as _ rises, _____ decreases.