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liraira [26]
2 years ago
6

How would the Supply of cars change, given an increase in the price of steel.

Business
1 answer:
lana [24]2 years ago
5 0

Answer:

car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts

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Data for Shelby Company for the current year is as follows:
maks197457 [2]

Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

Cost of goods sold will be 10,000 - 2,300 = $7,700

Gross profit is sales revenue less cost of goods sold which is computed as shown below:

Gross profit = 10,000 - 7,700

                    = $2,300

6 0
3 years ago
After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh
atroni [7]

Answer:

one should go to buy a car for $8000

Explanation:

given data

car = $8,000

price down = $6,500

solution

As here Implied Warranty is the sale contract environment oral or written that provides some assurance that the products sold are suitable for trade and purpose. It arises from the operation of the law.

  • Disclaimer is a statement that order are used to prevent the creation of a warranty or contract.
  • After learning about the implied warranty and disclaimer, I was not going through the items sold.
  • For someone who does not offer special consumer protection, they should go to buy a car for $8000.
7 0
3 years ago
Explain the importance of contracts when analyzing revenue arrangements.
Nana76 [90]
<span>Contracts are legally binding documents that have the ability to protect and allow all parties to be clear and precise of actions and expectations within the agreement, including payment arrangements. Contracts are important when analyzing revenue arrangements, as it ensures that all parties are aware of the agreed upon outcome and provide hard evidence should there be any future disputes.</span>
5 0
3 years ago
The finance team of a company conducts a meeting to discuss the worthiness of investing its funds in the local share market. Alt
Alex Ar [27]

Answer:

C. groupthink

Explanation:

According to my research on in the field of psychology, I can say that based on the information provided within the question this scenario illustrates the concept of groupthink. This is a psychological phenomenon which states that the desire for maintaining a cooperative and harmonious nature within a group leads individuals in that group to behave irrationally leading to bad decision-making choices. Which is what is happening in this scenario since Mikhail isn't voicing her opinion in order to maintain the same group dynamic.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. Nonet
monitta

Answer:

high unemployment rates do not usually last for very long

Explanation:

Based on the information provided within the question it can be said that the main reason to continue doing this is because you know that high unemployment rates do not usually last for very long. On average in the United States of America there is a recession every 8 years and the the unemployment rates and economy always end up recovering after a certain amount of time has passed.

6 0
3 years ago
Read 2 more answers
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