Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
Answer: demand decreases and supply stays the same
Explanation:
The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.
On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.
It should be noted that there will be a lower equilibrium price and quantity if
In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.
the answer is D, demand for food is inelastic
<span>If C-spec, inc. is attempting to determine whether an existing machine is capable of milling an engine part that has a key specification of 4 ± .003 inches and after a trial run on this machine, C-spec has determined that the machine has a sample mean of 4.001 inches with a standard deviation of .002 inch, then the intersection will be two or 2.</span>
The formula is
C+ F-P divided by N then the fraction bar F+p divided by 2 that should get your answer
