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Fiesta28 [93]
3 years ago
6

An earthquake destroys a major manufacturing plant that produces sneakers. the manufacturing plant for rubber, a complementary g

ood to sneakers, is unaffected by the earthquake. what is the result?
Business
1 answer:
serg [7]3 years ago
8 0
Well people would be sad but you should be able to get shoes though from other companies. It would cost more money though.
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What is the National Labor Relations Board responsible for?
Alexxandr [17]

The National Labor Relations Board is an independent federal agency created in 1935 by Congress to administer the National Labor Relations Act, the basic law governing relations between labor unions and the employers whose operations influence interstate commerce

6 0
3 years ago
Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.
kobusy [5.1K]

The given statement is false.

A subfield of economics called macroeconomics focuses on aggregate units. It concentrates on factors such as total supply, demand, investment, national income, etc. Macroeconomics examines the overall level of prices.

The units of the individuals are the focus of microeconomics. It focuses on the behavior of various economic agents such as individual customers, companies, or specific markets. Microeconomics examines the level of individual prices.

In order to study the behavior of entire economies, macroeconomics looks at aggregate indicators like the general level of prices, the unemployment rate, and the production of the whole economy. Microeconomics is the study of market behavior.

Hence, the above statement is false.

For more questions related to Macroeconomics and Microeconomics visit the link below:

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4 0
2 years ago
Widden Company, which sells electric razors, had $320,000 of cost of goods sold during the month of June. The company projects a
butalik [34]

Answer:

Part A. The amount of purchases budgeted for July is calculated below:

Amount of purchases = Cost of goods sold + Closing inventory - Opening inventory  

Amount of purchases = ($320,000 x 1.09) + $34,000 - $33,000

Amount of purchases = $348,800 + $34,000 — $33,000

Amount of purchases = $349,800

Therefore, the amount of purchases budgeted for July is $349,800.

Part B. The amount of cash payments budgeted for inventory purchases in July is calculated below:

Amount of cash paid in July = Opening accounts receivable + 75% of purchases in July

Amount of cash paid in July = $37,000 + ($349,800 × 0.75)

Amount of cash paid in July = $37,000 + $262,350

Amount of cash paid in July = $299,350

Therefore, the amount of cash paid in July is $299,350.

8 0
3 years ago
Crispy Fried Chicken bought equipment on January 2​, 2016​, for $ 18 comma 000. The equipment was expected to remain in service
qaws [65]

Answer:

Please check the attached image for the depreciation schedule

2. Units of production method

Explanation:

Book value in year 1 = Cost of asset - Depreciation expense of year 1

Book value in year in subsequent years = previous book value - that year's depreciation expense

Accumulated depreciation is sum of deprecation expense

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($18,000 - $3,000) / 4 = $3,750

Depreciation expense each year of the useful life is $3,750

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Deprecation factor = 2 x (1/useful life) = 0.5

Depreciation expense in year 1 = 0.5 x $18,000 = $9,000

Book value = $18,000 - $9,000 = $9,000

Depreciation expense in year 2 = 0.5 × $9,000 = $4,500

Book value = $9,000 - $4,500 = $4,500

Depreciation expense in year 3 = 0.5 x $4,500 = $2250

Book value = $4,500 - $2250 = $2250

Depreciation expense in year 4 = 0.5 × $2250 = $1125

Depreciation expense using the unit of production method =( Total production in the year/ total productive capacity) × (cost of asset - Salvage value)

Depreciation expense in year 1 = ($18,000 - $3,000) x (300 / 3000) = $1,500

Depreciation expense in year 2 =18,000 - $3,000) x (900 / 3000) = $4,500

Depreciation expense in year 3 = (18,000 - $3,000) x (1200 / 3000) = $6,000

Depreciation expense in year 3 = (18,000 - $3,000) x (600 / 3000) = $3,000

The Units of production method tracks wear and tear accurately because deprecation depends on the production each year.

I hope my answer helps you

6 0
3 years ago
On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the
worty [1.4K]

Answer:

b. $1750

Explanation:

Provided that

Sale of the company = $87,500

Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days

The amount of the sales discount would be

= Sale of the company × discount percentage

= $87,500 × 2%

= $1,750

We simply multiplied the sale of the company with the discount percentage so that the sales discount could come

6 0
3 years ago
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