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3 years ago

Supply affects prices

Business

1 answer:

vitfil [10]3 years ago

8 0

Answer:

Over supply or undersupply affects the prices

Explanation:

The level of supply of a product or service in the market affects its price. When a product is over-supplied, the prices tend to fall. The principle will work best for necessary goods such as food and gas, but will also apply in all commodities.

For example, during the rainy season, vegetables and other agricultural products are in high supply. As a result of their prices tend to decline. If the supply of oil is low globally, price tends to increase.

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Sina looks over annual performance evaluations for all employees in the sales department. Based on their performance, she deter

Anni [7]

Answer:

Sina looks over annual performance evaluations for all employees in the sales department. Based on their performance, she determines who is eligible for merit-based salary increases. Sina belongs to the human resources work group.

Option E is the correct answer.

Explanation:

Option E is the correct answer, the reason being that the human resources department supervises all the employees' performance and incentive associated matters.

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3 years ago

Read 2 more answers

British Textile Manufacturer entered into a contract with Cotton Broker for 2,000 bales of cotton to be shipped from India to En

sukhopar [10]

Answer:

Yes, there was a bilateral mistake of material fact.

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3 years ago

A manufacturer creates massive demand for its new plastic sandal and greatly increases its production level. Over time, its high

IRISSAK [1]

Answer:

The answer is: Economies of scale

Explanation:

Economies of scale are the diminished cost by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because fixed costs are spread over a larger number of goods. There are implications in variable costs as well (for example in obtaining discounts by large purchases from suppliers). In general, the larger the scale, the more cost savings.

The cost per unit depends on how much the company produces. Larger companies can produce more by spreading the cost of production over a larger amount of goods. Specialization of labor and more integrated technology boost production volumes. Lower per-unit costs can come from bulk orders from suppliers, larger advertising buys, or lower cost of capital. Spreading internal function (for ex: accounting, information technology, and marketing) costs across more units produced and sold helps to reduce costs.

<u>The sustained increase in demand impacts on producers. Now they produced more units, being able to achieve economies of scale and the benefits previously described. </u>

4 0

4 years ago

Which sentence best explains the mistake Maggie made? Her mortgage payments are high, and some months, she earns barely enough t

blondinia [14]

Answer:

She failed to properly assess her risk of storm damage.

Explanation: Edge 2021

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3 years ago

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 20

7nadin3 [17]

Answer:

1 Jan 2021- Debit Investment $220 million, Credit Bank $201 million, Credit Discount received $19 million.

30 June 2021 Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December 2021 Debit Fair value loss $10 million, Credit Investment $10 million.

Explanation:

Required: prepare journal entries.

interest income = 220 million *0.08 *6/12= $8,800,000

fair value gain or loss = opening fair value - fair value at the end of the year

= 220 million - 210 million

= $10 million

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4 years ago