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harkovskaia [24]
3 years ago
15

Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b

read, and potatoes are a consumer substitute for bread, we would expect the price of wheat to
Business
1 answer:
Gnom [1K]3 years ago
5 0

Answer:

price of wheat to increase, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

A drought will reduce the supply of wheat thereby causing the supply curve to shift upwards (to the left) leading to an increase in the price of wheat. Since wheat is a basic ingredient in producing bread, an increase in the price of wheat will increase the cost of producing bread. An increase in cost of producing bread will reduce the supply of bread, shifting the supply curve to the right.

Potatoes and bread are close substitutes and therefore, have a competitive demand. An increase in the price of bread will increase the demand for potatoes because rational consumers will opt for a cheaper alternative considering their money income.

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How do people often buy cars?​
ladessa [460]

Drivers are keeping their cars longer than ever before. The average age of all cars on the road is over 11 years, up from eight years in 1995. Motorists who buy a brand-new car typically keep it for about six years, up from about four years in 2006.

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7 0
3 years ago
Read 2 more answers
Holiday Laboratories Laboratories purchased a high speed industrial centrifuge at a cost of $420,000. Shipping costs totaled $15
blsea [12.9K]

Answer:

$455,000

Explanation:

Given that,

high speed industrial centrifuge at a cost = $420,000

Shipping costs = $15,000

Foundation work =  $8,000

additional water line = $3,000

Labor and testing costs = $6,000

Materials used up in testing = $3,000

Total Costs to be capitalized:

= High-speed industrial centrifuge + Shipping costs + Foundation Work + Additional Water Line + Labor and testing costs + Materials used in testing

=  $420,000 + $15,000 + $8,000 + $3,000 + $6,000 + $3,000

= $455,000

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3 years ago
Buster industries pays weekly salaries of $17,800 on friday for a five-day week ending on that day. the adjusting entry necessar
faust18 [17]
<span>salaries payable: (17,800/5)*2= 7,120 (credit) salaries expenses: 7,120 (debit)</span>
6 0
3 years ago
Tax a tax adjustment must be made in determining the cost of
RUDIKE [14]
This isn't even a question
4 0
3 years ago
Return on assets is equal to:________
Sunny_sXe [5.5K]

Return on assets is equal to<u> </u><u>a.</u><u> profit margin times asset turnover.</u>

An asset is a resource with a financial fee that a man or woman, enterprise, or country owns or controls with the expectancy that it will provide a destiny benefit. belongings are said on an employer's stability sheet. They're offered or created to increase a firm's fee or gain the firm's operations.

Despite all that in mind, an automobile is an asset due to the fact you may speedy advertise and convert it to coins, albeit for less than what you paid. That alone makes it an asset via definition. It is those added expenses and the steady decline in cost that make a car a depreciating asset.

Suitable properties are gadgets you could spend money on a good way to produce earnings for you like stocks, rental homes, actual property crowdfunding initiatives, and a web enterprise. these also can respect in cost overtime except producing money for you.

Learn  more about assets here brainly.com/question/25746199

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6 0
2 years ago
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