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emmasim [6.3K]
3 years ago
5

Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to

Business
1 answer:
Iteru [2.4K]3 years ago
3 0

Options:

<em>a. Shift to the left, causing the prices of carrots to rise</em>

<em>b. Shift to the left, causing the prices of carrots to fall</em>

<em>c. Stay the same</em>

<em>d. The supply curve does not shift. Only the demand curve shifts.</em>

<u>Answer:</u>

<u>a. Shift to the left, causing the prices of carrots to rise</u>

<u>Explanation:</u>

Indeed, going by the law of supply and holding all other factors constant, we would expect the supply curve to shift to the left, which implies that there would be an increase in the price of carrots.

What this means is that because there are now fewer carrots in the market as a result of the effects of the bad weather, there would be scarcity and so sellers would increase prices.

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Answer:

True

Explanation:

There are two reason which suggest that action will generate greater inequality.

1. some amount is stolen by government official thus fund is getting allocated to person who are already self-sufficient hence causing inequality

2. even left portion of fund is not allocated proportionally to all the area and thereby increasing the inequality.

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Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 330,000 Income tax expe
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Answer:

The preparation of the multiple-step income statement is presented below:

Explanation:

The preparation of the multiple-step income statement is presented below:

                                        Beasley, Inc

                     Multiple-step income statement

                            December 31, 2021

Sales revenue                 $330,000

Less: Cost of goods sold  -$129,000

Gross profit                      $201,000

Less: Operating expenses

Salaries expense $38,000

Advertising expense $21,000

Utilities expense $43,000

Total operating expenses -$102,000

Operating income             $99,000

Non operating income or others

Less: Interest expense          $10,000

Total non operating income $10,000

Income before taxes         $89,000

Less: income tax expense -$35,000

Net income                           $54,000

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Toward the end of the fiscal year, the owner of a small company came back from lunch concerned because he had learned that a bus
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Answer:

C) the competitive-parity method

Explanation:

Based on the scenario, it can be said that the method of promotional budgeting that the owner wants to use is known as the competitive-parity method. This method basically describes taking the total budget amount that a competitor is allocating towards marketing and spending that exact same amount for your own company's marketing.

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Explanation:

April 16: Dr Short-term investment (6000*24) 144000

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(To record purchase of shares of Gem co)

July-7: Dr Short-term investment (3000*55) 165000

                                                            Cr Cash 165000

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July-20. Dr Short-term investment (1500*15) 22500

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[N#1: 24-30.75= 6.75 *3000 = 20250]

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