I am pretty sure it would be the first 2 but I am not the best at this. I am so sorry if this isn't correct!!
Answer:
The correct answer is letter "B": equilibrium quantity to rise and the equilibrium price to fall.
Explanation:
Given the market for a certain product, in case both the demand and supply of that good increase, as the demand increases, <em>the equilibrium quantity is likely to increase</em>. Every time the equilibrium quantity increases, <em>the equilibrium price tends to fall</em>.
Answer:
D) vertical
Explanation:
The vertical sphere in supply chain management refers to the number of:
- upstream components: suppliers and the processes that involve them, e.g. transportation
- manufacture processes
- downstream components: transportation, distributors, wholesalers, retail stores
Answer:
Current Liabilities
Federal Income Taxes Payable $336,000
Advances on Magazine Subscriptions $1,593,750
Total Current Liabilities $1,929,750
Explanation:
Federal Income Taxes Payable
This is a current Liability as it falls under a period of a year. As March ends the first quarter, the quarterly tax is;
= 840,000 x 40%
= $336,000
Advances on Magazine Subscriptions
They are to deliver monthly subscriptions for 12 months to the tune of 25,000 copies which they have already been paid for. Under the Accrual system they cannot recognize this as revenue until they have fulfilled their obligation to deliver the magazines and until then, they are current Liabilities. As of end of March, they have fulfilled their obligations for 3 months leaving 9 in the year.
= 25,000 x $85 x 9/12
=$1,593,750