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PilotLPTM [1.2K]
3 years ago
10

In agriculture, a "bumper crop" refers to a particularly productive harvest. if there is a bumper crop for wheat at the same tim

e that more people become allergic to wheat and all else is held constant, what will happen to the equilibrium price and quantity for wheat?
Business
1 answer:
WINSTONCH [101]3 years ago
7 0
<span>The equilibrium price will go down and equilibrium quantity will be indeterminate.
Bumper crop refers to a situation when a certain type of crop exeprience sudden bump in productivity. If at that exact time more people become allergic to this crop, the crop would be overly stocked in the warehouse and the owner would most likely sell it at lower price.</span>
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Manufacturing overhead data for the production of Product H by Shakira Company are as follows.Overhead incurred for 45,100 actua
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Answer:

Total overhead cost variance                                      $

Standard fixed overhead cost ($9 x 45,100 hrs)    405,900

Less: Actual fixed overhead cost                             <u>411,000 </u>

Total overhead cost variance                                   <u> 5,100 (A)</u>

Explanation:

Total overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is overhead rate multiplied by actual direct labour hours. Overhead rate is the total of variable overhead and fixed overhead rate ($8 + $1 = $9).

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A nationwide fast food restaurant is considering adding an innovative new item to its menu. it introduces the item at a few care
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<span>This best represents the test marketing stage. During this stage, a new product is released on a small scale to a small market. Changes are made and if it is successful in the small market, then it is introduced on a larger scale.  </span>

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Cash is difficult to protect because it is easy to transfer and its ownership difficult to prove. These statements are?.
Arte-miy333 [17]

The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.

<h3>What are financial statement audits mostly focused on?</h3>
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  • Cash can easily stolen or misplaced. As a result, it's critical to put internal controls in place to protect these assets and ensure that only authorized individuals have access to them.
  • A fundamental internal control process is to deposit all cash receipts in the bank as soon as possible. Cash receipts are frequently deposited by businesses each day.
  • The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.  

To learn more about Accounting mistakes at the business refer to:

brainly.com/question/25671660

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4 0
1 year ago
The Bureau of Transportation Statistics Omnibus Household Survey is conducted annually and serves as an information source for t
sasho [114]

Answer:

a) For this case we have quantitative data since we have frequencies per each category.

b) For this case is better use percentages since we have frequency counts per each

c) First we need to calculate the total for the frequencies:

Total = 44+130+165+741= 1080 respondents

For this case we can calculate the percentage like this:

\% Strongly_{agree} = \frac{44}{1080} *100 =4.07\%

d) For this case the percentage of people who agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving is just 4.07% and by the other hand the rest of the people correspond to 95.93%.

\frac{1036}{44}=23.55

The people who are NOT strongly agree is about 24 times greater than the peopl who strongly agrees.

So we can say that we don't have a general support for the claim.

Explanation:

For this case we have the following data given:

Number of respondents that they strongly agree with the statement = 44

Number of respondents that they somewhat agree with the statement = 130

Number of respondents that they somewhat disagree agree with the statement = 165

Number of respondents that they strongly disagree agree with the statement = 741

Part a

Do the responses for this statement provide categorical or quantitative data?

For this case we have quantitative data since we have frequencies per each category.

Part b

Would it make more sense to use averages or percentages as a summary of the responses for this statement?

For this case is better use percentages since we have frequency counts per each category so then not makes sense calculate averages for this case.

Part c

What percentage of respondents strongly agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving?

First we need to calculate the total for the frequencies:

Total = 44+130+165+741= 1080 respondents

For this case we can calculate the percentage like this:

\% Strongly_{agree} = \frac{44}{1080} *100 =4.07\%

Part d

For this case the percentage of people who agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving is just 4.07% and by the other hand the rest of the people correspond to 95.93%.

\frac{1036}{44}=23.55

The people who are NOT strongly agree is about 24 times greater than the peopl who strongly agrees.

So we can say that we don't have a general support for the claim.

8 0
3 years ago
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