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KengaRu [80]
2 years ago
12

Related to the Economics in Practice on page​ 77: If a hurricane results in the supply of hotel rooms decreasing and the demand

for hotel rooms​ increases, the equilibrium price for hotel rooms​ ________ and the equilibrium quantity of hotel rooms​ ________.
Business
1 answer:
UkoKoshka [18]2 years ago
5 0

Answer:

Increases; Ambiguous effect on equilibrium quantity

Explanation:

This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.

This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.

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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.
Ostrovityanka [42]

Answer:

Depreciation Expense = $16900

Explanation:

Using the units of production method. I will get the value of depreciation expense for the year 2. The units of production method calculate the value of depreciation using the formula is given below.

Depreciation expense = (Cost - Salvage value) / Total Units of Products x Units of production in second year.

Depreciation expense = ($87000 - $7000) / 400000 x 84500 = $16900

Wickland company will charge depreciation expense of $16900 using the Units of production method as during the second year of Wickland company depreciation expense is $16900.

7 0
3 years ago
A(n) ________ may occur if a major shareholder desires to sell a large number of shares but the market for the shares is not suf
Naddika [18.5K]

Answer:

Targeted Repurchase

Explanation:

According to my research on the Stock Market, I can say that based on the information provided within the question this situation can cause a Targeted Repurchase to occur. This is when the target firm purchases back its own stock from a hostile bidder, usually at a much higher price than what is currently offered as market value.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
Sadler Corporation purchased equipment to be used in manufacturing. The purchase was made at the beginning of 2015 by paying cas
il63 [147K]

Answer:

The journals entry to record depreciation on the equipment for 2016 will be:

Debit Depreciation expense $14,000

Credit Accumulated depreciation $14,000

<em>(To record depreciation expense for Year 2016)</em>

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.

The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,

6 0
3 years ago
If an applicant has extensive training, numerous scholastic accomplishments, a high level of community involvement, and no work
Gala2k [10]
A functional/hybrid resume would be more suitable for this situation.

Chronological order is normally most supportive when itemizing work understanding, so a potential boss can see where you worked and for to what extent, so it isn't as simple to apply chronological order to your group inclusion or broad preparing.
6 0
3 years ago
Collier/Evans defines servicescape as "all the physical evidence a customer might use to form an impression."
Slav-nsk [51]

Answer:

Walmart

Explanation:

The serviescape of a business includes the business appereance, layout, structure, signage, and equipment.

Walmart is a retail superstore that specializes in cheap consumer goods. The layout of the Walmart, is accordingly, spacious in order to accommodate as many products as possible.

The colors blue, yellow and white dominate the sings in the store, because those are the colors of the corporate brand. In the ailes, prices are written with very large fonts so that any customer can easily read them. This has to do with the fact that Walmart has established itself as a cheap option.

The greeters at Walmart are part of the corporate culture, but also a means to prevent shoplifting.

7 0
3 years ago
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