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1 year ago

The law of supply states that other things remaining the same, a decrease in the price of kayak leads to?

1 answer:

3 0

The law of supply states that other things remain the same, a decrease in the price of kayaks leads to a reduction in the number of kayaks provided.

<h3>What are the laws of supply?</h3>

The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services and vice versa. In terms of economics, supply refers to the number of items that a person or firm offers to the market, which is equivalent to the total amount that they produce at one particular time. For instance, if Apple produces 100 iPhones, then this is the quantity that is sold. Supply and demand were defined by Adam Smith, who is frequently referred to as the Father of Economics, as an "invisible hand" that spontaneously steers the economy.

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Property risks are those

Hatshy [7]

Answer:

Explanation:

Property risk is an example of a pure risk.

Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks

Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

5 0

3 years ago

Your parents will retire in 29 years. They currently have $200,000 saved, and they think they will need $2,400,000 at retirement

zhannawk [14.2K]

Answer:

8.95%

Explanation:

Data provided in the question:

Time, n = 29 years

Principle amount = $200,000

Future value = $2,400,000

Now,

Using the compounding formula

Future value = Principle × [ 1 + r ]ⁿ

here,

r is the interest rate

Thus,

$2,400,000 = $200,000 × [ 1 + r ]²⁹

[ 1 + r ]²⁹ = 12

taking the natural log both the sides, we have

29 × ln(1 + r) = ln(12)

ln(1 + r) = 0.08569

1 + r = $e^{0.08569}$

1 + r = 1.0895

r = 0.0895

r = 0.0895 × 100% = 8.95%

3 0

3 years ago

The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation exp

strojnjashka [21]

Answer:

$505

Explanation:

Armstrong Company

Cash flow from operating activities

Adjustments to reconcile net income to operating cash flow.

Net income

$450

Less : Increase in plant and equipment

($170)

Add : Depreciation expenses

$80

Add : Payment of dividends

$10

Add : Decrease in accounts receivable

$20

Add : Increase in long term debt

$100

Less : Increase in Inventories

($15)

Add : Decrease in Account payable $30

Net Cash flow from operating activities

$505

8 0

3 years ago

Brief Exercise 12-06Flint Corporation owns a patent that has a carrying amount of $290,000. Flint expects future net cash flows

Morgarella [4.7K]

Answer:

Debit Impairment loss account $50,000

Credit Intangible asset account $50,000

Being entries to recognize impairment loss on patent.

Explanation:

According to IAS 36, an asset is impaired when the carrying amount of the asset is more than the recoverable amount. The recoverable amount is the higher of the fair value and the future net cash flow from the assets.

Given;

Carrying amount = $290,000

Expected future net cash flows from this patent = $240,000

Fair value of the patent = $133,000

The recoverable amount = $240,000 (as this is higher than the fair value)

Impairment is the difference between the carrying amount and the recoverable amount.

Impairment = $290,000 - $240,000

= $50,000

Entries required

Debit Impairment loss account $50,000

Credit Intangible asset account $50,000

Being entries to recognize impairment loss on patent.

7 0

3 years ago

John is the chief operating officer (CEO) at an advertising company. He conducts bi-weekly meetings with his middle managers thr

telo118 [61]

Answer:

leading

Explanation:

According to my research on different organizational roles and responsibilities, I can say that based on the information provided within the question John exhibits characteristics of the leading function of management. This is a characteristic that is needed for a CEO because he/she needs to be able to lead their team correctly in order to be able to make the organization succeed.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago