An increase in the price of the plastic used to make the wireless earbuds can make the supply curve to shift left.
<h3>What is the supply curve?</h3>
This is the curve that is used to tell us of the amount of goods that the producers would be able to make available for the market at a given price.
This is shown in the fact that the increase in the raw materials for production may cause the production to fall. Hence the produces would have less to supply for the market. Therefore, an increase in the price of the plastic used to make the wireless earbuds can make the supply curve to shift left.
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Answer:
Opportunity cost is $10
Explanation:
Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.
Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.
Answer:
The earning per share is $1.3 per share
Explanation:
For computing the earning per share, we need to apply the formula of Earning per share which is shown below:
Earning per share = (Net income - Dividends paid to preferred shareholders) ÷ average common shares
= ($36,000 - $10,000) ÷ $20,000 shares
= $1.3 per share
The other items which are mentioned in the question are not relevant. Kindly ignored it.
Answer:
Dr Retained earnings $14,000
Cr Inventory $14,000
Explanation:
There is a need to make adjustment to the inventory . Therefore,
Adjusted inventory
= New method of $171,000 - Old method of $185,000
= $14,000 decrease
It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.
Also, the net income reports to retained earnings account hence decreases retained earnings.
Having made the above adjustment, we can assume that the average cost method was used for 2020 books.
The business plan's strategy deals with information like promotion, price, and distribution, as well as how the company will contact customers in its target market.
<h3>How do a business reach their target market?</h3>
A marketing strategy is a company's "overall game plan" for reaching out to "prospective customers" or consumers and converting them into customers of their products or services.
A marketing plan includes the "value proposition" of the organization, key brand message, statistics on target customer "demographics, and other high-level elements."
Therefore, strategy is the correct answer.
Check out the link below to learn more about market strategy;
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