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natulia [17]
3 years ago
12

Suppose the following two events occur at the same time: the Chicago Cubs win the World Series, and the workers who make Cubs me

rchandise overseas go on strike. Holding everything else constant, we would expect the price of Cubs' merchandise next season to _____ and the quantity of merchandise sold to _______.
Business
1 answer:
Virty [35]3 years ago
5 0

Answer:

The correct answer is increase; increase or decrease.

Explanation:

In a situation where there is a saturation of demand compared to the decrease in supply caused by issues other than the market, it is most likely that in the next season a larger quantity will begin to be produced as would have happened when the cubs won the series. worldwide, but this does not guarantee that the offer will respond in the same way as when that situation arose. An adverse situation is not predictable within sales expectations.

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Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
saw5 [17]

Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

                       Bonds payable                               $500,000

                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

                         Cash                                               $22,500

                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

                          Cash                                                $303,000

                 (To record retirement the bonds at 101 on November 1, 2019)

8 0
2 years ago
O.J. Juice Company sells bags of oranges and cartons of orange juice. O.J. grades oranges on a scale of 1 (poor) to 10 (excellen
siniylev [52]

Answer:

max z = 0.3x_{1} + 0.45x_{2} + 0.3y_{1} + 0.45y_{2}

Constraints

x_{1} +  x_{2} \leq  100,000 (Grade 9 oranges)

y_{1} +  y_{2} \leq  120,000 (Grade 6 oranges)

2x_{1} - y_{1} \geq   0 (Avg oranges in bags)

x_{2}  - 2y_{2} \geq 0 (Avg oranges in juice)

x_{1}\geq  0, x_{2} \geq  0, y_{1}\geq 0, y_{2} \geq 0

Explanation:

Let the variables used be x and y

x representing oranges of grade 9

y representing oranges of grade 6

Now, let x_{1} be the oranges used in each bag in lbs, and x_{2} be oranges used in juice of grade 9 each.

Similarly let y_{1} will represent oranges of grade 6 in bags, and y_{2} will represent oranges in juice of grade 6

Now total oranges sold in bags

= x_{1} + y_{1}

And their revenue in $ = 0.5 revenue - 0.2 expense = 0.3

Total profit from bag shall be

0.3 (x_{1} + y_{1}) = 0.3 x_{1} + 0.3y_{1}

Similarly total oranges in juice shall be

= x_{2} + y_{2}

Profit shall be

$1.50 - $1.05 = $0.45

Total profit from juice shall be

$0.45 (x_{1} + y_{1}) = 0.45 x_{2} + 0.45 y_{2}

Profit shall maximise as

z = 0.3x_{1} + 0.45x_{2} + 0.3y_{1} + 0.45y_{2}

Further constraint 1 shall be

Total amount of  grade 9  oranges used shall be max 100,000 lb

x_{1} +  x_{2} \leq  100,000

Constraint 2

Total amount of  grade 6  oranges used shall be max 120,000 lb

y_{1} +  y_{2} \leq  120,000

Constraint 3

Average quality of oranges sold in bag shall be 7

\frac{9x_{1} + 6y_{1}  }{x_{1} + y_{1}  } \geq 7

Accordingly,

9x_{1} + 6y_{1} \geq   7x_{1} + 7y_{1}

Simplifying:

2x_{1} - y_{1} \geq   0

Constraint 4

Average quality of oranges sold as juice shall be 8

\frac{9x_{2} + 6y_{2}  }{x_{2} + y_{2}  } \geq  8

Accordingly,

9x_{2} + 6y_{2} \geq   8x_{2} + 8y_{2}

Simplifying:

x_{2}  - 2y_{2} \geq 0

Constraints shall be

x_{1}\geq  0\\x_{2} \geq  0\\y_{1}\geq  0\\y_{2} \geq 0

5 0
3 years ago
The alignment of _______ is a continuous process of adjusting business goals and the information systems infrastructure to achie
stiks02 [169]
The answer is Business and Information technology (IT). The alignment of Information technology as well as Business is a continuous process of adjusting business goals and the information systems infrastructure to achieve the business objectives. Business and Information technology can somehow be partner together to achieve the goals of the business.
5 0
3 years ago
On January 1, 2021, Blossom Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for
Mars2501 [29]

Answer:

The interest expense is $53887.8

Explanation:

Given the annual payment made by Blossom in the beginning of the year is $17000.

The interest expense have to determined:

The present value of lease payment = $708878

The payment made on the beginning of year = $170000

Outstanding principal amount as on 31 december 2021, 708878 – 170000 = $538878

Given effective interest rate is 10%

Now calculate the interest expense.\text{Interest expense} = 538878 \times 10 \ percent = 53887.8 dollars.

7 0
3 years ago
A bank consistently denies loans to people of color. This is an example of __________ discrimination.​
Ivenika [448]

Answer:

Institutional

Explanation:

Institutional discrimination means discrimination set in the objectives, policies, or procedures of organizations. This involves not providing particular service to a particular race or gender or denying certain rights such as driving or education to a particular race or gender. Not granting loan to people of color is an example of institutional discrimination followed by the bank.

3 0
3 years ago
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