There are lots of ways in which the balloon manufacturer will be able to know who are their other customers apart from those who purchase as stock in the party stores. They could do some research as to what other occasions are balloons useful for. This could be for the school fair as decors or used in the experiment, and many others.
They could also do surveys and other stuffs. By knowing what other purposes the balloons may have, they can design and manufacture the balloons accordingly with the proper material.
I think the answer is false because many schools raise fundraisers to help pay for things. If this is the case the money for the school will be quite low
Answer: Supply of T-shirts decreasing
Explanation:
If the supply of T-shirts decreases, the equilibrium quantity of t-shirts being supplied to the market will decrease as well. Assuming that demand stays the same, the leftward shift of the supply curve will intersect with the demand curve at a higher equilibrium price.
This is simply because as the t-shirts are in short supply, people will be willing to pay more to have them as they are not as widespread as before.
Answer:
Explanation:
The construction of the simple income statement is presented below:
Sales revenue $1,000
Less: Cost of goods sold -$200
Gross profit $800
Less: Operating expenses
General and administrative expenses -$50
Depreciation expense -$150
Profit before tax $600
Less: income tax -$100
Net income $500
