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Eva8 [605]
3 years ago
13

When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter

Business
2 answers:
zaharov [31]3 years ago
7 0

Answer:

The correct answer is: shifted to the right.

Explanation:

The shift in the supply curve: changes in production costs and related factors can cause an entire supply curve to shift to the right or to the left. This causes a greater or lesser amount to be offered at different prices.

When a company discovers a new technology that allows it to produce at a lower cost, the supply curve also shifts to the right. For example, in the 1960s, a great scientific discovery called the Green Revolution focused on growing improved seeds for basic crops such as wheat and rice. In the early 1990s, more than two thirds of wheat and rice in many low-income countries were grown with these seeds of the Green Revolution, and the harvest was twice as large per hectare. A technological advance that reduces production costs will shift supply to the right, which will cause more to occur at different prices.

stellarik [79]3 years ago
5 0

Answer:

shifted to the right

Explanation:

the supply curve for peanut butter shifted to the right

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0.00547645125%

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What will happen to the current ratio if current assets increase, while everything else remains unchanged?
Nana76 [90]

The current ratio will increase if current assets increase, while everything else remains unchanged.

This is further explained below.

<h3>What is the current ratio?</h3>

Generally, A liquidity ratio that evaluates a company's capacity to pay short-term debts or those that are due within the next year is called the current ratio.

It explains to investors and analysts how a business may get the most out of the current assets that are shown on its balance sheet in order to pay off its current debt and any other payables.

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In other words, a current asset is an asset that will be sold, consumed, or exhausted.

In conclusion, If current assets continue to grow while everything else stays the same, the current ratio will continue to show an upward trend.

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Wynn, Inc. manufactures beanies. The budgeted units to be produced and sold are below: Expected Production Expected Sales August
lora16 [44]

Answer:

Hence, the budgeted cost of purchases is 12,474 yards

Explanation:

To compute the budgeted cost of purchase, we need to require to do calculations which are shown below:

1. First, we have to compute the purchase amount

= Required production in august + ending inventory - beginning inventory

where,

required production equals to

= expected production × number of yards

= 3,500 units × 18

= 63,000 yards

The ending inventory is 5% of next month production which equals to

= September expected production × number of yarns × rate

= 2,800 units × 18 yards × 5%

= 2,520 yards

And, the beginning inventory is 3,150 yards

Now put these values to the above formula

So, the purchase amount would be equal to

= 63,000 + 2,520 - 3,150

= 62,370 yards

And the cost of a yard is $0.20

So, the budgeted cost of purchase equals to

= Purchase amount × cost of yard

=  62,370 × $0.20

= 12,474 yards

Hence, the budgeted cost of purchases is 12,474 yards

7 0
3 years ago
Analysis reveals that a company had a net increase in cash of
yawa3891 [41]

Answer:

The multiple choices are as follows:

$4,720.

$17,260.

$48,680.

$43,960.

$42,960.

The beginning cash balance was $4,720  

Explanation:

The formula for closing cash balance can be used to determine the opening cash balance as shown thus:

closing cash balance=net increase in cash+opening balance of cash

by arranging the equation

opening cash balance =closing cash balance-net increase in cash

closing cash balance is $26,700

net increase in cash is $21,980

opening cash balance=$26,700-$21,980=$4,720  

7 0
3 years ago
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