The factor that would not affect the position of the supply curve for cranberries is the popularity of cranberry drinks.
The supply curve is a graph that shows the relationship between price and the quantity supplied. The supply curve is positively sloped. A change in the position of the supply curve can either be an outward shift or an inward shift. An outward shift indicate an increase in supply and an inward shift indicates a decrease in supply.
An increase in the price of agricultural land and the cost of fertilizers increases the cost of producing cranberries . This would lead to an inward shift of the supply curve. On the other hand, a decrease in the price of agricultural land and the cost of fertilizers would lead to an outward shift of the supply curve.
The development of a new pest control for cranberry production would lead to an outward shift of the supply curve as more cranberries can be produced.
Please check the attached image for a graph showing an increase in supply. To learn more about the supply curve, please check: brainly.com/question/1915798
Answer: $230,500
Explanation:
Goodwill is the amount over the value of a company that is purchased for.
Fair market value is the relevant value used in goodwill calculation because it represents the current value of the assets acquired.
Goodwill = Acquisition price - Fair market values of the assets
= 511,000 - 35,000 - 183,000 - 46,500 - 16,000
= $230,500
Answer:
The correct answer is option B.
Explanation:
As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.
Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.
Answer:
Cost of good manufactured= $50000
Explanation:
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
<u>Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. </u>They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $15000
Direct Labor=$30000
Factory overhead=$5000
Total= $50000
Answer: True, this process is the controlling of managerial function
Explanation: Being manager of a large retail chain, means she has a lot of work to do. It requires her as a manager to set goals and make sure they are achieved. When she noticed the underperforming in two stores, she sets a meeting with the manager so as to come up with a corrective action to the underperforming stores. By her doing that, she has done controlling of managerial function.
