the burning of candle stick is a good example of ____change .(a) temporary (b) permanent (c) conditionally

If a price is too high to clear the market, that means

kipiarov [429]

Answer:

If a price is too high to clear the market, that means the quantity of supplies have exceeded the amount that is demanded.

Explanation:

Have a great summer :)

6 0

3 years ago

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A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increa

Anettt [7]

Answer: Option (d) is correct.

Explanation:

Given that,

Net Income = $252,327

Depreciation expense = $21,821

Accounts Receivable increased by = $14,346

Inventory increased by = $33,617

Prepaid Expenses decreased by = $3,079

Accounts Payable decreased by = $4,161

Loss on the sale of equipment = $5,398

Operating Income = Net Income + Depreciation expense - Accounts Receivable - Inventory + Prepaid Expenses - Accounts Payable + Loss on the sale of equipment

= $252,327 + $21,821 - $14,346 - $33,617 + $3,079 - $4,161 + $5,398

= $230,501

7 0

3 years ago

Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Ser

pashok25 [27]

Answer:

Income Statement Dec. 31, 20Y6

Glacier Travel Service

Total revenue $900,000

- Wages expense ($425,000)

- Rent expense ($180,000)

- Utilities expense ($75,000)

- Supplies expense ($38,000 )

- Miscellaneous expense ($37,000)

EBIT $145,000

- Taxes ($30,000)

Net profit $115,000

4 0

3 years ago

Economic problem you face as an individual

Stells [14]

Answer:

I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!

Explanation:

Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.

Hope this helps.

7 0

3 years ago

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The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest

salantis [7]

Answer:

a. Value.

Explanation:

The opportunity cost of a choice is the value of the opportunities lost.

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.

5 0

3 years ago

the burning of candle stick is a good example of ____change .(a) temporary (b) permanent (c) conditionally​

the burning of candle stick is a good example of ____change .(a) temporary (b) permanent (c) conditionally