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3 years ago

What effect will each of the following have on the supply of auto tires? (Keeping all else constant)

Business

1 answer:

vlabodo [156]3 years ago

5 0

Answer:

Explanation:

a. Total supply of auto tires will increase because firms will produce more. In the Demand and Supply graph the supply curve will shift to the right.

b. Total supply will decrease because there are less tires offered on the market. In the Demand and Supply graph the supply curve will shift to the left.

c. Total supply will decrease because cost of production will increase, then firms will offer less quantity of tires. In the Demand and Supply graph the supply curve will shift to the left.

d. Total supply will decrease because firms will perceive less benefits of selling auto tires in the future. In the Demand and Supply graph the supply curve will shift to the left.

e. The total supply could increase if large tires producers decide to produce auto tires because it is more attractive. In the Demand and Supply graph the supply curve will shift to the right.

f. Total supply will decrease because the tax creates incentives to produce less. In the Demand and Supply graph the supply curve will shift to the left.

g. Total supply will increase because the subsidy creates incentives to produce more. In the Demand and Supply graph the supply curve will shift to the right.

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LO 8.5When might an unfavorable variance be a good outcome?

ivolga24 [154]

Answer: An unfavorable variance can be used to detect a drop in estimated income early, and then solutions to the challenge can be identified.

Explanation:

An unfavorable variance is the difference between a company's projected expectation and the actual outcome of a financial activity of the company, where the actual outcome is less favorable than the projected expectation.

The information from an unfavorable variance can help alert a company to a negative outcome early, and the company's leadership can then find ways of solving the cause of the negative outcome.

7 0

3 years ago

A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Stat

vfiekz [6]

Answer:

See explanation section

Explanation:

See image below to get the possible answer:

3 0

2 years ago

The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive fi

Georgia [21]

Monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

<h3>What is a monopoly?</h3>

A monopoly occurs when there is a single seller in the market.
The monopoly case is considered the polar opposite of perfect competition in conventional economic theory.
The demand curve facing the monopolist is, by definition, the industry demand curve, which is downward sloping.

<h3>What is oligopoly?</h3>

Oligopolistic markets are characterized by a small number of suppliers.
They can be found in all nations and in a wide range of industries.
Some oligopoly markets are very competitive, whereas others are substantially less so, or appear to be.

Monopolistically competitive enterprises, unlike monopolies and oligopolies, cannot influence market prices only through their size.

Therefore, monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

Know more about monopoly here:

brainly.com/question/13113415

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Correct question:

The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive firms.

(A) cannot influence the market price by virtue of their size alone.

(B) are price takers.

(C) do not have a price as a decision variable.

(D) benefit from barriers to entry.

7 0

1 year ago

At the beginning of the year, Smith Company budgeted overhead of $129,600 as well as 13,500 direct labor hours. During the year,

andre [41]

Answer:

Part 1

$9.60

Part 2

$11,129

Part 3

Journal 1

Debit : Overheads $172,500

Credit : Equipment lease $ 6,800

Credit : Depreciation on building 19,340

Credit : Indirect labor 90,400

Credit : Utilities 14,560

Credit : Other overhead 41,400

<em>Being overheads incurred</em>

Journal 2

Debit : Work In Process $173,760

Credit : Overheads $173,760

<em>Being overheads applied</em>

Part 4

under-applied overheads is $1,260

Part 5

$636,860

Explanation:

Overhead rate = Budgeted Overheads ÷ Budgeted Activity

= $129,600 ÷ 13,500

= $9.60

Total cost (Job K456) = $2,750 + $5,355 + $3,024 = $11,129

Actual Overheads = $ 6,800 + $19,340 + $90,400 + $14,560 + $41,400 = $172,500

Applied overheads = 18,100 x $9.60 = $173,760

Since, Actual Overheads < Applied overheads, overheads have been under-applied. Amount of under-applied overheads is $1,260 ($173,760 - $172,500)

Under-applied overheads are added to cost of goods sold. Therefore, adjusted cost of goods sold will be $636,860 ($635,600 + $1,260)

7 0

2 years ago

Which of the following is a correct statement about promoting energy conservation?

Paladinen [302]

Answer:

we need to know what the options are

Explanation:

4 0

2 years ago