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Allushta [10]
3 years ago
5

Businesses across the country are starting to install extra insulation in their buildings and warehouses. Households are now dec

iding to install more insulation as well. Which of the following outcomes would you predict will happen to the market for oil?a) Equilibrium price and quantity of oil will increase. b) Equilibrium price and quantity of oil will decrease.c) Equilibrium price will decrease and quantity will increase. d) Equilibrium price will increase and quantity will decrease.
Business
1 answer:
8090 [49]3 years ago
4 0

Answer:

The answer is: B) Equilibrium price and quantity of oil will decrease.

Explanation:

When a company or a family installs extra insulation in their buildings or homes, then they will end up spending less money on both their electricity and heating bills. That will result in a lower demand for oil, so the price of oil will go down. As oil prices go down, the oil companies will decrease the oil supply until a new equilibrium point is reached.

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The business cycle is: a. the pattern of increases and decreases in the money supply. b. the term used to describe fluctuations
leonid [27]

Answer:

The correct answer is option b.

Explanation:

The business cycle can be defined as the fluctuations in the level of output of goods and services produced in an economy in a year. It is also referred to as the trade cycle.  

The business cycle consists of several stages such as recession, depression, expansion, boom or peak, recovery, etc.

The output level tends to fluctuate around its long term trend.

8 0
3 years ago
Are specialized accountants who look for evidence of improper
oksian1 [2.3K]

Answer:

A. Forensic accountants

Explanation:

Forensic accountants possess auditing and investigative skills. Their work entails examining financial records and statements in search of evidence for any financial misleading. Forensic accountants are trained and qualified accountants or auditors. They acquire investigative skills through specialized training.

5 0
3 years ago
During the month, merchandise is sold for $23,500 cash and for $34,000 on account. the cost of merchandise sold is $41,500. what
AURORKA [14]
In getting the gross profit, you need to add all the assets and less the expenses. See below:

Asset - Expenses = Profit

Below are the assets:
$ 23,000 cash on hand 
$ 34,000 cash on bank

Therefore the total asset is $ 57,500

While the expense is $41,500

Solution:  $57,500 - 41, 500 = $16,000



I hope it helps 
4 0
3 years ago
A company purchased a weaving machine for $264,970. The machine has a useful life of 8 years and a residual value of $14,500. It
slava [35]

Answer:

$37,455

Explanation:

The computation of the depreciation per units or bolts under the units-of-production method is shown below:

= (Original cost - residual value) ÷ (estimated production bolts)

= ($264,970 - $14,500) ÷ (759,000 bolts)

= ($250,470) ÷ (759,000 bolts)

= $0.33 per bolt

Now for the second year, it would be

= Production units in second year × depreciation per bolts

= 113,500 units × 0.33

= $37,455

This is the answer and the same is not provided in the given options

4 0
3 years ago
When you make sure you are using up-to-date information, you are using _____ information.
Ghella [55]
When you make sure you are using up-to-date information, you are using current information.
5 0
3 years ago
Read 2 more answers
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