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3 years ago

What can a food surplus lead to?

1 answer:

4 0

A food surplus in a society can lead to many different things. But based on the principles of supply and demand a surplus of food should lead to a reduction in the price of food, because the quantity supplied is most likely higher than the quantity demanded. In addition a food surplus could lead a country or companies to sell their food surplus internationally or to "dump" the goods on another country or market by selling the goods for a very cheap price most likely lower than the price of the good in that market prior to the entry of this new producer or country with the food surplus.

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If Tex's Manufacturing Company purchases the component externally, $20,000 of the fixed costs can be avoided. At what external p

Delvig [45]

Answer:

$210,000

Explanation:

The computation of the external price is shown below

Making cost = buying cost

$120,000 + $25,000 + $45,000 + $30,000) = external price + Unavoidable fixed cost (30,000-20,000)

$220,000 = External price + $10,000

So,

External price = 210,000

Hence, the same is to be considered

Therefore the external price is $210,000

5 0

3 years ago

Cash flows: Hillman Corporation reported current assets of $3,495,055 on December 31, 2017 and current assets of $3,103,839 on D

Nuetrik [128]

Answer:

$284,115

Explanation:

Computation for the cash flow invested in net working capital at Hillman Corporation during 2017.

First step is to calculate the Net working capital for 2017

Net Working Capital 2017 = $3,495,055 - $2,867,225

Net Working Capital 2017 =$627,830

Second step is to calculate the Net Working Capital for 2016

Net Working Capital 2016 = $3,103,839 - $2,760,124

Net Working Capital 2016= $343,715

Now let calculate the cash flow invested in net working capital

2017 Cash flow invested in net working capital=$627,830-$343,715

2017 Cash flow invested in net working capital=$284,115

Therefore the cash flow invested in net working capital at Hillman Corporation during 2017 will be $284,115

4 0

3 years ago

Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 mill

Sonja [21]

Answer:

3200

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

Market share = sales of a firm / total sales of firms in the industry

total sales of firms in the industry = 5 + 2 + 1 + 1 + 1 = 10

Market share of firm A = (5/10) x 100 = 50%

Market share of firm B = (2/10) x 100 = 20%

Market share of firm C, D, E = (1/10) x 100 = 10%

50² + 20² + 10² + 10² + 10² = 3200

4 0

3 years ago

Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working a

dalvyx [7]

Answer:

b. She receives $10,000

Explanation:

Taxes owed = (1/4 of income) - $15,000.

Taxes owed = (1/4 x 20,000) - $15,000.

= 5,000 - 15,000 => -10,000

Hence, she receives $10,000 from the government.

A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

8 0

3 years ago

You have taken out a $225,000, 3/1 ARM. The initial rate of 5.8% (annual) is locked in for three years and is expected to increa

RoseWind [281]

Answer:

$1,320.19

Explanation:

Loan amount = $225,000

Rate = 5.80%

Years = 30

PMT = ?

Initial payment = PMT(Rate/12, Years*12, -225,000)

Initial payment = PMT(5.80%/12, 360, -225,000)

Initial payment = 1320.185230439806

Initial payment = $1,320.19

Therefore, the initial payment on the loan is $1,320.19

8 0

2 years ago