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Leona [35]
2 years ago
13

Show the change in the market for gasoline that is consistent with the following statement:

Business
1 answer:
MArishka [77]2 years ago
8 0

Answer:

  • Supply reduces and supply curve shifts left.
  • Price increases

Explanation:

The Middle East supplies a significant amount of the world's oil which means that conflict there could disrupt the movement of oil in the world.

In this scenario there is a conflict. This conflict would cause the supply of oil to reduce which means that the Supply curve will be forced to shift left to show that it has dropped.

This new supply curve will then intercept with the demand curve at a higher equilibrium price thereby leading to a price increase.

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On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees
Nostrana [21]

Answer:

Jan 15

Dr Salaries expense 30,000

Cr FICA - Social sec taxes payable 1,860

Cr FICA - medicare taxes payable 435

Cr Employee medical insurance payable 484

Cr Employee union dues payable 260

Cr Salaries payable 23,961

Cr Federal income taxes payable 3,000

Explanation:

General journal debit credit

Jan 15

Dr Salaries expense 30,000

Cr FICA - Social sec taxes payable (30,000*6.2%) 1,860

Cr FICA - medicare taxes payable

(30,000*1.45%) 435

Cr Employee medical insurance payable 484

Cr Employee union dues payable 260

Cr Salaries payable 23,961

Cr Federal income taxes payable 3,000

8 0
2 years ago
Which of the following is an appropriate font and point size selection for a
Inessa [10]

Answer:

I would say Times New Roman

Explanation:

It's simpler than the others and most people prefer it for essays, letters, and portfolios.

4 0
2 years ago
The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level
antiseptic1488 [7]

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the Environmental and industry analysis.

<h3>What is a business plan?</h3>

A business plan is a formal written document that outlines the objectives of the company, how those objectives will be attained, and when they will be accomplished. The nature of the company, background information on the organization, financial estimates for the organization, and the techniques the organization plans to use to meet the stated goals are also covered. This document functions as a road map (a plan) that gives the company direction when taken as a whole.

Written business plans are frequently necessary in order to apply for a bank loan or another type of financing. Using templates and guidance, like those offered by the Small Business Administration in the United States, can make it easier to create a business plan.

To know more about a business plan visit:- brainly.com/question/15826604

#SPJ4

6 0
9 months ago
Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight
FromTheMoon [43]

Answer:

1,000

and 1,000

Explanation:

The loan rate is 8,5%

85/1000 = 8.5

The market rate is 8.5

So the loan should be sold at 1,000 which is the face value of the loan, because there is no difference between the market rate and the loan rate.

This can be calculated anyway to prove it:

present value of the annuity of $85 during 8 years at 8.5% market rate

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 85

time 8

rate 0.085

85 \times \frac{1-(1+0.085)^{-8} }{0.085} = PV\\

PV $479.3306

Present value of the maturity date:

\frac{Maturity}{(1 + rate)^{time} } = PV

Maturity 1000

time 8

rate 0.085

\frac{1000}{(1 + 0.085)^{8} } = PV

PV  $520.6694

Total present value

PV c $479.3306

PV m  $520.6694

Total $1,000.0000

7 0
3 years ago
Beatrice Company estimates that unit sales of its lawn chairs will be 8,000 in October; 8,700 in November; and 9,650 in December
mezya [45]

Answer:

Following are the solution to this question:

Explanation:

                                             Oct              Nov                  Dec              4th Quarter

Unit of budget sales            7,200 \ \ \ \ \ \ \ \ \ \ \ \ 7,400  \ \ \ \ \ \ \ \ \ \ \ \ 7,100  \ \ \ \ \ \ \ \ \ \ \ \ 21,700

 Cost for sale                       27.5 \ \ \ \  \ \ \ \ \ \ \ \ \ \ 27.5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 27.5\  \ \ \ \ \ \ \ \ \ \ \ \ \   27.5

\text{Complete selling Budgeted}  \$ \ 198,000 \ \ \ \ \ \    \$ \ 203,500 \ \ \ \ \ \ \$\ 195,250 \ \ \ \ \ \ \$ \  596,750

8 0
3 years ago
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