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Anastasy [175]
3 years ago
13

Latisha likes apple juice and orange juice equally well, however she normally drinks orange juice with her breakfast each day. A

pple juice is packaged in bottles and orange juice is packaged in cartons. There is a freeze that destroys half of the orange crop this season. Explain the impact of the freeze on the markets for orange juice, apple juice, bottles, and cartons. For each market, make sure you include the following in your answer: Supply or Demand Shift Equilibrium Price and Quantity Change The reason for the change
Business
1 answer:
horsena [70]3 years ago
5 0

Answer:

The market for orange juice- decline in supply, leftward shift in supply curve, increase in price, fall in quantity, due to reduction in supply of input and increase in input price.

The market for apple juice- increase in demand, rightward shift in demand curve, increase in price and quantity, because it's a substitute for orange juice.

The market for bottles- increase in demand, rightward shift in demand curve, increase in price and quantity, because of increase in demand for apple juice.

The market for cartons- decline in demand, leftward shift in demand curve, fall in price and quantity, because of reduction in quantity of orange juice.

Explanation:

In case half of the crop of oranges is destroyed, the supply of oranges will decline, shifting the supply curve to the left. The price of oranges will increase. Oranges serve as input for orange juice. So the supply of orange juice will be reduced as well. This will lead to leftward shift in the supply curve, further leading to a increase in price and reduction in quantity.

Latisha likes apple juice equally as orange juice. This indicates that both are substitutes. So when price of orange juice people will prefer apple juice. The demand for apple juice will increase moving the demand curve to the right. As a result, the price and quantity will increase.

Since apple juice is packed in bottles, with increase in quantity of apple juice, the demand for bottles will also increase. This will shift the demand curve to the right increasing the price and quantity.

Cartons are used to pack orange juice. So when quantity of orange juice falls, the demand for cartons also gets reduced. There will be a leftward shift in the demand curve. This will lead to fall in price and quantity.

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Oliga [24]

Answer:

True

Explanation:

Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.

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2 years ago
Income Statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March fo
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Answer:

Total Expense:      $ 347,000

Income:    $ 135,000

Explanation:

<u><em>Income Statement Imaging Services </em></u>

<u><em>For the Month Ended March 31, 2018</em></u>

Fees earned                                                                          $482,000

Wages expense                                      $ 300,000

Rent expense                                                $41,500

Supplies expense                                           $3,600

Miscellaneous expense                                   $1,900          

Total Expenses                                                                         $ 347,000

Income                                                                                       $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.

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NeTakaya

Answer:

B. Joint Stock Company

Explanation:

A few information provided in the question give good clues to the kind of business organisation being run. First, it is a business held in the names of its members, secondly, they are shareholders and thirdly, they hold personal liabilities in the business. This are features of a Joint Stock Company

A Joint Stock company is a business organisation is a vouluntary association of persons, where the capital is divided into transferable shares and these are the basis and condition of membership of the business organisation. The purpose of this organisation is primarily profit making.

A key feature of a Joint Stock Company is also featured in the question and this is the personal liability or liability limited to the member's share or ownership in the business organisation

Although this can be confused with the Joint Venture, a joint venture is simply an agreement betwen two organisations to come together to carry on business with pre-agreed rate of shareholding.

A Syndicate on the other hand is a group of companies, individuals or coroporations self-organised to carry out a specific business or pursue a shared interest.

Finally, a business trust is one in which there are investors and trustees. The investors receive certificates of beneficial interests which are transferable while the trustees adminster the business on behalf of the investors.

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Dana is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignme
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<h3>What is mortgage loan?</h3>

A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.

The main difference between the loan and mortgage loan is-

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To know more about the mortgage, here

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Answer: $57,600

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