Smith co., maker of high-quality eyewear, incurs fixed costs of $17 and variable costs of $34 in making one unit of its matrix line of sunglasses, based on current demand of 100,000 units per year. smith co.'s major supplier has offered to make all 100,000 matrix sunglasses for $43 each. if smith accepts the offer of the supplier, it will save $4 per unit in fixed costs. based solely on this information, what is the recommended decision and how much will be saved based on this decision?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.