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2 years ago

Which of the following is likely to shift the supply curve right?

Business

1 answer:

yaroslaw [1]2 years ago

5 0

Answer:

A technological improvement that reduces costs of production will shift supply to the right, so that a greater quantity will be produced at any given price. Government policies can affect the cost of production and the supply curve through taxes, regulations, and subsidies.

What are five things that will shift a supply curve to the right?

changes in non-price factors that will cause an entire supply curve to shift (increasing or decreasing market supply); these include

1) the number of sellers in a market,

2) the level of technology used in a good's production,

3) the prices of inputs used to produce a good,

4) the amount of government regulation, ...

Correct me if this is wrong, Hope this helps

#Carryonlearning

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The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc

dmitriy555 [2]

Answer:

The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.

Dec 31 Fees Earned $56,000 Dr

Income Summary $56,000 Cr

We bring account credit balances to zero by debiting them. The entry closes revenue accounts and leaves them with zero balances. The accounts are now ready to record revenues when they occur in the next period.

4 0

3 years ago

Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of

pantera1 [17]

Answer:

a:Total Variable Costs $26

a:Total Manufacturing Costs = $ 30

b:Net Income Variable Costing $100,000

b: Net Income Absorption Costing $ 100,000

Explanation:

Smuckers Manufacturers

Costs per case under Variable Costing

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

Total Variable Costs $26

Costs per case under Absorption Costing

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs $ 900,000

Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

SMUCKERS

Variable Costing Income Statement

For the Third Quarter of 2017

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Contribution Margin 240,000

Fixed Expenses 140,000

Total fixed manufacturing overhead $120,000

Fixed selling and administrative 20,000

Net Income 100,000

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

SMUCKERS

Absorption Costing Income Statement

For the Third Quarter of 2017

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs 900,000

Gross Profit 120,000

Fixed Expenses 20,000

Fixed selling and administrative 20,000

Net Income 100,000

3 0

3 years ago

A business buyer wants to acquire a business in its totality, including the business identity and all rights, obligations, liabi

Brums [2.3K]

Actually in this scenario the business buyer should do type of transaction that would merge the buying business with the parent business or company, and also the business buyer should buy all the shares and stakes of the buying business along with the copyrights, which would cover all the buying companies performing assests along with non-performing assests all in one shot surely with mutual merging.

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4 years ago

Read 2 more answers

Which of the following is the best summary of GDP? Select one:

Fiesta28 [93]

Answer:

Letter B is correct.

Explanation:

GDP is the sum of all that is produced, consumed and distributed in the country over a period of one year. This is the main measure for assessing and comparing one economy with others in the world. There are two approaches to measuring GDP, namely: Expenditure Approach and Income Approach. Demand for consumption, exports and imports and government spending is represented by the expenditure approach. The income approach is all income earned from everything that is produced in the economy.

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3 years ago

What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?

quester [9]

In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.

1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...

2.Find New Sources of Income. Money doesn't have to come from just your day job. ...

3.Buy a House. ...

4.Spend Less. ...

5.Get Out of Debt. ...

6.Invest in Stocks. ...

7.Hit Your Company's 401K Match. ...

8.Open a Roth IRA

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3 years ago