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algol [13]
3 years ago
10

Suppose that in the rice market demand shifts greatly due to a new rice diet that is being marketed heavily in the U.S. as a cur

e for cancer. Simultaneously the supply curve shifts slightly due to a healthy rainy season that positively affects the rice crop in California. What is the most likely outcome in this situation?
Business
1 answer:
shepuryov [24]3 years ago
5 0

Answer:

the equilibrium price increases, albeit by a negligible amount

Explanation:

Here are the options to this question :

the supply curve will shift again after demand meets supply

the equilibrium price increases

the equilibrium price increases, albeit by a negligible amount

the demand curve will shift back to its original level

The new rice diet that is being marketed heavily in the U.S. as a cure for cancer would increase the demand for rice. This would shift the demand curve rightward. This shift of the demand curve would increase demand and price

The hw healthy rainy season that positively affects the rice crop in California woild increase the supply of rice and as a result the supply curve would shift to the right. The rightward shift of the supply curve would cause quantity to rise and price to fall.

This combined effect would lead to a rise in quantity and a rise in price by only a negligible amount.

I hope my answer helps you

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Genetically modified soybean seed is an example of a new technology that has increased productivity. as a result, this new techn
Y_Kistochka [10]
I believe the answer is <span>lowered; increased
Due to the new technology in Genetically modified soybeans, the company would need less workers to grow the product and would fasten the process of growing the product into having certain desirable traits.
This will lower the total production cost and increase total productions/supply of the product.</span>
3 0
3 years ago
When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing b
Lelu [443]

The correct answer is to debit an expense.

What is debit ?

  • Still, plutocrats are taken out of it to pay someone differently, If an item or a client's account is debited. When you charge your credit card, you credit the credit card account to increase the quantum that you owe, and disenfranchise the expenditure that you charged on it.
  • The bank will disbenefit your account for the freights.
  • Disbenefit' is a formal secretary and account term that comes from the Latin word debere, which means" to owe".
  • The disadvantage falls on the positive side of a balance distance account, and on the negative side of a result item.
  • Under term FOB destination, freight is paid by the seller.

Hence,

When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing bikes co. should debit an expense.

Learn more about debit here:

brainly.com/question/14279491

#SPJ4

3 0
1 year ago
Online companies create a ________consumers gain information that turns them into sophisticated customers, opportunities to cust
Ganezh [65]

Answer:

a value exchange

Explanation: Hope this help:)

3 0
2 years ago
During 2021, Sysco Corp. had 950,000 shares of common stock and 100,000 shares of 7% preferred stock outstanding. The preferred
solong [7]

Answer:

c. $6.03

Explanation:

<u>Earnings available to common shareholders</u>

Net Income                                                             $6,000,000

Less: Preference dividend                                     <u>$200,000   </u>

Net Income available to common shareholders  <u>$5,800,000</u>

<u />

Number of Common shares = 950,000

Equivalent common shares for convertible 5% Bonds = 10,450. [Number of bonds = 2,100,000/1,000 = 2,100 shares. Equivalent common shares = 2,100 * 5 = 10,500 shares]

Weighted average number of common shares outstanding = 950,000 + 10,500 = 960,500

Earnings per share = Earnings available to common shareholders / Weighted average number of common shares outstanding

Earnings per share = $5,800,000 / 960,500

Earnings per share = 6.038521603331598

Earnings per share = $6.04

8 0
3 years ago
Consider the following totals: Revenues = $100,000; Operating costs and expenses = $45,000; Other revenues = $5,000; Income taxe
Sav [38]

Answer:

$55,000

Explanation:

The operating income of any entity can be calculated using the following formula:

Operating income=Net income+ income tax expense+ finance cost- other revenues

Net income in this question=$42,000

Income taxes=$18,000

finance cost=0

Other revenues=$5000

Operating income=$42,000+$18,000+0-$5000=$55,000

The operating income of any entity can also be calculated using the following formula:

Operating income=Revenues-operating costs

                             =$100,000-$45,000=$55,000

7 0
3 years ago
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