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2 years ago

When quantity supplied exceeds quantity demanded, _____ exists. equilibrium a surplus a shortage fixed supply

Business

1 answer:

damaskus [11]2 years ago

5 0

When quantity supplied exceeds quantity demanded, a shortage exists.

<h3>What happens when quantity supplied exceeds quantity demanded?</h3>

If more people want a good or service than can be supplied at the going rate, there is a shortage, which pushes prices up.
With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply.
The only price at which the quantity provided and the amount demanded are equal is at the equilibrium.
Quantity supplied exceeds quantity sought at a price above equilibrium, such as 1.8 dollars, leading to an excess supply.
When the quantity given and demanded are equal, an equilibrium is reached. The amount demanded will exceed the quantity provided if the price is below the equilibrium level. A shortage or an excess of demand will exist.

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Drag each option to the correct location on the image.

zaharov [31]

Answer:

see below

Explanation:

Macroeconomics focuses on the performance and behavior of the overall economy or market system. Microeconomics is concerned with how individual households and firms' decisions affect the demand and supply of a specific good.

MACROECONOMICS

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3 years ago

The FDA recommends the use of three risk designations when evaluating operations. Which designation is for actions and procedure

kykrilka [37]

Answer: Priority item.

Explanation:

I believe there should be options here but PRIORITY ITEM should be the answer anyway.

Priority items are the most critical items. They refer to a provision in the 2009 FDA FOOD CODE which when applied contribute directly to the hazards of foodborne illness or injury being eliminated, prevented or reduced to an acceptable level.

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3 years ago

Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i

Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018 = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0

3 years ago

The city of Belgrade, Serbia, is contemplating building a second airport to relieve congestion at the main airport and is consi

sertanlavr [38]

Answer:

Alternatives Airport at X Airport at Y

Buy land at X 6 -14

Buy land at Y -21 12

Buy land at X and Y -15 -2

Do nothing 0 0

probability 0.55 0.45

Payoff if you buy land at X = (0.55 x 6) + (0.45 x -) = -3

Payoff if you buy land at Y = (0.55 x -21) + (0.45 x 12) = -6.15

Payoff if you buy land at X and Y = (0.55 x -15) + (0.45 x -2) = -9.15

Payoff for doing nothing = 0

The best option is simply doing nothing. The risks are too high, the potential losses are very large and the benefits are really low.

4 0

3 years ago

barga company's net sales for year 1 and year 2 are $730,000 and $1,095,000, respectively. its year-end balances of accounts rec

BartSMP [9]

Year 1 = 35.23 days

Year 2 = 44.64 days

<h3>What are net sales?</h3>

Net sales are calculated by deducting appropriate sales returns, allowances, and discounts from gross revenue.
Net sales costs have an impact on a company's gross profit and gross profit margin, but net sales exclude the cost of goods sold, which is typically a key driver of gross profit margins.
Net sales are operating revenues obtained by a corporation for selling its products or performing its services in bookkeeping, accounting, and financial accounting.
They are recorded directly on the income statement as Sales or Net sales and are also known as revenue.

So, Days' Sales Uncollected = Accounts receivable / Net Sales * Days

Year 1 = $64,000 / $663,000 * 365 days = 35.23 days

Year 2 = $91,000 / $744,000 * 365 days = 44.64 days

Therefore,

Year 1 = 35.23 days

Year 2 = 44.64 days

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The question you are looking for is here:

Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivable follow Year 1, $64,000; and Year 2, $91,000. Complete the below table to calculate the days' sales uncollected at the end of each year.

Days' Sales Uncollected

Choose Denominator: / Choose Numerator: * Days = Days' Sales Uncollected

Year 1: days

Year 2: days

5 0

2 years ago