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Marianna [84]
2 years ago
14

All of the following would affect the position of the supply curve for cranberries, except: Question 28 options: the price of ag

ricultural land used for cranberry production. the popularity of cranberry drinks. the cost of fertilizer used for cranberry production. the development of a new pest control for cranberry production.
Business
1 answer:
myrzilka [38]2 years ago
5 0

The factor that would not affect the position of the supply curve for cranberries is the popularity of cranberry drinks.

The supply curve is a graph that shows the relationship between price and the quantity supplied. The supply curve is positively sloped. A change in the position of the supply curve can either be an outward shift or an inward shift. An outward shift indicate an increase in supply and an inward shift indicates a decrease in supply.

An increase in the price of agricultural land and the cost of fertilizers increases the cost of producing cranberries . This would lead to an inward shift of the supply curve. On the other hand, a decrease in the price of  agricultural land and the cost of fertilizers would lead to an outward shift of the supply curve.

The development of a new pest control for cranberry production would lead  to an outward shift of the supply curve as more cranberries can be produced.

Please check the attached image for a graph showing an increase in supply. To learn more about the supply curve, please check: brainly.com/question/1915798

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Kilian Company's inventory balance at the end of the year does not include $10,000 of inventory that was stored in a separate wa
gizmo_the_mogwai [7]

Answer:

Understated net income by $10,000

Explanation:

Since closing stock of goods are added in general equation, of sales, that is in T shape account it is credited along with sales revenue, and that the closing stock increases the revenue.

In the given case closing stock is understated by $10,000.

Accordingly, Gross profit is also understated by $10,000.

For this the equation is:

Gross Profit = Sales - Cost of goods sold

Cost of goods sold = Opening Units + Purchases - Closing

Gross Profit = Sales - (Opening Units + Purchases - Closing)

Opening brackets will change the sign for each value

Gross profit = Sales - Opening units - Purchases + Closing units

Thus, Closing units are added and after all deductions, net income is computed and thus, net income is understated in current year by $10,000.

5 0
3 years ago
Which of the following statements is true? Group of answer choices The further in the future you receive a dollar, the less it i
nataly862011 [7]

Answer:

B). The further in the future you receive a dollar, the less it is worth today.

Explanation:

The second option asserts a true claim that 'the later we receive a dollar in future, the less it is worth today' as the market value of dollar can be seen significantly rising and therefore, it's value is much higher in relation to the value of other currencies across the globe. If a person receives a dollar today, it's worth can be much higher in the upcoming time and therefore, a lower amount today can become a huge amount tomorrow, if invested properly today. Thus, <u>option B</u> offers a true statement while the others state incorrect claims.

7 0
3 years ago
LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f
Rom4ik [11]

Answer:

See below

Explanation:

a. Estimated ending inventory and cost of goods sold for March

Costs Retail

Beginning inventory $44,000 $66,000

Add:

Net purchases $211,000 $404,000

Less:

Purchase return ($6,000) ($8,000)

Freight in $21,396 $0

Net markups $0 $6,200

Goods available for sale $270,396 $468,200

Less:

Net mark down $0 ($3,900)

Goods available for sale( after markup) $270,396 $464,300

b. Cost to retail percentage using average cost method

= [(Goods available for sale at cost(after markup / Goods available for sale at retail (after markup) ] × 100

= [($270,396 / $464,300)] × 100

= 58.24%

8 0
3 years ago
When reactions to a small scale marketing effort are used to predict reactions in a larger​ area, the testing method​ is:The alt
Anton [14]

Answer:

1. Test market

2. Buzz or Word of Mouth Marketing

Explanation:

1. Test market is made up of a particular group of people who are used in checking feasibility of a product before bringing it out to the larger or general market. They are used to check how the general market would perceive the product once release. It is used in measuring consumer's response to a new product before introducing it to the larger market.

2. Buzz marketing involves or rather refers to the situation whereby a satisfied consumer/customer passes along information pertaining to a particular product to another consumer/customer. It is a situation whereby a person recommends the use of a particular products to another customer. It involves using word of mouth marketing to works in one's favour.

8 0
3 years ago
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MissTica

Answer:

I think its authoritative

5 0
3 years ago
Read 2 more answers
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