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2 years ago

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?

Business

1 answer:

horsena [70]2 years ago

8 0

Explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

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The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended De

Sunny_sXe [5.5K]

Answer:

Explanation:

Net Income 490776

Add back depreciation 37752

Add back amortization 4719

Deduct gain on asset disposal (6292)

Increase in receivable (26500)

Decrease in payable (13075)

Increase in inventory (26775)

Increase in salary payable ( 2100)

Cash flow 458,505

The non cash expenses which are depreciation and the amortization cost are added back and non cash income like gain on the disposal of asset deducted to arrive at the net cash flow.

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4 years ago

Mar. 29 Received a $30,000, 60-day, 5% note dated March 29 from Karie Platt on account.

dolphi86 [110]

Answer:

Explanation:

Date Description Post. Ref. Debit Credit Assets Liabilities Equity

1 Mar.29 Notes receivable 30000 30000

2 Accounts receivable-Karie Platt 30000 -30000

3 Apr.30 Notes receivable 24000 24000

4 Accounts receivable-Jon Kelly 24000 -24000

5 May.28 Accounts receivable-Karie Platt 30250 30250

6 Notes receivable 30000 -30000

7 Income Summary ($30000 x 5% x 60/360) 250 250

8 Jun.29 Accounts receivable-Jon Kelly 24320 24320

9 Notes receivable 24000 -24000

10 Income Summary ($24000 x 8% x 60/360) 320 320

11 Aug.26 Cash 30855 30855

12 Accounts receivable-Karie Platt 30250 -30250

13 Income Summary ($30250 x 8% x 90/360) 605 605

14 Oct.22 Allowance for Doubtful Accounts 24320 24320

15 Accounts receivable-Jon Kelly 24320 -24320

163745 163745 1175 0 1175

5 0

4 years ago

What is the answer to number 2?

KiRa [710]

Answer:

$6.9

Explanation:

If gallon of milk cost 1.12 in 1970, we can calculate the expected price in 2009 per gallon of milk using the proportion below:

2009 price/214.5 = $1.12/38.8

=>Find the expected price of 2009 by cross multiplying

38.8 × 2009 price = 1.12 × 214.5

38.8 × 2009 price = 240.24

=>Divide both sides by 38.8

2009 price = 240.24/38.8

2009 price = 6.19175258 ≈ 6.19

Expected price of gallon of milk in 2009 = $6.19

8 0

3 years ago

Bank of America uses a complex polling system coupled with a customer response measurement system to assess consumers' responses

vlabodo [156]

Answer:

The correct answer is letter "E": Voice-of-customer.

Explanation:

The voice-of-customer poll is helpful for firms to find out what the point of view of their customers is. This type of poll allows companies to know in deep the level of satisfaction with the products being offered and what the perception of the customers is based on the product provided by them. With this feedback, firms can make adjustments to provide clientele what they are looking for, which may increase the company revenues.

5 0

4 years ago

The project will require an initial investment of $20,000, but the project will also be using a company-owned truck that is not

Alla [95]

Answer:

c. Increase the amount of the initial investment by $12,000.

Explanation:

The amount of investment has to be increased by $12,000 because the truck constitutes an investment into the project and this should be accounted for

3 0

3 years ago

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?​

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?