Answer:
b) $0, since he was just going to throw out the board
Explanation:
Producer surplus would have applied if the old surfboard that he no longer needs was produced by him.
Producer surplus measures the benefit to sellers of participating in a market. It is measured as the amount a seller is paid minus the cost of production. For an individual sale, producer surplus is measured as the difference between the market price and the cost of production, as shown on the supply curve.
There is a difference between profit and Producer Surplus which is the fixed cost of production.
<u>In conclusion Steve benefited $10 but that cannot be called a producer surplus</u>.
Answer to question 1= it is different because on a news paper it is written and typed , on a TV u don't have to read instead u can just watch.
The Correct Answer is Option D. (Job-Cost record)
Answer:
The answer is C.
Explanation:
According to the definition of demand which states that demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time.
From the definition, we can conclude that before a customer can make a demand, they must first have:
- a need for a product or service,
- the will to purchase the product or service, and
- the purchasing power to effect the purchase of the product or service.
Therefore Alice Faulkner can be able to determine if the prospect she is selling to is a qualified prospect by assessing the demand, willingness, and purchasing power of the prospect, all these assessments will of course be done in relation to what Alice Faulkner is selling.
Answer:
$9,996
Explanation:
The bond is issued on discount when the issuance price is lower than the face value of the bond. The discount on the bond will be expensed over the bond period until maturity.
Discount on Bond = Face value - Issuance value = $98,000 - $96,040 = $1,960
Interest Expense includes the interest payment and the discount amortization.
Discount amortization = Discount value / Life of the bond = $1,960 / 10 = 196 per year = $98 semiannually
Interest Payment = $98,000 x 10% = $9,800 annually = $4,900 semiannually
Interest Expense = ( 4,900 + 98 ) x 2 = $9,996
