1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pychu [463]
3 years ago
6

In the event of excess supply in the coffee market __________. options: the price of coffee will increase the price of coffee wi

ll decrease the supply of coffee will decrease (supply will shift to the left. to meet the demand the demand for coffee will increase (demand will shift to the right. to meet the supply
Business
1 answer:
Vinil7 [7]3 years ago
6 0

Answer:

the price of coffee will decrease

Explanation:

the price of coffee will decrease because the demand of coffee is clearly greater than the supply, hence in order to reach the point of equilibrium again (a point where demand equals supply), the price is to decrease

You might be interested in
Which of the following is NOT one of the five groups in the diffusion of innovation curve
velikii [3]
You do not have anything there cant help
5 0
3 years ago
A mortgage broker advertises a 30-year fixed-rate loan at a 2.00% rate. After the borrower arrives at the office and begins an a
Contact [7]

Answer:

Truth in Lending Act (TILA)

Explanation:

Mortgage brokering can be defined as a process which typically involves a mortgage broker acting as an intermediary between a financial institution (mortgage bank) offering loans and an individual that seeks to collect a loan.

This ultimately implies that, a mortgage broker acts as an intermediary (middleman) by connecting a creditor (lender) to those seeking to get a loan (borrower).

The Truth in Lending Act (TILA) also known as Consumer Credit Protection Act (CCPA) is a federal law of the United States of America that was enacted by the 89th US Congress and signed into law by President Lyndon B. Johnson on the 29th of May, 1968.

The main purpose of this federal law (Act) is to protect the consumer while using credit by mandating businesses to provide a full disclosure of the terms and conditions with respect to the credit.

According to the Truth in Lending Act (TILA), businesses are required to explain all collection fees, finance charges, late charges and interest charges up front before the time of service or application process commence.

In this scenario, a mortgage broker advertised a 30-year fixed-rate loan with an interest rate of 2.00%.

However, when the borrower arrived at the office of the mortgage broker and begins an application, the broker then went ahead to explain that the 2.00% interest rate is no longer available because his office was only able to do a limited number of them.

Thus, this broker is in violation of Truth in Lending Act (TILA).

6 0
3 years ago
Standards for the Code of Ethics for Market Intelligence Professionals includes to manipulate the data as the researcher sees fi
aalyn [17]

Answer:

to provide honest and realistic recommendations and conclusions in the execution of one's duties

to comply with enforced laws,

Explanation:

6 0
3 years ago
Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The
soldier1979 [14.2K]

Answer:

A) $2.50 per direct labor-hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

where,

Estimated manufacturing overhead = Rent on factory building  + Depreciation on factory equipment + Indirect labor + Production Supervisor's salary

= $15,000 + $8,000 + $12,000 + $15,000

= $50,000

And, the estimated direct labor hours is 20,000

So, the rate is

= $50,000 ÷ 20,000

= $2.5 per direct labor-hour

8 0
3 years ago
The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 p
kozerog [31]

Answer:

$326,400 is the variable cost quantity factor while $56,000 is the unit cost factor

Explanation:

The variable cost quantity factor is a measure of the difference between the planned and actual units  multiplied by planned variable cost.  

That is Variable Cost quantity factor = (planned units  - actual units sold) x        planned variable cost

                                                            = (14000-2400) - 14000) x $136

                                                            = (11600 - 14000) x $136

                                                            =  -$326,400

Unit Cost factor = $(140 - 136) x 14000 units

                          =$56,000

3 0
2 years ago
Read 2 more answers
Other questions:
  • Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was
    13·1 answer
  • Does it make sense that any trend or pattern in the data should include (0,0) as a point? explain your reasoning.
    12·1 answer
  • Trade schools are also known as which of the following?
    5·2 answers
  • Which one of the following statements is correct if a firm has a receivables turnover of 36.5? Group of answer choices It takes
    5·1 answer
  • Why must you repeat steps three and four in the scientific method?
    13·1 answer
  • • List the four sources of organizational culture
    8·1 answer
  • Twenty-five percent of a sample of 200 professional tennis players indicated that their parents did not play tennis. Based on th
    14·1 answer
  • Select all the items that describe the role of a producer. a) You want to charge a price that earns profits. b) You want to char
    8·1 answer
  • Rita, a salesperson in a textile manufacturing company, makes a sales pitch to a representative of a garment manufacturing compa
    7·1 answer
  • Fiscal policy is the tax and spending decisions made by the president and
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!