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GREYUIT [131]
3 years ago
8

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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Which of the following observations is true?
Strike441 [17]

Answer:

Which of the following observations is true?

d. In the long run, more costs become variable.

Explanation:

The long run is a period of time in which all factors of production and costs are variable.

5 0
3 years ago
1. Interest rates on a 4-year Treasury security are currently 7%, while 6-year Treasury securities yield 7.5%. If the pure expec
Fiesta28 [93]

Answer:

The market believes that 2-year securities will be yielding 4 years from now is 8.51%

Explanation:

The pure expectations theory tries to predict what short-term interest rates will be in the future based on current long-term interest rates.

Given data;

Interest rate on 4-year treasury security = 7%

Interest rate on 6-year treasury security = 7.5%

The pure expectation theory explains  that the 6-year rate is the geometric average of the 4-year rate and the 2-year rate 4 years from now.

The 2-year rate in 4 years is represented by r

We solve;

(1  +  7.5%)⁶ =  (1  +  7%)⁴ ×  (1  +  r)²

(1 + 0.075)⁶  = (1. 0.07)⁴ ×  (1  +  r)²

1.543301526  =  1.31079601  ×  (1  +  r)²

1  +  r  =  1.08507020

r  =   1.08507020 - 1

r = 0.08507020

r = 8.51%

Therefore, the market believes that 2-year securities will be yielding 4 years from now is 8.51%.

6 0
3 years ago
In two to three sentences, describe how you would use the AutoFill shortcut.
scoray [572]
When you fill in data based on adjacent cells by dragging the fill handle in Microsoft Excel, the Auto Fill Options<span> button is displayed just below and to the right of your filled selection. When you click the</span>
Auto Fill Options<span> button, a list of options appears that allows you to choose to fill the cells with text or data, and whether or not to include the format of the initial selection or to copy only the format.</span>
4 0
3 years ago
Match each balance sheet item to its correct category.
vodomira [7]

Answer:

See below

Explanation:

Assets, Liabilities, and  Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.

<u>Assets </u>are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.

<u>Assets will be</u>

  • Cash
  • computers,
  • furniture

<u>Liabilities </u>are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.

<u>Liabilities</u>

  • Rent,
  • Loan
  • wages payable,

<u>Equity</u> is the owner's contribution to the business. They include capital and retained earnings.

Equity

  • retained owners
  • personal investment earnings,

4 0
2 years ago
Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2021, are presented below:
Elza [17]

Answer:

A.) 33,000

Explanation:

The computation of the gross profit is as follows;

But before that following calculations need to be done

Percentage of completion = Cost incurred in 2020 ÷ Total cost

where,

Total cost = Cost incurred + estimated cost

= $180,000 + $200,000

= $380,000

Now

Percentage of completion is

= $180,000 ÷ $380,000

= 47.368%

Now  

Revenue to be recognized in year 2020 is

= contract revenue × percentage of completion

= $450,000 × 47.368%

= $213,156

So,

Gross profit = Revenue - Cost

= $213,156 - $180,000

= $33,156

= $33,000

8 0
2 years ago
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