If a shortage exists in the hamburger market, then the current price must belower than the equilibrium price. For the market to reach equilibrium, you would expect

Answers

Answer 1

For the market to reach equilibrium, you would expect prices to rise.

What is a shortage?

A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.

For a shortage to be resolved, prices would rise until equilibrium price is reached.

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Answer 2

There are different kinds of market. For the market to reach equilibrium, you would expect buyers to offer higher prices.

What happens if there is a shortage of a good at the certain price?

When there is a kind of surplus existing in the market, price tends to fall so as to entice additional quantity to be demanded and lower the quantity supplied until the surplus is removed.

When  shortage exists, price tends to rise so as to entice additional supply and lower quantity demanded until the shortage is removed.

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Related Questions

You have ​$400,000 to donate to your college. The​ college's discount rate is 7​%. You donate the money​ today, but you ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today. How large will the annual payment​ be?

Answers

Based on the information given the annual payment​ will be $51,476.86.

Annual scholarship payment

Using this formula

Annual payment=[Principal×(1+Discount rate)]×Discount rate

Let plug in the formula

Annual payment = [$400,000×(1+0.07)^9]×0.07

[$400,000×(1.07)^9]×7%

Annual payment= $735,383.68×0.07

Annual payment= $51,476.86

Inconclusion  the annual payment​ will be $51,476.86.

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What role will sustainability methods and techniques in the area of Manufacturing for companies in the future?

Answers

Answer:

Sustainable manufacturing aims to produce goods with minimum use of energy and natural resources, maximum profit, while ensuring societal health and safety throughout the product life cycle.

Explanation:

The Balance Sheet Identity is:
A. The value of the Owners Equity
B. The same as the Net Working
C. Capital The Sum of all assets minus the liabilities
D. Assets=Liabilities Owners Equity
E. Assets Liabilities = OwnersEquity

Answers

Answer: D

Explanation: Assets = Liabilities + Owners Equity

John works in a medium sized office. Last year, the company hired Jane as John's new supervisor. Jane's management style includes berating her employees in front of the other office workers when something is not completed to her specifications. Over the year, John has been singled out by Jane more and more often and it has become a daily occurrence. John has been putting in extra effort in order to reduce the public humiliation being inflicted upon him, but he has been becoming ill more often than usual. According to General Adaptation Syndrome, which stage is John currently in

Answers

According to the General Adaptation Syndrome (GAS), John is currently in the third stage, which is exhaustion.

What is the General Adaptation Syndrome

The General Adaptation Syndrome states that the body goes through three stages of alarm, resistance, and exhaustion when it is exposed to any kind of stress, whether positive or negative.

At the exhaustion stage, if John does not resolve the stressors, perhaps by confronting Jane in a polite manner, it can lead to the development of physical and mental health problems.

Thus, John is currently in the exhaustion stage of the General Adaptation Syndrome.

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The methods and rules the Federal Reserve uses to ensure the safety of your money is called _____.

monetary policy
interest rate
money supply
reserve ratio

Answers

Answer:

monetary policy

Explanation:

it produces economic growth

what is breakeven in dollars and units

Answers

Answer:

Explanation:

Break even point in accounting and economics is the point at which the total cost of producing goods and total revenue are equal i.e the point a business does not experience either loss or gain.

Break even Analysis is basically used in determining the number of units or dollars of revenue needed to cover total costs.

from the above analysis we are asked to find breakeven in dollars and units.

to find Breakeven in units =  FIXED COSTS / (SALES PRICE PER UNIT - VARIABLE COSTS PER UNITS)

fixed costs remains the same = $27, 136

the company enacted 10% increase in the

new sales price per unit will be ( 100 + 10%  = 110% 1.1

                                 ( 1.1  x 130 ) = 141.

new variable price per unit =   ( 1.1 x 98)  = 107.8

breakeven in units =  27,136 / ($141 - $107.8)  

                          27,136/ 33.2  =  $817.349   ,  to nearest whole number = 817.35

breakeven in dollars = Fixed price / Contribution Margin

since, 10% increment has been enacted, our contribution margin would change too.

we then calculate contribution margin with the formula

(Sale price per dollar– Variable costs per dollar)

sale price = 1.1 x 124800 = 137,800

variable cost per dollar = 1.1 x 94080 = 103,488

contribution margin = 137800 - 103488 = 34,312.

break even in dollar = fixed price / contribution margin

27136/ 34312  =  $0.790

The adjusted basis of an asset is: Multiple Choice The cost basis less any accumulated depreciation. The cost of the asset. The fair market value of the asset. The trade-in value of the asset.

