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1 year ago

The amount that consumers are willing to pay for the quota limit quantity is the:_________

1 answer:

6 0

The amount that consumers are willing to pay for the quota-limited quantity is the demand price. The policy of reducing quantity is known as a quota, a restriction imposed by the government on the number of goods bought and sold.

To examine the impact of this quota on individual stakeholders and on the market as a whole, we can calculate the evolution of consumer surplus, producer surplus, and market surplus. Before, the market surplus has not been described before, as this process should take place frequently. Make sure you understand how to find the following values:

Consumer surplus = $3.47 million

Producer surplus = $5.75 million

Market surplus = $8.5 million

After, the post-policy market surplus can be calculated by:

Consumer surplus = $1.2 million

Producer surplus = $5.9 million

Market surplus = $7.1 million

When comparing the market surplus first and the market surplus afterward, note that the impact of a quota is similar to that of a price floor. The key difference is that the government imposes a quantity restriction and the price changes as a by-product, whereas with price restrictions the government imposes a price restriction and the quota quantity changes as a product.

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When a company is using double-entry accounting, what elements of a given ledger must be equal?

VLD [36.1K]

<span>When a company is using double-entry accounting, the elements of a given ledger that must be equal are the debit and the credit. They should reflect the balance of the books. There should be an equal amount in the debit column and in the credit column.</span>

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3 years ago

The August current year bank statement for Allison Company and the August current year ledger account for cash follow:

Stels [109]

The August current year bank statement for Allison Company and the August current year ledger account for cash follow is

1. Deposits in transit as on August 31 are $5,400.

2. Outstanding checks are $280 and $460 amounting to a total of $740 (280+460).

3. Bank reconciliation statement-

Particulars Amount ($) Particulars Amount ($)

Balance as per cash account* 22,475 Balance as per bank account 20,235

Add: Interest collected 2,550 Add: Deposits in transit 5,400

25,025 25,635

Less: Bank service charge (130) Less: Outstanding checks (740)

Adjusted book balance 24,895 Adjusted bank balance 24,895

*Balance as per cash account = 16,470+11,800+4,450+6,900+5,400-185-860-280-460-750-260-19,750

= 22,475

4. Journal entries-

S.No. Accounts titles and Explanation Debit ($) Credit ($)

1. Cash 2,550

Interest received 2,550

(To record the interest collected)

2. Bank service charges 130

Cash 130

(To record the bank service charges)

5. Balance sheet

Current assets

Cash and cash Equivalent 24,895

In accounting, a well-known ledger is used to fill all of an agency's transactions. inside a general ledger, transactional data is organized into assets, liabilities, sales, fees, and proprietor's equity. After each sub-ledger has been closed out, the accountant prepares the trial stability.

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1 year ago

Identify and discuss the barriers of E-commerce

Zigmanuir [339]

Answer:

Proximity, convenience, and the lack of alternatives are all factors that can cause unhappy customers to return (and perhaps improve their opinion). However, competition is much fiercer when it comes to e-commerce

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2 years ago

Firms that can employ and establish _________________, are more likely to protect their competitive advantage from being copied

pishuonlain [190]

Firms that can employ and establish <u>isolating mechanisms</u> are more likely to protect their competitive advantage from being copied and/or eroding away.

Isolation mechanisms:

A company is able to maintain its competitive edge for a longer period of time if it can stop a rival from copying the resource or capability that provides it that advantage. Isolation mechanisms is the name of this technique. For instance, a patent is a legitimate tool to stop imitation.

A firm's objective is to have a prolonged competitive advantage when a resource or capability gives the firm an advantage over competitors for an extended period of time. The industry will determine how long a company can preserve a competitive advantage.

If a business can maintain a competitive edge for a year in a fast-moving field like information technology or quick fashion, it may be quite happy. In an industry with less frequent changes, such as feminine hygiene, a persistent competitive advantage may remain considerably longer.

A sustainable competitive edge cannot be maintained by any company indefinitely. The competition is constantly working to improve its own competitive edge.

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7 0

2 years ago

If a pair of shoes in the United States costs $45, and a pair of the exact same shoes is sold in Mexico for 430 pesos while the

Svetach [21]

Answer:

The correct answer is profit of $2.3 by selling it in Mexico.

Explanation:

According to the scenario, the computation of the given data are as follows:

In the United states Cost of shoes = $45

In Mexico, Cost of Shoes = 430 Pesos ( where $0.1100 = 1 pesos)

So, 430 Pesos = 430 × $0.1100 = $47.3

So, we can calculate the profit to sell in Mexico as follows:

Profit to sell in Mexico = Sell price in Mexico - Sell price in US

= $47.3 - $45

= $2.3

So, the arbitrage opportunity exist by buying the shoes in Pesos and selling it in Mexico, one can make a profit of $2.3 per shoes.

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3 years ago