All categories

3 years ago

An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes.

1 answer:

6 0

An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True

You might be interested in

Accounts that are increased with a debit include A : revenue. B : assets. C : equity. D : liability.

Akimi4 [234]

Answer:

B : assets.

Explanation:

As we know that

The debit side records the expenses, assets, and losses plus there is always a debit balance. If there is an increase in these above accounts than it also contains a debit balance

While the credit side records the revenues, gains, liabilities, and the stockholder equity. If there is an increase in these above accounts than it also contains a credit balance

3 0

2 years ago

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

laiz [17]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales in Units

April 54,000

May 75,000

June 94,000

July 82,000

Desired ending inventory= 20% of the following month’s sales.

The inventory at the end of March was 10,800 units.

To calculate the production for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

April:

Sales= 54,000

Ending inventory= 75,000*0.2= 15,000

Beginning inventory= (10,800)

Total= 58,200 units

May:

Sales= 75,000

Ending inventory= 94,000*0.2= 18,800

Beginning inventory= (15,000)

Total= 78,800 units

June:

Sales= 94,000

Ending inventory= 82,000*0.2= 16,400

Beginning inventory= (18,800)

Total= 91,600 units

Total for the quarter= 228,600 units

4 0

3 years ago

Suppose that you go to a bank at which you have no account, give the bank cash, and in return obtain a check drawn against that

igomit [66]

Answer:

Cashier's check.

Explanation:

These checks are said to be quaranteed and issued in the bank by the banking institute. It contains the name of the receiver receipiant which has been inscribed in the check by the banking institute or credit union attached to the receiver also with the amount of money written on it. This amount written on it is known to be the withdrawable amount.

The cashier's check can be sent out in form of a letter, fax or even a mail to the intended persons or organisation making the withdrawal.

Here, monies which are been orders are easily secured by use of a cashier’s checks.

3 0

3 years ago

The financial statements of Trenton Office Supply include the following items: 2019 2018 Cash $ 46 comma 500 $ 43 comma 000 Sho

Juli2301 [7.4K]

Answer:

1.21

Explanation:

Current Ratio = Current Asset / Current Liabilities

= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities

= ( 46500 + 34000 + 102000 + 129000) / 257000

= 1.21

7 0

2 years ago

Read 2 more answers

What type of hazard could occur by wearing jewelry while preparing food

lbvjy [14]

Answer:

it can fall into the food

3 0

2 years ago