Answers

Answer: The cost basis less any accumulated depreciation

Explanation: the adjusted basis of an asset is the cost less any accumulated depreciation. For example, a firm purchase an asset for $100,000. If has a 10 year useful life depreciated using the straight line method. So, the yearly depreciation is $10,000 per year. After 5 years, the adjusted basis of the asset would be $50,000 [100,000 - (5 x 10,000)].

definition of medium term plans​

Answers

Medium term plans is a sequence of work for a subject that shows what a teacher or educator is planning to teach over a period of weeks, such as a half term or term.

A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What is the cost per bike

Answers

Based on the number of bikes produced and the costs incurred, the cost per bike would be $85 per bike.

First find the total cost of producing all the bikes.

Total cost of production

= Direct materials + Direct labor + Factory overhead

= 6,000 + 2,000 + 9,000

= $17,000

What is the cost per Bike?

= Total cost of production / Number of bikes

= 17,000 / 200

= 85 bikes

In conclusion, it was $85 per bike.

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Which would be considered part of an employee’s salary?
amount of taxes that will be deducted each pay check
amount an employee can expect to earn in gratuities from customers
amount of money the employee will earn each month
amount of matching funds the employer will pay to a retirement account

Answers

Answer:

Amount of money the employee will earn each month.

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What is the correct ICD-10-CM code for Myasthenia gravis in crisis ?

Answers

Answer:

01 is a billable ICD code used to specify a diagnosis of myasthenia gravis with (acute) exacerbation ? G70. 01.

Consumer Protection Acts on Marketing Functions​

Answers

Answer:

Marketing must not be misleading or deceptive, for example, suppliers must not: give untrue characteristics about themselves, or their goods or services; or. ... A supplier must advertise goods or services only if they are available and can be supplied.

An expense resulting from failing to take advantage of cash discounts when using the net method of recording purchases is called: Discounts earned. Purchases discounts. Discounts lost. Sales refund payable. Sales discounts.

Answers

The account that an expense is recorded in when a cash discount is not taken advantage of is known as Discounts lost.

What is the Discounts lost account?

It is an account found in the general ledger that shows the amount that a company lost when it failed to pay within a certain period that would have allowed it to take advantage of discounts offered.

As it is an expense account, its normal balance will be a debit and will increase when discounts are lost.

In conclusion, option C is correct.

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Company A is considering whether or not to expand into another segment. It currently has an ROA (return on assets) measure of 5%. The proposed expansion involves spending $1m on new assets and will increase annual profits (after taxes) by $1,000. The expansion will:

Answers

As a result of the expansion described, the effect will Decrease Company A’s overall ROA.

Effect on Company A ROA

The ROA is found by the formula:

= Net profit / Total assets

If the new project goes through, it will increase assets by $1 million while only increasing net profits by $1,000.

This means that the denominator of total assets will increase much more than the numerator of Net profit. This will lead to a lower ROA in general because a larger denominator leads to a smaller product when the numerator is divided.

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A bank account pays interest at a nominal annual rate of 8.4%, compounded monthly. The account initially contains $100 and no new deposits are made, but any interest earned is kept in the account. To the nearest cent, what is the balance in the account after six years? (A) $108.73

Answers

Answer:

The ballance after six years will be $108.72 when rounded off to the nearest cent

Martin has a controlling interest in Rowen's outstanding stock. At the current year-end, the following information has been accumulated for these two companies:

Separate Operating Income Dividends Paid
Martin $565,000 $105,000
(includes a $162,000 net gross profit in intra-entity ending inventory)
Rowen 300,000 75,000

Martin uses the initial value method to account for the investment in Rowen. The separate operating income figures just presented include neither dividend nor other investment income. The effective tax rate for both companies is 21 percent.

Required:
a. Assume that Martin owns 100 percent of Rowen's voting stock and is filing a consolidated tax return. What income tax amount does this affiliated group pay for the current period?
b. Assume that Martin owns 92 percent of Rowen's voting stock and is filing a consolidated tax return. What amount of income taxes does this affiliated group pay for the current period?
c. Assume that Martin owns 65 percent of Rowen's voting stock, but the companies elect to file separate tax returns. What is the total amount of income taxes that these two companies pay for the current period?

Answers

a. The income tax amount that the affiliated group (Martin owning 100% of Rowen) would pay for the current period is $147,630.

Income tax = $147,630 ($565,000 - $162,000 + $300,000) x 21%

b.  The income tax amount that the affiliated group (Martin owning 92% of Rowen) would pay for the current period is $150,352.

Income tax = $150,352 ($565,000 + $300,000 - $149,040) x 21%

c.  The income tax amount that the affiliated group (Martin owning 65% of Rowen) would pay for the current period is $159,537.

Income tax = $159,537 ($565,000 + $300,000 - $105,300) x 21%

What is intra-entity profit?

An intra-entity profit arises when profits have not been unrealized because the assets are not consumed by or sold to any outside party. Such profits must be eliminated from the consolidated tax returns and financial statements.

