Answer:
Equilibrium price and quantity
$6.44 and 6768
Consumer surplus
$571,081
Producer Surplus
$5,288
Explanation:
In this question, we are asked to calculate equilibrium price and quantity, consumer surplus and producer surplus.
Please check attachment for complete solution and step by step explanation
Answer: 20th/21st: social insurance tax and individual income tax
19th: tariffs and excise taxes
Explanation:
A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and acrrued expenses
Answer:
Sales revenues= $1,317,150
Explanation:
Giving the following information:
Vaughn estimates it will sell 7000 units during the first quarter of 2019 with a 12% increase in sales each quarter.
Selling price= $150
<u>First, we need to calculate the number of units to be sold in the third quarter</u>:
Sale in units= 7,000*1.12^2= 8,781
<u>Now, sales revenues:</u>
Sales revenues= 8,781*150
Sales revenues= $1,317,150