All categories

3 years ago

The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )

Business

1 answer:

Paladinen [302]3 years ago

5 0

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

You might be interested in

Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea

sveta [45]

Answer:

(A) Jean has absolute advantage in baking cakes 12 to 10

(B) Vincent comparative advantage in baking pizza as his opportunity cost is lower: 0.5

(D) Jean comparative advantage in making pizza

Explanation:

(A) jean bakes 12 cakes per hour while Vincent bakes 10

(B) it willl be the pizzas it renounce to do for baking:

Vincent: 5/10 = 0.5 opportunity cost for baking: make 0.5 pizzas

Jean 8/12 = 2/3 = 0.66 opportunity cost for baking: makie 0.66 pizza

(D) As Vincent has a lower opportunity cost for baking, it will have a higher opportunity cost for making pizzas. Thus, Jean will be comparative advantage

5 0

3 years ago

On March 29, customers who owe $13,981 on account to Sonic Sales Company submit payments of $7,687. Required: Journalize this ev

Elanso [62]

Answer:

Debit Cash accounts $7,687

Credit accounts receivables $7,687

Being entries to record cash receipt from customer.

Explanation:

When customers purchase on account, the entries required are credit sales and debit accounts receivables.

When cash is paid, Debit cash account and credit accounts receivables with the amount paid. This has a net effect on account receivables and so the balance in the account is reduced.

8 0

3 years ago

Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made within the

xenn [34]

Answer:

The capitalized cost = $187,600

so correct option is C. $187,600

Explanation:

given data

cost = $180,000

terms of 5/15, n/45

Shipping costs = $4,600

insurance in transit = $200

Installation costs = $12,000

wall and rebuilding = $4,000

to find out

The capitalized cost of the 10-ton draw press is

solution

we get here The capitalized cost that is express as

The capitalized cost = Purchase price + Shipping Costs + Installation costs ......................1

so here Purchase price is = $180,000 × ( 100% - 5% )

so that

The capitalized cost = ($180,000 × 95%) + $4,600 + $12,000

The capitalized cost = $187,600

so correct option is C. $187,600

5 0

3 years ago

An insurance firm that follows the systems development life cycle concept for all major information system projects is preparing

lyudmila [28]

Answer:

The correct answer is Technology and related costs.

Explanation:

Feasibility refers to the availability of the resources necessary to carry out the stated objectives or goals. Generally the feasibility is determined on a project.

The feasibility study is one of the first stages of the development of a computer system.

The study includes the objectives, scope and restrictions on the system, in addition to a high-level logical model of the current system (if it exists). From this, alternative solutions are created for the new system, analyzing for each of these, different types of feasibility.

5 0

4 years ago

According to Butner (2011), performance optimization concept is described as a multi-enterprise, supply demand balancing solutio

grin007 [14]

Answer:Segregate events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply.

Explanation: Performance optimization is a term used to describe the various changes and modifications made to a business in order to ensure that the performance meets the required set levels.

According to Burner(2011)the Segregation of events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply is not one of the core features of performance optimization.

8 0

4 years ago