Answer: Price of pumpkins will fall compared to last year.
Explanation: Favorable weather leading to a larger crop than usual means that there is more supply of pumpkins this year than before. Shifting the supply curve down to the right. At the same time, when people switch away from jack-o'-lanterns towards buying more costumes, it leads to a decline in the demand for pumpkins shifting the demand curve to the left.
The net result will be a decline in the demand for fall in the price of pumpkin. However, the effect on the quantity cannot be determined as it depends on the magnitude of shift in the two curves.
Answer:
responsibiltes collabration cooperation
Explanation:
Answer:
Monopoly
Explanation:
The level of competition least beneficial to consumers is monopoly. In monopoly, there is only one or very few sellers which sell their products to the customers on the prices of their own liking. Because of no competition, customer has to pay higher prices. Moreover, no substitutes are av
available in the market as well which definitely effects customers. For example, Microsoft Window. Monopoly has bad impact on the customers and it is very ideal scenario for the seller in order to earn more profits.
Answer:
Dr Interest expense $4,000
Dr Notes payable $1,120
Explanation:
The $5,120 repaid comprised of both interest and principal repayments,hence there is need for the amount to be split into the two appropriate accounts.
The interest payable on the loan on yearly basis ,based on the outstanding loan balance of $50,000 is $4,000(8%*$50,000),hence the balance of $1,120($5,120-$4,000) represents the actual repayment of principal,as a result the notes payable account should be debited with $1,120.
