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
elena-14-01-66 [18.8K]
3 years ago
15

Competition among more shoe sellers will _____ the price of shoes. increase decrease not change

Business
2 answers:
storchak [24]3 years ago
8 0
Decrease is correct answer.
Alborosie3 years ago
6 0
<span>Competition among more shoe sellers will DECREASE the price of shoes.</span>
You might be interested in
Government survey takers determine that typical family expenditures each month in the year designated as the base year are as fo
valentina_108 [34]

Answer:

CPI = NEW PRICE / OLD PRICE = 776 / 760 = 1.02

INFLATION = CPI / OLD PRICE x 100 = 1.02 / 760 x 100 = 0.13%

Explanation:

Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows:

• 25 pizzas, $10 each •

Apartment rent, $600 per month

• Gasoline and car maintenance, $100 per month

• Phone service (basic service plus 10 long-distance calls), $50 per month In the year following the base year,

the survey takers determine that pizzas have risen to $11 each, apartment rent is $610, gasoline and maintenance costs are $115, and phone service has dropped in price to $40.a. Find the CPI in the subsequent year and the rate of inflation between the base year and the subsequent year.

ITEM             OLD PRICE        NEW PRICE

pizzas,                 $10                   $11

Apartment rent, $600                $610

Gasoline             $100                 $115

Phone service     <u>$50</u>                  <u>$40</u>

TOTAL.                <u>760</u>                   <u>776</u>

<u />

CPI = NEW PRICE / OLD PRICE = 776 / 760 = 1.02

INFLATION = CPI / OLD PRICE x 100 = 1.02 / 760 x 100 = 0.13%

6 0
3 years ago
What part of a check is the least important
tatiyna
The memo line is the least important part.
3 0
3 years ago
Read 2 more answers
Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
Firdavs [7]

Answer:

a. 1.14

Explanation:

The current ratio is a financial measure that shows how many times the current assets of an entity may be used (covers) the current obligations (liabilities) of the entity.

It is given as current assets divided by current liabilities.

Astin Company’s current ratio

= $82530/$72120

= 1.14

This means that the current assets will settle the current liabilities 1.14 times.

6 0
3 years ago
ABC had a net income of $8,000, $5,000, $12,000, and $10,000 over the first four years of the company's existence. If the averag
Nezavi [6.7K]

Answer:

B) $23,000.

Explanation:

ABC's accumulated net income (or retained earnings) over the past four years = $8,000 + $5,000 + $12,000 + $10,000 = $35,000

ABC's accumulated dividends paid over the past four years = $3,000 x 4 = $12,000

Since dividends are paid using money that proceeds from retained earnings, the balance of the retained earnings account = accumulated retained earnings - accumulated dividends = $35,000 - $12,000 = $23,000

4 0
3 years ago
During the​ year, direct labor costs of​ $30,000 were​ incurred, manufacturing overhead totaled ​$42,000, materials purchased we
andriy [413]

Answer:

Total Manufacturing Cost = $96,347

Explanation:

Total manufacturing cost include all the costs related directly to the production, and does not include any indirect costs, or cost of selling and administration.

Thus, for the information provided we have,

Since not provided assumed no opening and closing inventory.

Total manufacturing cost =

Direct Labor Cost $30,000

Add: Manufacturing Overhead $42,000

Add: Materials Purchased $27,000

Less: Indirect Material included = ($2,653)

Total Manufacturing Cost = $96,347

4 0
3 years ago
Other questions:
  • If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is
    13·1 answer
  • GDP would include all of the following except:
    5·1 answer
  • Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your co
    5·1 answer
  • Because time is of the essence, volunteers should be interviewed: A. Every week with as many persons who have volunteered. B. At
    5·1 answer
  • You have just received notification that you have won the $1.4 million first prize in the lottery. However, the prize will be aw
    6·1 answer
  • Cheyenne Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the trans
    10·2 answers
  • On January 1, 2016, NFB Visual Aids issued $800,000 of its 20-year, 8% bonds. The bonds were priced to yield 10%. Interest is pa
    9·1 answer
  • Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
    15·2 answers
  • 5.Is it easier for a few firm to enter the market under found in oligopolis competition or oligopolis? Why?
    9·1 answer
  • Avery Co. has $1.1 million of debt, $1 million of preferred stock, and $2.2 million of common equity. What would be its weight o
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!