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Monica [59]
3 years ago
10

You love peanut butter and you can't live without it. You hear on the news that 50 percent of the peanut crop in the South has b

een wiped out by drought, and that this will cause the price of peanuts to double by the end of the year. As a result:________. a. your demand for peanut butter will increase, but not until the end of the year. b. your demand for peanut butter increases today. c. your demand for peanut butter decreases as you look for a substitute good. d. your demand for peanut butter shifts left today.
Business
1 answer:
tankabanditka [31]3 years ago
5 0

Answer:

b. your demand for peanut butter increases today.

Explanation:

Your demand for peanut butter increases today because you will expect two things to happen: 1) peanut butter will become more scarce in the future because of the drought 2) as a result of the increased scarcity, peanut butter will also be more expensive in the future.

Because of those two rational expectations, you will try to buy as much peanut butter as you can today, effectively increasing your demand for that good.

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Shambo Corporation has provided the following contribution format income statement. Assume that the following information is wit
morpeh [17]

Answer:

26.66 or 27%

Explanation:

The computation of the margin of safety percentage is shown below:

Margin of Safety

= 100 - Break Even %

= 100 - 73.33

= 26.66 or 27%

Working Note

Sales (3,000 units) $60,000

Less: Variable expenses -$42,000

Contribution margin -$18,000

CM Ratio (A) 30.00%

Fixed expenses (B) 13,200

Break Even Point C = B ÷ A 44,000

Break Even % of Total Sale 73.33%

5 0
3 years ago
1. Which statement about leaders and managers is most likely false?
morpeh [17]

Answer:

I'd say A!

Explanation:

hope this helps! sorry if it's wrong

8 0
3 years ago
The amount paid to a depositor for keeping their money in a savings account is called
evablogger [386]

The amount paid to a depositor for keeping their money in a savings account is called  <u>"interest".</u>


You can open different sorts of personal savings accounts with banks, merchants and speculation firms. Savings accounts offer low returns contrasted and most different speculations, however are okay and a decent method to acquire enthusiasm until the point when you are prepared to move assets into higher-return ventures, for example, stocks and bonds.  

The interest on every single individual savings accounts is computed as compound interest.  

Regular savings accounts normally pay bring down loan fees than those paid by currency market accounts.

3 0
3 years ago
Which of the following characteristics means that information is reasonably free from error and bias?
Mashcka [7]

Answer:A Faithful representation

Explanation:

This means the information is a true representation of the data.

Relevance means some part of the information is related to the data meaning it is not a total reflection, being consistent is referring to the previous information on the data meaning its not totally realiable in relation to the present data and the previous information it is constitent with may be wrong. Predictive value is based on probabity, which does not give an absolute guarantee.

7 0
3 years ago
A multiconcept restaurant incorporates two or more restaurants, typically chains, under one roof. Sharing facilities reduces cos
krek1111 [17]

Answer: The Multiconcept restaurant is beneficial to both restaurant chains

Explanation:

If they share resources then they are saving 30% in fixed costs even though they are losing 20% in sales.

If the losses in sales are subtracted from the savings in fixed costs, it means that both Taco Bell and KFC are benefitting by 10%.

This shows that the decision to open a shared facility versus two separate facilities is beneficial to both restaurants on a net benefits basis as the savings in fixed costs from sharing facilities outweighs the losses in sales probably resulting from not offering a full menu.

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3 years ago
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