Answer:
Shift the gasoline supply curve to the right.
Explanation:
in economy , A shift to the right in supply curves indicates that the supply of the product increased, a shift to the left indicates that the supply of the product decreased.
When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased. This encouraged them to supply more of that product in the market.
Answer:
This is false.
Explanation:
The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:
Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.
Slander refers a spoken false statement about another person that damages their reputation unjustly.
Based on the definitions above, the statement in the question can be correctly rewritten as follows:
Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.
Answer:
The BEP will decrease, which is good.
The reason is that C90B has a better profit margin than Y45E so if the sales shift toward C90B the Contribution mix margin ratio will be higher and it will be easy to pay fixed cost and make a gain
Explanation:
C90B
sales 37,000
variable expenses 9,250
contribution margin 27,750
CM 0.75
Y45E
sales 29,700
variable expenses 16,335
contribution 13,365
CM 0.45
Answer:
A business can improve its average contribution ratio and its overall profitability, by shifting its sales mix to include more products with high contribution margin ratios.
In this case American steel company shift in product mix is due to a higher proportion of export sales. This shift caused to decline net income of the company. This is because the contribution margin ratio on export sales may lower than the other product mix. So, the shift of product mix to low contribution sales will cause to decline the net income.
Answer:
D $22,000.
Explanation:
Mogul ships inventory
Cost of goods = $80,000+$8,000=$88,000
Cost of goods old = $60,000+$6,000=$66,000
Inventory =$88,000-$66,000
=$22,000
Therefore the amount of inventory will Mogul report at year end will be $22,000
