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2 years ago

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

Business

2 answers:

zaharov [31]2 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]2 years ago

5 0

Answer:

shifted to the right

Explanation:

the supply curve for peanut butter shifted to the right

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Store supplies still available at fiscal year-end amount to $1,900. Expired insurance, an administrative expense, for the fiscal

DaniilM [7]

Answer:

Current Ratio = 1.67:1

Acid Test Ratio = 0.1:1

Gross Profit Margin = 66%

Explanation:

Cash.......1000

Merchandise inventory...12,500

Store supplies....5800

Prepaid Insurance...2400

Accounts Payable...................10,000

Sales..............................111950

Cost of Goods Sold....38,400

Store supplies still available at fiscal year-end amount to $1,900. Expired insurance, an administrative expense, for the fiscal year is $1,650. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2018.

Therefore Balance Store supplies = 5800-1900

Prepaid Insurance = 2400-1650

Balance Inventory = 11,000

Current Ratio = Current Assets/ Current liabilities

Current Ratio = (1000 cash + 11,000 inventory + 3,900 Store supplies + 750 prepaid insurance) / 10,000 Accounts payable = 16650/10000 = 1.67

Current Ratio = 1.67:1

Acid test Ratio = Current Asset - inventory / Current Liabilities

(16,650 - 11,000 inventory - 3,900 Store supplies - 750 Prepaid Insurance) /10,000 = 0.1

Acid Test Ratio = 0.1:1

Gross Profit Margin = Gross Profit / Sales x 100

Gross Profit = Sales - Cost of Goods Sold = 111,950 - 38400 = 73550

Therefore Gross profit Margin = 73550/111950 x 100 = 66%

Gross Profit Margin = 66%

3 0

3 years ago

lakkis [162]

Answer:

Global marketing standardization

Explanation:

In Global marketing standardization technique companies or firms try to create the equal standards of product and service globally, In general term Companies make the same quality and quantity of their product or service to create a uniqueness and market establishment.

In this situation, Zenith provides the same machine technology and ingredient for there customer. it is a type of Global marketing technique.

4 0

2 years ago

You own a portfolio that has a total value of $215,000 and it is invested in Stock D with a beta of .86 and Stock E with a beta

babunello [35]

Answer: BP = BD(WD) + BE(WE)

1 = 0.86(1-WE) + 1.39WE

1 = 0.86-0.86WE + 1.39WE

1 = 0.86 + 0.53WE

-0.53WE = -0.14

0.53WE = 0.14

WE = 0.14/0.53

WE = 0.2641509434

WD = 1 - WE

WD = 1 - 0.2641509434

WD = 0.7358490566

The dollar amount of investment in stock D = 0.7358490566 x $215,000

= $158,207.54

Explanation: The beta of the portfolio is 1, which corresponds to the beta of the market. The beta of the portfolio equals beta of each stock multiplied by the percentage of fund invested in each stock(weight). The weight of stock D is equal to 1 - weight of stock E. Therefore, we need to make weight of stock E the subject of the formula by solving the problem mathematically and collecting the like terms. The weight of stock E is 0.2641509434. The weight of stock E will be subtracted from 1 so as to obtain the weight of stock D, which is 0.7358490566. The dollar amount of stock D equal to $215,000 multiplied by 0.7358490566, which is $158,207.54.

4 0

2 years ago

You have been asked to help King Company make the necessary journal entry to record the purchase of office furniture for a $170

Marina CMI [18]

Answer:

Debit Office Furniture account $710

Credit Cash account $170

Credit Accounts payable $710

Being entries to recognize office furniture partly paid for.

Explanation:

When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.

Total worth of the office furniture = $170 + $540 = $710

The total debit for this will be recorded in the office furniture account.

Hence to recognize the transaction,

Debit Office Furniture account $710

Credit Cash account $170

Credit Accounts payable $710

Being entries to recognize office furniture partly paid for.

3 0

2 years ago

Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th

Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

8 0

2 years ago