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Travka [436]
2 years ago
11

If automobile producers expect prices of automobiles to increase in the near future, what happens to supply today?

Business
1 answer:
Elanso [62]2 years ago
3 0

Answer:

It will increase

Explanation:

This is due to the "law of supply". It says that whenever the prices increase, the supply will increase, because if the prices are higher, they can win more money as they sell their goods (cars in this case) and this encourages the supply to produce more and place more quantity into the market.

In other words, just follow one of the basic laws in economics, the law of supply, which says "whenever the prices rise, the quantity supplied will also rise, ceteris paribus". By the way, ceteris paribus is latin for "all other things equal" and it means that all other factors remain unchanged (the same).

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Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepa
Naddik [55]

Answer and Explanation:

The type of adjustment and the status of accounts before the adjustment is shown below:-

          Type of adjustment         Accounts before adjustment

(a)        Accrued revenues               Assets understated

                                                          Revenues understated

(b)        Prepaid expenses              Assets overstated

                                                        Expenses understated

(c)         Accrued expenses            Expenses understated

                                                        Liabilities overstated

(d)         Unearned revenues         Revenues understated

                                                        Liabilities overstated

(e)         Accrued expenses            Expenses understated

                                                        Liabilities understated

(f)        Prepaid expenses              Assets overstated

                                                        Expenses understated

8 0
1 year ago
Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve
Tju [1.3M]

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

Solution

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0:There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

4 0
1 year ago
Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
Katyanochek1 [597]

Answer: The Owner’s Equity ending balance is $15,730.

Explanation: In order to calculate the ending owner’s equity you need to identify the capital, revenue and expense accounts.

The Owner’s Equity is $12,940 and withdrawals are $790.

Revenue (Fees Earned) is $9,250.

Expenses equal 2,500 + 1,960 + 775 + 250 + 185 = $5,670.

Now that we have identified the each of the three categories, we will use the owner’s equity equation.

Owner’s Equity = Capital - Drawing + Revenues - Expenses

Owner’s Equity = $12,940 - 790 + 9,250 - 5,670

Owner’s Equity = $15,730

8 0
1 year ago
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dem82 [27]
The answer is a problem based off the question
7 0
1 year ago
Which statement best describes the relative risk of two types of investment?
Alex17521 [72]
Your answer is c stocks are riskier then savings accounts,
7 0
1 year ago
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