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Anni [7]
3 years ago
11

Using a change in supply and/or demand, explain the following phenomena: a. All else constant, gasoline prices are higher in sum

mer than winter months. b. At the same time that the quality of personal computers has been increasing, the price of personal computers has been falling.
Business
1 answer:
erastovalidia [21]3 years ago
7 0

Answer:

Market Equilibrium is where : Market Demand = Market Supply . Any change in either of these changes the Equilibrium , Eqlbrm price & quantity.  

Since , both the above shifts are linked to 'Change in Demand' , highlightig it  undermentioned:  

Demand : Quantity buyers are able & willing to buy , is affected by Factors - Price , Other Factors [Other Goods price , Income , Taste & preferences ] , Misclaneous (eg - seasonal factors) . Price makes change within the demand curve , other factors change (shift) the demand curve

a) Gasoline used to fuel vehicle combustion engines : faces more usage & demand in summers (seasonal factors) because of  higher air conditioner use . This increase in demand (demand curve rightward shift) and excess demand creates competition among buyers & increases price .

b) Personal Computers : have been facing taste changes against them because of convenience associated with portable laptops . This leads to decrease in demand (demand curve leftward shift ) and excess supply creates competition among sellers & reduces price.

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If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then :______
Lapatulllka [165]

Answer:

c. supply will decrease.

Explanation:

If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then supply will decrease.

Generally, when consumers of a particular product notices that the product has an adverse effect on the environment (pollution) or it is a product that causes environmental degradation, they are most likely to stop demanding or buying such products. Consequently, as the demand for such goods falls or decreases; there would be a fall in the supply of such goods. This is so because the demand for goods and services is directly proportional to the amount of quantity supplied.

8 0
3 years ago
A partnership is a form of corporation.<br> True or False?
Oksanka [162]
No, the answer is False
6 0
3 years ago
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $
ladessa [460]

Answer:

Annual maintenance on its equipment = Expensed

Remodelling of offices = Capitalised and depreciated.

Rearrangement of the shipping and receiving area = Capitalised and depreciated.

Addition of a security system = Capitalised and depreciated.

Explanation:

Annual maintenance on its equipment = $5,400  ( This is a normal maintenance bill and can be entirely expensed in the year it occurs.)

Remodelling of offices = $22,000 ( This is a part of the transformation process and should be capitalised and depreciated accordingly.)

Rearrangement of the shipping and receiving area = $35,000 (Since this is a reorganisation that would increase efficiency, it should be capitalised and depreciated.)

Addition of a security system = $25,000 ( Since this is an addition of asset, it should be capitalised and depreciated.)

3 0
3 years ago
Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a
KiRa [710]

Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000  + $22,000 + $10,000

Cost of performing engine repair work = $205,000

Direct Labor Hours = Direct Labor/Direct Labor rate

Direct Labor Hours = 500,000/$20 per hour

Direct Labor Hours = 25,000 hours

Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

5 0
3 years ago
Mapleview Inc. has the following budgeted sales:
Irina18 [472]

Answer:

Total cash= $265,000

Explanation:

Giving the following information:

Sales:

July $200,000

August $300,000

September $250,000.

40% of the sales are for cash, and 60 percent are on credit. For the credit sales, 50 percent are collected in the month of sale and 50 percent the next month.

We need to determine the cash collection for September:

Cash collection:

Sales in cash September= 250,000*0.4= 100,000

Sales on account September= (250,000*0.6)*0.5= 75,000

Sales on account August= (300,000*0.6)*.5= 90,000

Total cash= $265,000

7 0
3 years ago
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