Answer:
The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.
Explanation:
A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.
For example:
An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.
What the supply curve shows us is that given a certain price Y, a company will be willing to sell X amount of goods. The more demand a product has (X + 1) > X, then the price Y will increase until a new balance is found.
Answer:
Journal Entries
Journal 1 :
Equipment $23,400 (debit)
Cash $23,400 (credit)
Being Purchase of Equipment
Journal 2 :
Cash $6,800 (debit)
Service Revenue $6,800 (credit)
Being Service rendered for Cash
Journal 3 :
Salaries Expense $2,100 (debit)
Cash $2,100 (credit)
Being Salaries expense paid
Explanation:
Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
PV= $7,800
Regency Bank:
i= 0.5 percent per month
n= 19*12= 228
King Bank:
i= 6 percent annually
n=19
To calculate the final value of each bank we need to use the following formula:
FV= PV*(1+i)^n
Regency bank:
FV= 7,800*(1+0.005)^228= $24,319.61
King bank:
FV= 7,800*(1.06)^19= $23,599.68
When GDP is said to be per capita, it means that GDP is being calculated <u>per person. </u>
<h3>What is GDP per capita?</h3>
This refers to the Gross Domestic Product of a nation being divided by the number of people in that nation.
This measure is used to show the productivity of the people in the nation such that a higher figure means that the citizens are more productive.
Find out more on GDP per capita at brainly.com/question/18414212.
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Answer:
$290,700
Explanation:
The amount of net sales on the income statement is computed as shown below;
Net sales = Sales revenue - Sales discount - Sales return and allowance
Net sales = $320,100 - $12,400 - $17,000
Net sales = $290,700