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2 years ago

How would a strong u.s. dollar impact the trade of grain produced in the united states? quizzez

1 answer:

4 0

A stronger dollar makes the exports of grain less competitive. There will likely be less exports and more domestic consumption

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Cannon Co. has a unit selling price of $500, variable cost per unit $300, and fixed costs of $240,000. Compute the break-even po

Furkat [3]

Answer:

Break-even point= 1,200 units

Break-even point (dollars)= $600,000

Explanation:

Giving the following information:

Cannon Co. has a unit selling price of $500, variable cost per unit $300, and fixed costs of $240,000.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 240,000/ (500 - 300)

Break-even point= 1,200 units

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 240,000/ (200/500)

Break-even point (dollars)= $600,000

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3 years ago

Suppose the economy is initially at point A. Now suppose an increase in government purchases shifts the aggregate demand curve t

UkoKoshka [18]

Answer:

C. Firms and workers will negotiate higher nominal wages to restore lost purchasing power. This shifts the SRAS curve to the left until the gap is eliminated at D.

7 0

2 years ago

Which product would normally be classified as a shopping good or service? multiple choice magazines a laptop computer designer w

12345 [234]

The answer is a laptop computer.

Thus, Laptop computers would be classified as homogeneous shopping products.

What is shopping products?

A shopping item may be a sort of item that requires shopper investigate and comparison of brands.
Homogeneous and heterogeneous are the two particular sorts of shopping items.
Homogeneous items are seen by consumers as exceptionally comparable in nature and the ultimate buy is more often than not decided on the lowest price.
If our farmer's feed compactor required substitution, he would seek for the foremost reasonable one.
Other illustrations of this sort of shopping item would be apparatuses, such as washers, dryers, or a cooler.
A item can be a business item or a buyer item. If the end client of the item is the customer, at that point the item may be a customer item.
In the event that the conclusion client could be a commerce, at that point it is categorized as a commerce item.

To know more about shopping products visit:

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1 year ago

QS 3-7 Adjusting prepaid (deferred) expenses LO P1 For each separate case, record the necessary adjusting entry. On July 1, Lope

kicyunya [14]

Answer:

S/n General Journal Debit Credit

a Insurance expense $1,200

Prepaid Insurance $1,200

(To record insurance expired)

b Supplies expense $6,200

Supplies $6,200

($5,000 + $2,000 - $800)

(To record supplies used)

5 0

3 years ago

Journalize the entries for the following transactions

Zanzabum

Answer and Explanation:

The journal entry is shown below:

a. Cash $116,300

To Sales $116,300

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $72,000

To Merchandise Inventory $72,000

(Being the cost of the merchandise is recorded)

b. Accounts Receivable $755,000

To Sales $755,000

(Being the merchandise is sold on account is recorded)

Cost of Merchandise Sold $400,000

To Merchandise Inventory $400,000

(being the cost of the merchandise is recorded)

c. Cash $1,950,000

To Sales $1,950,000

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $1,250,000

To Merchandise Inventory $1,250,000

(Being the cost of the merchandise is recorded)

d. Cash $330,000

Sales $330,000

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $230,000

To Merchandise Inventory $230,000

(Being the cost of the merchandise is recorded)

e. Credit Card Expense $81,500

To Cash $81,500

(Being cash paid is recorded)

4 0

2 years ago