B. making less than the minimum payment on time
C. making no payment until he can afford it
D. making at least the minimum payment on time
The correct statements are:
A market-clearing price often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or seller is free to transfer as many units as they like, and the consumer is free to access as many units as they like.
Equilibrium prices often don't change much over time, but changes in supply and demand will always have an impact on pricing. Increases in the price of raw materials, for instance, can prevent a company from producing the same product without raising the cost or reducing the profit margin. The producer may end up producing fewer units and charging a higher price as a result.
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The items that describes what happens at the equilibrium price are:
Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price.
Producers used their resources efficiently.
Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.
Answer:
The correct answer is D. 2007.
Answer: which includes reducing employment, using new technology to be more efficient in pumping oil
Explanation: The question involved a brief explanation of the financial crisis oil companies in the North sea are passing through as a result of falling oil prices. The option I chose, I believe is the best arranged of the list of given options.
Answer:
D. $375,000
Explanation:
given data
Purchases during the year = $12.0 million
Shipping costs from overseas = 1.5 million
Shipping costs to export customer = 1.0 million
Inventory at year end = 3.0 million
solution
we get here Seafood Trading’s year-end inventory valuation.
and we know here that shipping cost to export to customers is selling expense but not include the inventory.
so
shipping costs = ( Inventory at year-end ÷ Purchases during the year ) × Shipping costs from overseas ..................1
put here value and we get
shipping costs = [($3.0 million ÷ $12.0 million) × $1.5 million]
shipping costs = $375,000
The Seafood Trading Company should include the shipping costs from overseas ($1.5 million) in its year-end inventory valuation, but it should not include the shipping costs to export customers ($1 million). Therefore, the total amount of shipping costs included in the year-end inventory valuation is $1.5 million.
Seafood Trading Company's year-end inventory valuation must include the cost of getting the merchandise ready to sell, which includes shipping costs. In the context of accounting, these costs are considered part of the 'cost of goods sold' and they should be reflected in the cost of inventory. The shipping costs of $1.5 million from overseas should be included in the inventory cost since these are considered product costs. In contrast, the outbound shipping costs of $1 million to export customers are considered period costs and are not included in the inventory valuation. Therefore, the amount of shipping costs included in Seafood Trading's year-end inventory valuation is $1.5 million.
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B) Electricity bill for the entire store
C) Cost of goods sold for the department
D) Advertising expenses for the department
An indirect cost in a large retail sales store when assigning costs to a particular department would be the electricity bill for the entire store. Employee salaries, cost of goods sold, and advertising expenses for the department would be classified as direct costs.
An indirect cost in a large retail sales store when assigning costs to a particular department would be the electricity bill for the entire store. Indirect costs are expenses that cannot be directly attributed to a specific department or product. Employee salaries of the department, cost of goods sold for the department, and advertising expenses for the department would be classified as direct costs as they are directly related to the department in question.
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