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Misha Larkins [42]
3 years ago
7

Which of the following most accurately explains why the supply curve for a good slopes upward to the right?

Business
1 answer:
goldenfox [79]3 years ago
3 0

Answer:

c. There is a direct relationship between a good’s price and the amount offered for sale by suppliers.

Explanation:

According to the law of supply concept, it shows a direct relationship between the price and the quantity supplied.  

As the price is rising, the quantity supplied also increases and if the rice is declining, the quantity supplied is also decreases

Since the supply curve slopes upward in the right direction which reflects the direct relationship between the price and the quantity supplied.

You might be interested in
Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.
anastassius [24]

Answer: $3,300,000

Explanation:

Accounting formula:

Assets = Equity + Liabilities

Total equity and liabilities on March 31 is:

= Beginning balance - decrease in liabilities + Increase in Equity

= 5,000,000 - 100,000 + 400,000

= $5,300,000

Assets therefore has to be $5,300,000 on the same date.

Assets = New cash balance + Other assets

5,300,000 = (2,200,000 - 200,000) + Other assets

Other assets = 5,300,000 - 2,000,000

= $3,300,000

4 0
3 years ago
Which is the best measure of risk for a single asset held in isolation (Stand Alone Investment), and which is the best measure f
borishaifa [10]

Answer:

  • Single asset = Coefficient of Variation
  • Portfolio = Beta

Explanation:

When dealing with standalone risk, coefficient of variation is best because it shows the amount by which the asset's returns might deviate from the average returns of the market.

As for portfolio assets that are well diversified, the best measure would be beta because diversified portfolios deal with systematic risk and beta shows the movement of the portfolio in relation to the market and so will show that systematic risk.

4 0
3 years ago
A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold f
Dimas [21]

Answer:

c and e

Explanation:

8 0
3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. A
g100num [7]

Answer:

0.67

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If the family buys one can of soup, the opportunity cost is the frozen food forgone.

Opportunity cost of one can of soup = 60 / 90 = 0.67

I hope my answer helps you

8 0
3 years ago
At December 31, 2019, Blanda Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2020, Blanda wro
Alex73 [517]

Answer:

journal entries

Write-off

Debit Bad Debts expense $11,000 Credit Accounts receivable $11,000

Recovery

Debit Bank $1,800 Credit Bad Debt Recovered income $1,800

Allowance for Doubtful debt Adjustment

Debit Allowance for doubtful debt Adjustment $4,000 Credit Allowance for doubtful debt $4,000

Explanation:

Write-off

The write-off creates an expense (bad debt) and and decreases an asset ( Accounts receivable)

Recovery

Since the amount has been written off as bad, when it is recovered it is no longer recognized as a payment on accounts receivable but an income the entity thought was lost.

Allowance for doubtful debt adjustment

The differences in the opening balance and closing balance either creates an expense or an income adjustment. These estimates are on net Accounts receivables ( after bad debts) are a negative assets.

19000 - 15000 = 4000(increase) adjustment and is an expense.

7 0
3 years ago
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