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3 years ago

3 Explain how a price support in the market for an agricultural product creates

Business

1 answer:

RoseWind [281]3 years ago

6 0

Answer:

Explained below

Explanation:

- A price support in the market for an agricultural product will increase the quantity that's produced and also decrease the quantity being consumed which will in turn create a surplus.

- Now, to maintain this support price, the government usually will buy the surplus and then subsidize the producer.

- This price support will be of great benefit to the producer but on the other hand it will cost the consumer/taxpayer more than the producer will profit thereby creating a deadweight loss.

- In summary, this price support can be said to be inefficient and is normally unfair.

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You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10

Anton [14]

Answer:

"Stop-loss order" is the right answer.

Explanation:

According to the question,

Purchase price,

= $50

Current selling price,

= $80

Current gains,

= $30

Investors begin to give their earnings if somehow the market capitalization begins to fall beneath $80. In advance to minimize this, we need to set a purchase requisition of $80 for stop-loss.
So whenever the market decreases beyond $80, with us investments are traded, and thereby the existing profits of $30 have been safeguarded.

Thus, the above is the correct explanation.

4 0

3 years ago

Assume that Sharp operates in an industry for which NOL carryback is allowed. In its first three years of operations Sharp repor

Flura [38]

Answer:

$1,620,000

Explanation:

Assume that Sharp operates in an industry for which NOL carryback is allowed.

In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000

There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.

The enacted income tax rate was 25% in 2019 and 30% thereafter.

In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000

3 0

3 years ago

Read 2 more answers

The Polaris Company uses a job-order costing system. The following transactions occurred in October: Raw materials purchased on

Naddika [18.5K]

Answer:

The question is incomplete. Missing Portion is written as bold in explanation.

Explanation:

Required:

1. Prepare journal entries to record the transactions given above.

2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $37,000.

Account Dr Cr

1.Raw materials 209000

Account payable-Liability 209000

The Materials are purchased in credit.

2. Work In Process 152000

Manufacturing Overhead 38000

Raw materials 190000

Entry for Materials used in Production.

3. Work In Process 48000

Manufacturing Overhead 22000

Salaries payable 70000

4.Manufacturing Overhead 104000

Depreciation 104000

5. Manufacturing Overhead 131000

Account payable 131000

6.Work In Process 686700 ( 9 x 76300= 686700)

Manufacturing Overhead 686700

7.Finished Goods 512000

Work In Process 512000

8.Cost of goods sold 449000

Finished Goods 449000

Accounts Receivable 547780

Sales Revenue 547780

**Sales - Cost of job * 1.22 (22 % above cost)

2. T-accounts for Manufacturing Overhead and Work in Process.

Manufacturing overhead

Dr Cr

22000 686700

38000

104000

Ending balance 391700 - Favorable

Work In process

Dr Cr

beginning bal. 37000

152000

48000 512000

Ending balance 411700

6 0

4 years ago

The short run aggregate supply curve was constructed assuming that as the price of outputs increases, the price of inputs stays

weeeeeb [17]

Explanation:

as higher input prices makes output less profitable decreasing the desired supply this is shown graphically as leftward shift in AScurve

5 0

3 years ago

Cant take big d but i suck on it....

Scrat [10]

.. huh and orange then me too and brown and green faking a red green brown

6 0

3 years ago

Read 2 more answers