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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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A researcher measures driving distance from college and weekly cost of gas for a group of commuting college students. What kind
Elena-2011 [213]

Answer:

The correct answer is: a positive correlation.

Explanation:

Correlation can say something about the relationship between variables. It is used to understand:

1. If the relationship is positive or negative

2. The strength of the relationship.

Correlation is a powerful tool that provides vital pieces of information.

In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.

In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.

8 0
2 years ago
Read 2 more answers
Mrs. Mulcahy, age 65, is concerned that she may not qualify for enrollment in a Medicare prescription drug plan because, althoug
Kazeer [188]

What should you tell her is: She do not have to enroll under Part B before she enroll in a prescription drug plan.

Medicare prescription drug plan is plan that help to cover all prescribed drugs which means that any person under the plan drugs is covered thereby by saving costs.

Based on the scenario every person who is qualified to Part A or who is enrolled under Part B is qualified to register for Medicare prescription drug plan.

Since she is qualified for Part A, she do not need to register or enroll in Part B before been enrolled in a Medicare prescription drug plan.

Inconclusion What should you tell her is: She do not have to enroll under Part B before she enroll in a prescription drug plan.

Learn more here:

brainly.com/question/2484113

4 0
2 years ago
On July1, 2018, Morrow Inc. purchased a spooler at a cost of $40,000. The equipment is expected to last five years and have a re
Mazyrski [523]

Answer:

(1) the double-declining-balance method

Depreciation for 2018 = $16,000

Depreciation for 2019 = $9,600

Book value of the spooler at December 31, 2018 = $24,000

Book value of the spooler at December 31, 2019 = $14,400

(2) the sum-of-year digits

Depreciation for 2018 = $12,000

Depreciation for 2019 = $9,600

Book value of the spooler at December 31, 2018 = $28,000

Book value of the spooler at December 31, 2019 = $18,400

Explanation:

(1) the double-declining-balance method

Note: See part 1 of the attached excel file for the computation of depreciation for 2018 and 2019 and the book value of the spooler at December 31, 2018 and 2019 using the double-declining-balance method.

Double-declining-balance method can be described as a depreciation technique in which the rate at which an asset is depreciated is twice depreciation rate for the straight line depreciation method.

The double-declining-balance depreciation rate for Morrow Inc. can therefore be calculated as follows:

Straight line depreciation rate = 1 / Number of expected useful years = 1 / 5 = 0.20, or 20%

Double-declining depreciation rate = Straight line depreciation rate * 2 = 20% * 2 = 40%

The 40% double-declining depreciation rate is what is employed in part 1 of the attached excel file table.

Note:

Although this is not part of the question but it will be useful for you in the future. The depreciation expenses for year 2022 is calculated by deducting the residual value of $4,000 from the 2022 Beginning depreciable amount (i.e. $5,184 - $4,000 = $1,184). The residual value of $4,000 therefore represents the book value at the end of year 2022.

(2) the sum-of-year digits

Note: See part 2 of the attached excel file for the computation of depreciation for 2018 and 2019 and the book value of the spooler at December 31, 2018 and 2019 using the sum-of-year digits method.

The sum-of-year digits method can be described as a depreciation method that accelerates deprecation by assuming that an asset’s productivity falls with the passage of time.

Under the sum-of-year digits method, the remaining useful life of the asset at the beginning of the period is divided by the sum of the year's digits to obtain the deprecation rate for that period.

For this question, the Sum of year digits used in the attached excel file is calculated as follows:

SYD = Sum of year digits = 1 + 2 + 3 + 4 + 5 = 15

Download xlsx
3 0
3 years ago
The following data were gathered to use in reconciling the bank account of Savannah Company: Balance per bank $16,750 Balance pe
Reika [66]

Answer:

Adjusted Balance as per bank statement = $15,095

Adjusted Balance as per book = $15,095

Explanation:

given data

Balance per bank = $16,750

Balance per company records = 16,125

Bank service charges = 80

Deposit in transit = 2,195

NSF check = 950

Outstanding checks = 3,850

to find out

What is the adjusted balance on the bank reconciliation

solution

first we get here Adjusted Balance as per bank statement that is express as

Adjusted Balance as per bank statement = Balance per bank + Deposit in transit Outstanding checks     .......................1

put here value

Adjusted Balance as per bank statement = $16,750 + $2,195 - $3,850

Adjusted Balance as per bank statement = $15,095

and

Adjusted Balance as per book  will be here as

Adjusted Balance as per book = Balance per company record - Bank Service charges - NSF checks     ......................2

put here value

Adjusted Balance as per book = $16,125 - $80 - $950

so

Adjusted Balance as per book = $15,095

6 0
2 years ago
Which of the following is the last step in creating a budget?
Step2247 [10]
B. Determine savings or debt :)
6 0
3 years ago
Read 2 more answers
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