Data and Calculations:

                              Separate            Dividends

                       Operating Income         Paid

Martin                    $565,000           $105,000

(includes a $162,000 net gross profit in intra-entity ending inventory)

Rowen                    300,000               75,000

Income tax rate = 21%

Intra-entity gross profit to be eliminated:

a. 100% ownership = $162,000

b. 92% ownership = $149,040 ($162,000 x 92%)

c. 65% ownership = $105,300 ($162,000 x 65%)

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At the Horizons Company, Paul is an intermediary in the global market, and he assumes all ownership risks and sells globally for its own account. Paul serves as _______

Answers

Paul serves as a buyer of export because as an intermediary, he assumes all ownership risks and sells globally for its own account.

Who is a buyer of export?

A buyer of export means an individual or entity that sell goods or services or ship goods to a foreign country or countries.

In conclusion, here, paul serves as a buyer of export because as an intermediary, he assumes all ownership risks and sells globally for its own account

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You are repairing an HP notebook that uses several types of electronic repair tapes. What should you be sure to do when servicing products that use adhesives and tapes? Select the correct response.

Answers

The thing to do when making a repair of a HP notebook with several types of electronic repair is to:

Replace the tape if it does not provide adequate adhesion.

What is Laptop Repair?

This refers to the diagnosis and the solution to a laptop or PC problem using a set of tools.

With this in mind, we can see that when making a repair of a HP notebook which has electronic repair tapes, we would have to replace the tape if it does not provide adequate adhesion with the tapes.

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In what ways would research (gathering information) have helped the founders of MyEvent move beyond their original wedding platform and remain relevant in the rapidly changing world of Internet businesses?

Answers

Research work enables one to know just the needs of one's customers and to meet their demands.

Researching for any events brings one to the fore or know or comprehend the nature of the customers which helps one to serve them better.

Effects of Research

In this world where change is constant, researching helps to understand the dynamics of the customer. Knowledge on the modern technology and lifestyle will definitely assist in serving better and ensure being in the market. It updates one's job to meet the needs of the customers.

In conclusion, to be relevant in this changing world, one needs to research into the nature of one's customer in order to serve them better and also be in Vogue.

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ACTIVITY 3 TOTAL:86 3.1 Distinguish between BEE and BBBEE.

Answers

ANSWER:

The ( BEE ) means black economic empowerment. in this the policies is while BEE sought to write the wrongs of the past,where the (BBBEE) board - based black economic empowerment. in BBBEE the aims at distributing the wealth of the nation across all acres races and gender

Explanation:

What is the difference between BEE and B-BBEE? BEE refers to the government's policy, B-BBEE is the implementation of the policy. Both refer to the same strategic framework that seeks to right the wrongs of the past and to distribute the wealth of nation across all races and genders

define career progression

Answers

Answer:

career progression is that it's the act of moving forward in your career. You may hear people talking about “climbing the ladder” at work, however progressing in your career doesn't always mean getting a promotion or securing a more highly paid role

Table 101.22
Production Capability
Containers of Laptops Containers of Synthetic Grass
390 containers/unit
125 containers/unit
China has 1200
production units:
Australia has 1200
production units:
150 containers/unit
100 containers/unit
Refer to Table 101.22 If each country specialises in their production with China producing only laptops and Australia producing
only synthetic grass, at a trading rate of two laptops per synthetic grass, how many synthetic grass and laptops will be
available to be consumed in China if they trade 170,000 laptops to Australia?
O a. 298,000 laptops and 85,000 synthetic grass
Ob 29.800 laptops and 8,500 synthetic grass
c. There is not enough information to answer this question.
O d. 300,000 laptops and 618,000 synthetic grass
Next page

Answers

At a trading rate of two laptops per synthetic grass, the number of synthetic grass and laptops that will be available to be consumed in China, if they trade 170,000 laptops to Australia is a. 298,000 laptops and 85,000 synthetic grass.

What is the trading rate?

The trading rate is the exchange rate that is used by two countries to exchange goods and services based on the value of their currencies.

In this case, the agreed trading or exchange rate between China's Laptops and Australia's Synthetic Grass is two laptops per synthetic grass.

Data and Calculations:

Table 101.22

                  Production Capability      Containers of               Containers of

                                                                 Laptops                 Synthetic Grass

China's production                       390 containers/unit    125 containers/unit

China has            1,200 units                   234,000                     75,000

                                                           (390 x 1,200/2)       (125 x 1,200/2)

Australia's production                  150 containers/unit    100 containers/unit

Australia has       1,200 units                     90,000                     60,000

                                                         (150 x 1,200/2)       (100 x 1,200/2)

Production with specialization:

China produces Laptops only                468,000 (1,200 x 390)      0

Australia will produce Grass only                                         120,0000 (1,200 x 100)

Trade Exchange                                     (170,000)                   (85,000) (170,000/2)

Available for consumption after trade 298,000                    35,000

                                                     (468,000 - 170,000)     (120,000 - 85,000)

Thus, at a trading rate of two laptops per synthetic grass, the number of synthetic grass and laptops that will be available to be consumed in China, if they trade 170,000 laptops to Australia is a. 298,000 laptops and 85,000 synthetic grass.

