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3 years ago

Read the scenario and answer the question.

Business

1 answer:

Aleksandr-060686 [28]3 years ago

6 0

Answer:

A). The price of gasoline increased in coastal cities since gasoline was harder to find.

Explanation:

As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase. In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.

Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.

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Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial informati

kotegsom [21]

Answer:

Explanation:

. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.

It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements

8 0

3 years ago

Economically valuable materials such as diamonds, tin, and platinum are associated with which ocean floor resource?

solmaris [256]

Economically valuable materials such as diamonds, tin, and platinum are associated with sand and gravel.
There is no way that oil and natural gas, evaporative salts, and manganese nodules affect the creation of diamonds, platinum and tin, whereas sand and gravel do. The formation of sand and gravel is quite important for the "birth" of these materials, given that they need suitable conditions to form.

3 0

3 years ago

Read 2 more answers

According to Keynesian business cycle theory, A. inflation is procyclical and leading. B. the procyclical movement of investmen

TEA [102]

Answer: D. the procyclical behavior of labor productivity occurs due to firms' labor hoarding practices.

Explanation:

Keynesian Economists argue that firms practice labor hoarding which is the practice of keeping workers when they should not such as when there is a Recession. They should not keep these workers because demand has slowed so keeping them means that they will not be producing to meet the demand.

The procyclical behavior of labor productivity means that labor productivity goes by the Business Cycle in that it is high when the Economy is booming and low when it is in a Recession.

Productivity is calculated by dividing goods produced by the number of labor producing them.

By refusing to fire workers during a Recession, there will be too many workers producing too few goods which will decrease labor productivity which is why according to Keynesian Economists, the productivity is low in Recessions.

7 0

2 years ago

Calculate the total producer surplus at the market equilibrium price and quantity

IgorLugansk [536]

Answer:

a is the answer

Explanation:

5 0

2 years ago

29) Sheldon Company is trying to decide which one of two contracts it will accept. The costs and revenues associated with each a

topjm [15]

Answer:

So, the relevant cash flows are Revenue, materials and labour cost.

Explanation:

A relevant cashflow is that which is future cash cost/revenue which arises as a direct consequence of a decision. For a cost or revenue to be considered a relevant cashflow it must satisfy the following conditions:

1) Futuristic 2).Cash based 3)Incremental

Relevant cash flows for the contracts are set down below:

$ $

Revenue 200,000 260,000

Materials (10,000) (10,000)

Labor (88,000) (120,000)

Net cash flow 102,000 130,000

Depreciation is not a cash item, the consulting advice fee is already a sunk cost. Apportioned overhead is also not a direct cost but sunk

So, the relevant cash flows are Revenue, materials, labour

6 0

3 years ago