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
ololo11 [35]
3 years ago
15

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.

You might be interested in
By keeping employees’ personal records confidential, an employer respects their right of:
nika2105 [10]

Answer: PRIVACY. 100% postive

Explanation:

7 0
3 years ago
Which of these is similarity between being self-employed and owning a business?
lys-0071 [83]

The similarity between being self-employed and owning a business out of the above choices is that you or your business produces something. Whether you personally make it or you own a business that produces something, something is being produced. You are your own boss in both situations, you likely make all of the decisions in both but with owning your own business there is a team that can help. Normally if you are self-employed you can't take time off and generate revenue because you are the sole worker.

3 0
3 years ago
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company
Natali5045456 [20]

Answer:

Goldnest company

A. Journal entries

1.Raw Materials Purchased.

Debit Direct Raw materials Account with $ 169,000

Credit Accounts Payable Account with $ 169,000

2.Labour Costs incurred

Debit Direct labor with $ 156,000

Debit Indirect labor with $ 182,000

Debit Sales commissions with $ 25,000

Debit Administrative salaries with $ 45,000

Credit Cash with $ 408,000

3.Rentals Costs for the year

Debit Factory Rent for the year with $13,900

Debit Office Rent for the year with $5,900

Credit Cash Account with $18,900

4. Utility costs incurred in the factory

Debit Factory Utility Account with $20,000

Credit Cash Account with $20,000

5.Advertising Expense Incurred

Debit Advertising Expense Account with $15,000

Credit Cash Account with $15,000

6. Depreciation recorded on equipment

Debit Depreciation on Factory equipment with $15,000

Debit Depreciation on Office equipment with $6,000

Credit Accumulated depreciation with $21,000

7.Sales in the Year

Debit Cash Account with $509,000

Credit Sales with $509,000

B. T Accounts are included in the attached for your understanding

C. Manufacturing overhead has been over applied by $34,300. Workings of this has been attached for your understanding

D.income statement closes with a net profit of $195,000. Refer to attached for detailed breakdown

Explanation:

4 0
3 years ago
Which of the following statements is CORRECT? a. The reported income of two otherwise identical firms cannot be manipulated by d
Delicious77 [7]

Answer: The correct answer is "d. The income statement for a given year is designed to give us an idea of how much the firm earned during that year.".

Explanation: The statement "d. The income statement for a given year is designed to give us an idea of how much the firm earned during that year." is CORRECT because In accounting, the income statement is a financial statement that shows in an orderly and detailed way how the result of the year was obtained during a given period.

This financial statement is closed, since it covers a period during which the costs and expenses that gave rise to its income must be perfectly identified. Therefore, it must be perfectly applied at the beginning of the accounting period so that the information presented is useful and reliable for decision making.

8 0
3 years ago
Kinder Enterprises relies heavily on a copier machine to process its paperwork. Recently the copy clerk has not been able to pro
Elza [17]

Answer:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

Explanation:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

The current copier should be replaced. The incremental analysis shows that net income for the five-year period will be $3,000 higher by replacing the current copier.

6 0
3 years ago
Other questions:
  • When silicon chips are fabricated, defects in materials (e.g., silicon) and manufacturing errors can result in defective circuit
    15·1 answer
  • A local bank will pay you $275 at the end of each year for your lifetime if you deposit $4,400 in the bank today. If you plan to
    15·1 answer
  • The graph shows the price of a good compared to the quantity demanded and the quantity supplied. On this graph, what does the gr
    15·1 answer
  • In an e-business innovation cycle, after an organization scans the environment for new emerging and enabling technologies, the n
    14·2 answers
  • Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future v
    11·1 answer
  • Ruby Company produces a chair for which the standard specifies 5 yards of material per unit. The standard price of one yard of m
    15·1 answer
  • Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
    13·1 answer
  • What disadvantages could others' management responsibilities bring to your project? For instance, purchase and management of the
    14·1 answer
  • Outsourcing some production is a means of supporting a constraint. Group of answer choices TRUE FALSE
    14·1 answer
  • A building rents for $5 per square foot, and there is an index of 1.5. the following year the index climbs to 1.8. the rent is t
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!