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3 years ago

The law of supply:

Business

1 answer:

Vlad [161]3 years ago

8 0

Answer:

The law of supply reflects the amount that producers will want to offer at each price in a series of prices.

Explanation:

The law of supply determines that the quantity offered of a good increases as its price increases, keeping the remaining variables constant. The quantity offered is directly proportional to the price.

Specifically, it determines the amount of a particular good or service that is offered by the producers taking into account its price. Usually the relationship between this quantity and the price variable will be direct or positive, unlike in the demand law.

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Green Cleaners Inc., a U.S.-based company that specializes in environmentally-friendly cleaning supplies, has production facilit

Anettt [7]

Answer: MULTINATIONAL

Explanation: MULTINATIONAL ENTERPRISE is any Enterprise that has its presence and does business in two or more countries. The presence can be in the form of Production facilities, Marketing facilities,joint ventures or even Franchise etc

Companies like Green Cleaners Inc., a U.S. company which has expanded to Spain and Poland are multinationals. Multinational organizations or enterprises have huge capital base through which they are able to acquire properties abroad.

3 0

2 years ago

A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took

Citrus2011 [14]

Answer:

Reduction in work in progress = $7500

Explanation:

given data

time = 10 hours

time = 15 hours

worth = $1,500

to find out

reduction in work in process value

solution

we find work in progress by this formula

work in progress = Flow rate × Cycle Time .......................1

so Initial work in progress is

Initial work in progress = (1 per hour) × 10 hours = 10

and Final work in progress is here

Final work in progress = (1 per hour) × 15 hours = 15

Initial work in progress value = 10 × 1500

Initial work in progress value= $15000

and

Final work in progress value =15 × 1500

Final work in progress value = $22500

Reduction in work in progress = $22500 - $15000

Reduction in work in progress = $7500

4 0

2 years ago

Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000

Sloan [31]

Answer: $412,292

Explanation:

First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level

In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.

budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.

$453,120 divided by 384,000 DLH =$1.18

Overheard to be allocated for May is OAR * Actual Activity level

$1.18*349400= $412,292

This is the amount to be allocated to may

7 0

2 years ago

Read 2 more answers

What is a multinational company

Dahasolnce [82]

A company that exists on different locations around the world I think.

5 0

2 years ago

Metropolis National Bank is holding 2% of its deposits as excess reserves. Assume that no banks in the economy want to maintain

iris [78.8K]

Answer:

Increase in money supply = $200,000

Explanation:

Note: The given question is incomplete, missing part is as follow:

Metropolis National Bank

Balance sheet

Assets Liabilities

Reserves $60,000 Deposits $500,000

<u> Loans $440,000 </u>

Computation:

Excess reserve hold = 2% × Deposits

Excess reserve hold = 2% × $500,000

Excess reserve hold = $10,000

Required reserve = Reserves - Excess reserve hold

Required reserve = $60,000 - $10,000

Required reserve = $50,000

So,

Required reserve ratio = [$50,000 / $500,000]100 = 10%

Multiplier(K) = 1 / Required reserve ratio

Multiplier(K) = 1 / 10%

Multiplier(K) = 10

Total Money = Person deposit + Excess reserve hold

Total Money = $10,000 + $10,000

Total Money = $20,000

Increase in money supply = Total Money × Multiplier(K)

Increase in money supply = $20,000<u> </u> × 10

Increase in money supply = $200,000

7 0

2 years ago