Business, 11.02.2020 18:22, misspicafunpoke
Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity:
(i) A U. S. car manufacturer has produced a lot of SUVs, but now is having difficulty selling them at the market price.
(ii) The new Iphone sold out on the first day. Hundreds line up outside Apple desperate to get their hands on the new phone.
(iii) In the market for beer, the population of drinking age increases; also brewery unions negotiate a big increase in wages.
(iv) In the market for housing, house prices are expected to increase significantly in the near future.
(v) In the market for peanut butter, there is an increase in the price of jelly. (Peanut butter and Jelly are complements).
(vi) A Florida man suffered severe burns after his Galaxy Note 7 exploded in his trousers pocket (The Sun Uk edition, 2016). This triggered a recall of the Note 7 by Samsung.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 01:30, rome58
The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:
Answers: 3
Business, 22.06.2019 04:50, danny123421
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
Business, 22.06.2019 11:10, nat8475
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
Do you know the correct answer?
Carefully explain what is happening in the following markets. Indicate the impact if any on demand,...
Questions in other subjects:
Mathematics, 20.09.2020 07:01
Mathematics, 20.09.2020 07:01
English, 20.09.2020 07:01
