Oil-based products are a significant part of the materials used to build sailboats. what is likely to happen in the market for new sailboats and in the market for sails, if the price of oil begins to rise? a. equilibrium quantity will be larger in both; equilibrium price will be higher in bothb. equilibrium quantity will be lower for sailboats and higher for sails; equilibrium price will be higher for bothc. equilibrium quantity will be lower for sailboats and sails; equilibrium price will be higher for sailboats and the change in equilibrium price for salts is ambiguousd. equilibrium quantity will be higher sailboats and lower for sails; equilibrium price will be higher for sailboats but lower for sails

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery