What is the Law of Supply and Demand? Explain how increases and decreases in supply and demand affect prices.

Carroll Corporation has two products, Q and P. During June, the company's net operating income was $19,500, and the common fixed expenses were $43,000.

Saran Company has contacted Crane with an offer to sell it 5,100 of the wickets for $16 each. If Crane makes the wickets, variable costs are $14 per unit. Fixed costs are $8 per unit; however, $5 per unit is unavoidable.

A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Donation 2Number of shares 2,000 3,000Adjusted basis $8,000 $5,500Fair value at time of donation 8,500 6,000Fair value at

The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have a. An elastic demand b. Unitary elastic demand curve c. An inelastic demand d. A demand curve that is upward sloping

The book-store is overstocked with old fantasy novels. It needs to get rid of the novels to make room for newly published fantasy novels.

Motorcycle Manufacturers, Inc., projected sales of 57,400 machines for the year. The estimated January 1 inventory is 6,890 units, and the desired December 31 inventory is 7,240 units. The budgeted production for the year is?

ewok enterprises recently elected the fair value option to account for its investment in yoda inc. ewok purchased the shares for 21000 and the shares are currently trading for 190000 at year end.

The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000.

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,500 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts.

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 40 comma 000 Actual rate per hour $ 12.00 Standard rate per hour $ 11.