Answer:
d. The cost of producing blue jeans will fall, and the supply curve for blue jeans will shift to the right
Explanation:
If the price of cotton falls, the cost of producing blue jeans would fall. As a result of the fall in the cost of production, more producers would be attracted to the industry and production would increase. Increase in supply of blue jeans would shift the supply curve to the right.
I hope my answer helps you
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
Answer:
profit for the day $ 2,001.64
Explanation:
We should subtract from the revenue of the 200 sandwhich prepared and sold the variable cost to made the sandwhihc the loss for the lost sales and the proportional fixed cost considered are allocated among the 25 days which the restaurant is open.
200 x $15 dollars = $ 3,000
28 x $5 loss sales: $ (140)
variable cost: 200 x $4 $ (800)
proportional fixed cost:
(1,234 + 225) / 25 = <u> $ (58.36) </u>
profit for the day $ 2,001.64
Answer:
Let's say that the value of the US dollar goes down due to inflation.
A startup business would have to pay more money to it's employees, spend more money on products, try and charge the same prices, and lose a lot of money. Essentially, more money would be going out than coming in.
Answer:
$510 million
Explanation:
If Stealth bank holds deposits of $600 million but has a current market value of $400 million, It holds reserves of $30 million and government bonds worth $80 million.
Therefore the value of the bank's total liabilities will be the fair value of the bank loans $400 million + reserves of $30 million and government bonds worth $80 million.
Hence, the value of the bank's total liabilities is $510 million
