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2 years ago

How might the government regulations affect a small family restaurant

Business

1 answer:

raketka [301]2 years ago

7 0

Explanation:

regulations are significance]factor that could prevent from our restaurant from growing it also involved rule makingfind child labor

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Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________

stellarik [79]

Answer:

c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.

6 0

2 years ago

Determine the value of z.

TiliK225 [7]

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

$y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\ = 59$

given y + z = 180 (angles on same straight line)

$y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\ = 121$

3 0

2 years ago

Read 2 more answers

After posting the entries to close all revenue and expense accounts, the Income Summary account of Cleaver Auto Services has a $

KATRIN_1 [288]

Answer:

INCORRECT.

In income summary account, all revenue accounts are closed by debiting them and crediting the income summary account. expense accounts are closed by crediting them and debiting income summary account. then on closing income summary account it shows debit balance if there is a net loss and it shows credit balance if there is a net income.

In the given case clever auto services has debit balance of $5,300 i,e it implies that clever auto services has loss .

Therefore above statement is wrong. It implies a loss of $5300 not the net income of $5,300.

3 0

3 years ago

Opportunity cost is defined as A. the monetary expense associated with an activity. B. the highest valued alternative that must

Ratling [72]

Answer:

B. the highest valued alternative that must be given up to engage in an activity.

Explanation:

Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.

Eg1: If I like Chapati more than rice & rice more than curd, the opportunity cost of consuming chapati is the next best option i.e rice.

Eg2 : Working as school teacher with salary 20000, next best option salary as coaching tutor i.e 10000 is the Opportunity Cost

A is inapt : Opportunity cost can be monetary or non monetary. Eg2 has monetary opportunity cost. But, Eg 1 has opportunity cost in terms of rice' (sacrifised) satisfaction.

C is inapt : Opportunity cost is only the cost of next best alternative & not all alternatives. Eg1 - Curd i.e 3rd best option after chapati, is not the opportunity cost after chapati.

4 0

2 years ago

Sooner Machinery Company purchased a delivery truck at a cost of $56,000 on March 10, 2018. The truck has a useful life of six y

Fofino [41]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $56,000

Useful life= 6 yearsd

Salvage value= $5,000

a. To calculate the annual depreciation, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (56,000 - 5,000) / 6= $8,500

Year 1:

Annual depreciation= (8,500/12)*10= $7,083.33

Year 2:

Annual depreciation= $8,500

b. To calculate the annual depreciation, we need to use the following formula:

Annual depreciation= 1.5*[(book value)/estimated life (years)]

Year 1:

Annual depreciation= [(1.5*8,500)/12]*10= $10,625

Year 2:

Annual depreciation= [(51,000 - 10,625)/6]*1.5

Annual depreciation= $10,093.75

4 0

2 years ago