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harina [27]
3 years ago
13

Washington state had a bumper apple crop this year, significantly increasing the supply of apples in the U.S. Given this informa

tion, choose the statement that correctly describes the effect on the U.S. apple market.
Business
1 answer:
V125BC [204]3 years ago
4 0

Answer:

the quantity of apples demanded will increase as the price of apples falls

Explanation:

When a supply of a certain product is increased, there amount of that product in the seller's storage tend to become abundant.  To make the customers choose to buy the product from them instead of their competitors, most sellers will reduce the price of this product.

Since the price of the product falls, more customers will be able to afford the product with their current disposable income. This is the reason why the quantity of the demand will increase.

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Neutrino Industries stock trades at $49 per share and there are 120 million shares outstanding. The management would like to rai
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Answer:

Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.

Explanation:

To calculate this, let B represents the number of shares Neutrino Industries must sell. Therefore, we have:

Gross proceeds = $49 * B, or $49B

Underwriter charges = 6% * $49B = $2.94B

To raise $400 million, we deduct the underwriter charges from gross proceeds and solve for B as follows:

$49B – $2.94B = $400,000,000

$46.06B = 400,000,000

B = 400,000,000 / 46.06

B = 8,684,324.79 shares, or 8.68 million shares.

Therefore, Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.

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The following events took place at a manufacturing company for the current year:
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Answer: $25,369.50

Explanation:

GIVEN THE FOLLOWING :

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(3) Other manufacturing overhead was $109,000, excluding indirect labor.

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