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2 years ago

What happens to the equilibrium price when supply go down

Business

1 answer:

MAVERICK [17]2 years ago

4 0

A
The price goes up because when something’s supply goes down, the price goes up assuming the demand hasn’t changed

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Hercules Workout World gains a client who prepays $ 660 for a package of six physical training sessions. Hercules Workout World

Sergeu [11.5K]

Answer:

Service revenue of $ 440

Explanation:

When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.

As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.

Since $660 was collected for 6 training sessions

Revenue from a training session

= 1/6 × $660

= $110

After 4 training sessions, revenue earned and to be recognized in the income statement

= 4 × $110

= $440

8 0

2 years ago

Our basketball team has finished $80\%$ of its season, during which we won $40\%$ of the games we played. What percent of the re

masya89 [10]

Answer:

90%

Explanation:

Let x be the total number of matches,

Given,

80% of games were finished,

So, the number of finished games = 80% of x = 0.8x

∴ Remained games= x - 0.8x = 0.2x

Now, 40% of 80% of games were won,

So, the winning games in 0.8x matches = 40% of 0.8x

= 0.4 × 0.8x

= 0.32x

In order to finish games with the same number of wins as losses,

Winning percentage in all games must be 50%,

Thus, the total winning games = 50% of x = 0.5x

Let y be the winning percentage in 0.2x games,

So, the total winning games in 0.2x games = $\frac{y\times 0.2x}{100}$

∵ Number of winning matches in 80% games + number of winning matches in 20% = total winning matches

⇒ $0.32x + \frac{0.2xy}{100}= 0.5x$

$\frac{0.2xy}{100}=0.18x$

$0.2y=18$

$\implies y=90$

Hence, the percent of winning the in the remaining games must be 90%.

6 0

3 years ago

A bussiness performs a cost benefit analysis when it

bogdanovich [222]

Answer:

Consider the possible advantages and drawbacks of a decision.

Explanation:

In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Cost-benefit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Generally, to use the cost-benefit analysis, financial experts usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.

3. All the units produced are sold i.e there is no change in inventory quantities during the period.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.

Hence, a business performs a cost benefit analysis when it consider the possible advantages and drawbacks of a decision i.e whether or not it would bring value to the company or create a significant level of impact on the business.

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2 years ago

Quality control charts usually have a central line and upper and lower control limit lines. Which of the following is not a reas

In-s [12.5K]

Answer:

A) A single plot falls above or below the control limits

Explanation:

The whole idea behind quality control is to identify events that need corrective action in the production process. Quality control requires that all units are tested to determine if they meet the standard.

Any unit that falls below or above the control limits must be investigated and retested in order to determine why it occurred and how you can prevent it from occurring again.

4 0

2 years ago

The rate of interest on money held in a savings account, _______ the amount of money saved.

KIM [24]

A. Decreases

Hope it helps!

4 0

2 years ago