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tigry1 [53]
3 years ago
12

How do changing prices affect supply and demand

Business
1 answer:
DaniilM [7]3 years ago
8 0

Answer:

If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.

Explanation:

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Hart Attorney at Law experienced the follwoing transactions in 2016, the first year of operations:
Korolek [52]

Answer:

I used an excel spreadsheet since there is not enough room here.              

Explanation:

Download pdf
6 0
3 years ago
Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0
2 years ago
Which of the following statements would need to be documented in a report? a. Damaging winds, common in strong tornadoes, caused
trasher [3.6K]

Answer:

The answer is letter C.

Explanation:

The statement that would need to be documented in a report is The Fujita-Pearson tornado scale rates tornadoes with wind speeds of 261 to 318 miles per hour as F5 storms.

3 0
3 years ago
Explain how the Federal Reserve Board can increase or decrease the money supply using each of the following tools: reserve requi
Alex17521 [72]

Answer:

Reserve requirements – Reserve requirement increases to decrease the money supply or vice versa.

Open-market activities – the Fed sell the securities to reduce money supply or purchase it to increase the money supply.

Discount rates – Decrease the discount rate to increase the money supply or vice versa.

Explanation:

The Federal Reserve increases or decreases the money supply by using various tools. So in the case of the reserve requirement, the bank increases the percentage of reserve requirement if the Fed wants to decrease the money supply and to increase the money supply it reduces the reserve requirements. In the case of open market operations, the Fed sells securities and bonds in the market in order to reduce the supply of money or to decrease the supply of money it buys the securities from the market.

In the case of a discount rate, the Fed reduces the discount rate to increase the money supply because reducing the discount rate will induce the banks to give more loans. But to decrease the money supply, the Fed increases the discount rate because an increase in the discount rate reduces the ability of banks to give loans.

6 0
2 years ago
Sandler Industries manufactures plastic bottles for the food industry. On average, Sandler pays $70 per ton for its plastics. Sa
Oksi-84 [34.3K]

Based on the amount of drool generated, the cost of the plastics, and the disposal cost, the annual cost of the machine drool is<u> $289,560.</u>

<h3>What is the annual cost of the machine drool?</h3>

This can be found as:

= Material cost of machine drool - Disposal cost

Material cost = (Machine drool generated per month x Number of months in year x Cost of each ton of drool)

Disposal cost = (Machine drool generated per month x Number of months x disposal charge)

Solving gives:

= (190 x 12 x 70) + (190 x 12 x 57)

= 159,600 + 129,960

= $289,560

Find out more on annual cost of waste at brainly.com/question/10910406.

3 0
2 years ago
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