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pshichka [43]
3 years ago
10

When the current price of an item is greater than the item's market clearing price:_________.

Business
1 answer:
irina1246 [14]3 years ago
4 0

Answer:

<u>C) quantity supplied is greater than the quantity demanded.</u>

<u>Explanation:</u>

We need not be confused, <em>the market-clearing price is referring to the equilibrium price. </em>Thus, if the current price is above the market-clearing price (that is, the price at which quantity demanded equals quantity supplied), it means the <u>quantity supplied</u> is <em>greater</em> than the<u> quantity demanded</u> of the item.

For example, at a price of $1 per orange, there's an equal amount in quantity demanded and quantity supplied of orange. However, the price increases to $2 per orange; which makes the current price of an orange greater than the market-clearing price of $1.

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Gallo Light began operations in 2021. The company sometimes sells used warehouses on an installment basis. In those cases, Gallo
Dvinal [7]

Answer and Explanation:

Before passing the journal entries we need to do following calculations

Particular Current year  Future taxable amounts ($ in 000s)

                        2021 2022      2023         2024  

Accounting

income         $824    

less: Permanent

difference ($34 )    

Temporary difference :      

less: installments

sales         ($570 )    $190       $190        $190  

Taxable

income          $220    

Multiply

Enacted tax rate 25%   25%          30% 30%  

Tax payable

currently      $55

Deferred tax liability        $47.5              $57       $57             $161.50

Less: Beginning balance                         $0

Change in balance : credit (debit )           $161.50

1. Now the journal entry is

On 2021

Income tax expense ($161.50 + $55) $216.50  

                        To  Deferred tax liability $161.50

                         To Income tax payable $55

(Being the income tax for 2021 is recorded)

2. And, the net income is

= Pre accounting income - income tax expense

= $824,000 - $216,500

= $607,500

3 0
3 years ago
a method that business operators can use to maintain a good customer base is to? A respond to customer B ignore customer feedbac
aksik [14]

Answer:

A respond to customer

Explanation:

Responding to customers is a good customer care practice. As business competition increases, the need for excellent customer care increases. Offering quality and prompt services creates loyalty among the customers.  A loyal customer is not likely to purchase from competitors.

When customers feel and believe they are offered excellent services, they will recommend the business to other customers. In due course, the business will have a circle of many loyal customers. Ignoring a customer or over-pricing of goods will make existing and potential customers look for alternatives.

7 0
2 years ago
Motorola's worldwide advertising campaign for cell phones is an attempt to provide a common theme and presentation in all market
larisa86 [58]

Answer: True

Explanation: <u><em>The scenario given in the question is an example of  global advertising campaign.</em></u>

Global advertising can be referred to as advertising on global scale unification or captivating marketable benefit of worldwide operational variances, similarities and chances in order to accomplish global aims. It is also known as a method where similar universal message is functional at a global scale<u><em>.</em></u>

4 0
3 years ago
Which event has the greatest consequences for the child Gail in “Child Waiting”?
dalvyx [7]

Answer:

her parents’ divorce

Explanation:

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7 0
2 years ago
Read 2 more answers
Beatrice invests $1,410 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year per
mixas84 [53]

Answer:

$7.77

Explanation:

The answer would be the difference between compound and simple interest

Simple interest = principal x time x interest

$1,410 x 0.03 x 4 = $169.20

Compound interest = future value - present value

future value = Principal ( 1 + interest)^n

$1,410 ( 1.03)^4 = $1586.96

$1586.96 -$1,410 = $176.97

Difference = $176.97 - $169.20 = $7.77

4 0
2 years ago
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