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Aloiza [94]
3 years ago
15

After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar

ply. In a market economy, how will this increase in demand affect the equilibrium price and quantity of bottled water?a. Price will increase, and quantity will decrease. b. Price will decrease, and quantity will decrease. c. Price will decrease, and quantity will increase. d. Price will increase, and quantity will increase.
Business
1 answer:
Crank3 years ago
6 0

Answer:

The correct answer is letter "D": Price will increase, and quantity will increase.

Explanation:

If a natural disaster cuts the supply for water in a region, bottled water will face an <em>increase in its quantity demanded</em> as a substitute. Besides, due to scarcity, the bottled water is likely to face an increase in its price, thus, the <em>equilibrium price of bottled water increases</em>.

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Moss County Bank agrees to lend the Oriole Company $560000 on January 1. Oriole Company signs a $560000, 6%, 9-month note. What
Vitek1552 [10]

Answer:

The Journal entry that Oriole Company will make to pay off the note and interest at maturity assuming that interest has been accrued to September 30 will be:

Dr Notes Payable 560,000

Dr Interest Payable 25,200

(560,000*6%*9/12)

Cr Cash 585,200

(560,000+25,200)

Explanation:

Based on the information given where Moss County Bank agrees to lend the Oriole Company $560000 on January 1 this means we have to Debit Note payable with 560,000 and since Oriole Company signs a $560000, 6%, 9-month this means we have to Debit Interest payable with 25,200 (560,000*6%*9/12) and Credit Cash with 585,200 (560,000+25,200).

4 0
3 years ago
A leasea) Must be for at least one yearb) Conveys the right of occupancy to anotherc) Must include the landlord paying the taxes
Y_Kistochka [10]

Answer:

b) Conveys the right of occupancy to another

Explanation:

A lease is an agreement made between a lessee and a lessor for using an asset. A lessee is a user who pays to the lessor who is the owner for any asset which can be a building, property or a vehicle. The lessee owns the right to use the asset by paying to the lessor for the fixed duration. Usually, the asset put into a lease are tangible but can be intangible too.

3 0
3 years ago
A counterfeit id is intended to an official document, but is not authentic
kirza4 [7]

Answer:

If this is the case then it is not valid.

Explanation:

Any counterfeit id is illegal and should never be rendered to be used for any purpose in relation to official documents.

4 0
2 years ago
The unlevered cost of capital is: Group of answer choices the cost of preferred stock for a firm with equal parts debt and equit
Dennis_Churaev [7]

Answer: The cost of capital for a firm with no debt in its capital structure.

Explanation:

Leverage in finance refers to the use of debt. Unlevered capital therefore would refer to capital that is without debt which means that an unlevered cost of capital is one with no debt in its capital structure.

Companies with such a capital structure derive their capital 100% from Equity and as such do not pay interest. This means however, that they will not benefit from the tax shields that interest payments offer.

5 0
2 years ago
During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and deprecia
ycow [4]

Answer:

a. -$210,000

b. $455,000

Explanation:

a. Company's net income

Sales. 2,275,000

Less:

Cost of goods sold

1,285,000

Administrative and selling expenses

535,000

Depreciation expense

420,000

EBIT

35,000

Less interest

245,000

Taxable income

-$210,000

Taxes 21%

Nil

Net income

-$210,000

b. The operating cash flow for the year

OCF = EBIT + depreciation - taxes

OCF = 35,000 + 420,000 - 0

OCF = $455,000

c. Net income was negative due to the deductibility of interest expense and depreciation.

The actual operating cash flow was positive due to the fact that depreciation is a non cash expense, and also interest is a financing and not an operating expense.

5 0
3 years ago
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