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3 years ago

The price of food is rising fast! how might this situation be handled in a…

1 answer:

4 0

A free market economy is when the prices of supply and demand are free from the government. Meaning they can charge whatever they want and the government has to say. So answering your question they can just charge less if they felt like it since they have free reins of the prices.

A command economy is the opposite whereas supply and demand prices are determined by the government and the government only. The government would probably not change the prices because the government sucks.

(A mixed economy is the best way to achieve that)

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g Let D1 represent the demand curve for premium seats to the Broadway hit Hamilton, and let S1 represent the supply curve for th

natali 33 [55]

Answer:

(a) $ 1200

(b) $ 702.5

Explanation:

In the demand and supply curve, the price of goods and services changes with respect to market conditions such as scarcity and consumers' needs. In the problem, if the producers charge about $497.50, the scalper will definitely charge a price higher than that of the producers, in this case, $1200. Thus, this is $702.5 (i.e. $1200 - $497.50) more than the producers' charge.

3 0

3 years ago

Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Tota

gayaneshka [121]

Answer:

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

Explanation:

Seacrest Enterprises

1000 units 5000 Units

Total Cost Total Cost /Unit Total Cost Total Cost/Unit

Direct materials $5,000 $5.00 $25,000 $5.00

Utilities expense $1,000 $1.0 0 $3,750 $0.75

Rent expense $4,000 $4.00 $4,000 $0.80

Direct Materials show variable Costs

Utilities expense show mixed costs

Rent Expense show fixed costs

The correct answer is

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

4 0

3 years ago

The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is

Marina86 [1]

<span>This is a corporation. Corporations usually consist of boards of directors and other groups of people, and can continue to exist even after the founders of the business cease to exist or otherwise leave their founding role.</span>

8 0

3 years ago

______is the satisfaction or value people extract from consumed services or goods and those derived from pursued activities. A.

Mars2501 [29]

Answer:

utility

Explanation:

7 0

3 years ago

Below are several transactions for Meyers Corporation for 2018.

Marta_Voda [28]

Answer:

$6,900

Explanation:

The cash flow statement includes three types of activities which are listed below:

1. Operating activities: This involves all transactions that after net income impact the working capital. It would subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and an increase in current liabilities.

It would adjust those changes in working capital. In addition, the depreciation cost is added to the net income, and the loss of asset sales is reduced, while the profit on asset sales is deducted

It also involve cash receipts and cash payments.

2. Investing activities: It tracks operations that include buying and selling long-term properties. The buying is a cash outflow whereas the sale is a cash inflow

3. Financing activities: It tracks transactions that have an impact on long-term debt and equity balance of shareholders. Share issue is a cash inflow while redemption and dividend are cash outflows.

So, the classification and the amount of cash flows is shown below:

a. Issue common stock for cash, $44,000 = $44,000 = Financing activities

b. Purchase building and land with cash, $29,000 = ($29,000) = Investing activities

c. Provide services to customers on account, $6,400 = Not applicable as this transaction does not involve any cash.

d. Pay utilities on building, $700 = ($700) = Operating activities

e. Collect $4,400 on account from customers = $4,400 = Operating activities

f. Pay employee salaries, $8,400. = ($8,400) = Operating activities

g. Pay dividends to stockholders, $3,400. = ($3,400) = Financing activities

So, the cash flow would be

= $44,000 - $29,000 - $700 + $4,400 - $8,400 - $3,400

= $6,900

7 0

3 years ago