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A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;

iVinArrow [24]

Answer:

supply curve to the right.

Explanation:

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.

On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.

4 0

3 years ago

What accounting method should hariette choose when she runs the profit and loss report?

Zinaida [17]

Hariette should choose cash basis of accounting when she runs the profit and loss report. A company's reporting guidelines and practices for revenues and expenses make up its accounting method. Cash accounting and accrual accounting are the two primary accounting techniques.

Revenues and costs are recorded in cash accounting when they are received and paid. There are three different accounting methods: modified cash basis, cash basis, and accrual basis. Let's briefly review the fundamentals before we discuss which types of firms use certain accounting techniques.

If you only consider popularity, accrual accounting comes out on top since it is both the most popular and the most accurate techniques.

To learn more about accounting, click here.

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4 0

1 year ago

Nico is buying a home for $625,000. His earnest money deposit is 8%. He wants to avoid private mortgage insurance (PMI) on his c

qaws [65]

Answer: $106,250

Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).

He needs $106,250 to close ([$125,000 - $50,000] + $31,250).

4 0

3 years ago

Why do you think different college majors pay for themselves at different rates?

Brums [2.3K]

In my opinion, i think this happens because different majors can you get different jobs, where people are making different amounts of money! so if you had a education degree, it would take longer to pay it “off” verses say a law degree! hope that kinda helped :)

3 0

3 years ago

Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contain

dem82 [27]

Complete question:

Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns

Hale Company $6,529 $5,972 $ -0-

Janish Company 5,066 2,087 2,215

Valdez Company 6,647 6,790 -0-

What is the January 1 balance in the Freeze Company subsidiary account?

What is the January 31 balance in the control account?

Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$

Which January transaction would not be recorded in a special journal?

Solution:

What is the January 1 balance in the Freeze Company subsidiary account?

8,170 - 2,550 - 1,580 = 4040

What is the January 31 balance in the control account?

8,170 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 = 1,995

Compute the balances in the subsidiary accounts at the end of the month.

Hale 2,550 + 6,529 - 5,972 = 3,107

Janish 1,580 + 5,066 - 2,087 - 2,215 = 2,344

Valdez 4040 + 6,647 - 6,790 = 3,897

Which January transaction would not be recorded in a special journal?

Returns Purchases Payments

The purchase return for Brown of $2,215

6 0

3 years ago