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marusya05 [52]
2 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]2 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 Gorman Group issued $970,000 of 13% bonds on June 30, 2021, for $1,042,973. The bonds were dated on June 30 and mature on Ju
omeli [17]

Answer:

Entries are given below

Explanation:

Cash should be recorded as an asset on the issuance of bonds and bonds should be credited as it is a liability for the company. Interest expense should be debited on a semiannual basis

June 30, 2021 ( issuance of bonds)

                                                          DEBIT          CREDIT

Cash                                                 1,042,973

Bonds payable                                                     970,000

Premium on bonds payable                                 72,973

December 31, 2021 ( interest expense)

                                                            DEBIT          CREDIT

Interest Expense                               62,578

(1,042,973 x 12% x 6/12)

Premium on bonds payable               472    

Cash                                                                          63,050

(970,000 x 13% x 6/12)

June 30, 2022 (interest expense)

                                                           DEBIT            CREDIT

Interest Expense                               62,550

(1,042,973-472) x 12% x 6/12)

Premium on bonds payable               500    

Cash                                                                             63,050

(970,000 x 13% x 6/12)

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The benefits from eating one more bowl of ice cream to how much one more bowl of ice cream costs.
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A firm's financial statements are generally assumed to include its income statement and balance sheet. Which of the following pi
stellarik [79]

Answer: Liabilities

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On the other hand, the income statement shows and entity profitability over a period of time

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_______ requirements describe the dependability of a system such as service outages and incorrect processing.
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<span>Reliability requirements describe the dependability of a system such as service outages and incorrect processing.
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