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3 years ago

Which of the following scenarios would likely shift the supply curve for potatoes to the right (increase in supply)?

Business

1 answer:

OlgaM077 [116]3 years ago

5 0

Answer:

The correct answer is option b.

Explanation:

The supply curve for potatoes can shift to the right because of an increase in the supply. The supply for a product may arise because of several reasons such as improvement in technology or reduction in the cost of production.

In the given options, the use of new harvester that allows the farmer to bring in ripe potatoes at twice the speed than earlier will help the farmer to increase supply. This will further cause the supply curve to move to the right.

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On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's original cost was $200,000 and as o

Mnenie [13.5K]

Answer:

C. $340,000

Explanation:

Compute the Subsidiary's Unrealized Profit

This will help to determine, this will help us get the amount by which the Equipment Account will be reduced.

First, we calculate the Unrealized profit made on selling of the equipment

The equipment was sold for $520,000

The original cost to the Subsidiary was $200,000.

Furthermore, the Accumulated Depreicaiton of the Asset = $20,000

The Net Book Value of the Equipment = Cost - Accumulated Depreciation

The Net Book Value = $200,000 - $20,000 = $180,000

The Profit on Sale of the Equipment

= Sales Value - The Net Book Value

= $520,000 - $180,000 = $340,000

7 0

3 years ago

uppose that Rowan, Inc. builds a high-speed, magnetically powered transportation system from New York to Los Angeles, which is t

IrinaVladis [17]

Answer: b. increasing returns to scale.

Explanation:

With the high capital costs having enabled decreasing average costs for any conceivable level of demand, the company would be making an increasing returns to scale which means that it would be making more return per capital spent.

This will create a natural monopoly because the company will be more efficient in this particular industry and if another company tried to come in, they would have to spend a lot of money to get to a point of increasing returns to scale.

5 0

3 years ago

Parc hired Glaze to remodel and furnish an office suite. Glaze submitted plans that Parc approved. After completing all the nece

seraphim [82]

Answer:

From the information given about the contract and its execution between the two parties involved( That is, Parc and Glaze), the option 2 is most likely.

2. Glaze will win because Glaze substantially performed and Parc prevented complete performance.

Explanation:

It is stated that Glaze was hired to remodel and furnish an office suite, after a submitted plans by Glaze were approved by Parc. It was further stated that the construction and painting had been done.

Although, with Glaze purchasing minor accessories which Parc rejected because they did not conform to the plans is a breach of contract, but that can be corrected by calling Glaze to order. However, it was Parc that refused to allow Glaze to make necessary corretion and complete the project and also refused to pay Glaze any part of the contract price.

5 0

3 years ago

Anner Manufacturing is developing an activity-based costing system to improve overhead cost allocation. One of the first steps i

kenny6666 [7]

Answer:

When you collect all the costs related to performing a particular activity (e.g. producing a product), you have created an activity cost pool. This helps to get an accurate estimate of the cost of that activity or task and is mostly applied in activity-based costing system. Different activities may require different cost pools.

The activities below are thus classified accordingly:

1. Labelling and Packaging - Batch Cost Pool

2. Plant Security - Facility Level Cost Pool

3. Sales Commission - Product Cost Pool. (This is incurred in selling the product and so must be pre-built into the price of the product.

4. Supplies - Unit Level Cost Pool (Supplies are incidental items that are expected to be consumed in the near future. Examples are paper clips that you use in the daily workings of the business. Supplies are differ from Materials which refer to the raw stock from which finished goods are made. Examples of material are raw materials, components, sub-components, and production supplies. Materials would go under Product Cost Pool.

Cheers!

3 0

3 years ago

Let mp = marginal product, p = output price, and w = wage, then the equation that represents a situation where a competitive fir

Rasek [7]

I have no idea haha lol

4 0

3 years ago