Answer:
The demand curve will shift to the left (reduce)
Explanation:
Shift in demand results from change in other factors affecting demand except for price.
There are wide-spread reports of contacting mad cow disease by consuming beef from Canada. This will result in a general decrease in the quantity of beef demanded (shift in demand to the left). At all prices there will be less demand for Canadian beef.
This is illustrated in the attached diagram.
Answer:
A) Roasters delivers the goods to Speedy
Explanation:
Risk of loss under the law of contracts is used to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. This is normally used after the contract is formed but before buyer receives goods, something bad happens.
- The breaching rule applies risk of loss on the seller if at the time of delivery, the goods show up broken.
- Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations
- For a destination contract, then risk of loss is on the seller
- For a delivery contract, then risk of loss is on the seller
- if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods. If the buyer never takes possession, then the seller still has the risk of loss
Answer:
The answer is given below;
Explanation:
Preferred Stock Dr.$39,000,000
Common Stock Cr.$33,000,000
Paid in capital in excess of par-Common stock (39,000,000-33,000,000) Cr.$6,000,000
As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.
Answer:
$3,260
Explanation:
Preparation of December statement of cash flows for Ernst Consulting
ERNST CONSULTING Income Statement
For Month Ended October 31
REVENUES
Consulting fees earned $17,450
Total revenues $17,450
EXPENSES
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $3,260
($17,450-$14,190)
Therefore December statement of cash flows for Ernst Consulting will be $3,260
The answer is : Producers respond by supplying more bread
When shortage of breads increases, the demand of the product will jump through the roof, which will also increase its price
To gain the maximum profit, the producers will respond by supplying more bread until the shortage is eliminated
