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marusya05 [52]
3 years ago
11

Assume that the market for barley is in equilibrium and the demand for barley is inelastic. Predict what happens to the revenue

of barley farmers if a prolonged drought reduces the supply of barley. The drought will cause farm revenue to
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

Farm revenue will rise due to due to percentage increase in price and percentage decrease in the quantity.

Explanation:

As given in the inquiry the market for barley is in harmony and the interest for grain is inelastic which implies the interest is consistent likewise If the dry season decreases the inventory of amount, the cost will increase.  

In such situation the <u>drought will make the ranch income rise</u> in light of the fact that the rate decline the amount sold is less that the rate increment in cost.

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The distinction between a normal and an inferior good is A. when income​ increases, demand for a normal good increases while dem
alexdok [17]

Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

8 0
3 years ago
The ____ act criminalized securities fraud and stiffened penalties for corporate fraud.
Arte-miy333 [17]
I believe this is the Sarbanes Oxley act
3 0
3 years ago
During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f
malfutka [58]

Answer:

Explanation:

journal entries in the books of AXE

jan 6   purchased goods from Green worth $1200 term 2/10 , n/30

                                      Inventory a/c $1200

                               Accounts Payable - green $1200

jan 6    purchased goods from munoz worth $900

                                                          inventory a/c$900

                                         Accounts Payable - munoz $900

jan 14   Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)

                                       Accounts payable - green $1200

                                                                         Cash                  $1,176

                                                         discount recieved              $    24

( being discount recieved [email protected]% = $24)

Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved

                          Accounts payable- munoz $900

                                                      Cash                $900

feb 28                  purchased goods worth $350 from reynold

                                                   Inventory $350

                                                          Accounts payable - reynold $350

5 0
3 years ago
Short Company purchased land by paying $15,000 cash on the purchase date and agreed to pay $15,000 for each of the next ten year
gogolik [260]

Answer:

Option D is the correct answer,$ 88,338.48  

Explanation:

The liability reported in the balance sheet can be computed by using the pv formula in excel which is stated thus:

=-pv(rate,nper,pmt,fv)

rate is the incremental borrowing rate of 11% per year

nper is the number of payments required to settle the obligation which is 10

pmt is the amount of yearly payment in order to fully settle the debt owed which is $15,000 per year

fv is the future worth of total payments which is not unknown,hence taken as zero

=-pv(11%,10,15000,0)=$ 88,338.48  

The correct answer is $ 88,338.48  

3 0
3 years ago
The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as t
kiruha [24]

Answer:

The three main pillar of sustainability

Explanation:

Sustainability is fulfilling the present needs without compromising the needs of the future generation.

The three main pillars of sustainability include economic, environmental and social.

Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.

Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment

Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.

3 0
3 years ago
Read 2 more answers
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