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rewona [7]
1 year ago
8

Kiwis and strawberries are substitutes for consumers. An increase in the price of a kiwi coupled with an increase in the number

of strawberry growers​ ________ the equilibrium price of a pound of strawberries and​ ________ the equilibrium quantity of strawberries.
a) raises; increases
b) probably changes, but more information is needed to determine if it rises or falls; increases
c) raises; probably changes, but more information is needed to determine if it increases or decreases
d) lowers; probably changes, but more information is needed to determine if it increases or decreases
e) lowers; increases
Business
1 answer:
valentina_108 [34]1 year ago
8 0

Answer:

The correct answer is D

lowers; probably changes, but more information is needed to determine if it increases or decreases

Explanation:

The increase in suppliers for strawberries causes the supply curve to shift to the right causing the equilibrium price to lower fro Po to P1.

The increase of price for Kiwis will move the price from Po to P1. The new price is not at equilibrium, as there has not been a shift in demand or supply as shown in the diagram.

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On January 1, 2017, Doone Corporation acquired 70 percent of the outstanding voting stock of Rockne Company for $672,000 conside
bogdanovich [222]

Answer:

Question a:

The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-  

Question B:

There are 3 entries required to eliminate te sale of goods form rochne to doone.  

The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone.  To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year.  Here is the engru:

Debit/sales/$530

Credit/COGS/ ($318) 60%

Credit inventory ($212) 40%

The next entry has to do with the amount of inventory that remained from the last intercompany transaction.  This is caclulated usin 40% of 2017 sales, which were $430.   So:

Debit inventory $172

Credit Cogs  ($172)

The last part is to eliminate the recievable on the book of rockne when they made te sale

Debit Payable $530

Credit receivable ($530)

6 0
1 year ago
Emilio works in a power plant control room. Dawn works in a coal mine. What do Emilio and Dawn have in common? They both are sel
Makovka662 [10]

Answer:

They both work in the Energy Transmission career pathway

Explanation:

Emilio and Dawn work in the "Energy Transmission career pathway".

In Energy career pathway, there are there stages. First is Energy generation, second is Energy transmission and third is Energy distribution.

In Energy transmission, power is evacuated from the generating stations via transmission networks. This happens in coal mines and power plant control room. Bulk of generated energy is covered in Energy Transmission Pathway from the source to the electrical substation through a transmission network. One needs critical thinking to analyze the information and stress management as employees to handle urgent tasks as well.

5 0
1 year ago
For each of the following independent situations, indicate the reason for and the type of financial statement audit report that
Nimfa-mama [501]

Answer:

a. Standard inadequate review report

Standard inadequate review report ought to be given right now according to U S GAAP an organization can picked either LIFO or FIFO stock technique for inventories held in U S Also, there doesn't appear to be any issue in utilizing a non-GAAP strategy for inventories held in remote activities  

b. Standard unfit review report  

As the lawful insight has guaranteed that the body of evidence against S Software has no merit, it would have no impact on the fiscal summaries of the organization. In this manner, no disclosure is required comparable to the case  

c. Unfit report remembering an illustrative section for change for bookkeeping head  

The change in bookkeeping treatment a the auxiliary is because of limitations on repatriation of income put on all outside claimed organizations in Panama Therefore, it is adequate and no compelling reason to qualify the report However, a logical section ought to be added to the report clarifying the adjustment in bookkeeping head  

d. Inadequate report including

lanatory paragaph for change in bookkeeping head  

e. Standard inadequate review report  

As the adjustment in the administration lives for deterioration purposes on automobiles is legitimized, a standard inadequate review report ought to be given  

f. Standard unfit review report  

Right now, blunder was accidental and the administration fittingly remedied the mistake before the finish of field work Therefore, a standard inadequate review report ought to be given  

g. Qualified review report including a disclaimer of feeling.  

Right now, examiner possesses 10 percent of the organization's stock Therefore, the reviewer will be not viewed as free as there is an irreconcilable circumstance Thus, a certified review report including a disclaimer of conclusion ought to be given  

h. Adverse review report  

It is obvious from the survey of credit portfolio that there would be a significant increase in the advance misfortune save Al, writedown of the advances will place the customer into infringement of the state's capital requirements Therefore, plainly a going-concern issue to However, the customer is refining to make changes in accordance with disclose the conceivable going concern issue in the notes to the fiscal reports In such case, the evaluator should give an unfriendly review.

4 0
1 year ago
Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100,000 common shares outstandi
Gala2k [10]

Answer:

B. $7.58

Explanation:

earnings per share = (net income - preferred dividends) / weighted average of shares outstanding

shares outstanding:

January 1: 100,000 x 12/12 = 100,000

October 1: -20,000 x 3/12 = -5,000

weighted average = 95,000

EPS = $720,000 / 95,000 = $7.5789 =$7.58

Stock options are not included in the basic EPS calculation.

8 0
1 year ago
Universal Electronics, Inc. (UEI), which started operations one year ago, has two divisions: Consumer and Commercial. Both divis
spayn [35]

Answer:

Investments in both divisions are performing equally well at the ROI of 14% each.

Explanation:

The financial data in the question are merged together and they are first sorted before the question is answered as follows:

                                               Consumer ($)            Commercial ($)

Sales revenue                            22,000                        37,000

Divisional income                         3,850                          3,885

Divisional investment                27,500                        27,750

Current liabilities                          1,000                             800

R&D                                               1,000                           1,000

The answers are now as follows:

Divisional ROI = Divisional income / Divisional investment

Consumer division ROI = $3,850 / $27,500 = 0.1400, or 14%

Commercial division ROI = $3,885 / $27,750 = 0.1400, or 14%

This shows that investments in both divisions are performing equally well at the ROI of 14% each.

8 0
2 years ago
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