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VashaNatasha [74]
3 years ago
15

If the demand for a good rises by more than the supply of the good falls, then the good’s equilibrium price will __________ and

its equilibrium quantity will __________

Business
1 answer:
mina [271]3 years ago
3 0

Answer:

Rises

Rises

Explanation:

If the demand for a good rises more than the fall in supply, both equilibrium price and quantity would increase.

Refer to the attached image for a graphical explanation.

I hope my answer helps you

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Sales skills are beneficial for all the following reasons except:
BaLLatris [955]

The skill is not beneficial for SWOT analysis.

Sales skills refers to skills which an individual must possess to excel in the sales industry.

  • Skills such as Active listening, Initiative, Empathy, Verbal communication skills, Positivity, Time management, Critical thinking, Self-regulation are example of sales skills needed to excel in sales industry.

  • Therefore, the skills to convince others that an idea makes sense, to show investors how a project or business will generate a return and to help employees understand the benefits of a new process are all example of sales skills.

In conclusion, sales skills is not beneficial for writing a company's SWOT analysis because the analysis is an internal factor.

Learn more about Sales skills here

6 0
3 years ago
Which of the following is the cost of quality classification for costs such as inspection, testing, and other tasks to ensure th
Kryger [21]

Answer:

A. Appraisal costs

Explanation:

Appraisal costs are <u>quality control costs</u> paid by organizations to <u>find defects before, during or after production through inspection and testing, before the products are sold to customers.</u>

Inspection is carried out  on raw materials, during production and on finished products.

These costs include; the cost of equipment required for inspection and the amount paid to inspectors.

5 0
3 years ago
On January 1, 2020, a company purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck
lianna [129]

Answer:

a loss of $3,000

Explanation:

A company makes a gain on the disposal of an asset when the amount received from the disposal is higher than the net book value or carrying amount of the asset.

The netbook value of the asset is the difference between the cost and the accumulated depreciation of the asset. The accumulated depreciation is the total depreciation over the used life of the asset and the depreciation is the result of the cost less residual value divided by the estimated asset life.

In light of the above,

Annual depreciation = ($48,000 - $8,000)/8

= $5,000

Between January 1 2020 and December 31 2022 is 3 years,

Accumulated depreciation at December 31, 2022

= 3 * $5,000

= $15,000

NBV at December 31, 2022

= $48,000 - $15,000

= $33,000

Gain/(loss) on disposal = $30,000 - $33,000

= ($3,000)

The company would record a loss of $3,000

8 0
3 years ago
Lonny (37) is a U.S. citizen. He was married at the beginning of the current tax year. His wife lived in the household until Sep
Ivenika [448]

Answer:

Head of household

Explanation:

Lonny's most advantageous filing status is the Head of Household. In order to use this filing status, it is mandated for the taxpayer to be either unmarried or considered unmarried by the year end. The taxpayer must also have paid over 50 percent of the cost of catering for a home for the year in view (either his personal home or the that of a qualifying parent)

6 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of di
faust18 [17]

Answer:

<u>The journal entry will be as follow:</u>

Dec 31th

Retained Earnings            200,000 debit

Stock Dividends Payable      200,000 credit

to record declared stock dividends

Jan 20th

Stock Dividends payable    200,000 debit

         Common Stock                                    40,000 credit

         Additional paid-in                               160,000 credit

Explanation:

The company will issue 20% stock

100,000 shares x 20% = 20,000 shares

The company cost for this 20,000 will be the market value

20,000 shares x $10 = 200,000

This will be compare with the face value of the shares to calculate the adidtional paid-in:

20,000 sahres x $2 face value = 40,000 common stock

200,000 market value - 40,000 face value = 160,000 additional paid-in

<u>The journal entry will be as follow:</u>

Dec 31th

We declare the dividends against retained earnings, from there we will take the funds to pay the dividends

Jan 20th

The dividends will be paid with common stock so we write-off the dividdends payable again the issued stock and their aditioanl paid-in.

3 0
2 years ago
Read 2 more answers
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