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3 years ago

If the price of chicken feed decreases, the supply of chicken nuggets will shift

1 answer:

7 0

Answer:The production of chicken nuggets should increase because more feed will be bought which means the chickens could eat more, this will lead to bigger chickens with more fat, which increases the chicken nugget production because, chicken nuggets are 50% meat and the rest is fat, ground bone, blood vessels and connective tissues.

Explanation:

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Concord Industries purchased $9,100 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms

marishachu [46]

Answer:

Explanation:

The journal entries are shown below:

a. Merchandise Inventory A/c $8,190

To Accounts payable A/c $8,190

(Being goods purchased on credit)

The computation after applying discount is shown below:

= Purchase amount - purchase amount × trade discount percentage

= $9,100 - $9,100 × 10%

= $9,100 - $910

= $8,190

b. Accounts payable A/c $2,610

To Merchandise Inventory A/c $2,610

(Being goods returned is recorded)

The computation after applying discount is shown below:

= Purchase amount - purchase amount × trade discount percentage

= $2,900 - $2,900 × 10%

= $2,900 - $290

= $2,610

c. Accounts payable A/c Dr $5,580 ($8,190 - $2,610)

To Cash A/c $5,412.60

To Merchandise Inventory A/c $167.40 ($8,190 - $2,610) × 3%

(Being due amount is paid and remaining balance is credited to the cash account)

3 0

4 years ago

A decrease in the price of a good will lead to:_______

butalik [34]

Answer:

C. a movement down along the supply curve for that good.

Explanation:

A decrease in price would lead to a decrease in the quantity supplied and a movement down along the supply curve.

This is in accordance to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

6 0

3 years ago

Amanda doesn't know how the CSR initiative should be<br> communicated. What do you advise?

Maru [420]

<u>Explanation:</u>

CSR initiative has to be communicated to the employees. As the cafe has permanent workers and part timers. Communication gap may arise as part timers work only a few hours a week they might not be informed which decreases their opportunity of joining the other team members in CSR activity.

Communication can be through word of mouth which spreads over a time and people show interest. Posters can be done with employees performing their volunteer activities that is a better way of communication. Posters can be pasted in cafe walls so the customers will know.

One of the fastest mode of sharing communication is social media. The CSR activities done so far by the firm can be posted in social media and it reaches a wider group of audience.

5 0

4 years ago

When is a consumer most likely to engage in cognitive decision-making?

Elenna [48]

A consumer is most likely to engage in cognitive decision-making when: The outcome of the decision has a high degree of risk.

<h3>Cognitive decision-making </h3>

A consumer can tend to engage in cognitive decision-making when the following occur:

When the decision making mode is most common.
When the decision making is related to the consumer self-concept.
When the outcome or the result of the decision made by the consumer has a high degree of risk.

Therefore a consumer is most likely to engage in cognitive decision-making when: The outcome of the decision has a high degree of risk.

Learn more about cognitive decision-making here:brainly.com/question/27413209

#SPJ12

8 0

2 years ago

Consider a firm that increases its inputs by 15 percent. For each scenario, state whether the firm experiences economies of scal

hjlf

Answer:

a. The firm experiences constant returns to scale.

b. The firm experiences diseconomies of scale.

c. The firm experiences economies of scale.

Explanation:

To answer the question, the following are explained first:

1. Economies of scale: This occurs when a percentage increase in input by a firm leads to greater percentage increase in its output.

2. Diseconomies of scale: This occurs when a percentage increase in input by a firm leads to less percentage increase in its output.

3. Constant returns to scale: This occurs when a percentage increase in by a firm input leads to an equal percentage increase in its output.

From the question therefore, we have:

a. Outputs increase 15 percent: The firm experiences constant returns to scale since a 15 percentage increase in its input leads to an equal percentage increase in its output.

b. Outputs increase by less than 15 percent: The firm experiences diseconomies of scale since a 15 percentage increase in its input leads to a lsess than 15 percentage increase in its output.

c. Outputs increase by greater than 15 percent: The firm experiences economies of scale since a 15 percentage increase in its input leads to an a greater percentage increase in its output.

7 0

3 years ago