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AleksandrR [38]
3 years ago
13

How would a decrease in the price of the feed grains used to feed cattle affect the market for beef? a. The demand for beef woul

d decrease, decreasing beef prices. b. The supply of beef would decrease, increasing beef prices. c. The demand for beef would increase, increasing beef prices. d. The supply of beef would increase, decreasing beef prices.
Business
1 answer:
denis23 [38]3 years ago
5 0

Answer: The supply of beef would increase, decreasing beef prices.

Explanation: if there is a decrease in the price of the feed grains used to feed cattle, it would leads to an increase in the supply of beef in the market and consequently decrease the price of beef in the market. It would result to an increase in the supply of beef because the cattle rearers would have enough feeds for the cattle which will make them grow faster.

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On December 1, Macy Company sold merchandise with a selling price of $9,000 on account to Mrs. Jorgensen, with terms 4/10, n/30.
Marysya12 [62]

Answer:

B) Debit Sales Revenue for $7,968, debit Sales Discounts for $332, and credit Accounts Receivable for $8,300.

Explanation:

The journal entry is shown below:

Cash A/c Dr                   $7,968

Sales Discount A/c Dr $332

     To  Accounts receivable    $8,300

(Being cash received recorded)

The computation of the account receivable  

= Credit sales - returned goods

= $9,000 - $700

= $8,300

And, the discount would be

= Accounts receivable × percentage given

= $8,300 × 4%

= $332

The remaining amount would be credited to the cash account.

8 0
2 years ago
Ultimate Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each
andre [41]

Answer:

Direct labor rate variance= $594 unfavorable

Explanation:

Giving the following information:

The standard direct labor cost per hour is $7.20.

During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 48,078/6,600= $7.29

Direct labor rate variance= (7.20 - 7.29)*6,600

Direct labor rate variance= $594 unfavorable

6 0
3 years ago
Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. An
Arisa [49]

Answer:

$2 per-unit cost of production

Explanation:

since 20 units are produced and 10 units of input are used so,

divide 20/ 10 to get per unit cost of production.

        20/10 = $2

6 0
3 years ago
Green Grocer and Futurity Farms enter into an agreement whereby Futurity will supply Green Grocer with 200 dozen eggs every two
MatroZZZ [7]

Answer: a, provides 30 days' notice to futurist of its desire to terminate.

Explanation: for an appointment to be terminated, there would a notice prior that termination, you can't just terminate an appointment without a 30days notice.

6 0
3 years ago
An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. when will the pol
ExtremeBDS [4]
If the insurer takes the policy as applied for the coverage will take effect when the conditions of the receipt are met and from the date of the application or medical exam. The two types of conditional receipts are insurability and approval. The insurability receipt provides interim coverage as the applicant is insurable while the approval receipt will not begin until the insurer will approve the claim. However, conditional receipts will provide the coverage if the applicant is insurable as applied for and coverage will not be delivered until the applicant accepts the coverage if the insurer concerns a counter-offer because the applicant is substandard risk. 
4 0
2 years ago
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