The consumer surplus associated with the consumption of furniture increases. Wood is an input in the production of furniture therefore it constitutes the cost of production, the decrease in the price of wood would therefore mean a decrease in the production cost. A decrease in the cost of production in turn causes a decrease in the buying price of furniture and therefore, consumer surplus increases.
Answer:
Land 404,100 debit
Cash 104,100 credit
Note payable 300,000 credit
---to record the acquisition of land.--
Explanation:
The land will enter the accounting as the sum of all necessary cost incurred to acquired and leave it ready to use. The delinquent property tax are part of thecost to get the land. Same is true or the insurance and removing the nwanted building. All these are required to get the land ready for use
In its general colour, the Grand Canyon is red, but each stratum or group of strata has a distinctive ... Valley to the northeast near the Utah state line would have only a few rounded hillocks.
Although a full liquidity analysis requires the use of a cash budget, the current and quick ratios provide fast and easy-to-use measures of a firm's liquidity position----True
What is liquidity?
Liquidity is a company's ability to raise cash when it needs it. There are two major determinants of a company's liquidity position. The first is its ability to convert assets to cash to pay its current liabilities (short-term liquidity). The second is its debt capacity
Why is liquidity position important?
If you want to borrow money, liquidity is very important for your business. The liquidity ratio of a small business will tell the potential investors and creditors that your company stable and strong and also has enough assets to combat any tough times.
Learn more about liquidity:
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Write the identity of the missing nucleus for the following nuclear decay reaction: Express your answer as an isotope. <span>
</span> <span>
</span> ?-------8/4Be+0/1e?