At $5 a bushel, there is an excess supply of wheat. Is this price above or below the equilibrium price?

1 answer:

5 0

It is a price floor above the equilibrium price.The price is too high so that the suppliers will produce more than the consumption.

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Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,600 per month plus $51 per boat. For the month of

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Answer:

The Correct answer is $85 U.

Explanation:

Spending change is the contrast among the real and expected (planned) measure of a cost

Genuine Spending on cleaning equipment and supplies in April = $3,450

Planned Spending in cleaning equipment and supplies in April = $2600 + $51 × 15 boat = $ 3365

Difference among Budgeted and Actual is $ 85 for example abundance spending than planned subsequently this difference is Unfavorable for organization.

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2 years ago

Inadequate disclosure occurs when: a. A company attempts to overstate assets to make their financial position look better. b. Ma

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Answer: Option B

Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.

The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.

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2 years ago

The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders

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Answer: Has competitively valuable value chain match-ups with the company's present businesses such that its businesses can perform better together than apart.

Explanation:

The better-off test of diversification is that the company must gain a return that is higher than incremental growth. Incremental growth is usually defined a 1 + 1 = 2 formula and this test argues that Diversification must provide more than this such that the company achieves synergistic growth ( 1 + 1 = 3) which is what happens when different entities work better together than alone.

Diversification should therefore be into an area that will be able to match-up with the company's present businesses such that its businesses can perform better together than apart and produce even greater returns.

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3 years ago

Select the correct answer. Which element is part of indirect compensation? A. basic pay B. bonus C. stock options D. subsidized

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A is the correct answer for me for u I don’t know

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3 years ago

Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in se

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The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.

<h3>What is a journal entry?</h3>

The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.

Hence, option C holds true regarding the journal entry.

Learn more about journal entry here:

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2 years ago