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The widget industry is perfectly competitive. The industry demand and supply functions for widgets are given below. Qd = 424 40PQs = 40 + 8P
a. What is the equilibrium price and quantity for the industry? b. If the government establishes a price floor of $9, explain what will result in terms of excess demand or supply. c. If the government establishes a price ceiling of $6, explain what will result in terms of excess demand or supply. d. Assume the supply curve shifts to Qs = 34 + 12PWhat is the new equilibrium price and quantity? e. Assume in addition to the supply curve shifting, the demand curve shifts to Qd = 484 38PWhat happens to equilibrium price and output?
During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $ 175,000, paid in cash.
On the first day of the fiscal year a company issues an 8000000 11% five year bond that pays semiannual interest of 440000 receiving cash of 8308869. Journalize the first interest payment and the amortization of related bond premium?
Determine the fixed and variable components of repair expense using the high low method. Use copies made as the measure of activity.
What is the unit product cost for the month under variable costing and what is the unit product cost for the month under absorption costing?
Why have you made the choices you have made? What information informed your decision for eachitem - Why have you made the choices you have made? What information informed your decision foreach item?
1.Refer to Piaggio's financial statements in Appendix A. Compute its debt ratio as of December 31, 2011, and December 31, 2010.
1.Refer to Polaris statement of cash flows in Appendix A.
The systems consulting department of Johnson Swimwear designs data collecting, encoding, and reporting systems to fit the needs of other departments within the company. An
In 2013 Carson is claimed as a dependent on his parents tax return. His parents ordinary income marginal tax rate is 28%, Carson's parents provided most of his support, what is Carson's tax liability if he is 23 years old earned $10,500 and $6,200 of..
Calculate overhead allocation rates based on direct labor hours, direct labor cost, and machine time.
What is the amount of direct materials cost incurred by LP Production:
1. Prepare a schedule of expected cash collections for April, May, and June, and for the three months in total.2. Prepare a cash budget, by month and in total, for the three-month period.3. If the company needs a minimum cash balance of $20,000 to st..
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