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TiliK225 [7]
2 years ago
12

A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the

shipping channels for imported goods have closed due to the weather. What will happen to the price and quantity sold of hot chocolate made with imported cocoa?1) Price and quantity will both increase2) Price will increase and the effect on quantity cannot be determined3) Price will increase and quantity will decrease4) Neither the effect on quantity nor the effect on price can be determined
Business
1 answer:
Liula [17]2 years ago
5 0

Answer:

2

Explanation:

As a result of the weather, the demand for chocolate increases. the demand curve shifts to the right. there is an increase in equilibrium price and quantity

As a result of the channels closing, the supply of imported cocoa falls. As a result, supply decreases. the supply curve shifts to the left

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Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

8 0
2 years ago
After preparing the firm's trial balance, cole's accounting staff notices that the total of the debit column is $52,500, while t
Len [333]
<span>In this case the total of debit column is more than that of credit column. It can be because of two situations. One situation is that the expenses are recorded twice or more in the books in the account due to which the debit side is coming more than the credit side. Or other way around, the income has been recorded less than what needs to be actually recorded.Hence there is an accounting error committed in this scenario.</span>
7 0
3 years ago
Ollie leased a building in old town. ollie installed a washer and dryer unit and a new furnace in the basement of the building w
HACTEHA [7]

I believe the answer is: The furnace is a fixture, but the washer and dryer are not.

Fixtures refers to a set of objects whose position is completely fixed and could not be removed unless by destroying a part of the building.  Washer and Dryer are not fixed to any wall of the building and can be moved simply by the cooperation of two people or with the helps of stroll.

8 0
3 years ago
Which label(s) would mark the produce that you are least likely to purchase even if it was very affordable?A.no label B.100% org
Burka [1]

Answer:  C.grown with pesticides and chemical fertilizers

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7 0
3 years ago
ACME labs bought a new inspection device for $182,730. The accounting department has estimated that the device will have an annu
enyata [817]

Answer:

salvage value is $16,368.34

Explanation:

given data

initial cost = $182,730

annualized capital cost = $42,442

service life = 7 year

interest rate = 15%

solution

we get here first present value that is

annual value  = rate ×  \frac{present\ value}{(1 - (1+ r)^{-t})}       .................1

put here value and we get

42,442 = 15% ×  \frac{present\ value}{(1 - (1+ 0.15)^{-7})}

solve it we get

present value = $176,576.5343  

so

present value = initial investment + salvage value     ..............2

we take here present value and initial investment will be negative

-176,576.5343 = -182,730 + salvage value(p/f,15%,7)  

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6,153.465 = salvage value × 0.3759

salvage value = 16,368.34

3 0
3 years ago
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