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3 years ago

Which curve shifts and in which direction when the following events occur in the domestic car market?

Business

1 answer:

Nookie1986 [14]3 years ago

6 0

For the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

a. When there is a recession, so the demand should decrease due to which the demand curve shifts to the left.

b. When the workers go on strike the production should decrease due to which the supply decreased due to which the supply curve shifts to the left.

c. When the imported cars should be expensive so the demand should be decreased due to which the demand curve shifts to the left.

d. When the gasoline price is increased so the car's demand should be decreased due to which the demand curve shifts to the left.

Therefore we can conclude that for the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

Learn more: brainly.com/question/2733525

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A currency drain occurs when

gogolik [260]

Answer:

The correct answer is: non-bank public increases its holdings of currency outside the banking system.

Explanation:

A currency drain refers to the situation where there is an increase in currency held outside the banking system. When the public holds more money outside the banking system, it reduces the total reserves of the banks. The excess reserves get reduced as well.

The currency gets drained from the banking system, so banks can create less money. This causes a reduction in the money supply.

5 0

4 years ago

Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of

inn [45]

Answer:

Cash= $183,950

Explanation:

Giving the following information:

Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $198,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

May:

Manufacturing cost= 198,200 - 28,800= $169,400

Cost for June= 169,400*0.25= 42,350

June:

Manufacturing cost= 217,600 - 28,800= $188,800

Cost from May= 42,350

Cost for July= 188,800*0.25= -47,200

Cash= $183,950

6 0

3 years ago

Kearney Inc. has a factory with the following characteristics: direct labor of $82056, direct materials of $52432 fixed overhead

frutty [35]

Answer:

The amount of cost from Pool A that is allocated to LQ6 is $7,802.

Explanation:

Since Pool A includes all variable overhead and uses direct labor as the allocation base, we can obtain the following from the question:

Direct labor = $82,056

Variable overhead = $146,362

Number of labor hours used by LQ6 = 162

Factory's labor costs per hour = $27

Therefore, we have:

Factory's labor cost of LQ6 = Number of labor hours used by LQ6 * Factory's labor costs per hour = 162 * $27 = $4,374

Variable over allocated to LQ6 from Pool A = (Factory's labor cost of LQ6 / Direct labor) * Variable overhead = ($4,374 / $82,056) * $146,362 = $7,801.83518572682

Rounding to whole number of $ as required, we have:

Variable over allocated to LQ6 from Pool A = $7,802

Therefore, the amount of cost from Pool A that is allocated to LQ6 is $7,802.

4 0

3 years ago

May 3 Allied made its first and only purchase of inventory for the period on May 3 for 3,000 units at a price of $9 cash per uni

Airida [17]

Answer:

Explanation:

May 3

Dr merchandise inventory 27,000

Cr Cash 27,000

May 5

Dr Accounts receivable 19,500

Cr Sales 19,500

May 5

Dr COGS 13,500

Cr Merchandise inventory 13,500

May 7

Dr Sales returns and allowances 1,950

Cr Accounts receivable 1950

Dr Merchandise inventory 1350

Cr COGS 1350

May 8

Dr Sales returns and allowances 750

Cr Accounts receivable 750

May 15

Dr Cash 16464

Dr Sales discount 336

Cr Account receivable 16800

19500-1950-750 = 16800

16800*2% = 336

7 0

3 years ago

In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $

ella [17]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

5 0

3 years ago