1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ratling [72]
3 years ago
8

Why does supply decrease when the price of resources increases?

Business
1 answer:
krek1111 [17]3 years ago
4 0

Answer:

see below

Explanation:

Resources are the ( inputs) materials used in the production of goods meant for sale. The cost of inputs has a direct impact on the price of the finished goods(output).  An increase in the cost of inputs increases the cost of production. An increase in production cost increases without a corresponding rise in the selling price means that the profits margin per unit will decline.

Suppliers are motivated to sell or deliver more quantities in the market by profit prospects. An increase in the costs of inputs decreases profit margins. Reduced profits margin result in suppliers supplying reduced quantities in the markets.

You might be interested in
A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $ 30,000 in transportation
erica [24]

Answer:

correct option is  $0

Explanation:

given data

purchased  truck = $270,000

transportation and calibration costs = $30,000

life = 20 years

financed period = 15 year

solution

we know here that some expenses like insurance and depreciation etc is allocated by systematic and the rational procedure for some period

so that during that period related asset is expected to provide the benefit

and acquisition of capital asset is not record as expenses

we know  appropriate property and  plant or the equipment assets account are debit on  purchases

so that Depreciation expenses are recorded to reflect the allocation of costs of the asset to operation over service life of assets

so here correct option is  $0

6 0
3 years ago
On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, a
umka2103 [35]

Answer:

Net Income   $66100

Explanation:

<u>Racine Furnishings Company </u>

<u>Multi Step Income Statement </u>

<u>For the Year Ended March 31, 2019</u>

Sales                                                   6,126,850

Cost of Merchandise Sold                3,965,850

Gross Profit                                        2161000        

Less Operating Expenses

Depreciation                                  $747,950

Supplies Expense ( 87000- 20650)  66350

Salaries Expense                                7,700

Selling Expenses                           717,650

Administrative Expenses                545,700

Operating Income                           75,650

Other Expenses

Interest Expense                                 9,550

Net Income                                       $66100

From the sales cost of merchandise sold is subtracted to get the gross profit.  The operating expenses are subtracted from the gross profit to get the operating income. Other expenses such as interest expense is subtracted to get the net income.

7 0
3 years ago
Samantha is trying to decide where she should place her extra money. She has heard of two types of financial institutions—deposi
Rom4ik [11]

Answer:

The two types of financial institutions—depository and non-depository

The main difference:

Depository institutions earn money from what customers put into the institution.

Non-depository institutions earn a profit from the interest paid on loans made to customers.

Explanation:

The best way to differentiate a depository institution from a non-depository institution is to compare the two terms.   Whereas a depository institution is a savings bank, legally allowed to accept monetary deposits from consumers (for example, commercial banks, savings and loan associations, or credit unions),  non-depository institutions do not accept monetary deposits from customers (for example insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies), but they all render financial services.

6 0
2 years ago
Read 2 more answers
Tele-com, inc., the nation's largest cable tv company, tested the effect of a price reduction for the disney channel. it lowered
Sladkaya [172]
<span>This means that there were customers that were wanting the Disney channel, but did not get it because it was too expensive. Once the price went down these customers bought the service. The cable company test showed that they should keep their prices for the Disney channel low to generate more revenue. Even if they only had one customer to begin with they would only be making $10.75, and when they lowed their prices they would be making at least $15.90.</span>
8 0
3 years ago
Use the following to answer question 10: Presented below is information related to ABC Corporation: Common Stock, $1 par Paid-in
lutik1710 [3]

Answer:

Explanation:

Calculation to determine what The total stockholders' equity of ABC Corporation is

Using this formula

Total stockholders' equity

=Common Stock+Paid-in Capital in Excess of Par—Preferred Stock + Paid-in Capital in Excess of Par—Common Stock + Preferred Stock, + Retained Earnings -Treasury Common Stock (at cost)

Let plug in the formula

Total stockholders' equity=$3,500,000 + 400,000 + $550,000 + $2,000,000 + $1,500,000 - $150,000

Total stockholders' equity= $7,800,000

Therefore The total stockholders' equity of ABC Corporation is $7,800,000

7 0
3 years ago
Other questions:
  • How might differences in the extent to which countries apply the accounting concept of conservatism (some countries are more con
    8·1 answer
  • One of Haley's best workers wants to work from 7 a.m. to 3 p.m. instead of the regular 9 a.m. to 5 p.m. shift for the next two w
    7·1 answer
  • 1. Depreciation on the equipment for the month of January is calculated using the straight-line method. The company estimates fu
    7·1 answer
  • The Greenbriar is an all-equity firm with a total market value of $584,000 and 22,800 shares of stock outstanding. Management is
    5·1 answer
  • When a project has a positive total slack, some activities can be ________ without jeopardizing completion of the project by its
    15·1 answer
  • The phase of a weight-training program in which most of the strength gains are realized is the ________ phase science-forums
    8·1 answer
  • Which of the following is not true about a good resume?
    12·1 answer
  • At the end of the year, the deferred tax asset account had a balance of $12.8 million attributable to a cumulative temporary dif
    5·1 answer
  • RamsayRamsay Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Eac
    12·1 answer
  • Larry values attending NoName at 15000 per year. What is Larry;s economic surplus if he attends state college
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!