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
Zina [86]
3 years ago
12

hen a store has a sale, it cuts the prices on the goods it sells. Is that more likely to happen when there is a surplus orwhen t

here is a shortage
Business
1 answer:
ch4aika [34]3 years ago
5 0
When there is a surplus. Obviously the producer/seller has more of the item than the consumer/buyers want or need. Therefore, they (producers) are reducing the price to unload the item. A surplus tends to cause prices to fall.
You might be interested in
Palepu Company owns and operates a delivery van that originally cost $38,080. Straight-line depreciation on the van has been rec
Readme [11.4K]

Answer and Explanation:

The computation is shown below;

But before that the depreciation expense per year is

Depreciation per year = (Cost - Residual value) ÷ Useful life

= ($38,080 - $2,800) ÷ 6 years

= $5,880

1.Net book value as on disposal date is

= $38,080 - ($5,880  × 3)

= $20,440

2.

We know that

Gain on sales = (Sales - Book value)

Gain = $(20,400 - 20,400) = 0

a. Loss = $13,000 - $20,440 = -$7,440

b. Loss = $10,000 - $20,440 = -$10,440

4 0
2 years ago
On January 1, 2004, Kay Inc. issued its 10% bonds in the face amount of $400,000, which mature on January 1, 2014. The bonds wer
DaniilM [7]

Answer:

Unamortized discount is $43,700

Explanation:

Unamortized bond discount=original bond discount-amortization to date

original bond discount is $46,000

Amortization =interest  payable-interest expense

interest payable=$400,000*10%*6/12

                            =$20,000

Interest expense=$354,000*10%*6/12

                             =$17,700

amortization of discount=$20,000-$17,700

                                        =$2300

unamorized bond discount=$46000-$2300

                                            =$43,700

The unamorized bond discount at the end of the first six months is $43,700

                     

3 0
3 years ago
Using the word “CAPITALISM,” create an acrostic poem that demonstrates your understanding of the term. Feel free to come back an
pogonyaev

Answer:

Capitalism is an economic system based on investing money in the expectation of making a profit. The means of production are usually privately owned by private entrepreneurs who often use wage labor to create added value. In doing so, they enjoy a great deal of legal freedom to dispose of these means, free enterprise production. This freedom also means that there is competition, which means that entrepreneurs have an interest in increasing the efficiency of their company. Hence, the capital owner will not fully consume the profit but reinvest in the business and capital accumulation takes place. The distribution of products is regulated by the market, in which the role of the government is, in principle, limited to that of market master.

6 0
2 years ago
Scarcity in economics means that: A) we often do not have sufficient resources to achieve our objectives. B) the wants of people
DanielleElmas [232]

Answer:

A) we often do not have sufficient resources to achieve our objectives

Explanation:

Scarcity is an economic problem that comes with scarce resources and unlimited wants. In this situation people have to decide on how to allocate resources better so as to satisfy their need, which involves opportunity cost.

Scarcity occurs when resources needs to satisfy ends are limited in supply. It is a foundational problem in economics.

5 0
3 years ago
Read 2 more answers
Suppose that a bank has loaned money to two businesses: a trustworthy computer manufacturer and a risky mining venture. Unfortun
Vladimir [108]

Answer:

The situation is called insolvency. bank is unable to pay to depositor.

Explanation:

The situation is called insolvency. insolvency is refer to the situation when debtor is unable return its debt.  The same is happened in the given situation. In the above case due to not paid by manufacturing unit, bank is unable to pay to depositor.

Insolvency is refer to that critical condition when debtor unable to pay amount to depositor. In the above given case even if bank want to sell its all assets it cannot cover its liabilities.

3 0
3 years ago
Other questions:
  • Bargaining power of buyers tends to be higher when a company sells a popular product to multiple buyers than when a company is d
    6·1 answer
  • Piper owns a vacation cabin in the Tennessee mountains. Without consider-ing the cabin, she has gross income of $65,000. During
    11·1 answer
  • Budgeting competency requires the ability to:__________
    11·1 answer
  • According to Piaget, children in the preoperational stage are able to Group of answer choices reason abstractly and test hypothe
    12·1 answer
  • Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice a
    10·1 answer
  • 5) Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.
    14·1 answer
  • Segmentation based on some observable actions or attitudes by prospective customers, such as what benefits they seek, as well as
    7·1 answer
  • Tall Guys Clothing has a 45-day collection period. Sales for the next calendar year are estimated at $2,100, $1,600, $2,500 and
    15·1 answer
  • Howie Long has just learned he has won a $506,300 prize in the lottery. The lottery has given him two options for receiving the
    11·1 answer
  • The combination of media, Internet, entertainment, and phone services into a single device illustrates the principal of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!