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Sveta_85 [38]
3 years ago
12

Perfect summer weather increases farm output by 30%. in the short run, this can be expected to __________ the price level and __

________ real wealth.
Business
1 answer:
Vika [28.1K]3 years ago
8 0
"Perfect summer weather increases farm output by 30%. in the short run, this can be expected to decrease the price level and increase real wealth."

The price level will decrease because there is much to offer as the weather increased the production. Although the price level is expected to lower, people will pay less for the product, the real wealth increases because the farm now has much more products and sells more, making more money. The farm increases in real wealth because is accumulating resources.
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Nominal gdp is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over t
shepuryov [24]

Nominal GDP is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over time because prices change.

Nominal GDP is an indicator used to understand a country's economy. It measures the current value of production of a country. But it cannot be considered as a good measure. One important drawback of Nominal GDP is that it cannot be used to make comparisons of production prices over time because it doesn't take inflation into account.

Nominal GDP works only with current prices and the price changes will not be seen when calculated through years.

So Real GDP is considered for comparisons of product prices over time.

Learn more about Nominal GDP at brainly.com/question/8151973

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2 years ago
How does Quickbooks online use smart learning?
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Answer:

Quick Books Online uses smart learning in its reconciliation tool to help find any rogue transactions by recognizing if transactions have been excluded erroneously from bank feeds. Because bank feeds includes all transactions of bank account. What 2 reasons might mean a transaction needs to be excluded in bank feeds?

Explanation:

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2 years ago
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4 0
3 years ago
The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following
Maurinko [17]

Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

<u>Details                                                                  $      </u>

Sales revenue                                            2,300,000

Cost of goods sold                                    <u> 1,400,000 </u>

Gross profit                                                   900,000

Operating expenses:

Selling and administrative expenses        <u> (420,000) </u>

Operating income                                        480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec.          80,000

Interest expense                                          <u> (40,000) </u>

Income before tax                                        520,000

Income tax (30% * $520,000)                    <u> (156,000) </u>

Net income                                                  <u>  364,000 </u>

EPS (364,000 / 1,000,000)                                 0.36

8 0
3 years ago
_____ is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.
creativ13 [48]

Answer:

The answer is letter A.

Explanation:

Determining salesperson targets and incentives is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.

5 0
3 years ago
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