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Mrrafil [7]
3 years ago
15

About 1.4 billion pounds of​ American, cheddar and other kinds of cheese is socked away at​ cold-storage warehouses across the​

country, the biggest stockpile since federal​ record-keeping began a century ago...Many​ [cheese companies] are paying to store their excess cheese in hopes demand and prices will improve. ​Source: Heather​ Haddon, "America​ Can't Move Its​ Cheese," Wall Street Journal​, December​ 17, 2018. What effect did the strategy of warehousing cheese have on the supply of​ cheese? Using the line drawing​ tool, show the effect of cheese producers storing cheese in warehouses rather than offering it for sale. Properly label your line. Carefully follow the instructions​ above, and only draw the required object
Business
1 answer:
Bogdan [553]3 years ago
4 0

Answer: See explanation

Explanation:

Since the cheese companies are paying to store their excess cheese in hopes demand and prices will improve, then this will bring about the reduction in the supply of cheese in the market but the demand for cheese will still be constant.

Due to the fact that there is shortage of supply, the supply curve will shift leftward and as a result of this, the price if cheese will increase and the quantity demanded by the customers will then decrease as a result of price increase.

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On June 1, 2016, Enne Brahtz Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded
Simora [160]

Answer:

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Explanation:

The adjusting entry is shown below;

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account

The six months could be computed from June 1 to December 31

8 0
4 years ago
Help with this question
ruslelena [56]

Answer: The answer is C Monitoring the budget

6 0
3 years ago
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You're now worried that the Veggie Burger may not be much of a profit-maker, so you decide to calculate its' Contribution Margin
AysviL [449]

Answer:

$2.28

Explanation:

You're now worried that the Veggie Burger may not be much of a profit-maker, so you decide to calculate its' Contribution Margin. You know that it costs you $4.67 to serve that burger. The menu price is $6.95. What is the Contribution Margin for the Veggie Burger

The contribution margin is the selling price- variable costs.

For veggie Burger,

selling price is $4.67

The variable cost is $6.95

Contribution margin is

= $6.95 - $4.67

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5 0
4 years ago
An overgrown lawn is manicured by mowing it with a lawn mower is an example of
Marta_Voda [28]

An overgrown lawn is manicured by mowing it with a lawn mower is an example of physical change. Physical change is a change that affects the physical form of the substance or environment but not its chemical composition. In this example, the lawn is manicured by mowing it, so the physical form would be changed. But, the chemical composition of the lawn was maintained and was not change. So,<span> this is clearly a physical change.</span> 

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4 0
4 years ago
If this market for water were perfectly competitive instead of monopolistic, what price would be charged?
jekas [21]
If the market for water were perfectly competitive instead of monopolistic, the price that would be charged would not be able to be controlled by company, so it would be really close to the Equilibrium point.
So let's the the point is $ 120, that number will be your answer.
6 0
3 years ago
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