Which of the Following Events Would Cause a Movement Upward

question 42

Multiple Choice

Which of the following events would cause a movement upward and to the right along the supply curve for mangos?

• A)The number of sellers of mangos increases.
• B)There is an advance in technology that reduces the cost of producing mangos.
• C)The price of fertilizer decreases,and fertilizer is an input in the production of mangos.
• D)The price of mangos rises.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from credit sales by comparing net credit sales with the average accounts receivable.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Acid-Test Ratio

is a financial metric that assesses a company's ability to pay off its current liabilities with its most liquid assets, excluding inventory.

Balance Sheet

An accounting document summarizing assets, liabilities, and owners' equity of a business on a specific date.