T or F #4 QUICKKK<br> One purpose of a quota is to limit imports.

In year 1 the average price of X is $10, and in year 2 the average price of X is $23. Still, consumers buy more units of X in ye

zysi [14]

Answer:

Demand for good x could be higher in year 2 than year 1

Income may have been higher in year 2 than year 1

Explanation:

In the given scenario there was an average price of product as $10. To calculate average cost it is total sales revenue divided by number of units sold.

In year 2 the average price is $23. This means that for each unit sold in year 2 the price was $23 an increase of $13 from year 1.

For this to have happened first there could have been higher income of the consumer in year 2 and they will have more to spend on the product at a higher price.

There will also need to be an increase in the demand for the good this will increase units sold and also price will go up.

8 0

3 years ago

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed lon

Gwar [14]

Answer:

$1,311,000

Explanation:

The computation of the operating cash flow is shown below:

As we know that

Operating cash flow = Cash flow from assets + capital spending - change in net working capital

where,

Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders

Cashflow to Creditors = Interest paid - Change in long term debt

= $140,000 - ($2,950,000 - $2,700,000)

= -$110,000

Now

Cashflow to Stakeholders

= Dividends paid - New issuance of the equity

= $500,000 - (($500,000 + $3,500,000) - ($460,000 + $3,200,000))

= $160,000

So,

Cashflow from Assets is

= -$110,000 + $160,000

= $50,000

Now

Operating cashflow is

= $50,000 + $1,320,000 + (-$59,000)

= $1,311,000

7 0

3 years ago

What is the historical origin of carrot cake

PtichkaEL [24]

Answer:

carrot cake originated from such carrot puddings eaten by Europeans in the Middle Ages, when sugar and sweeteners were expensive and many people used carrots as a substitute for sugar.

7 0

3 years ago

Read 2 more answers

Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________

Slav-nsk [51]

Answer:

The factor market

Explanation:

The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.

3 0

3 years ago

You are selling a product on commission, at the rate of $1,000 per sale. To date, you have spent $800 promoting a particular pro

Vesnalui [34]

Answer:

Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.

Explanation:

Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.

Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.

4 0

3 years ago

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T or F #4 QUICKKK One purpose of a quota is to limit imports.