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Shawn has $2,500 invested at a guaranteed rate of 4.35 percent, compounded annually. What will his investment be worth after five years

Answers

Based on the information given his investment be worth after five years is:  $3,093.16.

Future value

Using this formula

FV (5) =Principal×(1+Rate)^ Time

Where:

Principal=$2,500

Rate=4.35%

Time=5 years

Let plug in the formula

FV (5) = $2,500 x( 1+.0435)^5

FV (5) = $2,500 x( 1.0435)^5

FV (5) = $3,093.16

Inconclusion his investment be worth after five years is:  $3,093.16.

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What is business studies

Answers

Answer:

Business Sciences is a career focused on the study of corporations. ... Business sciences encompass various fields of study such as economics, finance, accounting, law, and even computer science, in this case, applied to business.

Explanation:

Long live Mexico

Answer:

The study of economics and management, especially as an educational topic.

Explanation:

Krista Lee can purchase a service contract for all of her major appliances for $180 a year. If the appliances are expected to last for 10 years and she earns 5 percent on her savings, what would be the future value of the amount Krista will pay for the service contract

Answers

The future value of the amount Krista will pay for the service contract is: $2,264.

Future value

Using this formula

FV=Annual payment × Future value annuity factor

Where:

Annual payment =$180

Future value annuity factor=(10 years;5%)=12.5779

Let plug in the formula

FV=$180× (10 years;5%)

FV=$270 × 12.5779

FV=$2,264

Inconclusion the future value of the amount Krista will pay for the service contract is: $2,264.

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How was the statis decisis doctrine used in case with digital enterprises

Answers

Answer:

that is the answer

look at it

Explanation:

please follow

The inventory costing method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also follows the actual flow of goods for most businesses is: Multiple Choice FIFO. Weighted average. LIFO. Specific identification. Lower of cost or market.

Answers

The inventory costing method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost is FIFO.

What is FIFO?

FIFO means first in, first out. It is an inventory cost method that assigns the cost of goods sold to the inventory that is first purchased. Ending inventory which is recorded in the balance sheet is made up of the inventory purchased the latest.

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A baseball player is offered a 5-year contract that pays him the following amounts: Year 1: $1.40 million Year 2: $1.51 million Year 3: $2.25 million Year 4: $2.59 million Year 5: $3.17 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $1.54 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 5-year ANNUITY DUE. All cash flows are discounted at 10.00 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)

Answers

The player's annual salary (in millions of dollars), using the present value calculations, is $1.89743 million.

What is the present value?

The present value of the player's future cash flows (salaries) is the current value or the value in today's dollars.  It is computed by discounting the future values at the appropriate discount rate.

The present value can be computed using the Present Value formula, an online finance calculator, or the PV factor table.

Formula

PV = FV \frac{1}{(1+r)^{n}}

Where:

PV = present value

FV = future value

r = rate of return

{n} = number of periods

Data and Calculations:

Discount rate = 10%

Period of salary = 5 years

Period      Cash Flows     PV Factor      Present Value

Year 1:    $1.40 million        0.909           $1,272,600 ($1.4 x 0.909)

Year 2:    $1.51 million        0.826             1,247,260 ($1.51 x 0.826)

Year 3:  $2.25 million         0.751             1,689,750 ($2.25 x 0.751)

Year 4:  $2.59 million        0.683             1,768,970 ($2.59 x 0.683)

Year 5:   $3.17 million        0.621              1,968,570 ($3.17 x 0.621)

Additional present value required          1,540,000

Total present value =                             $9,287,150

Annual salary (in millions of dollars) = $1.89743 million ($9,287,150/5).

Thus, the player's annual salary (in millions of dollars) is $1.89743 million.

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A two-party check is made payable to:

a. both the patient and the provider

b. both the provider and the payer

c. both the patient and the payer

d. two different payers

Answers

Answer:

https://quiz   let.co  m/96700748/chapter-4-flash-cards/

Explanation:

Link above provides answers

( Don't copy paraprashe)

Answer:

[A] both the patient and the provider

Explanation:

Pear Company plans to develop a shopping center. The following amounts were spent: Acquisition of land $16,000 Surveys and legal fees 600 Land clearing 400 Fencing 4000 Install lighting and signage 1660 What amount should be recorded as the cost of the land in the company's books

Answers

Answer: $22,660

Explanation: GAAP says that all cost incurred to bring the asset ready for its intended use can be capitalized. In this case, all cost are acceptable as they are needed to bring the land ready for use.

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