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2 years ago

? Question

Business

1 answer:

Westkost [7]2 years ago

8 0

Answer:

NHTSA is responsible for keeping people safe on America's roadways so the closest answer is Establishing safety standards for cars.

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Demand increases in an increasing-cost industry that is initially in long-run competitive equilibrium. After full adjustment, pr

emmainna [20.7K]

Answer: above its original value

Explanation:

An increasing-cost industry simply means the industries whereby there's a rise in the average costs when the output increases.

Demand increases in an increasing-cost industry which is in long-run competitive equilibrium. After full adjustment, price will be above its original value.

7 0

3 years ago

You are a monopolist that sells textbooks to undergraduate students. Currently you sell 100 books at a price of $100 each, for r

emmasim [6.3K]

Answer:

Consider the following calculations

Explanation:

(1) Elasticity of demand = % Decrease in quantity demanded / % Increase in price

0.5 = % Decrease in quantity demanded / 10%

% Decrease in quantity demanded = 10% x 0.5 = 5%

New price = $100 x 1.1 = $110

New quantity = 100 x 0.95 = 95

New revenue = $110 x 95 = $10,450

(2) If elasticity of demand is 2, which is higher than 1, it signifies that demand is elastic. With elastic demand, total revenue will increase if price is decreased, so I should lower price.

3 0

3 years ago

Scranton, Inc. reports net income of $260,000 for the year ended December 31. It also reports $100,700 depreciation expense and

Arlecino [84]

Answer:

$399,950

Explanation:

The computation of cash provided (used) in operating activities using the indirect method is shown below:-

Cash flow from operating activities

Net income reported $260,000

Add: depreciation expenses $100,700

Less: gain on sale of equipment -$6,500

Add: decrease in accounts receivables $41,500

Add: increase in accounts payable $18,750

Less: decrease in wages payable -$14,500

Cash flow from operating activities $399,950

We simply added the cash inflows and deduct the cash outflows to reach out the operating activities

5 0

4 years ago

The Jacob Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the ti

4vir4ik [10]

Answer:

173,333.33

Explanation:

Lumpsum + Appraisal = Total Spent

500,000 + 20,000 = 520,000

Land + Building + Equipment = Total Fair Value

100,000 + 200,000 + 300,000 = 600,000

Building Costs:

Fair Value Building / Total Fair Value = % of the building cost to apply to the total spent x Total Spent

200,000 /600,000 = .3333 x 520,000 = 173,3333.33

8 0

3 years ago

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6

Vesna [10]

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

6 0

3 years ago