Suppose an economist says that "other things equal, the lower the price of bananas, the greater the amount of bananas purchased." this statement indicates that: a. the quantity of bananas purchased determines the price of bananas. b. all factors other than the price of bananas (for example, consumer tastes and incomes) are assumed to be constant. c. economists can conduct controlled laboratory experiments. d. one cannot generalize about the relationship between the price of bananas and the quantity purchased.

Which of the following pairs is most similar to each other?

Asavings account that pays interest every 3 months is said to have a interest period

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.