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Andru [333]
3 years ago
12

(Demand and Supply)What happens to the equilibrium price and quantity of ice cream in response to each of the following? Explain

your answers. a. The price of dairy cow fodder increases. b. The price of beef decreases. c. Concerns arise about the fat content of ice cream. Simultaneously, the price of sugar (used to produce ice cream) increases.
Business
1 answer:
erik [133]3 years ago
5 0

Answer: Full answer in explanation below.

Explanation:

a. The price of dairy cow fodder increases.

Because the cow fodder increases, this will cause the overall cost to make ice cream to increase. This will thus increase the equilibrium price of ice cream. Supply will decrease, and quantity will decrease because it's more expensive to produce ice cream.

b. The price of beef decreases.

Cows can be used for dairy products or to make beef. In this case farmers are making dairy poducts instead of meat. Therefore supply of ice cream will increase quantity will increase leading to a decrease in equilibrium price.

c. Concerns arise about the fat content of ice cream. SImultaneously, the price of sugar (used to produce ice cream) increases.

The concern about the fat content will lead to a decrease in the demand for ice cream. On the other hand, an increase in the price of sugar will lead to an increase in the cost of making ice cream. Less ice cream will be produced as a result. A simultaneous decrease in both supply and demand exists. This makes the price indeterminable.

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The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 70 percent of the next mo
Dahasolnce [82]

Answer:

\left[\begin{array}{ccccc}& &September&October&November\\&$sales&6000&6800&5600\\&$Desired ending&4760&3920&4270\\&$Total Needs&10760&10720&9870\\&$beginning&4200&4760&3920\\&$Production Requirement&6560&5960&5950\\\end{array}\right]

MISSING INFORMATION ATTACHED

Explanation:

\left[\begin{array}{ccccc}& &September&October&November\\&$sales&6000&6800&5600\\&$Desired ending&4760&3920&4270\\&$Total Needs&10760&10720&9870\\&$beginning&4200&4760&3920\\&$Production Requirement&6560&5960&5950\\\end{array}\right]

The sales forecasted plus the desired ending inventory is the complete needs the sales department expect to be fullfill

Then, as the company has a beginning invneotry each period a portion of this needs is already fullfil thus, the difference are the production requirements.

7 0
4 years ago
Which of the following terms describes a roadmap created by an organization to describe its current situation and where it shoul
ANTONII [103]

Answer:

enterprise architecture

Explanation:

According to my research on different business strategies and tools, I can say that based on the information provided within the question the term being described is called an enterprise architecture. Like mentioned in the question this is a blueprint/road-map that defines the structure and operation of an organization in order to achieve it's mission in the most effective way possible. Which is used by almost every business since it is an essential step in the business' success.

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

6 0
4 years ago
Read 2 more answers
Which of the following is true concerning federal budget deficits? I. The IRS spends more than it collects in taxes in a given y
ale4655 [162]

Answer:

II. The Federal Government spends more than it collects in taxes in a given year.

Explanation:

A federal budget deficit is when government spending exceeds income from taxes.

I hope my answer helps you

7 0
3 years ago
MacKenzie Company sold $680 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4.0% serv
Nostrana [21]

Answer:

Total Sales value = $680

Service charge percentage = 4%

Credit card expenses = Total Sales Value * Service Charge percentage = $680 * 4% = $27.20

Net amount received from credit card company = Total sales value - Credit card expenses = $680 - $27.20 = $652.80

The Journal entry to record sale transaction would be will be as follows:

Date    Particulars                       Debit       Credit

           Cash or Bank                 $652.80

           Credit card expenses    $27.20  

                      Sales                                       $680

            (Being sales made through card)

3 0
3 years ago
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
marin [14]

Answer:

$11,560

$5666.661

Explanation:

Given the following :

Bill received from accountant = $17,000

This year's marginal tax rate = 32%

Next year's marginal tax rate = 37%

After tax return on investment = 11%

After tax cost of bill is paid in December :

Billed amount * this year's tax rate

$17,000 * ( 1 - 0.32)

= $17,000 * 0.68

= $11,560

B) After tax cost of bill was paid in January:

Billed amount * next year's tax rate * PV factor

From the present value factor table;

PV factor (1 years, 11%) = 0.9009

Hence,

$17,000 * 0.37 * 0.9009 = $5666.661

4 0
3 years ago
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