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3 years ago

If supply for a product is high but demand is low, what most likely needs to happen to achieve equilibrium?

2 answers:

7 0

<span>If supply for a product is high but demand is low, the one that most likely needs to happen to achieve equilibrium is: B. The price of the product must go down. High supply of product will create an abundance in the market. By lowering the price of the product, it will attract more consumers for that product (icnreasing its demand) and will eventually lower the product abundance and bring the curve into equilibrium</span>

liubo4ka [24]3 years ago

3 0

The Correct Answer is The supply needs to be raised I got the answer wrong when I chose "B" like the one above states is the correct answer but its actually "C"

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The Ziltech Consulting Group reported net income of $1,000,000 for its fiscal year ended December 31, 2021. In addition, during

grigory [225]

Answer:

$1,240,000

Explanation:

Given that,

Net income = $1,000,000

Pretax foreign currency translation adjustment = $400,000

Unrealized pretax loss on debt securities = $80,000

Effective tax rate = 25%

Total other comprehensive income:

= Foreign currency translation adjustment - Loss on debt securities

= [$400,000 × (1 - 25%)] - [$80,000 × (1 - 25%)]

= ($400,000 × 0.75) - ($80,000 × 0.75)

= $300,000 - $60,000

= $240,000

Comprehensive income:

= Net income + Total other comprehensive income

= $1,000,000 + $240,000

= $1,240,000

7 0

3 years ago

Havermill Co. establishes a $270 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

stiv31 [10]

Answer:

Hi there!

C. Debit Miscellaneous Expense $270; credit Cash $270.

Explanation:

At the time of the reimbursement from the petty cash, the vouchers for the money used are presented and these must be charged to the different expenses incurred.

In October 1, the journal entry for the petty cash increase of $54 will be:

Debit Petty Cash $54; credit cash $54.

8 0

2 years ago

Financial ratios that reflect the degree to which a firm relies on borrowed funds are called ________ ratios. leverage liquidity

Vanyuwa [196]

Leverage would be your answer.

3 0

3 years ago

the starting point for preparing the operating activities section using the indirect method is ______.

insens350 [35]

Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.

Net income is simply known to be the gross profit and removing all other expenses, costs and any other income and revenue sources that are not included in gross income.

A lot of other costs is often removed from gross to make it be at net income. They include interest on debt, taxes, and operating expenses or overhead costs.

Learn more from

brainly.com/question/19850768

3 0

2 years ago

A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $80 per tire, paya

Serhud [2]

Answer:

$-573.54

Explanation:

Present value is the sum of discounted cash flows.

Present value can be found using a financial calculator.

For the first supplier

Cash flow in year zero = 0

Cash flow in year 1 = $80 x 600 = $48,000

I = 8.1%

Present value = $44,403.33

For the second supplier,

Cash flow in year zero = $20,000

Cash flow in year one = $45 × 600 = $27,000

I = 8.1%

Present value =$44,976.87

Difference = $44,403.33 -44,976.87 = $-573.54

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0

3 years ago