The statement that describes the expected outcome is: c. Supply of the shoes will increase, and market price will decrease.
<h3>What is supply?</h3>
Supply can be defined as the amount of goods or product produce that is available for buyers to buy or purchase.
If the cost of production is lower ,this will lead to increase in production as companies will be able to buy more materials and the outcome of this is that the market price of goods or product will reduce because the cost to manufactures has reduced.
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Answer:
depreciation expense per year 8,000
Explanation:
<u>The first step,</u> is to calculate the depreciable amount for the asset:
cost - salvage value = amount subject to depreciation
43,250 - 3,250 = 40,000 = depreciable amount
<u>Then,</u> we calculate the depreciation per year:
depreciable amount/ useful life = depreciation per year
40,000/5 = 8,000
In some particular cases, the first year the asset enter the accounting it could be for a period of half the accounting period, so only half-year depreciation is appliedon the first year.
Answer:
The correct answer is letter "D": Opportunity cost.
Explanation:
Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.
Answer:
Aids to trade communication
<u><em>Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents.</em></u>
Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.
Hope this helpssss :)
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