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gregori [183]
3 years ago
12

n​ 2007, an unseasonably dry spring led to a sharp decline in the quantity harvested of black​ morels, a wild mushroom found thr

oughout the upper Midwest. Due to the scant​ harvest, the price of black morels rose from​ $9 per pound to nearly​ $45 per pound. In​ 2008, slightly aboveminusnormal rainfall levels led to a large black morel harvest. Assuming that the demand for black morels did not change from 2007 to​ 2008, we would expect the 2008 black morel supply to​ ________ and the equilibrium price of black morels to​
Business
1 answer:
Alexeev081 [22]3 years ago
4 0

Answer:

Increase; fall

Explanation:

Due to the slightly above normal rainfall levels which led to a large black morel harvest, <em>the supply of the commodity will increase</em>.

However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, <em>the equilibrium price is expected to fall</em> as supply exceeds demand.

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Jane Spring maintained this record of vehicle expenses for last year: gas, $845.96; oil, lube, miscellaneous, $68.85; insurance,
allochka39001 [22]

Answer:

Depreciation: $4,000.00

Variable costs : $914.81  

Explanation:

The value of the car when new = $19,860.00

Values after two years =$11,860.00

Accumulated depreciation for two years

= $19,860.00 - $11,860.00

=$8,000.00

Assuming straight depreciation method, depreciation each of the two years

=$8,000.00/2

=$4,000.00

Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.

Variable costs =  $845.96 +  $68.85

Variable costs =  $914.81    

 

7 0
3 years ago
Read 2 more answers
Use the following information to determine this company's cash flows from financing activities.
stira [4]

Answer:

The answer is ($183,000)

Explanation:

This section deals with cash flows used to fund(e.g borrowing and repayment of loans) the business

Statement of cash flow(Partial)

Issued common stock for cash----------------------------------------------------------$74,000

Paid cash dividend-------------- ($13,000)

Paid cash to settle a note payable -----------------------------------------------($125,000)

Paid cash to acquire its treasury stock----------------------------------------($119,000)

Net cash flow from financing activities-----------------------------------------($183,000)

6 0
3 years ago
The imitation based account's primary weakness is that
Kaylis [27]
The primary weakness of the imitation account is that it does not account for generatively. 
Imitation based account of belief transmission more focus on the formation of belief because of the voluntariness of imitation and the non-voluntariness of belief formation. Imitation is powerful learning mechanism.
3 0
3 years ago
What is the first thing you should consider when thinking about building an international information system? the state of world
drek231 [11]

Answer:

Consider the global environment where your business will operate, and identify the business drivers for your firm and industry

Explanation:

International information system refers to basic set of information system that an organization need, in order to leverage on global trade and other businesses. The firm must also take note of the cultural factor like social norms, affecting the system.

When a company is building an international information system, it must consider the global environment, business management and processes, the platform on which the business would base its technology and its corporate global plan. All these are necessary to enhance effective international information system.

3 0
3 years ago
Explain what the implications are to the Canadian economy if the brain drain is not stopped? Within the implications, consider t
Alinara [238K]

Answer:

Low tax collection, low working population

Explanation:

Brain drain is a condition where a country loses its population through migration. Generally, this happens with the low developing countries, because people try to search for jobs in developed countries. Canada will lose tax revenue collection and low working population as a result of the brain drain. Government is the most important stakeholder which will be affected by brain drain apart from that; hospitals and industrial units will be affected by the brain drain.

6 0
3 years ago
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