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
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.

You might be interested in
You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w
son4ous [18]

Answer:

The present value of your windfall if the appropriate discount rate is 10 percent is $5,562

Explanation:

Amount of Prize = $3,000,000

number of year = 66 years

Discount Rate = 10%

use following formula to calculate the Present value of Lottery prize

Present Value = Future value / ( 1 + discount rate )^number of years

PV = FV / ( 1 + r )^n

PV = $3,000,000 / ( 1 + 0.10 )^66

PV = $3,000,000 x ( 1 + 0.10 )^-66

PV = $3,000,000 x ( 1.10 )^-66

PV = $5,561.65

PV = $5,562

8 0
3 years ago
Sells Company accounts for its investment in OFO, Inc. under the available-for-sale method. How should Sells Company record a ca
ohaa [14]

Answer:

the journal entry should be:

Dr Cash X

    Cr Dividend revenue X

When a company holds securities as an investment and classifies them as available for sale (AFS), any dividends received will be recorded as revenue.

Dividend revenue is reported in the income statement.

7 0
3 years ago
You got asked to analyze a 5 year project for your firm. The project produces an annual revenue of $28,500, but requires an annu
hram777 [196]

Answer:

15,300

72.70%

Explanation:

After tax cash flow = (revenue - cost - depreciation) (1 - tax rate) + depreciation

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($20,000 - $5,000) / 5 = $3,000

($28,500 - $5,000 - $3000) x (1 - 0.4) + $3000 = $15,300

Terminal year cash flow = after tax cash flow + salvage value

$15,300 + $5,000 = $20,300

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $20,000.

Cash flow in year 1 - 4= $15,300

Cash flow in year 5 = $20,300

IRR = 72.70%

To find the IRR using a financial calculator:

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 IRR button and then press the compute button.  

8 0
3 years ago
Describe Reid Hoffman the founder and creator Linkedln?
CaHeK987 [17]

Answer:

Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.

5 0
3 years ago
The ledger of Marin Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.
Amanda [17]

Answer:

Explanation:

The adjusting entries are shown below:

1. Prepaid insurance expense A/c Dr $280

            To Prepaid insurance A/c                    $280

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $3,005 ($3,970 - $965)

         To Supplies A/c                       $3,005

(Being supplies adjusted)

3. Depreciation Expense A/c Dr $190

          To Accumulated depreciation     $190

(Being depreciation expense is adjusted)

4. Unearned service revenue A/c Dr $4,680  ($11,700 × 2 ÷ 5)

           To  service revenue                                $4,680

(Being unearned service is adjusted)

4 0
3 years ago
Other questions:
  • You first look at the trial balance. In addition to the account balances reported in the income statement, the ledger contains t
    15·1 answer
  • If you take out a loan, which two things do your loan payments go toward?
    7·2 answers
  • You need a microwave. ABT in Chicago has one for sale, $250 marked down to 199.
    9·1 answer
  • The Federal Reserve's organization:
    5·1 answer
  • Have Americans always shared the same social and economic goals throughout history?
    13·1 answer
  • Gaulle Company began the year with a balance of $6,000 in Accounts Receivable and ended the year with $9,000 in the account. Rev
    6·1 answer
  • NewCorp has net income of $360. The firm pays out 35 percent of the net income to its shareholders as dividends. During the year
    9·1 answer
  • Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some
    14·1 answer
  • Hamasaki Company owns 30% of CDW Corp. stock and has significant influence. Hamasaki received $6,500 in cash dividends from its
    11·1 answer
  • Why do many people have a fraught relationship with money?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!