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Sunny_sXe [5.5K]
3 years ago
5

Which best describes how a recession develops as demand and production decrease

Business
2 answers:
Maslowich3 years ago
7 0

Answer:

C. The recession accelerates

Explanation:

correct on edgen2020

stellarik [79]3 years ago
4 0

Answer:

The recession accelerates

Explanation:

Recession is an economic phase where economy is generally slow with low GDP and high inflation. In order to avoid recession it is important that market forces run and move on their own without government influence. If an economy is in recession, a decrease in demand and production will lead to more panic and shortage that will accelerate recession.

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Sunland Company had 203000 shares of common stock, 20100 shares of convertible preferred stock, and $607000 of 10% convertible b
svetlana [45]

Answer:

Option B fits perfectly,$1.61

Explanation:

Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.

Earnings attributable to common is net income minus preferred stock dividends

Net income is $361,000

preferred stock dividend=20,100*$1.70=$ 34,170.00  

earnings attributable to common stock=$361,000-$ 34,170=$ 326,830

Weighted average number of common stock is 203,000 shares

basic earnings per share= $326,830/203,000=$1.61

The correct option is B,$1.61

 

6 0
4 years ago
Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows
wariber [46]

Answer:

- $17,600

Explanation:

The computation of the net decrease in cash during the month is shown below:

= $40,600 - $17,400 - $30,200 - $2,300 - $8,300

= - $17,600

After calculating the items which are presented in the column 1 represent the net decrease in cash for $17,600 amount.  

The net decrease in cash represents an outflow of cash. In this, the chances of loss may be higher than the loss.

8 0
3 years ago
Read 2 more answers
Even after commencement of business operations, officers and directors have a responsibility to comply with _______.
Gekata [30.6K]

Even after commencement of business operations, officers and directors have a responsibility to comply with <u>corporate formalities.</u>

Corporate formalities is a term that is used to refer to the operating rules and guidelines that a corporation or business has to or must follow so as to meet its operational requirements. This in turn allows it to maintain the corporate protections that it enjoys.

Corporation refers to an entity that enjoys the backing of a law. It is separate from the directors or owners of the company.

It has the responsibility to comply with the rules and regulations so as to have a proper corporate functioning.

To learn more business here

brainly.com/question/15826771

#SPJ4

8 0
2 years ago
To display desserts in restaurants, Mario Sclafani ordered refrigeration units from Felix Storch, Inc. Felix faxed a credit appl
Illusion [34]

Sclafani is a disclosed principal

<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal. </u>

Explanation:

1) Who was the principal?

Sclafani is a disclosed principal

<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal. </u>

<u> </u>

2) Who is the agent?

<u>The office worker </u>

3) Who is the third party?

<u>When a third party, in this case Felix, enters into a contract with a disclosed principal, in this case Sclafani, who is liable on the contract the principal alone </u>

In this case Felix alleged that Sclafani authorized the officer worker to sign and fax the credit application back to Felix. Felix likely alleged that in the event Sclafani did not give actual authority to the officer worker, the officer worker had apparent authority to contract with Felix.

Apparent authority is established when the principal leads a reasonably prudent person to justifiably believe that an agent has authority to act.

6 0
3 years ago
Suppose that there are five different lemonade stands in the same neighborhood
shtirl [24]

Answer:

Decreased, increased

Explanation:

5 0
3 years ago
Read 2 more answers
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