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2 years ago

The distinction between supply and the quantity supplied is best made by saying that___________.

Business

1 answer:

snow_lady [41]2 years ago

7 0

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve.

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number of suppliers

Technological advancement

Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

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James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expen

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Answer and Explanation:

The computation of the ending cash balance with the help of the cash ledger is presented below:

Cash account

Date Particulars Amount Date Particulars AMount

April 1 Beg. Balance $1,900 April 16 Rent expense $400

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2 years ago

At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $3,510,000. After the timber is cl

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Answer:

A. $279,000

B. $27,900

Explanation:

A. Calculation for 2021 depletion of the timber tract

2021 Depletion=[($3,510,000 - $720,000) / 6.2 million] *$620,000

2021 Depletion=0.45x 620,000

2021 Depletion= $279,000

Therefore 2021 depletion of the timber tract is $279,000

B. Calculation to determine the depreciation of the logging roads

Depreciation=($279,000 / 6.2 million)*$620,000 Depreciation= 0.073*$620,000

Depreciation= $27,900

Therefore the depreciation of the logging roads is $27,900

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2 years ago

(a) A local bookseller is considering expanding store space to increase his capacity for books.

Ksju [112]

The book seller should invest in the extra space.

Explanation:

As per the given data:

rent for the additional space given is $300 per year, the additional profit that will be pulled by adding on the space = $4000 per year, the current rate of interest given is = 12%

In order to calculate about the decision, the present values needs to be calculated first

The present value of the investment = (- $ 3000 plus $ 4000) by 1.121

The present value of the investment = $ 571.43

The present value of the investment is positve, hence the book seller should invest in the extra space.

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3 years ago

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Answer: what is the question being asked?

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2 years ago

The basic distinction between a primary and a secondary market is a. proceeds from sales in the primary market go to the current

zavuch27 [327]

Answer:

c. Only new securities are sold in the primary market.

Explanation:

Primary markets is where securities are sold for the first time. Secondary market is a place (physical o virtual place) where securities are renegociated.

As an example, think about a company which is increasing its capitalization and wants to emit new stocks: it would do it in the primary market.
On the other hand, if some of the members of the company wantsto buy more stocks from that company, unless the company is emiting new stocks, he or she would have to buy the stocks in the secondary market.

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