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ASHA 777 [7]
2 years ago
11

New technology for mixing and freezing ice cream lowers manufacturers' costs of producing chocolate ice cream. As a result, the

supply of chocolate ice cream will ___, which means the equilibrium price will ___ and the equilibrium quantity will ___.
Business
1 answer:
BabaBlast [244]2 years ago
6 0

Answer:

increase, reduce, increase

Explanation:

When a new technology reduces cost, the supply of chocolate increases because cost of production has been lowered. This means equilibrium price will go down because supply has increased. Equilibrium quantity will also increase due to increase in supply.

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As nations learn to specialize in production, they will trade with other nations when what happens?
Goryan [66]
It c beehive :dndisbsbsjakk33 SJSU’s do d e ejeidjdjcnfjdidosodsbsbd d r g h f. D d ddjdidididhdbdjdjdjdndjfjdjdj
7 0
3 years ago
Anheuser-Busch established its Corporate Social Responsibility (CSR) Department to A) promote the positive aspects of moderate b
Verdich [7]

Answer: B. promote responsible drinking and curb underage drinking before it starts.

Explanation:

Anheuser-Busch Companies, LLC is simply a brewery company as it produces alcoholic drinks.

Corporate Social Responsibility is when companies contribute a positive impact to the economy. This can be in form of giving scholarships to students, construction of infrastructure etc.

Anheuser-Busch established its Corporate Social Responsibility (CSR) Department to promote responsible drinking and curb underage drinking before it starts.

5 0
3 years ago
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 42,000
Doss [256]

Answer:

Results are below.

Explanation:

<u>1) Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.</u>

<u></u>

Direct material= Thread + Premium quality cotton material + Buttons

Direct material= 1,000 + 42,000 + 750

Direct material= $43,750

<u>2) Direct labor is production or service labor that is assigned to a specific product, cost center, or work order.  </u>

Direct labor= Wages paid to seamstresses  + Wages paid to cutters Direct labor= 75,000 + 50,000

Direct labor=  $125,000

<u>3) Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured</u><u>.</u>

Manufacturing overhead= Factory rent + Utilities for factory + Cutting room supervisor's salary + Factory insurance + Depreciation on sewing machines

Manufacturing overhead= 42,000 + 22,000 + 30,000 + 15,000 + 6,000

Manufacturing overhead= $115,000

4) Total manufacturing costs= 43,750 + 125,000 + 115,000

Total manufacturing costs= $283,750

5) Prime cost= direct material + direct labor

Prime cost= 43,750 + 125,000

Prime cost= $168,750

6) Conversion cost= direct labor + MOH

Conversion cost= 125,000 + 115,000

Conversion cost= $240,000

7) <u>Period costs are not directly tied to the production process</u>. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

Period costs= Company advertising + Depreciation on salespersons' vehicles + President's salary

Period costs= 18,000 + 25,000 + 75,000

Period costs= $118,000

8 0
3 years ago
Assuming a customer claim will be granted, what type of response will allow the company to build a better relationship with the
densk [106]

Answer: direct

Explanation:

Assuming a customer claim will be granted, a direct response will allow the company to build a better relationship with the customer.

Direct response marketing is a form of sales technique that is utilized in order to give a reponse on-the-spot. This usually allows prospective customer take instant actions based on the offer by the advertiser. This response sees measurable results instantly.

7 0
3 years ago
On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value o
Reptile [31]

Answer:

April 1 The company issued 9,000 stocks at $11 per stock

  • Dr Cash account 99,000
  • Cr Common Stock account 99,000

June 15 Cash dividends are declared $1.50 per stock

  • Dr Retained Earnings account 103,500
  • Cr Dividends Payable account 103,500

July 10 The company paid the dividends

  • Dr Dividends Payable account 103.500
  • Cr Cash Account 103,500

December 1 The company issued 4,000 stocks at $12 per stock

  • Dr Cash account 48,000
  • Cr Common Stock account 48,000

December 31 Cash dividends are declared $1.60 per stock

  • Dr Retained Earnings account 116,800
  • Cr Dividends Payable account 116,800

6 0
3 years ago
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