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3 years ago

- Consider the market for grapes. An increase in the wage paid to grape pickers will cause the:

Business

1 answer:

kakasveta [241]3 years ago

6 0

Answer:

d- supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed.

Explanation:

supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed. An increase in the price of factors of production leads to a supply contraction. When the supply is contracted, the graph moves towards top to the left. Businesses have limited capital and when the wage rates increase it would lead to higher amount paid to workers and lower amount left to purchase raw materials, to spend on advertising, etc. This whole phenomenon leads to a decrease in supply ,obviously an increase in the price of the good and a decrease in the quantity consumed

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You are about to borrow $15,000 "from a bank at an interest rate of" 8% compounded annually. You are required to make three eq

Reptile [31]

Answer:

Year 1 $15000

Interest $1,200

repayment $5,820.50

Year 2 $10,379.50

Interest $830.36

repayment $5,820.50

Year 3 $5,389.36

Interest $431.15

repayment $5,820.50

Closing balance $0

Explanation:

Year 1 Interest = $15,000 * 8% = $1,200

Closing balance at the end of year 1 = $15,000 (loan principal) + $1,200(interest) - $5,820.50 = $10,379.50

Year 2 Interest = $10,379.50 * 8% = $830.36

Closing balance at the end of year 2 = $10,379.50 (opening balance prior year) + $830.36 (interest) - $5,820.50 = $5,389.36

Year 3 Interest = $5,389.36 * 8% = $431.15

Closing balance at the end of year 3 = $5,389.36 (opening balance prior year) + $431.15 (interest) - $5,820.50 = 0

6 0

3 years ago

A client has a large and active investment portfolio that is kept in a bank safe deposit box. If the auditors are unable tocount

Nitella [24]

Answer:

The correct answer is

D. Request the client to have the bank seal the safe deposit box until the auditors can count the securities at a subsequentdate.

3 0

3 years ago

Motor Sales sold its old office furniture for $6,000. The original cost was $16,000, and at the time of sale, accumulated dep

alexira [117]

Answer:

The effect of this the de-recognition of the asset in the book to the tune of 2,000 in the balance sheet and the recognition of a gain on disposal to the tune of $4,000 in the p/l.

Explanation:

cost = $16,000

Accumulated depreciation = $14,000

Net book value = $16,000 - $14,000

= $2,000

Sales price = $6,000

Gain on disposal = $6,000 - $2,000

= $4,000

The effect of this the derecognition of the asset in the book to the tune of 2,000 in the balance sheet and the recognition of a gain on disposal to the tune of $4,000 in the p/l.

3 0

3 years ago

Which one of the following would not be considered an advantage of the corporate form of organization?a. Limited liability of ow

solmaris [256]

Answer:

Disadvantage of Corporate Form of Organization:

d. Government regulation

Explanation:

In recent times, government regulation of businesses appears to be regarded as a disadvantage of the corporate form of organizations. Governments intervene and regulate corporate entities whenever they fail to be self-regulatory. But, the regulations may appear to be so much that the corporate form of organization now looks like a disadvantage. Given the many corporate scandals, collapses, and misapplications of resources by corporate entities that have become the order of the day, government regulation is very important. Without government regulation, many corporate bodies will not be acting in the public interest. This is more so with public entity corporate organizations with diverse stakeholders and corporate managers who act as if they were running their own autonomous governments.

5 0

4 years ago

In a decentralized company in which the divisions are organized as investment centers, how could a division be considered the le

gizmo_the_mogwai [7]

Answer:

This can be due to the method of allocating cost.

Explanation:

In the given scenario a division in a decentralised company earned the largest amount of income from operations, yet it was the least profitable.

This can be as a result of the cost allocation method the company uses.

If the company uses a cost allocation method where cost from other division is paid for by the division with largest income. The result will be that the other divisions that generate less income will appear to be more profitable.

The remedy for this is to use activity based costing. Where cost is allocated based on the level of activity of a division.

That way divisions will only pay for cost associated with their activity

3 0

3 years ago