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VMariaS [17]
2 years ago
14

both the demand for and the supply of the resource declines in the same proportion. demand remaining constant, supply of the res

ource declines. supply remaining constant, the demand for the resource declines. both the demand for and the supply of the resource increases in the same proportion. both the demand for and the supply of the resource declines, but supply falls by a greater proportion than demand.
Business
1 answer:
leonid [27]2 years ago
6 0

If both demand and supply decrease, consumers wish to buy less and firms wish to supply less, so output will fall. However, since consumers place a lower value on each unit, but producers are willing to supply each unit only at higher prices, the effect on price will depend on the relative size of the two changes.

What happens if both the demand and supply curves decrease at the same time?

Since decreases in demand and supply, considered separately, each cause equilibrium quantity to fall, the impact of both decreasing simultaneously means that a new equilibrium quantity of coffee must be less than the old equilibrium quantity.

What happens when supply and demand shift at the same time?

If the increase in both demand and supply is exactly equal, there occurs a proportionate shift in the demand and supply curve. Consequently, the equilibrium price remains the same. However, the equilibrium quantity rises. In such a case, the right shift of the demand curve is more relative to that of the supply curve.

What is the meaning of demand and supply?

the amount of goods and services that are available for people to buy compared to the amount of goods and services that people want to buy If less of a product than the public wants is produced, the law of supply and demand says that more can be charged for the product.

What is the relationship of demand and supply?

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

Learn more about demand and supply :

brainly.com/question/1222851

#SPJ4

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Jackson Manufacturing Company had a beginning inventory of $23,000. During the year, the company recorded inventory purchases of
harina [27]

Answer:

$82,000

Explanation:

Jackson manufacturing company has a beginning inventory of $23,000

The recorded inventory purchases is $125,000

The cost of goods sold is $66,000

Therefore the ending inventory can be calculated as follows

= $23,000+$125,000-$66,000

= $148,000-$66,000

= $82,000

3 0
3 years ago
Jenae's study ignored the fact that only some of her coffee choices had caffeine, even though her co-workers preferred caffeinat
ch4aika [34]

Answer:

Placebo effect

Explanation:

Placebo effect occurs when an individual starts to show positive response to an inactive substance after being told the substance has powers to cure.

The person's mind subconsciously helps him heal or perform better on the false belief that the substance is effective.

In the given scenario Jeanne labelled decaffeinated coffee as caffeinated coffee. On consumption her co-workers claimed that the extra boost of caffeine helped them focus on their work.

This is a placebo effect.

8 0
3 years ago
A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:
Masteriza [31]

Answer: A. limited liability company.

Explanation:

A Limited Liability Company (LLC) is a type of company that is operated and taxed like a partnership for instance, profits that flow to the partners are taxed on the partner's income but not on the firm to prevent double taxation. This is called Flow-Through Taxation.

They operate with limited Liability for the owners because the owners are only personally liable for the debts and liabilities the company has up until the capital they invested. Anything past this and they cannot be held liable.

8 0
3 years ago
Assume that Beaver uses the periodic system, and the end of period ending inventory for January is 110 units. a. Prepare all nec
aleksandr82 [10.1K]

Answer:

<u>Part 1 a</u>

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Credit : Revenue $640

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Credit : Revenue $1,050

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Credit : Revenue $900

jan 31

Debit ; Cost of Sales (100 x $5 + 150 x $6 + 160 x $7) $2,520

Credit :  Inventory $2,520

<u>Part 1 b</u>

<em>Gross Profit = Sales - Cost of Sales</em>

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = (100 x $5 + 150 x $6 + 160 x $7) = $2,520

Therefore,

Gross Profit = $2,590 - $2,520

                   = $70

<u>Part 2 a</u>

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Debit : Cost of Sales (80 x $5.00) $400

Credit : Revenue (80 x $8.00)  $640

Credit : Inventory (80 x $5.00) $400

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Debit : Cost of Sales (20 x $5.00 + 100 x $6) $700

Credit : Revenue (120 x $8.75) $1,050

Credit : Inventory (20 x $5.00 + 100 x $6) $700

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Debit : Cost of Sales (50 x $6.00 + 50 x $7) $650

Credit : Revenue (100 x $9.00) $900

Credit : Inventory (50 x $6.00 + 50 x $7) $650

<u>Part 2 b</u>

<em>Gross Profit = Sales - Cost of Sales</em>

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = ($400 + $700 + $650) = $1,750

Therefore,

Gross Profit = $2,590 - $1,750

                   = $840

Explanation:

<em>Hie, see the attached the full question as images below</em>

<u>Part 1</u>

Note that the question in this part requires us to use the Periodic Inventory System. In Periodic Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the <em>end of the Period</em>, in this case at the end of the month of January.

<u>Part 2 </u>

Again it is important to note that the question in this part requires us to use the Perpetual Inventory System. In Perpetual Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the <em>after each and every transaction made</em>.

<u>Overall Comment</u>

The Company use of FIFO should be considered in both the Periodic Inventory System in Part 1 and Perpetual Inventory System in Part 2. FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

That said, Cost of Sales for Part 1 are determined and recognized at the end of the period and Cost of Sales for Part 2 are determined and recognized after every sale transaction made

4 0
3 years ago
Franklin Templeton has just invested $8,860 for his son (age one). This money will be used for his son’s education 18 years from
luda_lava [24]

Answer:

Future value (FV) = $57,908

Present value (PV) = $8,860

Number of years (n) = 18 years

Interest rate = ?

FV = PV(1 + r)n

$57,908 = $8,860(1 + r)18

$57,908 = $8,860(1 + r)18

<u>$57,908</u> = (1 + r)18

$8,860

6.535891648 = (1 + r)18

18√6.535891648 = 1 + r  

1.10993 - 1 = r

r = 0.10992 = 10.99%

Explanation:

In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.

8 0
3 years ago
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