1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valentinak56 [21]
3 years ago
13

If the market for sport utility vehicles has excess supply, then one can say that: A. supply is greater than demand. B. quantity

demanded is greater than quantity supplied. C. demand is greater than supply. D. quantity supplied is greater than quantity demanded.
Business
1 answer:
AURORKA [14]3 years ago
3 0

Answer:

D. quantity supplied is greater than quantity demanded.

Explanation:

Since in the question it is mentioned that the market for sport utility vehicles has excess supply which determines that the supplies is more than the quantity which results that the quantity supplies is more than the quantity demanded as due to the excess supply

Hence, D option is correct and other options are wrong

You might be interested in
An individual is planning to set-up an education fund for her daughter. She plans to invest $7,700 annually at the end of each y
daser333 [38]

Answer:

$96,154.20

Explanation:

We are to find the future value of the annuity

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1  

A = Amount

R = interest rate  

N = number of years

[(1.08)^9 - 1 ] / 0.08 = 12.487558

12.487558 x $7,700 = $96,154.20

4 0
4 years ago
You purchased five August 13 futures contracts on soybeans at a price quote of 1056′6. Each contract is for 5,000 bushels with t
stira [4]

Answer:

B) $1,187.50

Explanation:

The computation of the total profit or loss on this investment is given below:

Expiration price = 1061'4  = 1061 + 4 ÷ 8 = 1061.50

Quoted price = 1056'6 = 1056 + 6 ÷ 8 = 1056.75

Now the profit is

= (1061.50 - 1056.75) × 5000 × 5

= $1,187.50

Hence, the profit on this investment is $1,187.50

3 0
3 years ago
Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.
motikmotik

Answer:

a.                         Joplin Industries Inc.

             Absorption Costing Income Statement

                  For the Month Ended June 30

Sales                                                                        $81,000,000

Less: Beginning inventory           $4,387,200          

Cost of goods manufactured       <u>$45,756,000</u>

Cost of goods sold                                                 <u>$50,143,200</u>

Gross Profit                                                              $30,856,800

Selling and Administrative Expenses                    <u>$13,122,000</u>

Operating Income                                                  <u>$17,734,800</u>

b.                           Joplin Industries Inc.

                 Variable Costing Income Statement

                      For the Month Ended June 30

Sales                                                                        $81,000,000

Variable cost of goods sold                                   <u>$40,500,000</u>

Manufacturing Margin                                            $40,500,000

Selling and Administrative Expenses                    <u>$12,150,000</u>

Contribution Margin                                                $28,350,000

<u>Fixed cost</u>

Manufacturing cost                   $8,856,000

Selling and Admin Expenses   <u>$972,000</u>

Total Fixed cost                                                         <u>$9,828,000</u>

Operating Income                                                     <u>$18,522,000</u>

4 0
3 years ago
The best way to approach your career choice is to _____.
Tasya [4]
Waiting is a bad idea because you could lose good opportunities in the time you wait. Choosing the same career as someone you admire might not be what you would best enjoy or succeed in, and the job that earns you the most money isn't necessarily the most enjoyable. The answer is A :)
4 0
3 years ago
Read 2 more answers
Mathematics for Business and Finance
Marina CMI [18]

Answer:

Explanation:

Apply first discount to original price

apply next discount to discounted price

etc

8 0
3 years ago
Other questions:
  • The entry to adjust for the cost of supplies used during the accounting period is______________.
    15·1 answer
  • A property owner must spend $10,000 to pave his driveway. Upon completion of construction, his property value will increase by $
    7·1 answer
  • Unlike product, promotion, or place, price is the only part of the marketing mix
    7·1 answer
  • You had used an online service to apply for a credit card. As part of the process, you submitted your personal information such
    12·1 answer
  • If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should t
    8·1 answer
  • The city pays $4 million to a contractor for work on a new bridge. a) Special Revenue Fund b) Capital Projects Fund c) General F
    11·1 answer
  • Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2014. These new subscribers will receive mon
    6·1 answer
  • A pharmacy has determined that a healthy person should receive 70 units of proteins, 100 units of carbohydrates and 20 units of
    13·1 answer
  • A recent regulation enacted by the Commission for Protective Trade Measures in Russia limits the amount of poultry meat that can
    5·1 answer
  • West Co. recorded the following inventory information during the month of February:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!