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tatuchka [14]
3 years ago
6

Select the situation that will occur when a shortage of bread exists, and consumers pressure producers to change their actions.

Producers respond by supplying less bread. Producers respond by supplying the same amount of bread. Producers respond by supplying more bread.
Business
1 answer:
love history [14]3 years ago
7 0
The answer is : Producers respond by supplying more bread

When shortage of breads increases, the demand of the product will jump through the roof, which will also increase its price

To gain the maximum profit, the producers will respond by supplying more bread until the shortage is eliminated
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Why do interest groups form political action committees (pacs)? pacs are formed to influence government policies. pacs are forme
schepotkina [342]
C) PAC<span>s are formed by interest groups to donate campaign funds and support political candidates.

Political Action Committees are committees organized to donate money for a candidate's campaign. Interest groups usually support certain candidates in return for policies that will benefit the people apart of that interest group. To support the candidate, they form or join PACs in order to donate money to get that candidate elected.</span><span />
5 0
3 years ago
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.25 percent per year,
lana66690 [7]

Answer:

$793.70

Explanation:

The computation is shown below:

At introductory rate

The rate is 17.8% per year

And, in monthly, the rate would be

= 1.25% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,000 × (1 +  0.1042%)^6

= $8,050.15

The interest after 6 month is

= $8,050.15 - $8,000

= $50.15

Now for increase rate to 17.8%

The rate is 17.8% per year

And, in monthly, the rate would be

= 17.8% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,050.14 × (1 + 1.4833%)^6

= $8,793.70

The interest after 6 month is

= $8793.70 - $8,050.15

= $743.55

So, the total interest would be

= $50.15 + $743.55

= $793.70

5 0
3 years ago
Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and
umka2103 [35]

Answer:

b. The slope of the budget constraint is the same for each woman.

Explanation:

Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).

Equation : p1x1 + p2x2 = m ;

where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income  

  • Abby's Budget Line : 5I + 8N = 80
  • Bobbi's Budget Line : 5I + 8N = 60
  • Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]  

Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.

Slope = ΔY/ΔX = Px / Py

Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.

3 0
3 years ago
On January 1, 2017, Eagle borrows $17,000 cash by signing a four-year, 6% installment note. The note requires four equal payment
Reika [66]

Answer:

The question is:

Prepare the journal entries for Eagle to record the loan on January 1 2017 and the four repayments from 31st December 2017 through 31st December 2020?

The answer is:

1 January 2017

Dr Cash                   17,000

Cr Note Payable    17,000

31 December 2017

Dr Interest expenses            1,020

Dr Note Payable                   3,886

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

31 December 2018

Dr Interest expenses            787

Dr Note Payable                   4,119

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

31 December 2019

Dr Interest expenses            540

Dr Note Payable                   4,366

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

31 December 2020

Dr Interest expenses            277

Dr Note Payable                   4,629

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

Explanation:

Working note for the repayment transaction:

- For all the four journal entries regarding the repayment, the Cash account is debited at $4,906 because the note requires four equal payments of $4,906.

The calculations of Principal repayment ( which is recorded as Dr Note Payable and Interest expenses which is recorded as Dr Interest Expense) for each year are as below:

31 December 2017:

Interest Expenses = Outstanding Note Payable * 6% = 17,000 * 6% = $1,020;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 1,020 = $3,886.

31 December 2018:

Interest Expenses = Outstanding Note Payable * 6% = (17,000-3,886) * 6% = $787;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 787 = $4,119.

31 December 2019:

Interest Expenses = Outstanding Note Payable * 6% = (17,000-3,886-4,119) * 6% = $540;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 540 = $4,366.

31 December 2020:

Interest Expenses = Outstanding Note Payable * 6% = (17,000-3,886-4,119-4,366) * 6% = $277;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 277= $4,629.

8 0
3 years ago
With SMART goals, what does the “T” stand for?
finlep [7]

Answer:

time bond

Explanation:

time frame given to achieve that goal

4 0
3 years ago
Read 2 more answers
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