Answer:
The equilibrium quantity will decrease
Explanation:
There will be a reduction in the supply of citrus crops and also reduction in orange juice produces from these fruits.
A shift in supply to the left will occur as a result of the cold. This will also result in reduction in equilibrium quantity demanded.
This is illustrated bin the attached diagram
2. Significant fluctuations in the market would actually be corrected
Answer:
wait I am going to tell u the answer
Explanation:
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Answer:
Studying his biology test
Explanation:
opportunity cost refers to the cost of the forgone alternative inorder to enjoy another service
Answer:
This is correct
Explanation:
There will be two entries. One at the time of receiving cash on 1st July . That would be
Cash. B. $6600 (debit)
Unearned Rent Revenue. $ 6600 (credit)
On 31st Dec an adjusting entry would be made . The rent for 6 months will be calculated which will be as given above.
Rent for 6 months = ( 6,600/12 )* 6= $ 3,300
The entry will be
Unearned Rent Revenue $3,300 (debit)
Rent Revenue $ 3,300 (credit)
$ 3300 will be deducted from the current liabilities on the credit side.
Rent Revenue of $3300 will be added on the credit side of the income statement.