All categories

4 years ago

When supply is higher than demand, prices will?

Business

2 answers:

balandron [24]4 years ago

5 0

Answer: the prices will have to decrease

Explanation: when supply is higher than demand then the prices will go down so that they will sell more

Lelechka [254]4 years ago

3 0

Answer: Prices will decrease

Explanation: Because of high supply, prices will decrease.

You might be interested in

Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cas

dolphi86 [110]

Answer:

Begining Cash 40,000

receipts from sales 255,000

payment to supplies (104,500)

payment of wages (40,000)

other cash expenses<u> (60,000) </u>

Ending Cash 90,500

Explanation:

raw materials disbursment for the month of september

80,000 x 35% = 28,000 for August purchases

110,000 x 65% = <u> 71,500 </u>for September purchases

Total payment 104,500

the depreciation and accrued expenses along with the interest payable (which are also a accrued expense) will not be included as they don't represent neither a cash inflow nor outflow.

8 0

3 years ago

What is competition policy and what are the roles?

andrey2020 [161]

For example, competition policy includes regulatory reform policy which eases market entry barriers and guarantees equal business opportunities to market participants; injecting market principles into the process of privatization of state-run enterprises; playing the role of competition advocate in order to ensure .

7 0

3 years ago

Last year, Pat spent $10 a day on miscellaneous things like downloading apps, buying music, and eating out. If Pat had invested

katen-ka-za [31]

Answer:

Pat would have $7,180.1 in 10 years

Explanation:

Data provided in the question:

Principal or amount of money deposited, P = $3650

Interest rate = 7%

Time, t = 10 years

for compounded annually, n = 1

Now,

The Future value (A) using compounding is given by the formula as:

$A = P \left( 1 + \frac{r}{n} \right)^{\Large{n \times t}}$

on substituting the respective values, we get

Amount after 10 years = $3650 × (1 + 0.07)¹⁰

Amount after 10 years = $3650 × 1.967151

Amount after 10 years = $7,180.1

Pat would have $7,180.1 in 10 years

8 0

3 years ago

Duerr Company makes a $79,000, 30-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is: (Use 360

Gala2k [10]

Answer:

c. $79,790

Explanation:

The computation of the note and interest collected at maturity date is showb below:

Maturity value = Principal + interest

where,

Principal is $79,000

And, the interest is

= $79,000 ×30 days ÷ 360 days × 12%

= $790

So, the maturity value is

= $79,000 + $790

= $79,790

Hence, the maturity value is $79,790

Therefore the correct option is c.

5 0

3 years ago

Two new rides are being compared by a local amusement park in terms of their annual operating costs. The two rides would generat

Effectus [21]

Answer:

The indifference point is 4,000 visitors.

Explanation:

Giving the following information:

The Tummy Tugger has fixed costs of $10,000 per year and variable costs of $2.50 per visitor. The Head Buzzer has fixed costs of $4000 per year and variable costs of $4 per visitor.

First, we need to determine the cost equation for each option:

Tummy= 10,000 + 2.5X

Head= 4,000 + 4X

X= number of visitors

Now, to determine the indifference point, we need to equal the formulas and isolate X.

10,000 + 2.5X= 4,000 + 4X

6,000= 1.5X

4,000= X

To prove it:

Tummy= 10,000 + 2.5*4,000= $20,000

Head= 4,000 + 4*4,000= $20,000

The indifference point is 4,000 visitors.

4 0

4 years ago