Say that equilibrium price remained constant and quantity rose. what would you say was the most likely cause?

Black and Decker decides to discontinue producing toasters in lieu of more versatile toaster ovens. In the process of discontinu

Andru [333]

Answer:

The correct answer is Gain or loss on the sale of equipment as part of continuing operations.

Explanation:

If a gross profit on sales is generated in the process of selling an item of property, plant and equipment, but additional expenses are also incurred, the only thing that is recognized in the income statement is the net profit.

Among the accounts of the income statement, only one record is made with the net profit that occurred in the process of the sale of the asset. Although the final effect on the income statement is the same as it had under the old regulatory framework, it can be said that with that single record among the income statements, what is sought is that high gross income and expenses are not shown high, as this could distort the different financial analyzes that will be carried out at the end of the year.

6 0

2 years ago

Oni makes apple pies for the local bakery. when toni works with an assistant, she produces 60% more apple pies and works 20% few

Georgia [21]

<span>Let us assume Toni made 100 apple pies in 10 hours, that means 10/hour. Now, with help of assistant she produces 60% more and work for 20% less time.
So, [100+(60% of 100)] = 160 apple pies produced in [10-(20% of 10)]= 8 hours.
160/8 = 20/hour
So, with the help of assistant Toni's output of apple pies per hour increases by 100%.</span>

8 0

2 years ago

The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks

Alborosie

Answer:

The correct answer is B. an oligopoly.

Explanation:

An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence the price and amount of equilibrium.

In the oligopoly, competitors have market power, but at a lower level than in the case of monopoly. This, since, instead of having only one bidder, there is a small group of companies.

This means that although each of the companies has an influence on the market price and quantity (they do not take it as given), the freedom to choose the level of these variables is limited by the existence of other competing firms. A special case of oligopoly is the duopoly, where there are only two bidders.

3 0

2 years ago

Read 2 more answers

Griffin and Rhodes formed a partnership on January 1, 2009. Griffin contributed cash of $120,000 and Rhodes contributed land wit

Tresset [83]

Answer:

correct option is B. $15,000

Explanation:

given data

contributed cash = $120,000

Fair Value of land = $160,000

originally paid = $90,000

Sale value of land = $190,000

to find out

how much of the gain from sale of land should be credited to Griffin for financial accounting purposes

solution

gain on sale is here as

gain on sale = Sale value of land - Fair Value of land -

Gain on sale of land = $190,000 - $160,000

Gain on sale of land = $30000

split the $30000 between the equal partners for a total gain credited to Griffin

total gain credited to Griffin = $15000

so correct option is B. $15,000

6 0

2 years ago

On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the go

Lina20 [59]

Answer:

A.

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B.

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales discount 290

Cr Account receivable - Beasley co. 14,500

Explanation:

A. Preparation of the Journal to record the December 28, 20Y3 sale, using the net method under a perpetual inventory system

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B. Preparation of the journal entries to record the merchandise returned

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Preparation of Journal entry to record the receipt of the amount due

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales discount 290

[(18,500-4,000)*2% ]

Cr Account receivable - Beasley co. 14,500

(18,500-4,000)

8 0

2 years ago