1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mnenie [13.5K]
2 years ago
11

If a shortage exists in the market, the invisible hand will manipulate prices to maintain equilibrium by increasing prices and t

hereby reducing future quantity supplied. decreasing prices and thereby increasing future quantity supplied. increasing prices and thereby raising future quantity supplied. decreasing prices and thereby reducing future quantity supplied.

Business
1 answer:
Nata [24]2 years ago
3 0

Answer:

increasing prices and thereby raising future quantity supplied

Explanation:

To understand this question, we can use the help of a standard supply and demand plot.  At price 0 there’s a shortage because the quantity demanded is greater than the quantity supplied. This will generate prices to go up until it reaches the equilibrium price, which in turn will generate quantities to go up. Thus the gap between quantity demanded and supplied, the shortage, will disappear

You might be interested in
The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later
kiruha [24]
Inventory turnover = Cost of goods sold / Average Inventory

Average Inventory = (Beginning Inventory + Ending Inventory) / 2
                              = ($20,000 + $40,000) / 2
                              = $30,000

Inventory turnover = $360,000 / $30,000
                              = 12 times.
3 0
3 years ago
Many customers have expressed a preference for local produce in season. Andy and Scott form partnerships with local farmers to e
FinnZ [79.3K]
The answer is a clout
3 0
3 years ago
What is socio economic issues?
VladimirAG [237]
The social science that studies how economic<span> activity affects and is shaped by social processes. </span>
3 0
2 years ago
Read 2 more answers
Yoshi operates a shoe store as a sole proprietorship. However, he is in poor health and may be unable to continue running the bu
Shalnov [3]

Answer:

A. ceases to exist unless sold or taken over by Yoshi's heirs. 

Explanation:

A sole proprietorship is a from of business which is owned by one person. The owner is usually the decision maker.

One of the disadvantages of sole proprietorship is lack of continuity. The business usually ends when the owner dies. Although , family members can take over running the business.

I hope my answer helps you.

6 0
2 years ago
The 2021 income statement of Adrian Express reports sales of $20,710,000, cost of goods sold of $12,600,000, and net income of $
Verizon [17]

Answer:

Adrian Express

1. Five Profitability Ratios:

Gross profit ratio: = 39.2%

Return on assets = 20%

Profit margin = 9.6%

Asset turnover = 2.1 times

Return on equity = 37.4%

2. I think the company is:

Less profitable

than the industry average.

Explanation:

a) Data and Calculations:

Sales Revenue        $20,710,000

Cost of goods sold $12,600,000

Gross profit                $8,110,000

Net income               $1,980,000

ADRIAN EXPRESS

Balance Sheets

December 31, 2021 and 2020

                                                                          2021                  2020

Assets

Current assets:

Cash                                                              $840,000            $930,000

Accounts receivable                                     1,775,000            1,205,000

Inventory                                                      2,245,000            1,675,000

Current assets                                          $4,860,000          $3,810,000

Long-term assets                                        5,040,000            4,410,000

Total assets                                             $ 9,900,000         $8,220,000

Liabilities and Stockholders' Equity

Current liabilities                                     $ 2,074,000          $1,844,000

Long-term liabilities                                   2,526,000           2,584,000

Common stock                                          2,075,000           2,005,000

Retained earnings                                    3,225,000             1,787,000

Total Equity                                               5,300,000           3,792,000

Total liabilities & stockholders' equity   $9,900,000         $8,220,000

Industry averages for the following profitability ratios are as follows:

Gross profit ratio 45 %

Return on assets 25 %

Profit margin 15 %

Asset turnover 8.5 times

Return on equity 35 %

Gross profit ratio: = Gross profit/Sales * 100

= $8,110,000/$20,710,000 * 100

= 39.2%

Return on assets = Net income/Assets * 100

= $1,980,000/$9,900,000 * 100

= 20%

Profit margin = Net Income/Sales * 100

= $1,980,000/$20,710,000 * 100

= 9.6%

Asset turnover = Sales/Total Assets

= $20,710,000/$9,900,000 = 2.1 times

Return on equity = Net Income/Total Equity * 100

= $1,980,000/$5,300,000 * 100

= 37.4%

6 0
3 years ago
Other questions:
  • Effect of junk status on unemployment
    15·1 answer
  • A six-year Finance Lease entered into on December 31 of the current year specified equal annual lease payments due on December 3
    6·1 answer
  • Skullcandy makes headphones. For 2016 it plans to offer a new product line of wireless headsets to the marketplace. It planned o
    15·1 answer
  • Under the _____, people who enter the military for a total of five years can return to their private-sector jobs without risk of
    5·1 answer
  • ​Vasco's utility function​ is: Upper U equals 10 Upper X squared Upper ZU = 10X2Z The price of X is px​ = ​$55​, the price of Z
    11·1 answer
  • a system of accounting for production operations that produces timely information about inventories and manufactyring cost per u
    15·1 answer
  • All of the following are key characteristics of a monopolistically competitive industry except A. a differentiated product. B. a
    15·1 answer
  • A manager who always achieves the tasks given to him or her, uses verbal putdowns and poor performance evaluations to motivate e
    14·1 answer
  • How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufac
    10·1 answer
  • The NASDAQ is a floor-based exchange.<br><br><br> t or f
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!