BUSINESS HIGH SCHOOL

Which portion of a professional business letter contains the purpose of the correspondence? Heading



Salutation



Body



Enclosure Notation

Answers

Answer 1
Answer: The body of a business letter containes the purpose

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When quantity supplied equals quantity demanded:A. there is disequilibrium
B. the marked is cleared
C. there is the excess quantity demanded.
D. there is excess quantity supplied

Answers

When quantity supplied equals quantity demanded, the market is said to be in equilibrium, and the market is cleared. At this point, there is no excess quantity demanded or excess quantity supplied in the market. Thus, the correct option is B.

In an equilibrium situation, the price of the good or service is determined by the intersection of the supply and demand curves. At this price, the quantity supplied by producers is equal to the quantity demanded by consumers. Therefore, there is no surplus or shortage in the market, and all the goods produced are sold.

When the market is not in equilibrium, either a surplus or a shortage will occur. In the case of a surplus, there is an excess quantity supplied in the market, meaning that producers are supplying more goods than consumers are willing to buy at the prevailing price. This leads to downward pressure on prices until the market is cleared.

In the case of a shortage, there is an excess quantity demanded in the market, meaning that consumers are willing to buy more goods than producers are supplying at the prevailing price. This leads to an upward pressure on prices until the market is cleared.

In summary, when quantity supplied equals quantity demanded, the market is in equilibrium, and the market is cleared. This means that there is no excess quantity demanded or excess quantity supplied in the market, and the price of the good or service is determined by the intersection of the supply and demand curves. Thus, the correct option is B.

To know more about equilibrium refer here:

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A trial balance a. proves that debits and credits are equal in the ledger. b. chronologically lists transactions and other events. c. proves that a company recorded all transactions. d. All of these answer choices are correct.

Answers

Answer:

A.

Explanation:

A trial balance check whether total debits are equal to total credits.

In case of mismatch, temporary adjustment accounts are created, ledgers are then corrected.

Is bookkeeping systematized worksheet containing the closing balance of all the accounts containing two sides. Left hand side, Debit, and right hand side, Credit.

Debit side, all the expenses, cash and assets balances.

Credit side, all the incomes, capital, reserves and the liabilities balances.

The total of this two sides should be equal. It is prepared periodically, usually while reporting financial statements.

It is prepared because it helps in detecting errors and gives a overall idea of all the ledgers accounts ensuring that every debit is having the corresponding and opposite effect.

It is the first step in the preparation of the financial statements.

The prime interest rate is offered by banks to customers with the largest accounts and with very high credit ratings.A) True
B) False

Answers

Answer:

A) True

Explanation:

The prime interest rate is that rate which interprets the creditworthiness of the customer that means which have the highest credit rating, the bank or financial institution gives the prime rate to the customers who maintain the largest accounts with the bank or financial institution.  

The prime interest rate depends on loans like a business, personal loans, etc

For a while, Southern Brewers is the only coffee supplier in the market. Eventually, Albert Coffee enters the market and sells coffee at lower prices than Southern Brewers does. Later, Café Brites enters the same market with lower prices for coffee. Southern Brewers now charges lower prices than Albert Coffee and Café Brites do. What made Southern Brewers lower its prices?

Answers

The simple answer is competition. While Southern Brewers was the only supplier in the market, they had monopoly over that industry which is why they could afford to give high prices. When other suppliers came with lower prices, they can't keep their high prices anymore because people can now save money with other suppliers.

Answer:

competition

Explanation:

charcoal grills, accessories, and installation services for custom patio grilling stations. The State of Kentucky is planning major renovations in its parks during 2017 and enters into a contract with BBQ to purchase 400 durable, easy maintenance, standard charcoal grills during 2017. The grills are priced at $200 each (with a cost of $160 each), and BBQ provides a 6% volume discount if Kentucky purchases at least 300 grills during 2017. On April 17, 2017, BBQ Company delivered and received payment for 280 grills. Based on prior experience with the State of Kentucky renovation projects, the delivery of this many grills makes it certain that Kentucky will meet the discount threshold later that same year. What amount of revenue should BBQ report for these units sold on April 17th?

Answers

Answer:

The answer is: BBQ should report a revenue of $52,640

Explanation:

If BBQ is sure that the State of Kentucky is going to meet the discount threshold, then they should consider the discount when recording their revenue.

revenue = $200 (regular price) x 280 units x 94% (net price after discount)

revenue = $52,640

U.S. exports are less capital-intensive than U.S. imports, despite the relative abundance of capital in the country. What is this phenomenon that runs contrary to the prediction of the Heckscher-Ohlin theory called? A. A zero-sum game
B. The Leontief paradox
C. A positive-sum game
D. Samuelson's critique
E. A first-mover advantage

Answers

Answer:

The correct answer is letter "B": The Leontief paradox.

Explanation:

The Leontief paradox is the result of a research made by German economist Wassily Leontief (1906-1999) in the 1950s after which he observed that countries with large capital such as the U.S. were importing more capital-intensive products and exporting more labor-intensive goods.

The Leontief paradox opposed the Heckscher-Ohlin Theorem that stated large capital countries tend to export products they manufacture efficiently and import those they are not good at producing.
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The cost-benefit principle states that