1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
earnstyle [38]
2 years ago
6

Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based

on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?.
Business
1 answer:
MatroZZZ [7]2 years ago
4 0

It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.

<h3 /><h3>What is the law of supply and demand?</h3>

It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.

Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.

Find out more about law of supply here:

brainly.com/question/26374465

#SPJ1

You might be interested in
Partial balance sheets and additional iformation are listed below for Sowell Company.
musickatia [10]

Answer and Explanation:

The preparation of the operating activities section is presented below

Cash Flows from operating activities

Net Income $88,000

Adjustment made for non cash items:                  

Depreciation Expense $19,000

Add: Decrease in Account Receivable $15000 ($70,000 - $85,000)

Less: Increase in Inventory   $(5000) ($40,000 - $35,000)

Less: Decrease in accounts payable   $(8000) ($54,000 - $62,000)

Net cash flows from operating activities        $109,000

3 0
3 years ago
On January 1, 20Y3, The Simmons Group, Inc., purchased the assets of NWS Insurance Co. for $37,152,500, a price reflecting an $5
Triss [41]

Answer:

The Simmons Group, Inc.

a. December 31, 20Y9, the book value of Goodwill before impairment = $5,572,875

b. Effects on the accounts of the December 31, 20Y9 adjustment for the goodwill impairment:

1. Impairment loss of $3,901,012 will be accounted for in the Income Statement for the year, thus reducing the reported profits by $3,901,012.

2. Goodwill be reduced to $1,671,863 in the balance sheet by deducting the impairment loss of $3,901,012 from the book value before the impairment.

Explanation:

a) Data and Calculations:

Jan. 1, 20Y3, Purchase price of NWS Insurance Co. = $37,152,500

Goodwill on acquisition = $5,572,875

December 31, 20Y9, the book value of Goodwill before impairment = $5,572,875

Impaired value - $1,671,863

Impairment loss = $3,901,012 ($5,572,875 - $1,671,863)

b) The Goodwill impairment shows that the carrying amount, $1,671,863, is less than the fair value of $5,572,875.  Goodwill is an intangible asset which Simmons Group acquired from NWS Insurance on January 1, 20Y3.  It is annually tested for impairment by comparing the fair value with the carrying value.  

6 0
2 years ago
If the federal government or a state government brings a criminal lawsuit against a defendant for the alleged commission of a​ c
Nat2105 [25]

Answer:

Procedural due process.

Explanation:

Procedural due process is a doctrine that requires government officials to follow fair procedures before depriving a person of life, liberty, or property. Procedural due process is required by the Due Process Clauses of the Fifth and Fourteenth Amendments of the United States. When the government seeks to deprive a person of one of those interests, procedural due process requires at least for the government to afford the person notice, an opportunity to be heard and a decision made by a neutral decision maker. The rights that apply equally to civil due process and criminal due process are:

  • An unbiased trial.
  • Notice of the proposed action and the grounds asserted for it.
  • The opportunity to present reasons for the proposed action not to be taken.
  • The right to present evidence, including the right to call witnesses.
  • The right to know the opposing evidence.
  • The right to cross-examine adverse witnesses.
  • A decision based only on evidence presented.
  • Opportunity to be represented by counsel.
  • A requirement that the tribunal prepare a record of the evidence presented.
  • A requirement that the tribunal prepare written findings of fact and the reasons for its decision.

Not all the above rights are guaranteed in every instance. At minimum, a person is due only notice, an opportunity to be heard and a decision by a neutral decision maker. Courts use tests to decide if a person should be guaranteed any of the procedural aforementioned rights.

5 0
3 years ago
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the account
vova2212 [387]

Answer:

Wholistic Health Services Co.

Income Statement for the year end February 28, 2019

Service Revenue                           $270,900

Less: Supplies Expense                <u>$3,000    </u>

Gross Income                                  $267,900

Less operating Expenses:

Insurance Expense         $4,000

Depreciation Expense    $9,000

Miscellaneous Expense $6,000

Utilities Expense             $1,760

Rent Expense                  $4,200

Wages Expense              <u>$213,000</u>

                                                       <u>$237,960</u>

Net Income                                    <u>$29,940  </u>    

Explanation:

Income statement shows the performance of the company in a year. It provides the details of revenue, expenses and profits for the year. All the expenses are deducted from the revenue to determine the net earning of the business.

8 0
3 years ago
A chocolatier produces truffles and sells each 1 pound box of truffles for $20. However, the chocolatier knows that some consume
Alexus [3.1K]

Answer:<em><u> Offering a discount to students and seniors</u></em> will allow the chocolatier to know which types of consumers are likely to have a lower willingness to pay.

Here the price discrimination should be in respect with the demography i.e. allow the chocolatier to sell truffles to the consumer based on their age groups.

<u><em>The correct option is (3).</em></u>

4 0
3 years ago
Other questions:
  • Which conclusions can be made about the growth of the economy? Check all that apply. Aggregate demand increased after 2009. Aggr
    5·2 answers
  • 1. Discuss how core factors, cues to quality, and interpersonal factors of a product influence your buying decisions. Discuss wi
    11·1 answer
  • The 2012 youth gang survey depicted an estimated 30,000 gangs containing about ______________ gang members active in the united
    14·2 answers
  • The accounting department of a large firm is interested in modeling the dynamic of its accounts receivable (that is,the money th
    6·1 answer
  • Diamond Productions reports a net change in cash of $50,000 on its statement of cash flows. What is the net cash provided by ope
    7·1 answer
  • What is affiliate marketing?
    8·2 answers
  • Which of the following is NOT a suggested strategy for handling decreases in income? Finding a new job to replace lost income. R
    8·1 answer
  • A basic interest rate that is not adjusted for inflation is called a(n)___ interest rate.
    6·1 answer
  • Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfactio
    13·1 answer
  • WHAT ARE TWO BENEFITS AND DRAWBACKS OF BEING A SOLE TRADER?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!