Answer:
True
Explanation:
The effects of both changes on price is as follows:
1. The Greater Effect - change in demand due to the falling price of natural gas (a substitute for oil)
As price of natural gas, a substitute for oil, falls, demand for oil will fall pushing oil producers to respond by cutting crude oil prices in a bid to sustain demand and prevent its fall. <em>Thus, the effect is a price fall</em>.
2. The Lesser Effect - change in supply due to disruptions in oil-well operations in the Middle East
Due to supply disruptions which will result is a reduction in supply, the price of oil will tend to increase as consumers buy more of a commodity in less supply. <em>Thus, the effect on price is a rise</em>.
There, since the greater effect is a price fall, and the lesser effect is a price rise, equilibrium price is expected to fall.
Answer: Reliable
Explanation:
According to the above analysis, Ryan's customers develop would only renew their yearly lawn care service based on the attitude they develop. Based on this, Ryan needs to be reliable by quickly addressing problems that occur.
Reliability has to do with trusting someone to b competent, accurate, trustworthy and performs consistently well. When the customers realize that Ryan is a reliable person, they'll renew their lawn care service.
A decrease in the discount rate increases bank reserves and increase the money supply if banks respond appropriately to the change in the rate.
<h3>What is discount rate?</h3>
Dscount rate serves as the rate of interest that the central bank charges on its loans and advances to a commercial bank.
Therefore, when there is increase in discount rate, there will be increase in money supply.
Learn more about discount rate at;
brainly.com/question/7459025
Answer: the correct answer is a. working capital 225000.00 before issuing the note and 185000.00 after issuing the note. b current ratio 1.82 before the note and 1.59 after the note.
Explanation: Working capital = Current assets - Current liabilities
500000.00 - 275000.00 = 225000.00 before issuing a short term note
the short term note is a current liability.
500000.00 - 315000.00 = 185000.00 after issuing a short term note
Using the Balance Sheet, the current ratio is calculated by dividing current assets by current liabilities: For example, if a company's current assets are $ 5,000 and its current liabilities are $ 2,000, then its current ratio is 2.5.
500000.00 / 275000.00 = 1.82 before issuing the note
500000 / (275000 plus 40000) =
500000 / 315000 = 1.59 after issuing the note.
Answer:
AJ Manufacturing Company
Multi-Step Income Statement
For the year ended xx xx, xxxx
Revenue
Sales $160,000
Cost of Goods Sold
Variable Product cost $40,000
Fixed Product cost <u>$50,000</u>
<u>$90,000</u>
Gross Income / Income $70,000
Less: Operating Expenses
Variable Selling & Administrative costs $13,000
Fixed Selling & Administrative costs <u>$16,000 </u>
<u>$29,000</u>
Net Profit / Income <u>$41,000</u>
Explanation:
GAAP require two types of the income statements
- Single-Step Income Statement
- Multi-Step Income Statement
In single step income statement all revenue are calculated and all expense are deducted from revenue to calculate net profit.
In multi-step the expenses are classified in the product / manufacturing expense and operating expenses. First manufacturing expenses are deducted from the net revenue to calculate the gross profit and then operating expense are deducted to calculate operating / net profit / income.
