Answer: Price of coffee beans falls and quantity of coffee beans rises.
Explanation:
Exceptionally good weather increases the harvest of the coffee bean crop. This leads to an increase in the supply of coffee beans, shifting the supply curve of coffee beans to the right. The price of coffee beans falls while the quantity of coffee beans sold rises.
Fall in the price of coffee beans will lead to an increase in the supply of coffee cups leading to a fall in the price of coffee cups as well. Quantity of coffee cups rises.
Since, coffee cups and donuts are complements, fall in the price of coffee beans will lead to a rise in the demand for donuts, leading to a rise in the price of donuts and quantity of donuts sold.
Answer:
The exchange rate is $1 = 2 pounds.
Explanation:
The exchange rate is the relative value of the two currencies. In other words, the amount of one currency you can exchange for another currency.
The US dollar is defined as equal to 0.1 ounces of gold.
The British Pound is defined as equal to 0.05 ounce of gold.
The exchange rate between the two countries is
= 
= 
= 2
So the exchange rate is $1 = 2 pounds. This means that $1 can be used to exchange 2 pounds.
Answer:
During the current year, the following manufacturing activity took place for a company's products. The beginning work–in–process, 70% complete, was comprised of 10,000 units. Units started into production during the year totaled 150,000 units. A total of 140,000 units were completed during the year. The ending work–in–process, 25% complete, was comprised of 20,000 units. What was the number of equivalent units using the first–in, first–out method?
Answer:$344,000 which is ($360,000-$16,000)
Explanation:
Cash flow from operating activities refers to cash inflow and outflow in ordinary course of business as it relates to sales, purchases, wages, salaries etc. The direct method of cash flow it's strictly concerned with actual cash inflow and outflow for the period. The decrease in prepaid expenses is deducted since it's an outflow, while the accrued liability is of no effect since it's not a cash movement.
