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3 years ago

How can the price of baseball bats be affected by the demand for paper

Business

1 answer:

andrey2020 [161]3 years ago

3 0

Answer:

- Higher demand for paper, less wood for bats, the higher price of bats, OR less supply of bats.(have to pay a higher price for wood, and if price doesn't change, they have to make less).

- Higher demand for cheese, cows kept alive, leather is scarce, the higher price of mitts. (less supply because more of the resource is allocated to the milk instead of the leather).

Explanation:

The baseball bats, as well as, paper both, are made employing the resources generated from wood resources. Similarly, the catcher's mitts and cheese are made using the cows as the resource. If two products are made employing similar resources, an increase in the price of one leads to an increase in the other as well. This occurs primarily due to the fact that if the price of the first good increases, the producer of that good is likely to pay more to get the resource and sell the good at a higher price later. Thus, the other producer will either buy less and produce less or spend more to get the resource as per his need.

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the xyz block company purchased a new office computer and other depreciable computer hardware for $12,000. during the third year

Serhud [2]

Present worth is $7,944 ( Considering some assumptions )

Depreciation is the reduction in the value of asset due to wear and tear. Depreciation is charged only on fixed asset on a straight line or on a fixed rate per year.

Computer and other hardware of $12,000 to be depreciated over 5 years with no salvage value

Depreciation per year = ( Cost of Asset - Salvage value ) / Useful life

= ($12,000 - $0) / 5 = $12,000/5 = $2,400 per year

It is assumed that the assets are donated at the end of third year and depreciation of that year is fully charged.

Depreciation for 3 years = $2,400 x 3 = $7,200

Now As all these event happened in the past and it is assumed that we are standing at the end of year 3, the present worth of the all these depreciation is actually the future value of these deduction because it was made earlier.

Present worth of depreciation is as follows

Present Worth = [$2,400 x (1+0.1)^2 ] + [$2,400 x (1+0.1)^1 ] + [$2,400 x (1+0.1)^0 ] = $2,904 + $2,640 + $2,400 = $7,944

Third deduction was made at the date when worth is being calculated.

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10 months ago

Cullen Company has $235,000 in credit sales, and $164,200 in its Accounts Receivable at the end of the year. The company uses th

S_A_V [24]

Answer:

Net Realizablel Value of Account receivable = $142,850

Explanation:

Particulars Amount

Total Accounts Receivable $164,200

- Pre-adjusted Uncollectable Account balance $7,250

- Current Year Uncollectable Amount $14,100 ($235000*6%)

Net Realizable Value $142,850

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2 years ago

Sean works for Cash'n'Carry, a payday loan company. He has been asked to develop an ethical mission statement to reassure custom

soldi70 [24.7K]

Answer:

c. Emphasis on ethics

Explanation:

Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.

This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.

Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.

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3 years ago

Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah’s Cycles on February 1 for $550 (cost of goods sold of

nikitadnepr [17]

Explanation:

The journal entries are shown below:

On February 1

Account receivable - Sarah’s Cycles A/c Dr $550

To Sales $550

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $375

To Merchandise Inventory A/c $375

(Being goods are sold at cost)

On February 9

Sales return and allowance A/c Dr $137.50 ($550 ÷ 4)

To Accounts receivable - Sarah’s Cycles $137.50

(Being sales return is recorded)

Merchandise Inventory A/c $85

To Cost of goods sold A/c Dr $85

(Being sales return is recorded)

On March 2

Cash A/c Dr $412.50 ($550 - $137.50)

To Accounts receivable - Sarah’s Cycles $412.50

(Being cash is received)

The net profit margin is

= (Net sales - Cost of goods sold) ÷ Net sales

= ($412.50 - $290) ÷ ($412.50)

= 29.69%

The cost of goods sold

= $375 - $85

= $290

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3 years ago

The financial crisis of 2008 demonstrated the flaw in a bottom-up detailed approach to calculating risk. There are

Troyanec [42]

Answer:

Explanation:

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3 years ago