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Ierofanga [76]
1 year ago
8

If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result?

Business
1 answer:
blagie [28]1 year ago
3 0

If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.

In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.

A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.

Learn more about the quantity supplied here: brainly.com/question/28072862

#SPJ4

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The debt created by a business when it borrows from a vendor or supplier is called a(n):
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Explanation:

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3 years ago
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Answer:

The statement is: False.

Explanation:

Managers must <em>make decisions based on facts and support data</em> -such as the accounting books of the company- since those sources provide <em>objective information</em> on what is happening in regards to the organization. Even if they might be allowed to follow their instinct in taking risky investment decisions, a <em>study </em>must be made before taking a step forward to analyze what the best output could be.

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A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this
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Answer:

Option (b) is correct.

Explanation:

Given that,

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= $70,000 ÷ $50,000

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Current ratio(After paying liability) :

= (Current assets - $1,000) ÷ (Current liabilities - $1,000)

= ($70,000 - $1,000) ÷ ($50,000 - $1,000)

= $69,000 ÷ $49,000

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Therefore, there is an increase in current ratio.

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= Current assets - Current liabilities

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= ($70,000 - $1,000) - ($50,000 - $1,000)

= $69,000 - $49,000

= $20,000

Therefore, there is no change in working capital.

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Answer:

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Explanation:

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