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3 years ago

Explain one impact on business of rising interest rates

1 answer:

8 0

The rising interest rates make it harder to start concrete businesses (worse loans) so an impact would be online businesses gaining popularity.

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If a firm's marginal costs _____ then its _____. Group of answer choices rise; output increases fall; best-response curve shifts

ziro4ka [17]

If a firm's marginal costs fall, then its price falls.

This is based on the principle that if the marginal cost of a product or firm rises, that implies that the firm is operating at a high fixed cost, thereby leading to an increase in the cost of production, which generally equates to products having a high price.

On the other hand, where there is low marginal cost, production costs reduce because the products are being produced at a lower fixed cost. Thereby leading to lower prices.

Hence, in this case, it is concluded that "If a firm's marginal costs fall, then its price falls."

Learn more here: brainly.com/question/10474336

7 0

2 years ago

These financial statement items are for Snyder Corporation at year-end, July 31, 2017. Salaries and wages payable $2,580 Salarie

tatiyna

Answer:

Net loss = (6,700)

Explanation:

According to the scenario, computation of the given data are as follow:-

Income Statement

Particular Amount ($)

Revenue from Service 62,100

Revenue from Rent 8,500

Less-Salaries and wages expenses (50,700)

Less-Utilities expenses (22,600)

Less-Depreciation expenses (4,000)

Net loss (6,700)

6 0

3 years ago

The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

AleksAgata [21]

Answer:

Explanation:

Provide music lessons to students for 10,500 cash.

Dr Cash 10,500

Cr Sales 10,500

Being cash sales made

Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash.

Dr Prepaid Insurance account 4,000

Cr Cash 4,000

Being payment for the prepaid insurance

Purchase musical equipment for $17,000 cash.

Dr Equipment (asset) account 17,000

CR Cash 17,000

Being purchase of equipment

Obtain a loan from a bank by signing a note for $39,000.

Dr Cash 39,000

Cr Loan note (liability) 39,000

8 0

4 years ago

Which of the following refers to a set of rights to control a tangible or intangible thing?

Lyrx [107]

Answer:

a) Property

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of tangible and intangible resources and how these resources are to be used, whether by individuals or government.

Basically, properties can either be owned by the government, an individual or business entity. Some examples of a property include cars, land, houses, machines, books, inventions, mobile phones, ideas, birds, etc.

Hence, property rights refers to a set of rights to control a tangible or intangible thing.

6 0

3 years ago

Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been

docker41 [41]

Answer:

Date General Journal Debit ($) Credit ($)

July 31 Fees Earned 520,400

Wages Expense 488,000

Rent Expense 65,000

Supplies Expense 11,200

Miscellaneous Expense 13,900

Marlena Fenton, Capital (57,700)

(To close Revenue and Expense accounts)

July 31 Marlena Fenton, Capital 11,000

Marlena Fenton, Drawing 11,000

Explanation:

Marlena Fenton, Capital = $880,000

Marlena Fenton, Drawing = $11,000

Fees Earned = $520,400

Wages Expense = $488,000

Rent Expense = $65,000

Supplies Expense = $11,200

Miscellaneous Expense = $13,900

Marlena Fenton, Capital = $520,400 -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)

7 0

3 years ago