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3 years ago

If a new source of lumber is found, what is likely to happen to the price of

Business

1 answer:

lys-0071 [83]3 years ago

3 0

Answer:

B. The price is likely to decrease because supply has increased.

Explanation:

A new source of lumber represents increased supply. According to the laws of supply and demand, an increase in supply leads to a decrease in prices.

The current market price is the equilibrium price. It is the price that buyers are willing to pay for the quantity that suppliers are offering in the market. In other words, It is the meeting point between the supply and demand-sides in the market. A new source of lumber will increase the supply side, resulting in the curve shift in the supply curve. A new equilibrium with a lower price will be formed in the market.

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Assume that John's marginal tax rate is 40%. If a city of Austin bond pays 6% interest, what interest rate would a corporate bon

Lisa [10]

Answer:

B. 10%

Explanation:

Given that

Tax rate = 40%

Net tax rate = 6%

Recall that

Gross interest = Net of tax rate / ( 1 - tax rate)

Therefore,

= 0.06 ÷ ( 1 - 0.40)

= 0.06 ÷ 0.60

= 0.1

= 10%

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3 years ago

Among United States' major trade partners in 2014, a trade ______ occurred only with _____. The United States also had the large

Allushta [10]

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3 years ago

When a product or service is delivered for which a customer advance has been previously received, the appropriate journal entry

tester [92]

Answer:

Explanation:

According to my research on different financial terminology, I can say that based on the information provided within the question the appropriate journal entry would include a debit to a liability and a credit to a revenue account. This must be included otherwise the journal entry will state the sale of the product or service as being made twice, which will cause errors in the financial statements.

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

3 0

3 years ago

Which of the following are true statements about T-bills? I. T-bills typically sell in denominations of $10,000 II. Income earne

lakkis [162]

Answer:

iii.Income earned on T-bills is exempt from state and local taxes.

Explanation:

Some staes might require that require that income earned from T-bills be reported regardless of the tax exempt status.

7 0

3 years ago

You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w

ruslelena [56]

For this case we have an equation of the form:
$y = A * (b) ^ x
$
Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:
$y = 30000 * (1,039) ^ x
$
By the time the earnings increase to 75000 we have:
$75000 = 30000 * (1,039) ^ x
$
From here, we clear x:
$(1,039) ^ x = (75000/30000)

log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))

$
$x = log1.039 ((75000/30000))

x = 23.95 years$
Answer:
you will have to wait until 23.95 years your winnings are worth $ 75,000

7 0

4 years ago