Planning an annual budget is an important requirement for A. being financially sound.

In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to

kondaur [170]

Answer:

As a result of the political unrest in Libya, the supply of oil would fall, As a result the supply curve would shift to the left. This would lead to fall in equilibrium quantity and a rise in price.

The increased demand for oil would shift the demand curve to the right. The equilibrium price and quantity would increase

Taking these two effects together, equilibrium price would rise and there would be an indeterminate effect on equilibrium quantity

Please check the attached image for a graph showing these shifts

b. As a result of the change in supply, supply would increase. This would increase equilibrium quantity and equilibrium price would fall. in addition with the increase in demand for oil, equilibrium quantity would rise and there would be an indeterminate effect on equilibrium quantity

Explanation:

7 0

3 years ago

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement

DedPeter [7]

Answer:

Detailed Question lifted from google: 

Use the information presented below for Chambersburg Corp for 2017 and

2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period?

a. Chambersburg also purchased additional equipment during the year.

b. The selling price of the equipment sold was reported with net sales.

c. The equipment that was sold had a book value of $12,500.

d. The equipment sold had not been reported with Chambersburg's property, plant and equipment.

The only applicable answer based on the question is A, Chambersburg also purchased additional equipment during the year.

Explanation:

A. Between 2016 and 2017 Property, plant, and equipment increased by $60,000 (which is $250,000 minus $190,000)

B. Between 2016 and 2017 Depreciation expense on Property, plant, and equipment increased by $15,000 (which is $62,500 minus $47,500)

Meaning attributable depreciation to the new addition to PPE of $60,000 is actually $15,000.

3 0

3 years ago

Were you to have information about the salaries of various levels of employees in each company, what would you use (mean, median

Usimov [2.4K]

We will use median to calculate various level of salaries of different employees.

Every individual has incomes and expenditures and some savings for the purpose of preparation of budget. Calculation of wealth can differ accordingly as wealth of the different employees would be different as per their earning.

There would be different employees in each company and taking out calculations on the basis of mean would not give any final result. Mode is the result of expected outcomes and will not give exact results. Hence, median would not be affected by small or large numbers so median would give exact results.

To learn more about median here,

brainly.com/question/21396105

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3 0

2 years ago

Suppose that Boeing and Rolls-Royce Holdings are the sole producers of a particular jet engine. The two firms currently charge t

Reil [10]

Answer:

each firm reduces its price.

3 0

3 years ago

both capital and labor double, given the production function, output will double . If output doubles when inputs double, the

Sergeu [11.5K]

Answer:

If output doubles when inputs double, the production function will be characterized by a constant returns to scale.

Explanation:

In economics, returns to scale refers to a long run situation that reveals to the proportionate change in output when capital and labor inputs become variable or change.

The three possible types of returns to scale are as follows:

1. Increasing returns to scale: This occurs when the proportionate change in output is greater than the proportionate change in capital and labor inputs.

2. Decreasing returns to scale: This occurs when the proportionate change in output is less than the proportionate change in capital and labor inputs.

3. Constant returns to scale: This occurs when the proportionate change in output is the same as the proportionate change in capital and labor inputs.

Based on the above explanation therefore, if output doubles when inputs double, the production function will be characterized by a constant returns to scale. This is because the the proportionate change (double) in output is the sames as the proportionate change (double) in inputs.

3 0

4 years ago