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skelet666 [1.2K]
3 years ago
13

There will be a higher equilibrium price and lower quantity if _____.

Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

Supply decreases

Explanation:

Equilibrium is a balanced scenario where demand matches supply. At equilibrium, both sellers and buyers are happy with the current price. The market has no excess demand or supply or demand.

A decrease in supply while demand stays constant results in many customers competing for the few products in the market. There will be scarcity because the supply cannot satisfy demand. The supply curve shifts outwards or to the right resulting in a new and higher equilibrium point. The price will increase while the quantity supplied declines.

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The book balance in the checking account of Kyri Enterprises as of November 30 is $2,964. The bank statement shows an ending bal
lianna [129]

Answer:

1)

reconciliation of bank balance:

bank balance $2,525

+ deposits in transit 11/29 $125

+ deposits in transit 11/30 $200

- outstanding check N. 322 $17

- outstanding check N. 324 $105

- outstanding check N. 327 $54

adjusted bank balance $2,674

reconciliation of checking account:

checking account balance $2,964

+ error on Check N. 321 $20

- NSF check $185

- unrecorded ATM withdrawal $100

- bank fees $25

adjusted checking account $2,674

2)

To correct the error on Check N. 321

Dr Cash 20

    Cr Accounts payable 20

To record NSF check

Dr Accounts receivable 185

    Cr Cash 185

To record ATM withdrawal

Dr Drawing - Susan Kyri 100

    Cr Cash 100

To record the bank fees

Dr Bank charges 25

    Cr Cash 25

4 0
3 years ago
Bay area peeps zoom anyone? ...bored lol
Leni [432]

Answer:

Haha no

Explanation:

6 0
2 years ago
Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False
Sergeeva-Olga [200]

Answer:

Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.

This statement is true

Explanation:

Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.

5 0
3 years ago
Rubina is the director of procurement at Baines Corporation. She plans to send a memo to the employees in her department outlini
Romashka-Z-Leto [24]

Answer: describe the bottom line of the policy changes at the beginning of the memo

Explanation:

The options to the question are:

a. describe the bottom line of the policy changes at the beginning of the memo.

b. include an apology at the end of the memo stating the inconveniences that could be caused due to the new policy.

c. present the rationale for the new policies at the memo's beginning.

d. highlight controversial issues, which could arise after the new policies have been implemented, in the memo.

From the question, we are informed that Rubina is the director of procurement at Baines Corporation and that she plans to send a memo to the employees in her department outlining some changes in the company's personnel policies as she believes that most of the employees will view the changes favorably.

Since she is of the opinion that most of the employees will view the changes favorably, she can describe the bottom line of the policy changes at the beginning of the memo. This is because she believes the memo will get a favourable audience. In a situation whereby she is not sure if it will be favourable, in the begining of the memo, she may have to offer and apology and tell them the rationale behind the memo before going into further details.

8 0
3 years ago
A pest control company sprays insecticide around the perimeter of a 180 ft by 180 ft building. if the spray costs $0.11 per foot
Bess [88]
To the nearest dollar, it would cost $3,564
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3 years ago
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