Answer:
a. a flood that destroys a great deal of the corn crop?
The flood decreases the supply of corn and shifts the supply curve to the left which increases the price and decreases quantity in the market.
b. a rise in the price of wheat (a substitute for corn)?
Substitute goods are purchased in substitution as a rise in the price of one increases the demand for other and vice verse.
The rise in price of wheat increases the demand for the corn which shifts the demand curve to the right and increases both price and quantity.
c. a change in consumer tastes away from corn dogs toward hot dogs?
The change in tastes decreases demand which shifts demand to the left and decreases price and quantity both.
d. an increase in the number of demanders in the corn market?
The increase in buyer increases demand and both price and quantity increase as demand curve shifts to the right.
Explanation:
Answer:
Gabel Inc.
The company's cost of goods sold for the month is:
$61,000
Explanation:
a) Data and Calculations:
Beginning inventory = $13,000
Purchases 63,000
Goods available for sale 76,000
less Ending inventory 15,000
Cost of goods sold $61,000
b) A company's cost of goods sold is the difference between the cost of goods available for sale and its ending inventory of merchandise. This implies that the company allocates the cost of goods available for sale (which is the function of the beginning inventory and the purchases made during the period) between the cost of goods sold and the cost of the ending inventory based on the inventory valuation method in use.
Answer:
2.7:1
Explanation:
Calculation to determine what The current ratio for 2012 is
Using this formula
The current ratio for 2012= Current assets/Current liabilities
Let plug in the formula
Current ratio for 2012= ($81,000/$30,000)
Current ratio for 2012=2.7:1
Therefore The current ratio for 2012 is 2.7:1
Your answer would be ( A ) one - sided message
In the situation above, the construction worker could be described or has experienced a diminishing marginal utility. The diminishing marginal utility happens when an individual has consumed a lot of product or in other words, has an increase of product consumption in the same time the person has a constant consumed on other products. If this happens, there will be a decrease in marginal utility, causing the diminishing marginal utility which has happened in the situation above.
