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3 years ago

When a cold snap hits florida, the price of orange juice rises in supermarkets throughout the country.”?

1 answer:

7 0

The price of orange juices rises when a cold snap hits Florida because orange crops are damaged in cold weather, having a reduced supply of the orange products, by this, if there is a reduce supply, the demand will likely be high and because of that, prices rise.

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Why is it important to be fiscally responsible?

motikmotik

So you can have food, shelter and help your damily

6 0

3 years ago

Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of

makvit [3.9K]

Answer:

$133,000 decrease

Explanation:

The computation of the impact on the operating income is shown below:

Sales for the year $1,052,000

Less:

Variable cost -$862,000

Contribution margin $190,000

Less:

Fixed cost for 30% of $190,000 -$57,000

Impact on the operating income $133,000

This amount reflects the decrease in the operating income

5 0

3 years ago

Power industries has acquired a patent for $16,000. its useful life is expected to be four years. Prepare the yearly journal ent

goblinko [34]

If Power industries has acquired a patent for $16,000. its useful life is expected to be four years. The yearly journal entry to recognize periodic amortization is: Debit Amortization Expense - Patents $4,000; Credit Patents $4,000.

<h3>Journal entry </h3>

If the company has acquired a patent for the amount of $16,000 in which the useful life is expected to be four years. The appropriate journal entry to recognize periodic amortization is:

Power industries journal entry

Debit Amortization Expense - Patents $4,000

Credit Patents $4,000

($16,000/4 years)

(To record periodic amortization recognized)

Therefore the yearly journal entry to recognize periodic amortization is: Debit Amortization Expense - Patents $4,000; Credit Patents $4,000.

Learn more about Journal entry here:brainly.com/question/14279491

#SPJ1

8 0

2 years ago

Which ratio measures the number of dollars of operating cash available to meet each dollar of interest and other fixed charges t

dybincka [34]

Answer:

Fixed-charge coverage ratio

Explanation:

The fixed-charge coverage ratio can be regarded as a rato that gives the measurements of the ability of a firm have to cover all her fixed charges. These fixed charges could be expense as well as debt payments and interest. It displays the wellness that earnings of a company has to cover its fixed expenses. This ratio is considered by bank before they lend money to a business. It should be noted that Fixed-charge coverage ratio measures the number of dollars of operating cash available to meet each dollar of interest and other fixed charges that the firm owes.

3 0

3 years ago

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13

Daniel [21]

Answer:

$H_o: \mu \geq 13.04\\H_{\alpha}: \mu \geq 13.04$

b) 0.0751

c) We cannot afirm whether eating out or dinning in is cheaper

d) do not reject neither.

<u>Questions:</u>

(a). Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home.

(b). Using the sample from the 100 restaurants, what is the p -value?

(c). At α = .05 ,what is your conclusion?

(d). Repeat the preceding hypothesis test using the critical value approach

Explanation:

(b)

$\frac{X-\mu}{\sigma \sqrt{n} } = P_v\\\frac{12.75-13.04}{2 \sqrt{100} } = -1.45$

We use excel function to get the Pz which is .0751

(c). 0.0751 > .05 , We cannot reject the hypotesis. Thus, we can neither say dinning in is more cheap nor eating out is cheaper.

(d). With = 99 , t .05 = −1.66 Reject H 0 if ? ≤ −1.66 −1.45 > −1.66 , do not reject

Degrees of freedom = n − 1 = 99 and Pz of 0.05 = -1.66

Reject when Pz < of -1.66

-1.45 > 1.66 threfore we cannot reject the hypotesis.

8 0

3 years ago